Quote:
Originally Posted by Hockeyguy15
I'm pretty sure you will have capital gains on your property here. Canada doesn't care where the primary residence is, but you can only have one. If your new primary residence is in the US you may have to pay gains on your property here.
|
This is my understanding of the above:
If you keep a home in Canada (that was your primary residence and therefore not subject to capital gain) revenue Canada will assign a value on the property at the time of leaving, and you will be subject to the capital gain from that point on. This will begin the first day you leave Canada 'permanently' on your visa.