View Single Post
Old 09-07-2017, 04:02 PM   #18
EldrickOnIce
Franchise Player
 
EldrickOnIce's Avatar
 
Join Date: Jul 2002
Location: Chicago
Exp:
Default

Quote:
Originally Posted by Hockeyguy15 View Post
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.
EldrickOnIce is offline   Reply With Quote