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Taxes on Selling a Property

Taxes on the Sale Proceeds of your Home - Is it a Principal Residence? In Episode 1 of How to Sell a Vancouver Condo, we discussed how it is important to speak to your lender about mortgage penalties when deciding when to sell your Vancouver condo. There may be Taxes PAYABLE on the Sale Proceeds of My Condo?! In many cases, the answer, unfortunately, maybe yes! Today we're going to talk about the taxes that may be payable on the proceeds of the sale of your condo. A nasty surprise may come tax time, months after you have sold the…

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