Selling a Revenue Property in Vancouver BC | Capital Gains Tax and Deducting Commission in Canada
Selling a Revenue Property in Vancouver BC Capital Gains Tax and Deducting Real Estate Commissions in Canada So, you’ve decided to sell an investment condo or other revenue property in Vancouver. The first thing you’ll want to do is talk with your mortgage lender to check how much your mortgage penalties are going to be. Once there is clarity on the costs to end the mortgage you have to consider The Taxman, aka Canada Revenue Agency (CRA). I recently had the pleasure of meeting with Accountant Sean Akeroyd with Akeroyd & Leung about the tax implications of selling an…