A Guide to Capital Gains Tax on Canadian Real Estate Sales
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When selling Canadian real estate, capital gains tax applies to investment or secondary properties—only 50% of the profit is taxable. Principal residences are usually exempt. Proper reporting to the CRA is essential to avoid penalties. For accurate filings and tax optimization, consider professional taxation services in Ontario. Experts can help minimize liabilities and ensure compliance with Canada’s evolving real estate tax laws. Check out the full blog to know more.
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Black Box Consultancy
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