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-   -   Concerning capital gain tax (https://www.askmehelpdesk.com/showthread.php?t=84563)

  • Apr 20, 2007, 07:53 AM
    jeyeh
    Concerning capital gain tax
    Hi,

    I have, under my name, two houses. One in Vancouver, one in Toronto. I live in Toronto and I did declare the house in Toronto as my principal residence on ON479 of my previous years of return.

    However, lately I found out if I would sell the one in Vancouver, I would have to pay the capital gain tax. Is there a way to avoid that? (by re-declaring the principal residence, or other methods)

    Thank you very much for your help,
  • Apr 20, 2007, 09:40 AM
    AtlantaTaxExpert
    This is a CANADIAN Tax question; this forum deals with U.S. taxes.

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