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    jeyeh's Avatar
    jeyeh Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 20, 2007, 07:53 AM
    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,
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 20, 2007, 09:40 AM
    This is a CANADIAN Tax question; this forum deals with U.S. taxes.
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