Do Canadians Living in the US Get the Same Capital Gain Exemption for Their Home in Canada?
Reading Time: < 1 minuteCanadians in the US with a primary home in Canada do not get the same capital gain exemption as in Canada.
July 25, 2024
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Reading Time: < 1 minuteCanadians in the US with a primary home in Canada do not get the same capital gain exemption as in Canada.
Reading Time: < 1 minuteTo all the small business owners out there facing challenges and uncertainties, know that you are not alone. The journey of entrepreneurship can be fraught
Reading Time: 2 minutesThis article delves into the tax implications of owning a Canadian home after moving to the US, focusing on the scenario of converting it into a second home.
Reading Time: 3 minutesThree options: sell your home, rent it out, or make it a second home
For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (250) 661-9417 or phil@philhogan.com