Tax for selling property outside Canada

Question

1965 viewsFebruary 26, 2020Personal Tax

0

Anonymous Posted February 25, 2020

I am non-resident Canadian citizen planning to move back to Canada in August. If I sell property in India and bring that money to Canada, do I have to pay tax on the money I bring to Canada.

1 Answer

score 0 · Answer 1 · 2020-02-26T13:52:19+00:00

If you sell the Indian property prior to coming back to Canada, then the cash received from the sale and transferred to a Canadian bank account will not be subject to Canadian tax.

Tax for selling property outside Canada

1 Answer

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