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I don’t disagree about using taxes to deal with this (though noncompliance and loopholes are a problem), but to clarify, non-residents pay tax on the sale of Ca
by voisin 5y ago
I don’t disagree about using taxes to deal with this (though noncompliance and loopholes are a problem), but to clarify, non-residents pay tax on the sale of Canadian real estate. This is written into all reciprocal tax treaties. The only way out of this would be if the house was a principal residence, which is the same rule as applies to residents selling their principal residence.
Apologies for all the residence/residents.