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Tax incentives for property investing are ridiculous in many countries. In Canada, the capital gains on the sale of your primary residence are tax-free. You jus
by ttul 3y ago
Tax incentives for property investing are ridiculous in many countries. In Canada, the capital gains on the sale of your primary residence are tax-free. You just have to live there for about a year. People move annually, flipping as they go, to earn a tax free income while someone investing in the stock market is taxed. It makes no sense to me.
- rcme 3y agoThe U.S. has the same tax incentive, but there is an additional tax incentive, called a 1031 exchange, that lets you pay no capital gains if you invest the money in more real estate.