Thanks nelsona for your response.
so if I understand correctly, as long as I sell my condo within one year of moving to US (Apr 2020), I will not pay any tax of capital gain. is that correct?
Does that change if say I return back to Canada in 2021 and sell my condo at that time?
Search found 2 matches
- Thu Mar 14, 2019 12:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN visa with property in Canada - Capital Gain Tax
- Replies: 7
- Views: 7113
- Wed Mar 13, 2019 11:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN visa with property in Canada - Capital Gain Tax
- Replies: 7
- Views: 7113
TN visa with property in Canada - Capital Gain Tax
Hi, I'm moving to US in this April for a new job on TN visa. I'm deciding if I should sell my primary resident condo property now or rent out. if sell right now, then no tax consequence. if rent, and sell later, with below timeline: - Dec 2015 - Bought Primary resident condo property in Canada - Apr...