Search found 2 matches

by nrobh
Fri Dec 06, 2024 5:32 pm
Forum: Canada / United States Tax & Accounting
Topic: ACB of Canadian real estate upon return to Canada
Replies: 4
Views: 7393

Re: ACB of Canadian real estate upon return to Canada

Thank you for clarifying, nelsona!

And I will only have to recapture CCA once I actually sell the house (or convert it back to primary residence), correct? Not when I resume residency.
by nrobh
Fri Dec 06, 2024 3:17 pm
Forum: Canada / United States Tax & Accounting
Topic: ACB of Canadian real estate upon return to Canada
Replies: 4
Views: 7393

ACB of Canadian real estate upon return to Canada

Greetings, all. I'm a Canadian citizen trying to determine the adjusted cost base of my Canadian real estate when I resume Canadian residency this month and whether or not a recapture of CCA will/can/should be triggered: - converted Canadian primary residence to rental unit April 2019 - emigrated to...