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.
Search found 2 matches
- 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
- 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...