Search found 2 matches

by shebalicious
Mon Sep 15, 2014 3:03 pm
Forum: Canada / United States Tax & Accounting
Topic: moving/working in US and selling family farm
Replies: 5
Views: 3954

Ok that's somewhat of a relief, but how do the capital gains exemptions tie in? Neither of us have taken any gains, and we would use our entire exemptions on the farm. Does this impact any of taxes payable to US? I believe this is where our accountant is concerned with US taxes not Canadian.
by shebalicious
Mon Sep 15, 2014 2:00 pm
Forum: Canada / United States Tax & Accounting
Topic: moving/working in US and selling family farm
Replies: 5
Views: 3954

moving/working in US and selling family farm

Wonder if anyone could give me an idea of the tax implications of selling our farm
My husband started a job with a us corp and moved to texas, leaving me in Canada with our kids. We are looking at selling the farm which will entail huge capital gains. Our accountant says we will need to pay tax in ...