Continued
you can declare post departure gains and fmv at time of departure as ACB or PRE formula?
CRA doesnt care?
Search found 2 matches
- Wed Nov 04, 2015 3:49 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Election 45(2) Rental Property
- Replies: 10
- Views: 14284
- Wed Nov 04, 2015 3:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Election 45(2) Rental Property
- Replies: 10
- Views: 14284
So there is no difference regardless if you file a 45 (2) election as far as CRA is concerned? I thought once you file a 45(2) election you have no disposition therefore you have to use the PRE formula 1+ years designated / no of years owned
If you dont elect into deemed disposition upon departure ...
If you dont elect into deemed disposition upon departure ...