ca capital gains, mandatory file taxes

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
mguile
Posts: 3
Joined: Thu Feb 27, 2020 10:26 am

ca capital gains, mandatory file taxes

Post by mguile »

I am married to a green card holder living in FL. As a previous Canadian I collect oas, cpp and a military pensions. I also collect us social sec. I recently sold some Canadian unimproved land for a profit of approx. $8,000 and filed all the paper work with CRA and received a Certificate of Compliance. The attorney handling the sale said I should file Canadian income tax. I am happy with the 15% tax that was withheld and sent to cra. Is it mandatory that we file ca income tax. I would of course include the Canadian cap gain on my US income as I pay taxes in US on my world income. thanks
Top
nelsona
Posts: 18678
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: ca capital gains, mandatory file taxes

Post by nelsona »

Yes, a filing is required when cap gain is made on Cdn taxable property.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Top
Post Reply

Return to “Canada / United States Tax & Accounting”