I'm a US citizen working in the US selling my primary residence in the US next week and then in November transferring on a work permit to a Canadian company (first time in Canada).
When I file partial year taxes, will I owe Canadian taxes on any income earned before my work permit issuance? (250K capital gain on house, also I liquidated my roth IRAs and my stock investments this year).
thanks!
Selling house in US before transferring to Canada
Moderator: Mark T Serbinski CA CPA
No, you will not. However, you would not owe any if you sold all these things immediately after moving to Canada either, since every thing you own gets re-zeroed on the day you arrive.
But best to do all thios before leaving US, for convenience.
But best to do all thios before leaving US, for convenience.
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