Moving to Canada and selling a US investment property

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kbwoods
Posts: 1
Joined: Tue Jun 11, 2019 8:38 pm

Moving to Canada and selling a US investment property

Post by kbwoods » Tue Jun 11, 2019 8:47 pm

Hi There,

My husband and I are Canadians and we are greencard holders in the US. We have a rental property that we are looking to sell. We are also looking at making a move back to Canada. I am trying to understand if/when there are additional taxes (beyond normal capitol gains) on the sale of a US investment property - I am under the impression that we'll get hit with a big bill if we sell after moving to Canada, is that true? Is there anything we can do (aside from bending over backwards to make the sale happen sooner) to improve that situation?

Thanks,
kbwoods

Moving2Canada
Posts: 13
Joined: Thu Jun 25, 2015 12:58 pm

Re: Moving to Canada and selling a US investment property

Post by Moving2Canada » Fri Jun 14, 2019 11:42 am

I have a similar question, though in my case we have the option to sell our primary US residence before moving to Canada or to make it a rental property and sell it at some point in the future.

Canadian citizens. Is it better to hasten a sale (as a primary residence)? Assume economics of capital gains/rental income we are indifferent.

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