So I hoping to switch to another house.
The issues is capital gain. My current place is my first property and it has gain a lot in capital. I only had it for three months.
Anyways to avoid capital gain? Basically going to sell my current place and buy another place. How strict is CRA on this? I heard before than if you live there for six months and sell it than buy another, you can get away with capital gain.
Any tips will be appreciated
The issues is capital gain. My current place is my first property and it has gain a lot in capital. I only had it for three months.
Anyways to avoid capital gain? Basically going to sell my current place and buy another place. How strict is CRA on this? I heard before than if you live there for six months and sell it than buy another, you can get away with capital gain.
Any tips will be appreciated