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rpoissa

Canadian Tax on RTO

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Hello All, I was wondering about a T/B closing on a RTO property that you own personally. Are their ways to minimize your tax burden or is it basically like selling a rental property, you're going to take a hit on capital gains? I might have one closing in July (my first) and am wondering how to approach it. Rob

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Rob, I suggest you contact a few of our Canadian based members. Perhaps one of them will know, or will know where to direct you for info on Canadian tax laws.

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