Liz Verstraeten, B.A.
Sales Representative

Century21 Wenda Allen Realty Ltd., Brokerage
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Best Fixed - 1 year
2.99%
Best Fixed - 2 year
3.09%
Best Fixed - 3 year
3.04%
Best Fixed - 4 year
3.34%
Best Fixed - 5 year
3.13%
Best Fixed - 10 year
3.74%
Best Variable - 1 year
3%
Best Variable - 3 year
2.75%
Best Variable - 5 year
2.45%
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SELLING A HOME CAPITAL GAINS TAX

 

The Income Tax Act does not specifically set out whether or not a gain or loss is capital in nature. The taxpayer is responsible for reporting the gain as income or capital gain. This report may then be challenged by the Canada Customs and Revenue Agency with the onus of proof on the taxpayer.
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