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Canada Immigration Forum > Working in Canada Topics > Canadian Finance and Taxation > Topic: Taxes. Selling car. Ontario
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Lana
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Posts: 69
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Category........: FAM
Visa Office......: Vegreville
App. Filed.......: 20.06.2010
Med's Done....: 14 June 2010
« on: April 11, 2011, 10:19:18 pm »
Hi there!
We've sold our car for 14,000 CAD. Dut to papers we've purchased this car for 27 000 CAD. Does it mean that we don't need to pay taxes because we didn't earn anything selling the car?
Thanks a lot in advance
Lana
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Jonboy
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Posts: 94
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LANDED..........: 29-07-1999
« Reply #1 on: June 20, 2011, 05:28:32 pm »
Yes, nothing to pay.
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