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Taxes. Selling car. Ontario

Lana

Star Member
Jul 8, 2010
69
0
Category........
Visa Office......
Vegreville
Job Offer........
Pre-Assessed..
App. Filed.......
20.06.2010
Med's Done....
14 June 2010
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