Hey all,
Moved from Ireland, just got my PR last year. I'm just curious about a capital gains tax issue. If I sell a property in Europe w the sale is CGT exempt in Europe, do I have to pay CGT in Canada if I transfer over the proceeds of that sale? I'm no accountant, but I would think that being CGT exempt essentially counts as paying CGT?
Cheers,
N
Moved from Ireland, just got my PR last year. I'm just curious about a capital gains tax issue. If I sell a property in Europe w the sale is CGT exempt in Europe, do I have to pay CGT in Canada if I transfer over the proceeds of that sale? I'm no accountant, but I would think that being CGT exempt essentially counts as paying CGT?
Cheers,
N