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Itsmsk66

Star Member
Dec 27, 2019
51
5
I am planning to move to Canada permanently. I recently got approved PR. Below are my questions.

1. For tax purposes when do you become a resident in Canada.
2. If I sell my house in USA before moving to Canada, do I still pay taxes for the capital gains from the house sale in Canada.
3. If I sell my house in USA after moving to Canada, how much tax and capital gain tax I need to pay.
 
I am planning to move to Canada permanently. I recently got approved PR. Below are my questions.

1. For tax purposes when do you become a resident in Canada.
2. If I sell my house in USA before moving to Canada, do I still pay taxes for the capital gains from the house sale in Canada.
3. If I sell my house in USA after moving to Canada, how much tax and capital gain tax I need to pay.
1. After you moved permanently.
2. During the first year, the system will ask about the earning while in Canada and they tax just for that amount, not the amount while you were in US.
3. You can find it online. Make sure you consider the converted amount in CAD while calculating tax rate.