Bought a townhouse back in 2009 for $300k, lived there for 3 years (when I moved out it was worth $270k maybe) and have now rented if out for the past 1.5 years (and I'd say its worth $300-310k now).
If/when I go to sell it what are the implicatation of the value of the propery or will the CRA only look at purchase price and sold price?
Also to clarify I would only be on the hook for paying income tax on 50% of the gained value, correct?