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Thread: Did you sell your home in 2016?

  1. 04-24-2017, 11:51 AM #1
    phreezee
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    Default Did you sell your home in 2016?

    Heads up. I didn't know this and have to file an amendment now.
    This is just the first step to taxing cap gains on your principle residence.

    http://globalnews.ca/news/3309206/di...-know-or-else/
    Last edited by phreezee; 04-24-2017 at 04:23 PM.
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  2. 04-24-2017, 01:17 PM #2
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  3. 04-24-2017, 01:36 PM #3
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    ^^^

    Sold, bro?
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49
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  4. 04-24-2017, 02:30 PM #4
    spike98
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    Originally posted by Sugarphreak
    ... but I also get to write off my moving expenses and realtor fees
    Be prepared for the CRA to audit this. I got it when i moved for work and i heard its very common.
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  5. 04-24-2017, 02:33 PM #5
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    Last edited by Sugarphreak; 08-17-2019 at 05:21 PM.
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  6. 04-24-2017, 03:20 PM #6
    suntan
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    Default Re: Did you sell your home in 2016?

    Originally posted by phreezee
    Heads up. I didn't know this and have to file an amendment now.
    This is just the first step to taxing cap gains on your principle residence.

    http://globalnews.ca/news/3309206/di...-know-or-else/

    Edit: oops, guess this might fit better under Real Estate/Finance?
    They will not tax cap gains on your principal residence (yet). What they are doing is closing that massive loophole where every fucker with a second property never paid tax on it because they made it their "primary" residence for a couple of months by having the utility bill sent there in their name.

    I'm actually surprised they're doing this as politicians take advantage of this loophole all the time.

    Eventually they will tax cap gains on primary, when it exceeds a certain amount.
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  7. 04-24-2017, 03:44 PM #7
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    Originally posted by Sugarphreak


    Back in March, was nice to get it sold
    Congrats man. Hope ya got a good price for it. What's the plan now? Vancouver FT?
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  8. 04-24-2017, 03:49 PM #8
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    Last edited by Sugarphreak; 08-17-2019 at 05:21 PM.
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  9. 04-24-2017, 03:50 PM #9
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    renting ftw now.
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49
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  10. 04-24-2017, 03:52 PM #10
    suntan
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    Originally posted by Sugarphreak


    The prices in Vancouver went up 30% or more since I first listed. If I had sold right off the bat I would have been in pretty good shape. Now I can't afford anything worth buying, so fuck it
    Comrade, soon the NDP will also rule BC again, and they will make house prices cheap for everyone while also preserving house prices!
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  11. 04-24-2017, 04:05 PM #11
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    ...
    Last edited by Sugarphreak; 08-17-2019 at 05:21 PM.
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  12. 04-24-2017, 04:16 PM #12
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    Originally posted by Sugarphreak


    The election is coming up and NDP are leading the polls... ffs
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  13. 04-24-2017, 04:38 PM #13
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    Originally posted by Sugarphreak


    The election is coming up and NDP are leading the polls... ffs
    I was in interior BC last week. Was surprised the Christy serving the 1% campaign is working.

    But then again, interior is seeing 10% unemployment much like Calgary.
    None of the Vancouver action is moving inwards, only money. They may want change.
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  14. 04-24-2017, 04:49 PM #14
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    ...
    Last edited by Sugarphreak; 08-17-2019 at 05:21 PM.
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  15. 04-24-2017, 07:20 PM #15
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    She's sorta cute, I'd ask her for a Nuru massage.
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  16. 04-24-2017, 08:19 PM #16
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    Thx for the heads up
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