Income tax question

[Klaverveld]

@legalfalcon
We are planning to land in early September. Our house will be sold in next 2 months, but the money will come in our bank account after we land.
Do we have to pay income tax on this amount?
Thank you for your help!

 

[legalfalcon]

@legalfalcon
We are planning to land in early September. Our house will be sold in next 2 months, but the money will come in our bank account after we land.
Do we have to pay income tax on this amount?
Thank you for your help!

On a sale of asset, you will have to pay capital gains tax as per the country where you were resident or where the asset was located.

When you land in September, you will not be a tax resident in Canada, which is different form residency.

See https://www.canada.ca/en/revenue-ag...-moved/determining-your-residency-status.html