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Taxable income?

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9

928029

Star Member
Apr 2, 2014
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Hi,

I am now on my work permit and waiting for my PR. I planned to sell my apartment back home and buy one in Canada after landing.

My concern is how to determine the "earned income" from selling the apartment? I bought it six years ago and never rented it out, therefore I am not aware of the value of it when I first become a taxation resident two years ago.

Honestly speaking, it will be a pain in the arse if selling the apartment means paying high taxes, and doesn't help me get a better living condition in the end.
 
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