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l j m

Selling your home

By l j m in Canada

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l j m Contributor

l j m   3

Posted
Filed: IR-1/CR-1 Visa Country: Canada
 Timeline
Posted

Anyone have any information regarding selling your home? We're curious if there is any tax advantage to selling prior to becoming a landed immigrant? OR does it not matter?

I-130 Sent: 2012-06-12

I-130 NOA1: 2012-06-18

I-130 Approved: 2012-08-21

Received Case#: 2012-09-05

Sent OPTIN email: 2012-09-05

OPTIN email accepted: 2012-09-13

Submitted DS-261 online: 2012-09-15

AOS Fee paid: 2012-09-21

AOS Fee accepted: 2012-09-24

DS-261 accepted: 2012-09-27

AOS packet submitted: 2012-09-27

IV Fee paid: 2012-09-28

IV Fee Accepted: 2012-10-01

DS-260 Submitted online: 2012-10-14

DS-260 Supporting Docs Submitted: 2012-10-15

CASE COMPLETE: 2012-10-25

Received Case complete email: 2012-11-02

...& waiting for an interview!

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Krikit Grand Master

Krikit   1,163

Posted
Filed: Timeline
Posted

Hi there. You'll want to read this thread:

http://www.visajourney.com/forums/topic/319591-selling-primary-residence-in-canada/page__view__findpost__p__4782151

Basically, if your home was your primary residence prior to immigration then there are no capital gains taxes. However, if you decide to keep it and use it as an income property then you will pay capital gains when you come to sell it later.

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