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Tax for selling property outside Canada

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(@Anonymous)
Joined: 1 second ago
[#378]

I am non-resident Canadian citizen planning to move back to Canada in August. If I sell property in India and bring that money to Canada, do I have to pay tax on the money I bring to Canada.


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Posts: 663
(@dexter)
Joined: 3 months ago

If you sell the Indian property prior to coming back to Canada, then the cash received from the sale and transferred to a Canadian bank account will not be subject to Canadian tax.


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