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What are the Canadian capital gains tax laws for a US citizen relocating to Canada on a work visa that will be selling US property?
Wiki User
∙ 14y ago
You need to check with a lawyer and/or accountant. In general, though, a capital gains tax can be imposed by only one of the jurisdictions. If you're talking a fairly high amount, it's well worth getting advice ahead of any decision to sell the US property. Although you can't avoid payment, you do have a legal right to minimize as much as possible.
Wiki User
∙ 14y ago
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