Real Estate

Strategy to save on Capital gain tax

  • Last Updated:
  • Aug 27th, 2021 5:59 pm
[OP]
Newbie
Jan 20, 2021
4 posts

Strategy to save on Capital gain tax

I sold my investment property and want to pick your brain on how to save on capital gain tax other than using the RRSp room what other things that I can claim under expenses to minimize the tax.
3 replies
Sr. Member
May 12, 2003
969 posts
365 upvotes
Tax planning after the fact...nice.

Doubt there's anything you can do AFTER you've already sold it.

Will wait for other accountants to chime in...
Samsam79 wrote: I sold my investment property and want to pick your brain on how to save on capital gain tax other than using the RRSp room what other things that I can claim under expenses to minimize the tax.
Member
User avatar
Jan 7, 2019
368 posts
373 upvotes
Claim a huge loss on your investment portfolio and use that to offset.

Tax planning is done years in advance....not after.
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Deal Addict
May 23, 2006
1521 posts
551 upvotes
Vancouver
You should feel fortunate that capital gain is taxed at 50% of the normal rate. That's a good result already

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