Expert Info

Posted by stibbles
on 24 Jun 2019

Hi,

 

I have two investment properties in the United Kingdom and work now takes me to Canada for at least three years.  I presume I will pretty soon be classed as a Canadian resident for tax purposes.

 

Can anyone tell me how the income from these paid in rent will be treated?  What rates of tax etc?

 

Also, what if I sold the properties?  Would the equity I have in these properties be taxed as income?

 

I know I must speak to a tax advisor in Canada and in due course I will, but if anyone can share with me their own experience or otherwise assist then that would be really helpful as a pointer of the direction in which I need to go.

 

Many thanks,

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