SumoStrength
Fri Mar 29 2024
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7 answers
1717
How long do you have to live in a house to avoid capital gains Canada?
Excuse me, I'm a bit confused about the capital gains tax regulations in Canada. I understand that selling a property after living in it for a certain period of time can avoid paying capital gains tax. Could you please clarify how long I need to live in a house to avoid paying this tax? Is there a specific duration or is it based on some other factors? Also, are there any exceptions to this rule? Thank you for your help.
