GoFuckYourself.com - Adult Webmaster Forum - View Single Post - question about selling house in canada....

08-26-2005, 05:34 PM

I also think there is a taxable gain limit of $250,000, even if it was your principal residence. So if the property rose in value over $250,000 since you purchased it 4 months ago (which is unlikely, unless you have a horseshoe up your ass), then you have to pay tax on that. (or over $500,000 if you are married and filing joint returns)

08-26-2005, 05:34 PM
evildick Guest Posts: n/a	I also think there is a taxable gain limit of $250,000, even if it was your principal residence. So if the property rose in value over $250,000 since you purchased it 4 months ago (which is unlikely, unless you have a horseshoe up your ass), then you have to pay tax on that. (or over $500,000 if you are married and filing joint returns) Last edited by evildick; 08-26-2005 at 05:35 PM..