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Is there a TAX for capital gain in Land purchase in Canada ?


I am a foreigner thinking of investing in overseas land in Canada, and wonder if i sell the land in few years to come, and is there a TAX by Canada government for any capital gain for the land ?

is there any website where i can get this information?

note : I am not presently residing in singapore, and buying land is just part of the investment.,

thanks

Non-residents are subject to tax on the disposal of taxable Canadian property (Income Tax Act, subsectin 2(3)). Real property situated in Canada is included in the definition of Taxable Canadian Property in subection 248(1).

Therefore, yes, you're subject to tax. I do think you should talk to a tax specialist that deals with international taxes, in particular, taxes between Canada and your country. Canada has a number of tax treaties with other countries, which affect the application of the tax rules.

You should talk to an accountant who specializes in such things. Although I'm pretty sure you would be subject to capital gains taxation.
If you invested your money into property in the U.S. you would also be subject to capital gains tax. In either case the land wouldn't be your primary residence and that's the reasoning for taxing it in such a way.

i think there is.

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