Selling property in Florida
Posted date : Sep 17, 2024.
If we plan to sell our property in Florida, what is the process for getting the money back into our Canadian account? Are there tax rules that apply? Say we get $150,000 and we had purchased for $85,000.
Dorothy Mitchell
Napanee, ON
Ed.: Once the transaction has been completed, including any capital gains taxes that would be payable, you could write yourself a cheque and deposit the money into your Canadian bank account.
