ANSWERS: 2
  • It depends on where you live. In Canada, you only have to occupy the home for one year before you can sell without paying capital gains.
  • yes you will have to pay capital gains because you have lived there less than 2 years If you stay at least 2 years all capital gains up to 250k if single or 500k if married is yours tax freeeeee!!!! You only have 7 months to go just hold tight and put the property up for sell at least 4 months before the july 2007 pay day.

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