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March 7, 2022
Question

Is the proceeds of disposition the net between my house sales price and the new house I bought

  • March 7, 2022
  • 1 reply
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I sold my house to buy a new one how should I declare the net between sales and buy?

    1 reply

    TurboTaxSusan
    March 10, 2022

    Your proceeds of disposition is the amount that you received for the home that you sold - the sale price of the property.

    Please see Canada Revenue Agency (CRA) webpage for more information on terms associated with capital gains/losses: Definitions for capital gains