🔍 When is a property subject to capital gains tax? Here are some examples:

✔️ Sale of a single-family home used as a rental property or a cottage that is not the seller’s principal residence.

✔️ Sale of an inherited property that was temporarily rented but never lived in by the seller.

✔️ Sale of a commercial property, whether occupied by the owner or tenanted.

For more information or questions, give me a call!

📞 Frank Lombardo, Realtor at REMAX Escarpment

📱 905-730-2747