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Real Estate and Capital Gains Tax

Tax guidance for real estate sales, capital gains, rental property dispositions, principal residence questions, and investment property reporting.

Service Overview

Selling real estate can create important tax questions. The result may depend on whether the property was a principal residence, rental property, investment property, business asset, or mixed use property.

Proficiency Tax helps clients review real estate transactions and understand capital gains reporting. We look at cost base, improvements, ownership history, rental periods, and available tax reporting positions.

Real estate tax reporting should be handled before filing season where possible. Good records can make a major difference in accuracy and CRA readiness.

Our Approach

A clear review of real estate transactions and capital gains reporting for accurate tax outcomes.

Transaction Review

We review the sale, purchase history, and property use.

Cost Base Review

We help identify purchase costs, improvements, and selling costs.

Tax Reporting

We prepare the capital gains reporting and explain the result.

Planning Guidance

We discuss future real estate tax considerations.

Key Benefits

Capital gains tax support for real estate sales with organized cost base review and clear reporting.

Support for real estate sale and capital gains reporting.
Guidance on rental property and investment property sales.
Help organizing cost base and improvement records.
Clear explanations before filing with the CRA.

Popular Questions

Answers to common questions about capital gains tax and real estate reporting in Canada.

Is every home sale taxable?
Not always. The principal residence exemption may apply, but reporting can still be required.
What records help calculate capital gains?
Purchase documents, sale documents, legal fees, improvement costs, and rental history can all matter.
Are rental property sales taxable?
Rental property sales commonly create capital gains or other tax reporting issues.
Can you help before I sell?
Yes. Reviewing the tax impact before closing is often helpful.

Explore Tax Services

Why Choose Proficiency Tax

Bilingual English and French support
Secure client portal for documents
Ottawa based and Canada wide service
Clear guidance for complex tax matters

Need Help With a Tax Matter?

Speak with Proficiency Tax for clear guidance on personal, corporate, non resident, and CRA tax matters.

Call Us: +1 (800) 984-7418

Email Us: [email protected]

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