Sold a rental property? CRA wants exactly this much. 1. The proposed 66.67% inclusion rate hike was officially cancelled on March 21, 2025 — the capital gains inclusion rate stays at 50% for 2026, so only half your profit gets added to your taxable income. → 50% 2. On a $200,000 gain from selling a rental property, only $100,000 is added to your income — then you pay your marginal rate on that amount, which works out to roughly $30,000–$45,000 depending on your province. → $100,000 3. Your Adjusted Cost Base isn’t just your purchase price — it also includes legal fees, land transfer taxes, real estate commissions, and major renovations, which can significantly shrink your taxable gain. 4. Your principal residence is fully exempt from capital gains tax, but rental properties, cottages, and vacation homes are not — so which property you designate matters enormously at tax time. Full step-by-step guide linked in bio🌐 getwealthy.blog #CanadaFinance #PersonalFinance #CanadianMoney #MoneyTips #Canada
Certified Financial Planner (CFP) and Chartered Investment Manager (CIM) with over 17 years of experience in Canadian personal finance. Spent 10+ years at one of Canada's Big Five banks, the last 7 focused exclusively on high-net-worth clients. Every guide is written with the same depth I bring to real client work — Canada-specific, CRA-verified, and always free.