How to Calculate a Capital Gain on a Second Property
Wednesday May 15th, 2024
ShareHow to calculate a capital gain on a second property? Including improvements in your adjusted cost base could save you taxes when you sell. The improvements you make over the years to a cottage or investment property can save you on taxes when you sell. Coming changes to the capital gains inclusion rate have jolted not just the wealthy, but also people with long-held cottages or second property owned as an investment. Starting June25, they will have to pa tax on... [read more]