Episode 29 – Selling your home in Canada? Don’t get burned by the new CRA rules

Episode 29 – Selling your home in Canada? Don’t get burned by the new CRA rules

In this episode, Frankie Loreto and Sarah Netley unpack the CRA’s flipped property rules introduced in 2023 and what they mean for Canadians selling real estate. From the difference between capital gains and business income to what truly qualifies as a principal residence, they break down complex tax rules into clear, practical insights. With real-life examples, from quick flips to new builds, they explore how timing, intent, and life events can determine whether your sale is exempt or taxable. Whether you’re a homeowner, investor, or advisor, this conversation offers valuable takeaways to help you avoid unexpected tax surprises. 

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Connect with Frankie Loreto and Sarah Netley

• LinkedIn: Baker Tilly Canada
• LinkedIn: Frankie Loreto
• LinkedIn: Sarah Netley
• Telephone: 905.579.5659