Ask a tax pro: selling an investment property

The article titled "Ask a Tax Pro: What Do I Need to Know When Selling an Investment Property?" published on condos.ca blog discusses the various tax implications associated with selling an investment property. The author emphasizes the importance of seeking advice from a tax professional and outlines the tax consequences of selling a rental property or a vacation home, including capital gains taxes, recaptured depreciation, and non-resident withholding taxes. The article also covers various tax strategies that can be used to minimize tax liabilities, such as the use of principal residence exemptions, tax deferral strategies, and the deferral of capital gains taxes through the use of a holding company. Overall, the article provides useful information for anyone looking to sell an investment property and wanting to better understand the tax implications of such a sale.