You just sold your condo, you made a hefty profit and know you have to pay your taxes.
The bill might be more than you think.
If it’s your principal residence, there’s no tax, as long as you have the paperwork to prove it. The Canada Revenue Agency is taking a closer look at the condominium sector in what some in the industry have dubbed the “Condo Project.”
http://business.financialpost.com/2013/04/20/get-ready-to-pay-income-tax-on-your-condo-profit/https://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn
