The housing market during the pandemic is as hot as the summer in Toronto. Toronto's housing prices have broken through the highest point in history. It is worth being happy about selling a house for a profit, but what about the tax payment task?
Many customers can't help but call us with the money they just received from selling their houses. As accountants, we want to know if we can give them some advice and calm them down. So in today's video, I will use Mr. Du's story as an example to tell you that as a tax resident, when your income suddenly increases dramatically due to selling a house, what methods can help you reasonably avoid taxes.