What Taxes You Pay When Selling a Home in Canada | Home Selling Guide скачать в хорошем качестве

What Taxes You Pay When Selling a Home in Canada | Home Selling Guide

Want to know exactly how much money you’ll actually keep when selling your home in Canada? This video breaks down all the taxes, fees, and hidden costs you need to know about before you list your property. From capital gains tax to realtor commissions and legal fees, you’ll learn what really impacts your bottom line so you can plan ahead and avoid costly surprises. Whether you’re selling your primary residence or an investment property, understanding these numbers is key to making smart financial decisions. I’ll walk you through real examples and share tips to help you maximize your net profit when selling a home in Canada. Watch until the end to feel confident about your sale and know exactly what you’ll walk away with. 🚚 Moving to Ontario? I’d Love to Help! 👋 Peter Woolcott & Justine Woolcott - Woolcott Real Estate 📲 (905) 332-9223 📧 drewandjayne@woolcott.ca 👋 Peter Woolcott, Broker & Justine Woolcott, Broker 📆 Schedule Discovery Call: https://calendly.com/peterwoolcott/30min 🏆 Brokered by: Re/Max Escarpment Realty Inc. Preferred Partners 🏦 Lender Partner: https://www.mission35.com/ Connect 🌐 Website: https://woolcott.ca 📺 YouTube:    / @woolcottrealestate   📲 Facebook:   / woolcottrealestate   📱 Instagram:   / woolcott_real_estate   💼 LinkedIn:   / woolcott-real-estate   Disclosures 📝 Not intended to solicit buyers or sellers currently under contract. 0:00 Intro – Your home sells for $800K, but how much do you actually keep? 0:27 Overview – Why understanding net proceeds matters 0:37 Capital gains tax explained (non–primary residence) 1:01 How capital gains are calculated in Canada 1:21 Principal residence exemption (since 2016 reporting rule) 1:38 Realtor commissions & HST (5% example on $800K sale) 2:06 HST on new builds or major renovations 2:26 Legal fees & closing adjustments (utilities, property taxes) 2:58 Buyer’s land transfer tax (impact on affordability) 3:17 CRA reporting reminder (avoid penalties) 3:38 Example breakdown – $800K sale, real net proceeds 3:55 Key takeaway – Focus on your net, not just sale price 4:04 Final advice – Talk to your agent, lawyer, and accountant 4:20 Outro What Taxes You Pay When Selling a Home in Canada | Home Selling Guide #SellYourHome #Canada #WoolcottRealEstate