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Tax implications of Selling house in Canada

Tax implications of Selling house in Canada

Old May 4th 2023, 2:41 pm
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Default Tax implications of Selling house in Canada

We are moving back to the UK from Canada in June/July and have just sold our house. My husband is intending to move ahead of me by a couple of weeks and I will stay to close the house sale and move money back. In terms of tax implications it is unclear to me if we would be on the hook for tax on the sale if he goes a couple of weeks ahead of me - the government website says you are not considered non-resident until you have cut ties with Canada and your spouse has joined you except in situations where you are returning to a country you lived in before - which he is. Although in his case he was born in Canada, moved to the UK in the 1990s, then came back in 2010. Has anyone encountered this situation and managed to avoid any tax on the sale of their home? For the sake of a couple of weeks it seems ridiculous but we need to get an answer so we can make plans accordingly. I have asked my lawyer and have a call in to our accountant as well. Thanks!
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