Resources Ask Clint Property, Rentals & Capital Gains
Property, Rentals & Capital Gains
Renting out a suite or a whole house, selling a property, moving back into a former rental, and what the $500,000 headlines were about. Real questions from a Canadian public finance forum, answered by Clint.
CColesNotes · Current as of 2026
I want to sell a house I bought a year ago. Does flipping tax apply?
Federal and BC rules, and whether there is even a gain.
Answered November 27, 2025
Can someone help me estimate the capital gains on a rental I am selling?
What goes into the calculation, and what does not.
Answered August 29, 2025
Everyone talks about capital gains. What happens with a loss?
Where losses go and how long they last.
Answered May 13, 2025
I rented my home out for years and moved back in. Do I owe tax now?
Change of use, deemed disposition, and the election that helps.
Answered January 5, 2025
If my rental becomes my home, do I pay tax that year or later?
When the tax bill actually lands.
Answered January 4, 2025
Is it true you now get taxed if you profit over $500,000 on your home?
Checking a rumour against the actual rules.
We rented our suite. Can we claim the appliances we bought?
Repairs, appliances, and the difference that matters.
Can we split rental income 1% / 99% to lower the tax?
Why the split has to follow the money, not the goal.
Answered March 18, 2024
I rent to family below market value. Do I report it?
Cost recovery versus a real rental operation.
Personal Income Tax
Tax time does not have to be stressful.
We handle the filing and explain what we did in plain English.
Each answer shows the date Clint wrote it, and rules and dollar figures may have changed since. Information current as of 2026. This is general information, not advice for your situation. Tax rules and figures change, so check with us or the CRA before you act on it. Terms