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Old 1st Jul 2008, 05:14
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go fetch
 
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Wrong Info

Cyberguy is out to lunch, you don't have to sell you property in Canada. If you rent it out you have to declare the rental income however if you have a mortgage it becomes a tax deduction and the two cancel each other out therefore no tax paid. Call John Mott Accounting in YYZ to sort it out and answer any questions. He specializes in Non Resident tax applicants.

Cheers
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