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Old Apr 1st, 2005, 05:05 PM   #1 (permalink)
Asun
Sr. Member
 
Join Date: May 14th, 2004
Location: Vancouver, BC
Posts: 982
Default Selling a residence

Hello all,

Is selling a residence considered as an income (hence taxable)? I know that if that's your residence, then you don't pay the capital gain tax, but is the profit/selling price considered as income?

Thanks all.
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