QUESTION: I'm buying a new property. If I don't move in, but resale it, is there any way to avoid paying taxes on the resale as strigh income, but capital gains instead. I already own a house where I live. --------------------------------------------------- If you buy a house and flip it, the profit is straight income, not capital gains. Since you are asking the question, whatever you did to make it "look" like a capital gain would likely be part of a criminal conspiracy to avoid income tax. Sorry to be harsh, but those are the facts of life. Goto www.centa.com, click on Tax Guide in the top left hand box and then read the Capital Gains section. ================================================================== ask international income tax & immigration expert consultant david ingram from North Vancouver, BC, Canada experts on RRSP RESP IRA 401(K) radio CKBD 600AM 9 AM Sunday mornings on Fred Snyder's IT's YOUR MONEY ==== David Ingram's US/Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists Home office at: 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Cell (604) 657-8451 - (604) 980-0321 Fax (604) 980-0325 Calls welcomed from 9 AM to 9 PM 7 days a week (please do not fax or phone outside of those hours as this is a home office) email to taxman at centa.com <mailto:taxman at centa.com> www.centa.com <http://www.centa.com/> www.david-ingram.com <http://www.david-ingram.com/> Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. 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