Is There an Equivalent in Canada For a 1031 Exchange?

If you remember reading our previous article What is a 1031 Exchange? you’ll remember that a 1031 exchange also known as the U.S. Internal Revenue Service Code 1031, states that investors of commercial properties can sell their property and reinvest those funds into a “like-kind” property. Essentially allowing investors to “defer capital gain taxes as well as facilitate significant portfolio growth and increase return on investment.”  If you’re new to the topic you can catch up on 1031 exchanges here.

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