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Changing the use of a capital property from personal to business or vice versa gives rise to a deemed disposition for Canadian Income Tax purposes.

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"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

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Deemed Disposition
Image of woman sitting at wod kitchen table looking at taxes
A Canadian Tax Lawyer’s Guide to Deemed Dispositions
Principal Residence Exemption from Taxation of Cottages
Principal Residence Exemption from Taxation of Cottages
Canadian Income Tax Tests for Factual Non-Arm's Length
Canadian Income Tax Tests for Factual Non-Arm’s Length
Tax Guidance for Assignors in Real Estate Assignment Transactions
Lifetime Capital Gains Exemption & Qualified Small Business Corporation Shares
Principle Residence Exemption and House Flipping
Nature of Trade
A Guide to Adventure or Concern in Nature of Trade
Taxation for Capital Gains & Capital-Gains Reserve for Future Proceeds