Hello everyone,
I have foreign owned property that I inherited from my grandmother. It’s just sitting there (i.e. house). It’s worth around 100,000 dollars Can.. Should i declare it if it’s just sitting there and I have never rented it or made any money from it all.
I did read somewhere that I only have to declare if I’m making money for rent etc. But it’s not the case for me, so am I obliged to declare.
any help or pointers to sources of info would be greatly appreciated.
(Note: I’m in the process of selling it this year. And the real estate agent told me I’ll be able to get about 105,000 Canadian dollars).
thanks
Wenceslaus
