We typically recommend a buy and hold strategy of 5 years (this may vary by property) to optimize returns. But your goals may be different or change, so if you want to sell your eligible shares* ahead of time, you can list them on the BuyProperty marketplace at your convenience.
*Investors must have held their shares for 90 days or longer from the date of purchase or property closing date, whichever is later.
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Income on rental distributions is taxable, and the tax rate will depend on your marginal tax rate. When a property is sold, the gains of that property will be taxed at a capital gains rate.
You will not be taxed twice for capital gains—you are only taxed at the individual level when the asset generates income or is sold.
There is no difference in the investment process between choosing US or Canadian properties, and taxable income will be taxed in Canada at the federal/provincial tax rates on worldwide income. However, you can claim a foreign tax credit on Canadian tax returns for the US income taxes that have been paid to reduce the tax that will be payable in Canada.
You can access all your related tax documents online in your account, including T5013 Statement of Partnership Income statements.
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Because we invest alongside our platform’s investors, we maintain alignment with your interest and desire for maximum returns. So, during a capital sale (an exit for investors), BuyProperly runs a market sale process to ensure the property is sold at the optimum price. The sale process includes rigorous trend analysis, fair market valuation, and market intelligence.
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We get it—sometimes you need to sell your shares sooner than planned, so you can use the BuyProperly Marketplace to sell your eligible* shares to other BuyProperly investors. This easy-to-use, self-serve online marketplace facilitates the share sale and purchase between BuyProperly users. Visit the BuyProperly Marketplace to get started.
The seller sets their price based on expected returns, holding periods, and market growth (a minimum value of $2,500 CAD is required for share sales on the BuyProperly Marketplace).
*Investors must have held their shares for 90 days or longer from the date of purchase or property closing date, whichever is later.
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