When it comes to capital gains taxes, there’s no one-size-fits-all answer. The amount of tax you’ll owe depends on a number of factors, including the value of your home, the length of time you’ve owned it, and the province or territory in which you live. However, there are a few general principles that can help you calculate your capital gains tax liability. In Canada, capital gains are taxed at a rate of 50%. So, if you sell your home for $500,000, you can expect to owe approximately $250,000 in capital gains tax.