Question: do you have to pay capital gains if you sell your house?
Answer: So, if you sold an Ontario property and earned $60,000 profit on the sale, and you earn $30,000 in income per year, you would pay 10.03% on that capital gain—so, approximately $3,000 in taxes would be owed to the CRA. ... For property, the CRA provides a capital gains tax exemption on a family's primary residence.