Hello: I am currently in Canada but looking at the possibility of spending our winters in Australia as I have family there. This will be a few years away as I am still working here. In the meantime I am considering purchasing a rental property in Perth.
Can anyone tell me if I have to pay income tax to both the Australian and Canadian governments on the rental income of this property?? Also, what happens if I sell that property. Do I pay capital gains to both countries as well??
I have tried to understand the Australian-Canadian Tax Treaty but it's all too confusing.
Hoping someone has a straightforward answer to help me out.
Thanks
Marie:-)


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