🏡 What Happens to Your Money When You Sell Your House in Retirement | Canadian Finance With Nathan
You sell your home for $650,000 — so why does only a fraction of that ever reach your bank account?
In this video, Nathan follows the cheque through all five “gates” it passes on the way from the sold sign to your account: the real estate commission, the legal and discharge costs, the principal residence exemption paperwork, the physical move, and the tax on your next home. Then we answer the harder question: what a retiree should actually do with a few hundred thousand dollars that arrives all at once at 70.
Most Canadians only ever hear the sale price. Almost nobody hears what actually lands six weeks later — or that one skipped CRA form (T2091) can quietly turn a tax-free sale into a taxable capital gain years down the road. By the end, you’ll know exactly what downsizing really puts in your pocket, and the three ways a smart retiree can use it.
Legal Disclaimer:
The content in this video is for general informational and educational purposes only. It does not constitute financial, tax, legal, or investment advice.
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Each video on this channel takes a lot of time to write, narrate, and animate with care.
Yes, I use AI tools to help with voiceovers and visuals, but every message, script, and idea is crafted with intention and love, so you can understand money clearly and feel empowered to change your life.
Thank you for being part of this project. 💛
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