If the sale price of the Resort Home is more than the original purchase price, capital gains tax will be payable. At present in Canada, this would equate to approx. 25% of the total gain. Involved costs (e. g. mortgage interest costs, sales costs) are deductible. A system of a 25% withholding tax will be made of the sale price by the Revenue Canada whilst they assess the capital gain. This is generally held back for a period of ca. 30-60 days.