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Hello Everyone, today I would like to inform you of an update regarding the sale of one’s principal residence. As you may already be aware, the sale of one’s principal residence in Canada is exempt from capital gain tax, because of this there generally hasn't been a reason to report the sale, but the rules have changed for the 2016 return and onward.
RN Mabira Professional Corporation
Accounting Services
112 Violet St.
Barrie, ON L4N 9M8
Phone: (905) 252-6796
