Our BLOG

We are pleased to provide a variety of resources on accounting, taxation, and other related subjects that we think you will find helpful to both individuals and businesses.

Browse through the Quick Tools resource menu then, if you have a question that isn’t answered, we can help to clarify your situation.

Simply contact us by email or give us a call at 905-252-6796. We would be happy to meet with you for a free, no-obligation consultation to discuss your unique situation.

Is Selling my Principal Residence Exempt from Tax

Tuesday, 27 December 2022

Rita Mabira

Income Tax CRA Personal Planning

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.

1558 Hits

0 Comments

Tags:

CRA reporting Tax Exemption Real Estate sale

Our BLOG

Is Selling my Principal Residence Exempt from Tax

Contact Us

Our Office

Directions

Links