Principal Residence Exemption – 2016 Reporting Requirements
Principal Residence Exemption – 2016 Reporting Requirements For the 70% of Canadians who own a home, it is a place to live, raise a family, and connects them to their community. Due to Canada’s tax system’s Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed. This tax break … Read more