New Rules - Reporting Principal Residence Exemption
New Rules - Reporting Principal Residence Exemption
I may have missed this elsewhere but CRA has announced that effective Jan 1, 2016, all principal residence exemptions will have to be proactively claimed to avoid penalties et al. A very good move really. May help catch some of those slimeys not reporting investment property gains.
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Re: New Rules - Reporting Principal Residence Exemption
Thanks. I bookmarked it.
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Re: New Rules - Reporting Principal Residence Exemption
And used to update the principal residence exemption section of Capital gain - finiki, the Canadian financial wiki.
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Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams