New Rules - Reporting Principal Residence Exemption

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AltaRed
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New Rules - Reporting Principal Residence Exemption

Post by AltaRed » 27 Nov 2016 19:24

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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longinvest
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Re: New Rules - Reporting Principal Residence Exemption

Post by longinvest » 27 Nov 2016 19:29

Thanks. I bookmarked it.
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Re: New Rules - Reporting Principal Residence Exemption

Post by Peculiar_Investor » 13 Dec 2016 20:47

And used to update the principal residence exemption section of Capital gain - finiki, the Canadian financial wiki.
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