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What does principal residence mean?
February 8, 2024
6:51 PM
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Credits and deductions
As per the Canada Revenue Agency (CRA): Your principal residence can be any of the following types of housing units:
- a house
- a cottage
- a condominium
- an apartment in an apartment building
- an apartment in a duplex
- a trailer, mobile home, or houseboat
A property has to qualify to be a principal residence.
A principal residence is usually the residence you choose to live in.
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February 9, 2024
5:41 AM