As per our TurboTax article: Changing Your Principal Residence In Canada, if you sell property for more than you paid for it, your profit is usually subject to capital gains tax. Your PR, however, is usually exempt from capital gains rules. If you’ve made a tidy profit from the sale of your PR, all you’ll need to do is report the sale details on your tax return. As long as your home was your principal residence for the entire time you owned it, your profit will not be taxed.
All the information the Canada Revenue Agency (CRA) requires is in the return's questions as required.
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