Dawburg
New Member

Principal residence

Hello I have a question concerning a change of principal residence. I have bought and designated my principal residence in Victoria BC. I also still own my old principal residence in Ontario. Do I need to mark that I "sold" or disposed of my old Ontario residence at fair market evaluated value?

Troubleshooting

Are you renting out the property in Ontario?

 

 

 

Dawburg
New Member

Troubleshooting

No not renting it out, we have used it as summer home in 2024 and this year. Will be trying to sell it this year or next.

Troubleshooting

@Dawburg You will report it the year you will sell it.