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esam70
New Member

Can a foreign property be designated as Principal Residence? How is "ordinarily inhabited" defined?

 
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Can a foreign property be designated as Principal Residence? How is "ordinarily inhabited" defined?

Yes, a foreign property be designated as Principal Residence. This Canada Revenue Agency (CRA) page discusses the ordinarily inhabited rule: https://www.canada.ca/en/revenue-agency/services/tax/technical-information/income-tax/income-tax-fol...