☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 23, 2025 9:32:03 AM

I sold my principle home in 2024. It was never a rental or income property. Do I need to input information from this sale into my taxes?

I bought when prices were low and sold high.

0 1 270
1 Replies
Moderator
Mar 23, 2025 11:44:45 AM

Yes. Since 2016, the Canada Revenue Agency (CRA) requires the sale of a principal residence to be reported on your income tax return. This TurboTax Canada FAQ tells you how: How do I report the sale of my home (principal residence)?