Because of the principal residence exemption, you do not have to pay tax on any gain from the sale when you sell or are regarded to have sold, your home. This is the case if the property was only your principal residence for each year you owned it.
For more information, please see our TurboTax article. Selling Your Canadian Principal Residence
Thank you for choosing TurboTax
cleo2218
New Member
HikingBasher70
New Member
guy-robert
New Member
kkarpluk87-gmail
New Member
billsim11
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.