CRA indicates that post-2015 principal residence dispositions must be reported on a revised Schedule 3

CRA has revised its Folio on the principal residence exemption to state:

Beginning with the 2016 tax year, taxpayers who sell their principal residence are required to report certain basic information with their tax return. Where the property is designated as a principal residence for all the years it was owned, the designation form for individuals (other than trusts) for the 2016 tax year is Schedule 3 of the T1 income tax and benefit return (which is revised for this purpose). The information required includes the address of the property, the date it was acquired and the amount of the proceeds of disposition. This reporting is necessary in order to claim the full principal residence exemption.

Neal Armstrong. Summaries of S1-F3-C2 under s. 54 – principal residence, Reg. 2301, s. 40(2)(b), s. 45(1)(c), s. 13(7)(b), s. 13(7)(e), s. 40(7) and s. 40(4).