Meaning of beneficial ownership

2.80 ...The term beneficial ownership is used to describe the type of ownership of a person who is entitled to the...

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Meaning of housing unit

2.7 ...

• a housing unit... could include:
  • a house;
  • an apartment or unit in a duplex, apartment building or condominium;
  • a...

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Reporting requirement

2.15 According to section 2301 of the Regulations, a taxpayer’s designation of a property as a principal residence for one...

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No designation before ordinary habitation

2.29 If a taxpayer acquires land in one tax year and constructs a housing unit on it in a subsequent...

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Application

2.58 The above-mentioned deemed disposition rule applies where the partial change in use of the property is substantial and of a more...

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Limitation on change of use

2.61 If a taxpayer has completely or partially changed the use of property from principal residence to...

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Limitation on change of use

2.61 If a taxpayer has completely or partially changed the use of property from principal residence to...

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Example re distribution of residence

2.67 ...

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Example re transfer to spousal trust

2.71 ...

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CRA may accept late-filed principal residence designation

2.15.1 Under certain circumstances the Minister of National Revenue may accept a...

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Example 7.1

Personal Trust C is a family trust, the beneficiaries of which are Mr. C, his spouse and their two children who were specified...

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