Reporting the sale of real estate and claiming the principal residence exemption

On October 3, 2016, the government announced proposed income tax measures designed to improve tax fairness and integrity in the Canadian housing market. These measures will ensure that the principal residence exemption is available only in appropriate situations. The announcement also includes measures to improve reporting by all taxpayers of the sale or disposition of real estate.

• Reporting the sale of your principal residence for individuals (other than trusts)
• Proposed changes for claiming the principal residence exemption
• Proposed changes to improve reporting of the sale or disposition of real estate

Date modified:

2016-10-03