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Tag Archives: housing

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How Capital Gains Tax Strategies Change Under the New 2016 Rules

Tax TipsBy Canwest AccountingNovember 29, 2016

For most Canadians, the new requirement to report the sale of a principal residence will be nothing more than a compliance exercise—but one shadowed by the threat of unrestricted audits and sizeable penalties. To help you negotiate through the new reporting rules, please see the 8 questions you have about principal residence tax rules. But…

sale of house

Reporting the sale of your principal residence for individuals (other than trusts)

ArticlesBy Canwest AccountingNovember 22, 2016

On October 3, 2016, Canada’s Federal Government announced an administrative change to Canada Revenue Agency’s reporting requirements for the sale of a principal residence. When you sell your principal residence or when you are considered to have sold it, usually you do not have to report the sale on your income tax and benefit return…

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  • Tax Tips
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