New rules about principal residences and tax exemptions from the Canadian Revenue Agency, that came into effect in 2016, mean you could end up paying more tax on your properties.
And that applies even if you don't sell your house.
When you visit your accountant to do your tax return this year, a new rule may have a big impact. The federal government announced a change in 2016 that means the sale of a principal residence must be reported on Schedule 3 of the tax return, in order to claim the prin...
