How the taxman could deem your house sold, even if you don't sell
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. For example, if you change the use of the property - from your home to a rental property - the CRA will consider this a "deemed disposition". If you stop being a resident of Canada, for tax purposes, this can also trigger the "deemed disposition" wi