Whether you are buying, selling, or simply considering a move to the Ottawa area, we will be happy to speak with you. Peter & Patricia.
Starting for the taxation year of 2016, a home sale that took place after January 1, 2016 needs to appear on your income tax return. This is part of the changes that the Liberal government introduced with the new federal mortgage rules last October. As per our source, Global News, the changes would not affect your ability to claim the principal residence