KWB Blog

The latest financial news and accounting tips from KWB.

Apr 3 2018
Changes to the Principal Residence Exemption

The Canada Revenue Agency (CRA) made a major change to the Principal Residence Exemption that affected Canadians when filing their 2016 tax returns. Regardless of whether the sale is exempt or not, individuals are now be required to report the sale of their principal residence on their personal tax return. Under the Principal Residence Exemption […]