Reporting your 2016 home sale on your tax return
March 26th, 2017
Did you sell your home in 2016? You will need to report that information on your tax return. Seem like brand new information? It is. In October 2016, the Finance Minister announced changes to the tax reporting requirements for capital gains earned from the sale of your principle residence. Here is what you need to know.
What is a principle residence?
A principle residence is a residen ...