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Apr 01, 2023 6:00 pm
Hi Allan,
Last year( Sept2022) I rented out my principal residence(town house) and moved to another house (detached single house) which is now my primary residence. So wondering how do I claim Principal residence Exemption on my townhouse which is deemed to be sold to myself and purchased by myself. I did FMV of my townhouse in Aug 2022. which forms need to be submitted to CRA.
Please give some advice.
Thanks
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Apr 17, 2023 9:11 pm
Please complete Form T2091 and Schedule 3 with your 2022 tax return and claim the Principal Residence Exemption.