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incometax8905
February 18, 2022
Question

Capital gains exemptions

  • February 18, 2022
  • 1 reply
  • 0 views
Is there a capital gains exemption when a second home is sold that was not a vacation home or a rental property and it was bought to assist an adult child with a learning disability and at a time of need.

    1 reply

    A
    Acc1234humber
    February 18, 2022

    Unfortunately, the information is unclear about the use of a second residence for an adult child being eligible for a capital gains exemption. To get clarification about this, we suggest you Contact the Canada Revenue Agency.

     

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