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March 23, 2023
Question

What if I claimed the exemption for the sale of principle residence in 2021 and sold my next principle residence again in 2022. How do I avoid claiming same for 2022?

  • March 23, 2023
  • 1 reply
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What if I claimed the exemption for the sale of principle residence in 2021 and sold again in 2022?

    1 reply

    TurboTaxSusan
    March 31, 2023

    If you sold your principal residence in 2022, then you have to report it. If the CRA contacts you regarding claiming the sale of your principal residence two years in a row, just explain your reasons to them.