Exclusive Sale: Newmarket downtown mansion Newmarket as the administrative center of York District, because of its outstanding community and cultural environment, in 190 Canadian cities was ranked 13th, and has been reelected three times as one of Canada's Top 25 most suitable for living. As the smallest municipality in GTA, it remains a closely integrated community that meets the needs of commercial, residential and recreational. So more and more people choose to live here a
It is that time of the year again, Tax! The shared article below may be helpful to some of you:
New Principal Residence Exemption Rules
1. All dispositions of principal residences must now be reported.
Previously, the CRA did not require taxpayers to report the sale of a principal residence when the principal residence exemption protected the full amount of the gain. However, for years that end after October 2, 2016 (i.e. including the 2016 taxation year), the CRA now requ