Navigating the complexities of capital gains tax on your primary residence in Canada can be a crucial consideration for homeowners looking to sell their homes.

It's important to understand the implications of this tax, as it can significantly impact your financial situation.

In Canada, the principal residence exemption generally allows you to avoid paying capital gains tax when you sell your primary home.

This exemption applies to the home you have lived in as your main place of residence during the time you owned it.

However, there are certain scenarios where this exemption may not apply, and you could be subject to capital gains tax. - https://canadafocusguide.com/blog/capital-gains-tax-primary-residence-canada/?unique_id_es005mbb

Navigating Capital Gains Tax on Your Canadian Primary Residence