Sold a home? Know your tax obligations

Sunday Mar 10th, 2019

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If you’ve recently sold a home, there are some things you need to know at this time of year. When you sell your own home (or principal residence) you usually don’t have to pay tax on any profit from the sale. But what you might not know is that even if you are entitled to the principal residence exemption, you need to report the sale on your income tax and benefit return. This became mandatory in 2016. It is also important to remember that on your tax return, you need to... [read more]

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