172017Jan
Principal Residence Exemption
Did you sell a home in 2016? Canada Revenue Agency now requires you to report the sale on your personal income tax return regardless of whether it was a principal residence or not. The sale of a principal residence continues to be exempt for income tax purposes but reporting the sale is now mandatory.
http://www.cra-arc.gc.ca/gncy/bdgt/2016/qa11-eng.html