Published: March 4, 2020
Last Updated: April 16, 2020
If you’re planning to move out of Canada and you’ll be selling your house, try to make the sale while you’re still a Canadian resident. That way, you’ll still be able to claim the principal residence exemption and avoid paying tax on the capital gain that will arise.
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."