Principal residence exemption: Learn to analyze and determine

Explore the criteria for both qualifying and claiming the principal residence exemption and what should be filed when claiming it.

Event Details

Location and date:
Online On-Demand Event

We have seen a number of Canada Revenue Agency (CRA) challenges as to whether the disposal of a capital property is a principal residence or not. It now appears CRA has expanded their project in this area. Based on the flipped classroom model, this webinar will help you in determining if a property is a principal residence, as well as determining whether a transaction is on capital or income account.

Additional options and pricing may be available. See pricing and registration for more details.



$175.00

4 CPD hour(s)
Pricing & registration

You will learn about:

  • the known aspects of this CRA project
  • how subsection 40(2), the capital limitation on the disposition of a principal residence, works
  • the definition of a principal residence for both federal tax and GST/HST purposes
  • how to analyze the facts to determine if a property is a principal residence
  • a basic determination of how to elect a principal residence where there are two or more eligible properties
  • CRA policy per Income Tax Folio S1-F3-C2: Principal Residence
  • recent pronouncements about a principal residence from CRA
  • recent tax court decisions related to a principal residence
  • capital versus income transactions
  • determining whether the disposal of a capital property is a principal residence or not

More Details:

Speakers/Presenters

Contacts

Please contact:

CPA Canada Professional Learning and Development Customer Service
Tel: 1-888-337-3242
Email: pld@cpacanada.ca

Highlights

Canada is celebrating its 150th anniversary. We’re celebrating you, Canadian CPAs. Tell us why you’re proud to be a Canadian CPA. Then watch for our big celebration in July.

Gain practical organizational insights and learn from industry experts at this annual event for not-for-profit financial leaders.