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claiming Canada principal residence exemption for recreational property

Due to the earlier ‘Principal Residence Exemption’ (PRE) tax rules, which did not require taxpayers to report the sale of the residence, many individuals claimed the PRE for multiple properties, which included recreational properties, such as cottage. This led the Canada Revenue Agency (CRA) to update the Canada Principal Residence Exemption (PRE) reporting requirements.  Taxpayers...

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With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.
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ABOUTAG Tax LLP
With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.
OFFICEVancouver
12752 28th Ave, Surrey, BC, V4A 2P4
OFFICEEdmonton
104–4220 98 St NW Edmonton AB, T6E 6A1

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