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principal residence tax tips by manning_elliott

Varing Magazine: Principal Residence Tax Tips

By Varing Group | June 30, 2020

PRINCIPAL RESIDENCE TAX TIPS Varing Magazine article PRINCIPAL RESIDENCE TAX TIPS One of the largest tax breaks Canadians have is the ability to claim the principal residence exemption (“PRE”) on the sale of their homes. The principal residence exemption provides a homeowner with an exemption from tax on the capital gain realized when they sell…

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