Important Changes to the Principal Residence Exemption

On October 3, 2016, Finance Minister Morneau announced new measures to address the housing market, with the intention of improving fairness and integrity of the tax system as it relates to the principal residence exemption. The changes include new reporting requirements, modifications to the calculation of the tax-free amount for individuals based on a residency requirements, and an extension to the period in which a reassessment may occur.

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What’s Sandi reading?

Sandi Martin reads a lot – and she tells everyone which ones were the best every month.  Starting in January, we will be sending you her reading list directly (if you’ve signed up for our email newsletter).  In the meantime, here’s a sneak peek:

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