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rental property

1 Loophole 🇨🇦 Canada

Loopholes Tagged "rental property"

Plain-English guides to Canadian legal rights and workarounds related to rental property.

Hard If You Pay Taxes

Principal Residence Change-in-Use Election — Protect Capital Gains When Converting Your Home to a Rental

When you convert your principal residence to a rental property (or vice versa), you can elect under s.45(2) to defer the deemed disposition and continue designating the property as your principal residence for up to 4 more years.

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