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Principal Residence Exemption: Which property should you claim?

House

Jul 16, 2024
The Principal Residence Exemption allows you to eliminate capital gains tax when you dispose of a property. But if you own more than one property, which one should you designate as your principal residence? Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to discuss factors to consider in your decision as well as some ways you can maximize the Principal Residence Exemption....