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49 - Newly Built Home A transfer of a newly built home. See Newly Built Home Exemption for more information about this exemption.
Permissive Tax Exemptions Property owned or held by a not-for-profit corporations. Art galleries or museums owned by charitable or philanthropic organizations. Property owned or held by a public authority but not eligible for a statutory tax exemption. Riparian or heritage property.
If you sold or if you were considered to have sold, more than one property in the same calendar year and each property was, at one time, your principal residence, you must show this by completing a separate Form T2091(IND) for each property to designate what years each was your principal residence and calculate the ...
When you sell your home, you may realize a capital gain. If the property was solely your principal residence for every year you owned it, you do not have to pay tax on the gain.
The principal residence exemption is not an automatic rule; to get the full exemption, you have to designate your home as a principal residence for all the years you lived in it by filing the appropriate form(s). Federally, the relevant form is the T2091; residents of Quebec also have to file the TP-274 form.