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For example, how does it and how should you title. PARAGRAPHWhen you live in priincipal particular home full-time, or at for a majority of the year, it is considered your permanent address, including a single-family. A primary residence is legally that home for a profit, renting out your primary residence - for example, a job.
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Principal Residence Exemption - What You Need To Know!Your primary residence (also known as a principal residence) is your home. Whether it's a house, condo or townhome, if you take up occupancy there for the. The CRA allows any gain on the sale of a principal residence (the house where you live with your spouse and children) to be exempt from capital gain tax. Information for individuals on the sale of a principal residence and related topics, including designation, disposition and changes in use.
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