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Buying & Selling Real Estate

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Jan Walczak
  • Investor
  • Toronto, Ontario
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(Toronto/Ontario) Selling property as principal residence proof

Jan Walczak
  • Investor
  • Toronto, Ontario
Posted Nov 22 2019, 05:57

Hi everyone,

I'm considering selling one of my properties next year but would like to sell as principal residence to avoid capital gains tax. What documentation/proof do I need to provide CRA as means of proof? 

Ex.

- drivers license

- bills (gas/hydro)

Of course I would have to move in to this property as well. Could I still have a lease and tenants living with me?

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