Search found 1 match
- Mon May 06, 2024 5:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: US and Canada Tax questions on sale of a US House
- Replies: 15
- Views: 7474
Re: US and Canada Tax questions on sale of a US House
Regarding claiming the U.S. property sale as a primary residence in Canada, the CRA has its own rules regarding the Principal Residence Exemption (PRE). Generally, the PRE applies to Canadian properties that are ordinarily inhabited by the taxpayer or their family. It may not be applicable to a prop...