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March 23, 2025
Question

I sold my principle home in 2024. It was never a rental or income property. Do I need to input information from this sale into my taxes?

  • March 23, 2025
  • 1 reply
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I bought when prices were low and sold high.

    1 reply

    TurboTaxSusan
    March 23, 2025

    Yes. Since 2016, the Canada Revenue Agency (CRA) requires the sale of a principal residence to be reported on your income tax return. This TurboTax Canada FAQ tells you how: How do I report the sale of my home (principal residence)?