CRA Requirements on Real Estate

Real Estate

CRA Requirements on Real Estate

Your Principal Residence. Canada Revenue Agency (CRA) Requirements. In recent years, the Canada Revenue Agency (CRA) has required further disclosures when you sell your principal residence. Prior to 2016, the CRA required reporting, but the requirement was more honoured in the breach. During 2016, the housing markets in Vancouver and Toronto exploded. Stories emerged of …

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