TERMIUM Plus^®

Fiche 1,  Justifications,  Anglais

Record number: 1, Textual support number: 1 CONT

Principal residence exemption — When a principal residence is sold, the gain is not taxable if it has been the person's principal residence for the whole time it has been owned. This is because the principal residence exemption eliminates the capital gain. ... Canada Revenue Agency (CRA) usually considers that if there is more than 1/2 hectare (1.25 acres) of property, only 1/2 hectare of the land can be considered part of the principal residence, and there would be a capital gain on the excess when the property is sold, even if the rest is the principal residence.  2, fiche 1, Anglais, - principal%20residence%20exemption

Fiche 1,  Justifications,  Français

Record number: 1, Textual support number: 1 CONT

L’exemption pour résidence principale procure un allègement fiscal généreux aux contribuables canadiens [...] Aux fins de l’impôt canadien, [...] il y a des restrictions au sujet de la superficie de la propriété qui peut être couverte par l’exemption. Le chiffre magique est un demi-hectare.  2, fiche 1, Français, - exemption%20pour%20r%C3%A9sidence%20principale

Fiche 1,  Justifications,  Espagnol