Capital Gains Tax Strategies Change Under New Tax Rules

How capital gains tax strategies change under the new tax rules

For most Canadians, the new requirement to report the sale of a principal residence will be nothing more than a compliance exercise—but one shadowed by the threat of unrestricted audits and sizeable penalties. To help you negotiate through the new reporting rules, please see the 8 questions you have about principal residence tax rules. But for families with more than one property as well as real estate investors, this new requirement may introduce a few wrinkles into the more common capital gains strategies used to minimize the amount of tax owed to the CRA.

To help you maximize the capital gains tax strategies under this new reporting requirement, here are eight tips and suggestions