Blog

New Rules from CRA about reporting the sale of your principal residence


Why you have to report the sale
For the sale of a principal residence in 2016 and subsequent years, we will only allow the principal residence exemption if you report the disposition and designation of your principal residence on your income tax return. If you forget to make this designation in the year of the disposition, it is very important to ask us to amend your income tax return for that year. Under proposed changes, we will be able to accept a late designation in certain circumstances, but a penalty may apply.

If you have any questions regarding this new CRA information please don’t hesitate to give me a call 604-590-4888.

2nd Annual Boundary Park Garage Sale

It’s that time of year! We are having our 2nd Annual Boundary Park Garage Sale on April 8, 2017!
This is your chance to get your spring cleaning under way! You’ll be entered in a SPECIAL DRAW for registering your home. It will be a day of fun for the whole community! Email leah@leahbach.com to register. You can also find our Facebook/Instagram page ~ by typing in @leahbachrealtor

2nd Annual Sunshine Hills Garage Sale

It’s that time of year! We are having our 2nd Annual Sunshine Hills Garage Sale on April 1, 2017, (no joke)! This is your chance to get your spring cleaning under way! Sell what you can and leave the rest for curbside collection. Sunshine Hills Spring Cleanup is April 6!
We will provide signage for you, and you’ll be entered in a SPECIAL DRAW for registering your home. It will be a day of fun for the whole community!  Email leah@leahbach.com to register. You can also find our Facebook/Instagram page ~ bytyping in @leahbachrealtor