Years for which the principal residence exemption is applicable to a property

If you entered more than one principal residence, or if any is set to be sold, a button below your list of properties will allow you to resolve for the TIME MACHINE, which years if any in the past and future, will apply for the principal residence exemption so that it can calculate any applicable capital gains correctly. This will allow, as an example, planning to downsize to a lesser value retirement home in the future, but retaining the cottage and have that be the principal residence from that point until sold or turned into a rental property, and for the retirement home to be the last principal residence after that. They are minimum checks on this form, although it does check that there are no overlaps as only on property is allowed to be claimed for the principal residence exemption in any year. Make sure if you have had or plan to have changes in use of the property that the exemption is indeed allowable for the years indicated.

For each property, indicate the years for which the principal residence exemption is applicable, if any.

This is a comma-delimited list of years, and you can indicate a range of contiguous years with a hyphen between the first and last year

To indicate all years until death in the TIME MACHINE, add a hyphen to the last year in the list.

For example: