Tax Tips for Homeowners: Principal Residence Exemption 3 Credits
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There has been a dramatic increase in litigation cases in individuals trying to claim the principal residence exemption. This rise indicates that taxpayers were trying to take advantage of this incentive to buy a home and put tax-free money in their pockets.
This insightful webinar delves into the Principal Residence Exemption (PRE) and its critical applications in property taxation. We explore real-world scenarios, including Mr. BoBo's case, to illustrate how PRE can affect capital gains and the conditions under which it applies. The CPD Course covers essential topics such as the impact of PRE on capital gains, the limitations for properties not designated as principal residence during specific years, and the strategic use of section 45(3) elections.
We also address the evolving rules for trusts post-2016, highlighting significant changes that impact how trusts can claim PRE. The discussion includes an overview of the new requirements for designating properties as principal residences within personal trusts and the important considerations for specified beneficiaries. The webinar concludes by thoroughly examining HST considerations related to residential properties, including new housing rebates, renovation treatments, and mixed-use properties.
Key topics covered:
Join us to gain valuable insights and practical knowledge to navigate the complexities of PRE and HST in real estate.
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Valid upto : Aug 25, 2026
Valid upto : Aug 25, 2026
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
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