tax credit

Tax Season! Important Tips for Divorcing Families!

Brett Coleman 1. The “Principle Residence Exemption” In the past, so long as the entire sale proceeds of a taxpayer’s family home were sheltered by the “principal residence exemption”, Canada Revenue Agency (“CRA”) accepted that the sale did not have to be reported on their tax return. However, on October 3rd, 2016, Finance Minister Morneau [...]

2017-03-27T15:20:14-06:00March 27th, 2017|