Principal Private Residence (Canada)
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Definition of 'Principal Private Residence (Canada)'
The home in which a Canadian taxpayer or family maintains its primary residence. A family unit can have only one principal private residence at any given time. In order to qualify, the house must be owned by the taxpayer or couple, or inside a personal trust.
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Investopedia explains 'Principal Private Residence (Canada)'
The principal private residence is exempt from capital gains tax. Virtually any type of physical residence qualifies, including houses, apartments, duplexes, cottages, houseboats, trailers or mobile homes. The land on which the dwelling sits also qualifies for the exclusion, within certain limits.
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Search results for 'Principal Private Residence (Canada)'
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http://www.investopedia.com/articles/mortgages-real-estate/08/tax-deductible-mortgage-canada.asp
... tax code is slightly different than in the US One main difference is that the interest
on a mortgage for a principal private residence in Canada is not tax ...
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http://www.investopedia.com/articles/mortgages-real-estate/08/short-sell-home-avoid-foreclosure.asp
... in your home arises if you have private mortgage insurance ... be taxable if the discharged
debt is on their principal residence. ... Maternity Leave Basics: Canada Vs ...
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http://www.investopedia.com/articles/insurance/10/understanding-lender-required-flood-insurance.asp
... insurance policies are issued by private insurance companies ... insurance will cost
for your residence specifically, complete ... If the principal amount of a loan is ...
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