Dannielle Siewertsen’s Post

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Financial Advisor in Oak Bay, Victoria BC | Comprehensive Financial Strategies | Retirement | Insurance | Education Savings | Investing

There are some conditions you must meet for your home to be considered your principal residence for tax purposes. For example, you must own it and primarily live there. If you’re planning on selling your home soon, let’s discuss the principal residence exemption and determine if you qualify.

Principal residence defined (for tax purposes)

Principal residence defined (for tax purposes)

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