Sentences with phrase «as your principal residence even»

Not exact matches

«Even though you may have a property that you consider to be your principal residence, such as the family home where you live most of the year, another property, such as a cottage or even a vacation property located outside of Canada, can be your principal residence,» he sEven though you may have a property that you consider to be your principal residence, such as the family home where you live most of the year, another property, such as a cottage or even a vacation property located outside of Canada, can be your principal residence,» he seven a vacation property located outside of Canada, can be your principal residence,» he says.

So, if you own and live in a detached or townhouse, a condominium, a cottage, a mobile home, a trailer or even a live - aboard boat, you can designate the property as your principal residence.

So rental properties, cottages, vacation properties, etc. may be subject to capital gains tax if they don't qualify or you don't elect to treat them as your principal residence — even if they're in another country.

Your property is still considered your principal residence (even it's used to earn income) as long as the revenue - generating portion of your home is not the main use of your home.

Even some houseboats or manufactured homes may count as principal residences.