Principal Residence Exemption
The principal residence exemption is more complex than ever. This 2-hour session will provide a comprehensive resource on the rules, leading cases, and CRA views.
Basic requirements
Choices (house vs cottage)
Foreign properties
Change in use
Determining cost
Rules for ownership by trusts
Flipped property rules, a new complexity
This seminar is now available on-demand, your registration includes the CPD Certificate at completion.
FCPA, FCA, FTIHK, CTA, TEP (EMERITUS) | Managing Partner
Michael Cadesky is the managing partner at Cadesky Tax and a committed contributor to the tax and accounting professions since 1980, earning the title of Fellow from CPA Ontario. He is a past governor of the Canadian Tax Foundation, past chair of STEP Canada and STEP Worldwide, and past chair of the CPA Canada Tax Committee for Small and Medium-Sized Enterprises. Michael is also the co-author of 11 books on tax subjects and the author or co-author of numerous papers and articles on Canadian and international taxation.
CPA, CA, TEP
Hugh Woolley is an independent tax consultant who has taught income tax for over 30 years for a number of different professional organizations. Hugh has written courses for CPA Canada and over 10 papers for the B.C. Tax Conference as well as papers for the CTF’s National Tax Conference and STEP Canada’s National Conference. From 1990–1992 he worked at the CRA’s Rulings Directorate in Ottawa writing “butterfly” tax rulings. Hugh is a past Governor of the Canadian Tax Foundation.