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if you won't rent out new house before sold it,

zhb10(zhb10)

then designate old house to 2019, from 2006 to 2019 owned 14 year, plus 1 = 15, old house owned 15 years, 15/15=1, no capital gain, designate new house from 2020. if you sell new house in 2030, from 2020 to 2030 total 11 years, plus 1 =12，owned from 2019 to 2030 = 12 years, 12/12 = 1 no capital gain.

(#13563389@0)
Last Updated: 2021-3-9
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枫下家园 / 钱财税务 / 请教一下自住房转出租房的报税问题：Bought the new house in October 2019, -lhq2000(阿伟); 2021-3-9 {454} (#13563213@0)
then rent out the old one in April 2020. The old house as principal is 2006-2018=13yr+1（PLUS ONE RULE）=14, the new house as principal 2019-future. The old house owned from 2006-2020=15yr. If so, there’s One year for capital gain. Is there a way to avoid this? Supposing the new house is bought in December 30, it is impossible to sell the old house in same year. In this scenario, how to figure out the number in T2091 to get both tax exempted? Thanks

if you won't rent out new house before sold it, -zhb10(zhb10); 2021-3-9 {302} (#13563389@0)
then designate old house to 2019, from 2006 to 2019 owned 14 year, plus 1 = 15, old house owned 15 years, 15/15=1, no capital gain, designate new house from 2020. if you sell new house in 2030, from 2020 to 2030 total 11 years, plus 1 =12，owned from 2019 to 2030 = 12 years, 12/12 = 1 no capital gain.

太感谢你了！就是担心如果不把2019年新买的指定为自住房，会不会有问题，比如补交HST什么的？ -lhq2000(阿伟); 2021-3-9 (#13563482@0)

没有指定为自住房，不表示没住进去。如果住进去，才是自住房，就不用指定自住房了。 -zhb10(zhb10); 2021-3-9 (#13563535@0)

T2091要夫妇两个都填吗？如果是，是否Proceeds,ACB要除以2？ -lhq2000(阿伟); 2021-3-9 (#13563837@0)

Taxable capital gain=(P of D-ACB-selling cost)/2 -zhb10(zhb10); 2021-3-9 (#13563874@0)

自住房capital gain不交税。 -zhb10(zhb10); 2021-3-9 (#13563881@0)

见图。我这里拥有15年，选择自主14年，然后用了Plus ONE之后，最后Capital Gain is zero. 问题是Line 8 and Line 10里的数字要除以二吗？我们俩个都要填吗（25万买的，549，000卖的）？谢谢 -lhq2000(阿伟); 2021-3-9 {58} (#13563914@0)

既然我必须填这些信息，数字应该是除以二之后的。 -lhq2000(阿伟); 2021-3-9 {403} (#13563969@0)
If there is more than one owner, each will report the sale on Schedule 3 and the T2091, using only their share of the proceeds and cost basis when this information is required. For instance, when a home is owned jointly by a couple and each owns 50%, each will report 50% of the proceeds on Schedule 3 or the T2091, depending on the taxation year, and depending on whether this information is required.
https://www.taxtips.ca/filing/principalresidence.htm
没有明白Line11,12,13 是什么时候填？ -lhq2000(阿伟); 2021-3-10 (#13564357@0)

if you won't rent out new house before sold it,

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