{"id":7584,"date":"2025-03-26T22:01:31","date_gmt":"2025-03-27T02:01:31","guid":{"rendered":"https:\/\/www.paulrioux.ca\/?page_id=7584\/"},"modified":"2026-05-25T09:52:17","modified_gmt":"2026-05-25T13:52:17","slug":"owners-sale-of-a-residence","status":"publish","type":"page","link":"https:\/\/www.paulrioux.ca\/en\/guide\/owners-sale-of-a-residence\/","title":{"rendered":"Sale of a residence"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779717227560{margin-bottom: 0px !important;}&#8221;]\n<h2 class=\"blog-single-title\">Fiscal and Financial Planning Guide 2024-2025<\/h2>\n<h3>Owners &gt; Sale of a residence<\/h3>\n<p>If you sold your home or cottage in 2025, this transaction must be recorded on your tax return.<\/p>\n<p>If you only have one home, the gain will generally be exempt from tax if you have owned it for more than one year. <strong>The transaction must still be disclosed, otherwise penalties will apply<\/strong>. It is important to provide us with the details of this transaction (acquisition year and sale price).<\/p>\n<p>In the case where you own more than one home (e.g., house and cottage) choices can be made upon a sale to exempt in whole or in part the gain or the other. Do not hesitate to contact your advisor to discuss the best strategy to adopt in this situation.[\/vc_column_text][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; icon=&#8221;mk-icon-arrow-left&#8221; url=&#8221;\/en\/fiscal-and-financial-planning-guide\/&#8221;]Back[\/mk_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779717227560{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 Owners &gt; Sale of a residence If you sold your home or cottage in 2025, this transaction must be recorded on your tax return. If you only have one home, the gain will generally be exempt from tax if you have owned it for [&hellip;]<\/p>\n","protected":false},"author":124,"featured_media":0,"parent":7402,"menu_order":50,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-7584","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sale of a residence | Paul Rioux CA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paulrioux.ca\/en\/guide\/owners-sale-of-a-residence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sale of a residence | Paul Rioux CA\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779717227560{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 Owners &gt; Sale of a residence If you sold your home or cottage in 2025, this transaction must be recorded on your tax return. 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