In proceeding with this 3rd party renting, will CRA consider renting my primary residence as a "Deemed Disposition"? Will I be subject to capital gain liability? Is there an election to differ payment of this tax liability from this deemed disposition?
Thank you for your comments..
In proceeding with this 3rd party renting, will CRA consider renting my primary residence as a "Deemed Disposition"? Will I be subject to capital gain liability? Is there an election to differ payment of this tax liability from this deemed disposition?
I will look into the CRA link shortly,
Got to go.