Real Estate Investment Canada

Will I Pay Capital Gains on Home Sale in Canada?

I inherited some money and bought a home in my third year of University. I lived there for two years while I finished my undergrad and had all my bills (gas, hydro, phone, credit card, and cable/internet) delivered to my house. However, I did not change the address listed on my driver's lisense or Social Insurance Number because I knew my time there would be relatively brief. Does this mean I will have to pay capital gains on the house now that I am selling it, or is that enough proof that I did in fact reside there?

Public Comments

1. You will not have to pay captial gains, you have owned over 2 years.