In which year should the sale of a principal residence be reported when the offer date and sale happens over the year end? The client put the house up for sale in December 2022 and had an accepted offer before the year end. But the actual closing date was in January 2023. Also she had started living in her new place in December as well.
In that Folio at paragraph 2.15 it says āgranted an option to purchaseā so I would understand that to mean an accepted offer. Am I correct on that?
Thanks, Iāve always used the closing date as well just want to be sure and not be caught out if the property should have in fact been reported to CRA in 2022. Also the wording in that folio āoption to purchaseā was making me question