Second Home and principal residence

T1
7

Generally true.

Updated on 2017-12-14 with Bill C-63

Refer to Income Tax Folio S1-F3-C2, Principal Residence for more details

https://www.canada.ca/en/revenue-agency/services/tax/technical-information/income-tax/income-tax-folios-index/series-1-individuals/folio-3-family-unit-issues/income-tax-folio-s1-f3-c2-principal-residence.html

The ordinarily inhabited rule

Designation of a property as a principal residence

More than one residence in a tax year

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