Your House is your Castle

I have written a guest blog entitled Your principle residence is tax exempt for Jim Yih on his Retire Happy Blog.

The blog is about claiming your principal residence exemption and what is required if you turn your principal residence into a rental property.

Thanks to Jim for providing a forum for my three guest posts; Big Brother (Canada Revenue Agency) is Watching, Tax Tips from a Blunt Bean Counter and the above blog on principal residences.

The blogs posted on The Blunt Bean Counter provide information of a general nature. These posts should not be considered specific advice; as each reader's personal financial situation is unique and fact specific. Please contact a professional advisor prior to implementing or acting upon any of the information contained in one of the blogs.