What can be a principal residence?

Any of the following types of housing units can be a principle residence:

  • a house;
  • a cottage;
  • a condominium;
  • an apartment in an apartment building;
  • an apartment in a duplex; or
  • a trailer, mobile home, or houseboat.

A leasehold interest in a housing unit or a share of the capital stock of a co-operative housing corporation can also be a principle residence.

Land of which a housing unit is situated can qualify as part of a principle residence.

A property has to meet certain conditions to be a principal residence.

Non-resident tax on rental income

Proccounting help non-residents apply for certificate of compliance when selling taxable Canadian property

Additional information