Land in Excess of One-half Hectare: Principal Residence Exemption
The definition of a principal residence limits the amount of land that qualifies for the principal residence exemption to half a hectare unless the taxpayer establishes that the excess land was necessary for the use and enjoyment of the housing unit as a residence. In a January 28, 2022 Technical Interpretation, CRA reiterated that it is a question of fact… Read more »