Is Statement of Real Estate Rentals to be filled for Principal Residence?

[OurRealtor]

T776 - Statement Of Real Estate Rentals

If its not required then how can we describe equipment additions or dispositions ? Or is it just for other rental and investment properties. How if the properties are located outside present state of living.

 

[Thomas Beyer]

[quote user=OurRealtor]Or is it just for other rental and investment properties.indeed !



No taxes payable on any gain in your principle residence, hence no need to file anything or claim expenses or CCA.