Selling Real Estate : Principal Residence Exemption, Assignment Sales, Property Flipping & Tax Reporting Essentials

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120 Minutes

Selling real estate in Canada can trigger major tax implications — especially when it comes to determining whether your property qualifies for the Principal Residence Exemption, or if your sale might be considered flipping or business income by the CRA.

This webinar is designed for homeowners, real estate investors, and tax professionals who want to understand the tax treatment of different types of real estate sales — including assignment sales, capital gains, and reporting requirements.

Whether you're selling your family home, flipping a property, or assigning a pre-construction contract, this session will help you stay compliant and reduce surprises come tax time.

Professional Development

PD Credit Opportunity

2PD Credits

By attending, participants will earn 2 Professional Development (PD) credits per session. This is a valuable opportunity to expand your knowledge, fulfill your annual PD requirements, and strengthen your professional skills in taxation and compliance.

Curriculum

What You Will Learn in This Webinar

1
Principal Residence Exemption (PRE)
  • What qualifies as a principal residence.
  • How to report a sale on your tax return.
  • Common mistakes and how to avoid losing the exemption.
2
Assignment Sales Explained
  • What is an assignment sale and how it's taxed.
  • HST/GST implications.
  • When CRA treats it as business income vs capital gain.
3
Property Flipping Rules & CRA Guidelines
  • What qualifies as a flip in CRA’s view.
  • New anti-flipping rules (e.g. 12-month ownership rules).
  • How frequent sales can lead to business income classification.
4
How to Report the Sale on Your Return
  • Which forms to use (e.g. Schedule 3, T2091).
  • When HST applies.
  • How to calculate and report capital gains or business income.
On-Demand Access

Important Note – On-Demand Webinar Access

3Months Access

This notice applies only to On-Demand Webinar purchases.

Your On-Demand Webinar will be available for 3 months from the date of purchase. During this access period, you may watch the webinar as many times as you like.

Once the 3-month access period ends, your webinar link will automatically expire and will no longer be accessible. If you do not watch or complete the webinar within the allotted time, you will need to purchase the On-Demand Webinar again to regain access.

Expert Guidance

About Our Speaker

Amit Patel
Amit Patel
  • Specialized in Personal and Business Tax Returns.
  • Over 10 years of teaching experience.
  • Known for simplifying complex tax topics into practical, real-world advice.
Real attendee feedback

What Attendees Are Saying About Our Webinars!

Practical sessions, clear explanations, and examples attendees can use right away.

Terry Brown

June 19, 2025

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I have a few years to file and had no idea where to start. Can't afford an accountant. I feel better prepared to jump in now.

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The presentation was very good and It provided a great refresher with many great examples