mrq2

Thanks for the informative answers.

Thanks BLSM

Condo was rented out until July 1, 2021 and then sold August 12, 2021. Can I claim expenses (condo fees, mortgage insurance, property tax, and condo insurance) for the month of July and half of August (time needed to repair, paint then sell)?

Thanks again.

Thank you for the knowledgeable reply. Never claimed CCA. When I designate the sale as a principle residence at the bottom of the page it asks “Change in use of property and election under section 284 or 286.1". Since this election was done for the 2020 tax year, what should I answer for the 2021 tax year (now that it's sold) - Yes, No, or leave blank?? If YES, do I put the "from" to 2020 (election made) and the "to" to 2021 (sold)??

Capital gains - Personal use property My niece (lives in Quebec) made an election 45(2) federally or for Quebec election 284 last year-2020. She sold in 2021. Do I say yes to “Change in use of property and election under section 284 or 286.1” this year 2021? History: 2012 to 2020 Principal Residence 2020 change of use to income producing. Made election 284 Quebec and 45(2) federally 2021 sold

Bought a condo in 2013 and lived in it until 2017 when I rented it out (bought another condo to live in). I did not declare a change in use at the time (Did you sell a principle residence in 2017 = NO). I always thought, until now, this hole issue of capital gains and when there was a change of use would be settled when I decide to sell that condo in the future. I declared all my rental income. I live in Quebec. How do I now make this right?? What are my options?? Thanks