I do the taxes for my in-laws who are elderly and on a pension. This info is extremely helpful however, I would also like to add that in 2019
they sold their Personal Use home Cottage to downsize to a condo. I followed the steps above and it worked well, but I also would like to ask for any expenses paid or split with new buyers example: municipal tax and school taxes, is that added as just other deductions?
If they received proceeds on the sale, will the sale of the house effect their pension compensation?
Thank you so much for your support
