I changed my primary residence to a rental property for 9 months and then sold it - is it still considered a primary residence?

[Ari]

How do I treat a primary residence which I rented for 9 months and then sold? do I need to report capital gains for it? can I file a 45(2) election, to treat the original house as my principal residence and if so how do I do that in ufile?

[clw]

Yes, election of section 45 (2) is handled by a letter explaining that you wish to apply this to your residence. Upload this letter to your CRA workspace before netfiling your return. Then complete the sale of principal residence dialog in Ufile; section 1 of the T2091 should be completed.  Note that you report years of acquisition and sale, designated years and price sold, so there should be zero as capital gains in T2091/ TP274.

[Geo123]

Hello,

FYI :

Changing all your principal residence to a rental or business property :

Describe the property and state that you want subsection 45(2) of the Income Tax Act to apply.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/changes-use/changing-your-principal-residence-a-rental-business-property.html