Form T2091(IND), Designation of a Property as a Principal Residence by an Individual (Other Than a Personal Trust)
Use Form T2091(IND) to designate a property as a principal residence. This form will help you calculate the number of years that you can designate your home as your principal residence, as well as the part of the capital gain, if any, that you have to report. Complete Form T2091(IND) and include it with your income tax and benefit return in any of the following situations:
- You sold, or were considered to have sold, your principal residence or any part of it
- You granted someone an option to buy your principal residence or any part of it
Note
If you filed Form T664 or T664 (Seniors) for the property you are disposing of, you may be able to claim a capital gains reduction.
Completing your T2091(IND) and Schedule 3
Enter the amount of your capital gain from line 54 of the T2091(IND) on line 15800 of Schedule 3.
Forms and publications
- Guide T4037, Capital Gains
- Schedule 3, Capital Gains (or Losses)
- Form T1255, Designation of a Property as a Principal Residence by the Legal Representative of a Deceased Individual
- Form T2091(IND), Designation of a Property as a Principal Residence by an Individual (Other Than a Personal Trust)
- Income Tax Folio S1-F3-C2, Principal Residence
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