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[Music] hi Im Debbie Peveril and youre listening to the weekly tip from painless financial trading group today Im talking about reporting the sale of your house on your tax return Canada Revenue Agency is deeply interested in where you live and how many properties you own at the same time since 2016 weve had to report the sale of our homes our principal residences on our personal income tax returns if theres a gain on the sale of a principal residence it is not taxable if it was your principal residence for all the years that you owned that property however you do need to report the sale on your personal income tax return in order to use this exemption if youve only ever owned one home at a time and youve never rented any part of the home to other people then you will not have to pay any income tax on the gain on selling your house if you have more than one property at a time or youve rented that property you may have to prorate this principal residence deduction for example if