DocumentsPrincipal Residence Attestation in Canada
Principal Residence Attestation in Canada
A Principal Residence Attestation is a declaration or statement provided by a taxpayer in Canada to confirm that a particular property is their principal residence for tax purposes. It is required when claiming the principal residence exemption for the capital gains tax on the sale of a home.
A Canadian Principal Residence Attestation is:
- A sworn statement confirming that a property is the primary residence of the owner(s).
- Provides evidence of the property’s principal residence status for tax purposes.
- Allows property owners to claim the principal residence exemption for tax benefits.
A Principal Residence Attestation is required by the Canada Revenue Agency (CRA) to ensure that taxpayers are correctly claiming their principal residence for tax purposes.
Principal Residence Attestation
We draft your document for you
Have a professional draft your document over a live video call for extra peace of mind.
$99 $249 • Save: $150 (60%)
*Includes notary public seal and stamp
Book an appointment
See how our experts help you draft Create your own document
Answer simple questions with our easy to use drafting app, and get your document done instantly.
NotaryPro’s online document creator is designed to make the process of drafting and notarizing your Principal Residence Attestation as easy and convenient as possible. Instead of having to make an appointment with a notary public and spend hours drafting a document on your own, you can complete the entire process online from the comfort of your own home.
What details or information does a Canadian Principal Residence Attestation contain?
A Canadian Principal Residence Attestation typically includes the following details:
- Property owner(s) information: Full name, address, contact details, and relationship to the property.
- Property details: Address, legal description, and other identifying information.
- Attestation statement: A sworn statement affirming that the property is the principal residence of the owner(s) for the specified tax year(s).
- Signatures: Owner(s) signature(s), date, and affirmation that the information provided is true and accurate.
- Notarization: The valid signature and seal of a notary public or commissioner of oaths.
When would I need a Canadian Principal Residence Attestation?
A Principal Residence Attestation is needed when a taxpayer sells their home and wishes to claim the principal residence exemption to avoid paying capital gains tax on the sale. It must be included with the tax return for the year in which the property is sold.
Do I need to have my Canadian Principal Residence Attestation notarized?
Having this document notarized isn’t mandatory, but specific situations or parties involved may request notarization for additional assurance.
How to Draft & Notarize your Document
Get started now and have your document notarized online in just 4 simple steps!
1
Fill out our simple online form with your information.
2
Review and approve the document we generate based on the information you provided.
3
Connect with a notary public online in minutes who will verify your identity and witness your electronic signature.
4
Receive your notarized document via email and print it out for your records.
Frequently Asked Questions
Is the Principal Residence Attestation necessary for all property owners in Canada?
No, the Principal Residence Attestation is typically required only when claiming the principal residence exemption for tax purposes.
Property owners should consult with tax professionals to determine if they are eligible for the exemption.
Can a Canadian Principal Residence Attestation be used for multiple tax years?
The Principal Residence Attestation is only valid for the specific tax year in which the property is sold.
Each year, the taxpayer must complete a new attestation for their principal residence.
Can a Principal Residence Attestation be used for properties held in a trust?
Yes, a Principal Residence Attestation can be used for properties held in a trust, provided that the trust meets the eligibility criteria for the principal residence exemption. The trust’s designated beneficiary can complete the attestation.
It’s important to ensure that you’re using the correct Government of Canada form for your specific situation.
Is NotaryPro’s online drafting & notary service legally recognized?
Yes, NotaryPro’s documents are legally recognized.
NotaryPro’s documents have been accepted by border authorities all over the world, including Canada Border Services and US Customers and Border Protection.
Is NotaryPro’s online drafting & notary service secure?
Yes, NotaryPro uses the latest encryption technology.
Your personal information and documents are subject to the highest level of digital security, and we ensure that your documents are notarized in compliance with all applicable Canadian laws and regulations.
How much does it cost?
It’s free to create your document, although we do offer online notarization for a small fee.
That’s right! Creating your document comes at no cost to you, but if you would like to notarize it at the same time, we’re happy to help. Please find our detailed prices here.