Can two spouses each declare their own personal residence for tax purposes when a house is sold? I'm not asking this so that a couple could effectively avoid taxes on the cap gain on two homes but thought that each person could claim their own exemption somehow.
The short answer is no. Have a read of this page from the CRA talking about the principal residence exemption.
http://www.cra-arc.gc.ca/tx/ndvdls/t...ng/mr-eng.html
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