This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
End of attention
A dwelling is considered to be your main residence from the time you acquired your ownership interest in it if you moved into it as soon as practicable after its purchase. This means that, if there is a delay in moving because of illness or other reasonable cause, the exemption is still available from when you acquired your ownership interest.
The exemption does not apply if you are unable to move into the dwelling because it is being rented out. It does, however, cover a period after the end of a previous tenancy if you could not take up residence immediately because the dwelling required repairs.
Last modified: 18 Sep 2009QC 18323