On April 11, 2017, the Honourable Cameron Friesen presented his second budget as Minister of Finance. In many respects, this is the first true budget of the Progressive Conservative government as last year’s budget was presented so soon after the provincial election.
With a focus on economic growth, the 2017 Federal Budget continues to build Canada’s economy by seeking to attract investment in clean technologies, and by creating jobs and prosperity for the middle class.
You don't need to pay any tax on capital gains made from the sale of your principal residence. However, you do need to report the sale of your principal residence. And it gets a little more confusing when it comes to agricultural and farm property.