Netfile with a subsection 45(2)?
For the life of me I can't find this information.
does anyone know if you can NETFILE and still submit a subsection 45(2)?
Either way, how do you submit a subsection 45(2)? Is it a form? Or do you just type up a letter saying the property is still your principal residence and sign it?
Thanks in advance,
This election is made by means of a letter to that effect signed by the taxpayer and filed with the income tax return for the year in which the change in use occurred.
CRA doc IT120, s.25