On which home should you claim the principal residence exemption?

The proposed increase to the capital gains inclusion rate makes the principal residence exemption (PRE) more valuable. That’s especially the case for Canadians who own more than one home. “The decision to sell will be nine [percentage points] more expensive for gains over $250,000 after June 25,” said Jamie Golombek, managing director of tax and estate planning with CIBC Private Wealth in Toronto. Under the federal government’s proposals, an individual in Ontario taxed at the highest marginal rate will pay …