While there are not any changes to the principal residence capital gains exception itself, the reporting requirements will affect your planning should you own two or more properties anywhere in the world.
Your principal residence can be any of the following types of housing units:
- a house
- a cottage
- a condominium
- an apartment in an apartment building
- an apartment in a duplex
- a trailer, mobile home, or houseboat.
Maximizing your investment returns requires due diligence and expert advice. Always rely on an experienced professional.