I sold my house in the begining of 2010 due to relocation near to my job, however I lost around 2.5k in the home sale. My question is can I claim the loss under Capital Loss/ some other category in my 2010 tax returns?
I will appreciate if someone had similar experience or have knowledge (CRA link etc) and would like to share.

Hi ashedfc,
Thanks for your reply, I tend to agree with your openion.
OK, so CRA's capital loss category is for investment types of properties, not for primary residence and for sure I do not want to mess with CRA to prove my old residence as a captial property .

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Originally posted by ayaz99

I sold my house in the begining of 2010 due to relocation near to my job, however I lost around 2.5k in the home sale. My question is can I claim the loss under Capital Loss/ some other category in my 2010 tax returns?
I will appreciate if someone had similar experience or have knowledge (CRA link etc) and would like to share.

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

Doing my tax returns and checked this thread again. The CRA web site says that losses on the home sale can not be claimed under moving expenses:

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/219/ddct-eng.html

Looks like 'm out of luck , thanks for the help.

You can not claim losses in selling your home but you can claim the costs of selling homes as mentioned in link I provided earlier and the same link you posted today.

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

Thanks for your reply Pramod, acutually those costs were covered by my employer as part of my relocation .
Loss in the home sale was not substantial just thought if I could claim but CRA thinks otherwise.