# Form T2091IND

URL: https://pdf.net/pdf-forms/real-estate-forms/t2091ind
Category: Real Estate Forms 
Attributes: Official IRS form, Trusted by accountants

Form T2091IND is used by Canadian residents who wish to designate a property as their principal residence and thus claim an exemption on capital gains tax when selling it.

Our fillable Form T2091IND can easily be accessed on our **PDF Forms** hub, where you can open it in our editor with a single click. After that, you should follow the instructions in the document to complete the form and prepare it for submission.

## Versions

- 2024 — [download PDF](https://cdn.sanity.io/files/i16te7yp/production/bb0747e3db2e131c86e279a117a2f2f9c9ecc73e.pdf)

## How to Fill Out a Form T2091IND

Step 1: Open the form in our PDF editor and read the Form T2091IND instructions carefully.

Step 2: Enter the information about the property you’re designating as your principal residence and sign your designation.

Step 3: If you’ve ticked box 2 or 3 at line 17900 on your Schedule 3, complete Section 2 to calculate your capital gain.

Step 4: Attach Form T2091IND to your Schedule 3 and T1.

Step 5: Submit the package to the CRA.

## Facts

### What Is Form T2091IND Used For?

Form T2091IND is used to designate a property as your principal residence, so that you can claim exemption from capital gains tax when selling it. This form is also used to calculate your capital gains in case you designate a property as your principal residence for only some of the years you owned it.

### Who Should Use Form T2091IND?

Individuals who have sold their home, or are considered to have done so, should use Form T2091IND if they wish to designate it as their principal residence.

### When Is the Form T2091IND Due?

Form T2091IND is due by the same deadline as your personal income tax return: April 30th of the year following the sale. If you are self-employed, the due date is moved to June 15th; in case either of these dates falls on a weekend or a national holiday, the deadline is pushed to the next business day.

### Are There Penalties for Not Filing Form T2091IND?

There are significant penalties for not filing Form T2091IND, even if you don’t owe any taxes on capital gains. The fine is the lesser of $8,000 or $100 for each complete month that your return is late.

### How and Where Do I File Form T2091IND?

You should file Form T2091IND with the Canada Revenue Agency (CRA) at the same time you submit your income tax return (T2) and Schedule 3, used to calculate your capital gains and losses. All these forms should be sent as a package, either by mail or electronically, using certified software.

## Related forms

- [1040 Form](https://pdf.net/pdf-forms/tax-forms/1040-form)
- [Schedule D (Form 1040)](https://pdf.net/pdf-forms/tax-forms/schedule-d-form-1040)
- [Form 8949](https://pdf.net/pdf-forms/tax-forms/form-8949)
- [Form 1040-X](https://pdf.net/pdf-forms/tax-forms/form-1040-x)
- [Form 4868](https://pdf.net/pdf-forms/tax-forms/form-4868)