Does my client need to write a letter to CRA for Section 45(3) election (she sold her principle house and move to her rental apartment in 2022)? In the content of the letter, it is just told she wants to postpone reporting the disposition of her apartment
or she did not need to do anything in her 2022 tax return?
When is make the letter of this election? In 2022? or until the actual sale of the apartment?
What needs to do for her T776?
Thank you so much!
