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01

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02

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03

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How to fill out a T1255 online?

Follow these steps to complete your T1255 form online.

Step 01

Enter the property information including address and acquisition year.

Step 02

Designate the years the property was the principal residence.

Step 03

Complete all required sections of the form accurately.

Step 04

Review the form for correctness before submission.

Canada Revenue Agency - Form T1255

What is a T1255 used for?

Form T1255 is used by the legal representative of a deceased individual to designate a property as the deceased's principal residence for tax purposes. This designation is important for determining eligibility for the principal residence exemption from capital gains tax upon the property's disposition.

Who needs to fill out a T1255 form

The legal representative of a deceased individual, such as an executor or administrator, who needs to designate a property as the principal residence for tax purposes.

What is Form T1255 used for?

It is used to designate a property as the principal residence of a deceased person for tax purposes.

When is Form T1255 not necessary?

It is not required if the property was the principal residence for all years owned or if another form was used for designation.

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