With regard to box 9954 “Proceeds of disposition” on the Canada Revenue Agency (CRA) form T2091IND Designation of a Property as a Principal Residence by an Individual (Other Than a Personal Trust): (a) why does the CRA or the government need to know the sale price of the person's primary residence; and (b) what is this information used for?
In the House of Commons on January 30th, 2023. See this statement in context.