Journalist Ann Rohmer discontinues Toronto city councillor campaign

Broadcaster Ann Rohmer has pulled out of the race to represent Ward 11 (University-Rosedale) at Toronto City Council. (Supplied photo) Broadcaster Ann Rohmer has pulled out of the race to represent Ward 11 (University-Rosedale) at Toronto City Council. (Supplied photo)

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OPINION | Selling a home? How to know if you qualify for a capital gains exemption

When selling a home, Canadians may be exempted from paying capital gains tax on a residential property -- if it's their principal residence. On CTVNews.ca, personal finance contributor Christopher Liew explains what's determined as a principal residence, and what properties are eligible for the exemption.