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UN Security Council Endorses US-Led Gaza Initiative

    US President Donald Trump talks with Israel's Prime Minister Benjamin Netanyahu at the Knesset in Jerusalem The United Nations Security Council has adopted a resolution put forward by the United States in support of President Donald Trump’s plan for Gaza. The measure, which passed after intense negotiations among member states, outlines a framework aimed at stabilizing the region and addressing humanitarian concerns. The resolution emphasizes international cooperation in delivering aid, rebuilding infrastructure, and supporting security arrangements designed to prevent further escalation. While the US hailed the adoption as a diplomatic breakthrough, several council members expressed caution, noting that the plan’s long-term success will depend on the willingness of local stakeholders to engage constructively. Observers say the vote reflects both the urgency of the humanitarian crisis in Gaza and the geopolitical weight of Washington’s involvement. The coming months wil...
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Principal Residence and Taxes in Canada


When you sell your home, you may realize a capital gain. If the property was solely your principal residence for every year you owned it, you do not have to pay tax on the gain. However, if at any time during the period you owned the property, it was not your principal residence, or solely your principal residence, you might not be able to benefit from the principal residence exemption on all or part of the capital gain that you have to report.

To designate a property as the principal residence, it does not have to be the place where the taxpayer lives all the time. The property will qualify as a principal residence if the taxpayer, taxpayer’s current or former spouse or common-law partner, or any of the taxpayer’s children lived in it at some time during the year.

If you sold property in 2022 that was, at any time, your principal residence, you must report the sale on Schedule, Capital Gains (or Losses) in 2022, and Form T2091 (IND), Designation of a Property as a Principal Residence by an Individual (Other Than a Personal Trust).


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