May 2 roundup - MoneySense

May 2 roundup

On the new plastic $20 bill, the most coveted waterfront home in Toronto and what you need to know about the principal residence exemption.


•The new $20 bill was unveiled Wednesday. The polymer bank note features an updated design of Queen Elizabeth II and Canada’s National Vimy Memorial. Watch the Bank of Canada’s YouTube video explaining the history and technology contained in the bill.

•Ever wonder what Toronto’s most coveted property looks like? Well now you don’t have to. The $8M 7,000-square-foot waterfront home just hit the market. Check out the photos here.

•The principal residence exemption povides a generous tax break for Canadians who sell their home. However, there are some rules you need to be aware of .