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Renting out all or some of your Primary Residence (Canada)?

I am in the process of purchasing a home which is a triplex. I work about 100km from where this house is located, so traveling to work is not realistic from this house. I currently rent very close to my office.

My real estate agent says I can claim this as my principal residence even if I don't live in it, since I don't own another home.

I will be confirming this with an accountant next week, but as this is an important question, I'd like some opinions sooner rather than later. Thanks!

Firstly remember in Canada rent is deductible from income tax and renters ask for receipts so CCRA will know you are renting your property. Normally only the part of the triplex you reserve for your living is allowed as your principle residence, but if you have a large mortgage this interest helps offset tax on rental income. When you sell you will be subject to capital gains tax if you cant find a rollover. if you are in Ontario use a professional rental agent because the ORHT can fine you up to $10k if you breach the TPA and it is very easy to breach or disadvantage your self by not responding within 10 days to service by a tenant of a ORHT form

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