Barrie man wins $500,000 with lottery ticket

Larry Dennis, of Barrie, Ont., holds his big cheque at the OLG Prize Centre in Toronto. (Supplied) Larry Dennis, of Barrie, Ont., holds his big cheque at the OLG Prize Centre in Toronto. (Supplied)

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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.