Revenu Québec Edition TP-274-V (2025-10) 7 pages Quebec

Form TP-274-V: Designating a Property as a Principal Residence (Québec)

Revenu Québec's prescribed form for claiming the principal residence exemption on the gain when you sell, or are deemed to sell, your home.

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Form TP-274-V · Designating a Property as a Principal Residence (Quebec)
The official Revenu Québec form, edition TP-274-V (2025-10) — blank
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What is Form TP-274-V?

When you sell a home in Québec at a profit, the gain can be fully or partly exempt from Québec income tax if the property was your principal residence. To claim that, you designate the property as your principal residence on form TP-274-V. The same form is used when you're deemed to have disposed of it, grant an option to buy it, establish a real servitude on it, or change its use.

Parts 1 and 2 cover you, the property, its sale proceeds, your ownership share, the part used as a residence, and the number of years you're designating. If you designate the property for every year you or your spouse owned it, that's usually all. If you designate it for only some of those years, Part 3 works out the net taxable capital gain, including special rules for property owned since before 1982.

FileIt asks each question in plain English, prints your answers into the form's boxes on Revenu Québec's own PDF, and does all of Part 3's arithmetic for you. You print and sign it, and enclose it with your return if you file by mail. FileIt never submits anything.

Who fills it
Québec taxpayers claiming the principal residence exemption
Sent to
Revenu Québec with a paper return. With an online return, keep it in case it's requested
Also on your return
Check box 109 of Schedule G
Part 3
Only when the property is designated for some but not all of the years owned
Signatures
You sign the certification in Part 2.3
Edition
TP-274-V (2025-10), 7 pages

Who needs to fill out Form TP-274-V?

  • Homeowners in Québec who sold their house, condo, cottage or other housing unit.
  • Owners deemed to have disposed of a home, for example when it changes from a residence to a rental property.
  • Owners who granted an option to buy their home or established a real servitude on it.
  • Co-owners claiming the exemption on their share.
  • Families with more than one property (such as a house and a cottage) choosing which to designate for which years.

When to use Form TP-274-V

  • For the taxation year in which the disposition, option, servitude or change in use happened.
  • With your Québec income tax return for that year (enclosed if you file by mail).
  • Not for a property flip: the form explains that a home owned less than 365 consecutive days, with no life event to justify the sale, is taxed as business income without the exemption.

What you need before you start

  • The property's address or lot number, the year you acquired it and the total proceeds of disposition.
  • Your ownership share and the percentage of the property used as your residence.
  • The number of years you're designating it, after 1971 and before 1982 and after 1981.
  • For Part 3: the years you owned it, selling expenses, adjusted cost base, capital expenditures, and for pre-1982 property its value and cost base on December 31, 1981.
  • Whether you designated the property for the same years with the Canada Revenue Agency.

What’s on Form TP-274-V

The 2025 edition has 7 pages. FileIt asks for it in 6 parts, and it is signed by Applicant:

  1. Part 1: Information about youApplicant
  2. Part 2.1: Information about the designated propertyApplicant
  3. Part 2.2: Years covered by the designationApplicant
  4. Part 2.3: CertificationApplicant
  5. Part 3: Taxable capital gainApplicant
  6. Part 3: calculationApplicant

How to fill out Form TP-274-V, step by step

1 Part 1: information about you

The taxation year, your name, address and social insurance number.

2 Part 2.1: the property

The address or legal description (lot number), year of acquisition, total proceeds of disposition (before your share), your share and the surface area used as a principal residence, both as percentages.

3 Part 2.2 and 2.3: years and certification

Enter the number of years designated after 1971 and before 1982 and after 1981, counting from the year you or your spouse acquired the property. Line 31 is the year of any real servitude. Then confirm whether you designated the same years with the CRA, and sign the certification.

4 Part 3: taxable capital gain

Only if some years aren't designated. FileIt applies your share and surface area to the proceeds, expenses and costs (the 3.2 table), works out the gain and the exempt portion based on years designated over years owned (3.3), the pre-1982 adjustments if you owned it on December 31, 1981 (3.4), and the net taxable capital gain on line 109.

Common mistakes to avoid

  • Entering your share of the proceeds on line 110: the form wants the total proceeds, before your share or the surface area.
  • Counting years before 1972: only 1972 and later count.
  • Designating more years than you owned the property.
  • Adding the extra year (the 'plus 1') when it doesn't apply: note 2 explains when it does.
  • Forgetting to check box 109 of Schedule G on your return.

After you fill it out

Print the form and sign the certification in Part 2.3.

If you file your return by mail, enclose TP-274-V with it. If you file online, keep it in case Revenu Québec asks for it. FileIt doesn't send anything for you.

If line 109 is positive, carry it to line 16 of Schedule G. Keep the form, your purchase and sale records in FileIt.

Fill out Form TP-274-V online with FileIt

  1. Pick the person. Choose someone from People and FileIt fills in their name, date of birth, address and other details it already knows.
  2. Answer plain-language questions. One part of the form at a time, with the official help text beside each question — 175 fields in all. Your answers save as you go.
  3. Check the live preview. Watch your answers land on the real Revenu Québec form, and let FileIt do any worksheet arithmetic.
  4. Generate the official PDF. FileIt prints your answers into the agency’s own PDF and files it in that person’s folder in your vault. Sign it, or send it for e-signature.

FileIt fills the form — it never files or submits anything for you. Deliver the finished form to whoever asked for it, the way the form’s instructions say.

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Form TP-274-V: frequently asked questions

What is form TP-274-V?

It's Revenu Québec's prescribed form for designating a property as your principal residence, to claim the exemption on all or part of the capital gain.

Do I need to complete Part 3?

Only if you're designating the property for some but not all of the years you or your spouse owned it. The form says parts 1 and 2 must always be completed.

Do I have to file it if I sold my home?

The form says to complete it if you elect to designate the property, and to check box 109 of Schedule G. With a paper return, enclose it. With an online return, keep it.

What is the 'plus 1' year?

Note 2 says an additional year is granted only if the disposition took place before October 3, 2016, or after October 2, 2016 if you were resident in Canada in the year you acquired the property.

Does a property flip qualify?

No. The form says that since 2023, a home owned less than 365 consecutive days and sold without a justifying life event is treated as business income, and the principal residence exemption can't be used.

Official sources

FileIt is not affiliated with or endorsed by Revenu Québec or any government. This page explains the form in general terms and is not legal, tax or immigration advice. Always read the official instructions, and check that you are using the edition the recipient accepts. Page last reviewed 2026-10-19.

Fill out Form TP-274-V online