New construction changed the purpose of usage within the first year
However, I rented out the house later, and myself moved to my parents house. The tenant reported to CRA on the rent.
So for my filing to Cra, should I report it as primary residence or rent property? I am losing money on this property, my long term goal is to put loss on this property if possible, as I see government is still attacking the market. I am thinking to take capital loss on it to offset the capital gain on other properties.
What is the best action I should do now?