Renting out your primary residence for periods of time can help you pay the bills. But it will effect capital gains taxes when it comes time to sell.
Principal Residence + Short-Term Rentals + Resale = Capital Gains Tax
Most Canadians know they’ll pay capital gains tax to the Canada Revenue Agency when they sell an asset, such as their home, or investment for more than they paid. They also know and appreciate the fact their principal residence is exempt.