HI:
The big win is your principal res is sold TAX FREE.

Now that we have to tell the CRA that we have done this with the before and after price, my old bones tell me that this could be leading up to Custer's last stand from a taxation point of view.

Oh no some of you will say.....remember trust funds!(and that was with a Big C government on Oct 31, 2006 )

If you can "right size" do it with either a rental or lower cost residence and invest the left over in a TFSA with a ETF  CND dividend fund.

Then go to Costa Rica for February!