Convert Primary Home to LTR - 2 year tax benefit?

[Michael Robinson]

Hi all,

I'm planning on converting my primary home into an LTR. I've lived in it for 21 months... I believe there's capital gains tax benefit (when I sell the house down the road) as long as I have lived in the house for at least 2 years.

Staying for the extra 3 months (to hit the 2 year mark) presents a lifestyle and financial burden. I'm trying to get an idea on how much tax benefit I would get (down the road) if I suck it up and stay the extra 3 months.

FYI - The property has already appreciated $170k and I expect it to keep growing. 

How can I determine potential tax benefit of staying 3 months verses moving now?

Thanks

Michael