The 365-day rule is the one worth knowing before you sell. If you bought the home less than a year ago and sell it, the profit is treated as business income and taxed in full, unless the sale is due to a death, disability, job relocation, divorce, or a similar listed exemption.
For most Saskatoon downsizers this does not apply, since the rule targets quick resales and speculation, not a family home held for years. If your situation is close to the 365-day mark, that is a conversation for your accountant before you list, not after an offer is already signed.
Joel Dyck flags timing issues like this early, so there are no surprises at tax time. Get your hand-reviewed valuation from Joel Dyck.