Hello
I am an H1B visa holder returning to Canada this year after one year of employment in the US. If I sell my house in the US after the date of termination of my US employment will I be entitled to the tax credit of the loss I will be taking on the sale of the house on my US tax filing for 2012? Thanks!

Unfortunately, no. Such a loss on your personal home is NOT tax deductible.

Thank you for your response. May I ask why not? This is my primary residence...

Because that is what the tax law says.