January 2025

BC HOME FLIPPING TAX

Posted on Jan 03, 2025

As of  January 1, 2025, the new BC Home Flipping Tax will add another layer of tax consideration for British Columbians who sell residential property within a short timeframe. This tax will be in addition to the existing federal property flipping tax introduced by the Canada Revenue Agency (CRA) in 2023.

Here’s a breakdown of both taxes  

The BC Home Fl...

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