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Thursday, February 22, 2024

Government of British Columbia announces 20% Home Flipping Tax

The proposed BC home flipping tax applies to income you realize from the sale of properties in British Columbia if you have owned them for less than 2 years. 

The tax, which is subject to legislative approval, is separate and distinct from the federal property flipping rules and is not harmonized or administered with the federal or B.C. income tax...

https://www2.gov.bc.ca/gov/content/taxes/income-taxes/bc-home-flipping-tax



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