Did you know that on January 1, 2025, the BC provincial government introduced a new tax on property flipping?
This follows changes made by the Federal Government to the Income Tax Act a couple of years ago.
Are you interested to know if the BC flipping applies to you, and whether you’re eligible for any tax credits or exemptions from the tax?
Well, have a look at our latest video where I discuss some of the basics of flipping taxes.
Did you know that on January 1, 2025, the BC provincial government introduced a new tax on property flipping?
This follows changes made by the Federal Government to the Income Tax Act a couple of years ago.
Are you interested to know if the BC flipping applies to you, and whether you’re eligible for any tax credits or exemptions from the tax?
Well, have a look at our latest video where I discuss some of the basics of flipping taxes.
There are Vacancy Taxes at all levels of government.
At the Federal level we have the Underutilized Housing Tax. At the provincial level we have the Speculation and Vacancy Tax, and at the municipal level, the City of Vancouver has what is colloquially called the Empty Homes Tax.
To learn more on the BC Speculation and Vacancy Tax watch the following video.