In this episode, we break down British Columbia's new home flipping tax, set to take effect on January 1, 2025. Discover how this 20% tax on profits from residential property sales works, including its phased reduction over two years. We discuss who it applies to, key exemptions, and when you need to file a tax return. With detailed examples and calculations, we’ll clarify how the tax impacts BC residents, non-residents, and related-party sales. Whether you're a property investor or a homeowner, this episode will help you navigate the ins and outs of BC’s home flipping tax.