What Canadians need to know about...
What Canadians need to know about BC's home flipping tax

The Canadian Money Podcast by The Canadian Money Podcast

Episode notes

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.

Keywords
real estate investingbritish columbia
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