House Flipping Tax Coming In Canada?
Posted on 02/27/2024
British Columbia’s government wants to see a 20% tax on profits from flipping houses, which it defines as selling in less than 730 days. Finance Minister Katrine Conroy said this would calm speculation in the historically overpriced market. Conroy said: “Prices went up as governments stepped back and speculators moved in. That’s why we’re bringing…
