Feel like your money is flying away?..
British Columbia is imposing its very own provincial HOME FLIPPING TAX!
Beginning in 2025, any sale or assignment of residential property that is owned for less than 2 years will be subject to an ADDITIONAL 20% provincial tax(calculated on the profit of the sale), ON TOP OF ALL OTHER provincial and federal taxes, INCLUDING the federal 'anti-flipping tax'!
(as always - some exemptions will apply!)
For more information ⬇️
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