B.C. kicks off 2025 with new rules, including a 20 per cent home-flipping tax
December 31, 2024
A maximum 20-per-cent home-flipping tax is among a number of new regulations coming into effect in British Columbia starting Jan. 1.The previously announced tax, to be levied against non-exempt people who sell homes within two years of purchase, is aimed at discouraging investors “from buying housing to turn a quick profit,” the province says.
Unpublished Newswire
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