Escaping the BC Home Flipping Tax: How to Avoid It by Purchasing a Presale
Escaping the BC Home Flipping Tax: How to Avoid it by Purchasing a Presale With BC’s new home flipping tax coming into effect on January 1, 2025, many investors and homeowners are looking for ways to avoid the tax. One strategy? Presale properties. Here’s how you can take advantage of presales to sidestep the BC […]
Provincial and Federal Home Flipping Taxes in BC: What You Need to Know
Provincial and Federal Home Flipping Taxes in BC: What you Need to Know Real estate in British Columbia is facing new taxation rules aimed at curbing speculative property flipping. Both federaland provincial governments have introduced taxes that target short-term sales. Here’s what you need to know about these changes and how they could impact you. […]
Taxation on Different Types of Property Ownership in BC
Taxation on Different Types of Property Ownership in BC When dealing with property ownership and taxation in British Columbia, it’s important to distinguish between different types of properties and how capital gains and business income taxes apply to each. The taxation varies based on the property’s use, whether it’s a primary residence, an investment property, […]
