How to flip with less tax
2022's waterfall in home values and dearth of liquidity may have temporarily killed the property flipping game, but it'll be back someday. And when flipping returns in ernest, CRA will be collecting more tax.
As most have already heard, new anti-flipping tax rules took effect on January 1, 2023. The government publicized that they were meant to "reduce speculative demand." In fact, they were aimed at property flippers attempting to:
This post is for MLN Pro subscribers only
You've successfully subscribed to MortgageLogic.news
Great! Next, complete checkout for full access to MortgageLogic.news
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.