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:
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