Wilson Rasmussen LLPSurrey, BC · January 12, 2026Understanding BC’s New House Flipping Tax
What Homeowners Need to Know The B.C. government has implemented a new house flipping tax (the “House Flipping Tax”) under the Residential Property (Short-Term Holding) Profit Tax Act (the “Act”), effective January 1, 2025. The House Flipping Tax applies to the profit earned from the sale of a residential property that is sold within 730 days of the date...
This is a short preview. The article was written by Wilson Rasmussen LLP and the full text is on their website.
More from Wilson Rasmussen LLP
- Should You Be Considering a Cohabitation Agreement or a Marriage Contract?
- Upcoming Changes to the BC Business Corporation Act – Beneficial Ownership Disclosure Requirements for BC Private Companies
- What Parents Need To Know About Modifying a Child Support Order
- The Difference Between Guardianship and Custody in Family Law
- Can You Change Your Will After It Has Been Signed?