Investor · Taxes
BC's Home Flipping Tax took effect January 1, 2025. Properties sold within 2 years of acquisition face an additional BC tax on top of federal capital gains. Here are the verified rates and exemptions.
Verified · Investor · Taxes
Effective date
January 1, 2025
Tax rate within 365 days of acquisition
20% of profit
Sliding scale
Declines to 0% by day 730 (2-year mark)
On top of
Federal capital gains tax (50% inclusion at marginal rate)
Exemptions
Death of owner, divorce/separation, serious illness, job relocation (40km+), foreclosure, eligible builder/developer, and other specific situations
Applies to
Residential property in BC, including pre-construction assignments
Calculated on
Net profit (sale price minus purchase price minus improvements)
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