Tag
#taxes
The BC Home Flipping Tax: What You Owe If You Sell Within Two Years
Since January 1, 2025, selling a BC residential property you have owned for less than 730 days can trigger a provincial tax of up to 20% of the profit. It sits on top of federal income tax, and a presale assignment counts.
Michael Lee · 8 min read
The BC Speculation and Vacancy Tax: Who Declares, Who Pays, and What Changed in 2026
Every owner of residential property in a designated taxable area has to file a declaration by March 31, even when they owe nothing. The rates went up for the 2026 tax year, to 1% for most Canadian owners and 3% for foreign owners and untaxed worldwide earners.
Michael Lee · 8 min read