Federal Anti-flipping Tax Intended to Cool Housing Prices
The Federal Budget issued on April 7, 2022 proposes that all profits from the sale of residential properties held for less than 12 months would be considered business income. This rule would apply to all properties sold on…
BC Ends Rental and Age Restrictions for Strata Properties (Updated)
Amendments to the Strata Property Act will end all strata rental-restriction bylaws, limit age-restriction bylaws, and add Provincial and City tax costs to strata owners.