The proposed residential property flipping rule (RPFR), announced in the 2022 federal budget, will deem gains arising from certain dispositions of residential properties owned for less than 12 months to be business income.Β This tax, including the extension for assignment
Month: November 2022
9
Nov
Federal Ban on Foreign Buyers
Posted by: Kimberly Walker
Many articles suggest resort areas such as Whistler will be exempt, but the regulations are not yet out.