TERMIUM Plus®

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RESIDENTIAL PROPERTY FLIPPING RULE [1 record]

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Record 1 2022-04-14

English

Subject field(s)
  • Real Estate
  • Taxation
  • Federal Administration
CONT

[The] residential property flipping rule [ensures] profits from flipping properties are fully taxed[.] Any person who sells a residential property they have held for less than 12 months would be fully taxed on their profits as business income.

French

Domaine(s)
  • Immobilier
  • Fiscalité
  • Administration fédérale
CONT

Règle sur les reventes précipitées de biens immobiliers résidentiels. Les profits découlant des reventes précipitées de biens immobiliers résidentiels sont entièrement imposables comme revenu tiré d’une entreprise, ce qui veut dire qu'ils ne sont pas admissibles au taux d'inclusion des gains en capital de 50 % ou de l'exemption pour résidence principale.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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