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BC Real Estate Glossary

BC Home Flipping Tax

Also known as: Flipping tax · BC flipping tax · Anti-flipping tax

A provincial tax on profit from residential property sales held under 730 days, effective January 1, 2025 — 20% if held under 365 days, phasing linearly to 0% over days 366-729.

The BC Home Flipping Tax took effect January 1, 2025. It imposes a 20% additional tax on profit from the sale of residential property held less than 365 days; the rate phases linearly to 0% between days 366 and 729; no flipping tax applies after 730 days. Owner-occupiers can deduct up to $20,000 if the property was held for at least 365 days as a principal residence.

The flipping tax is in ADDITION to standard capital gains tax and the federal anti-flipping rule (which deems sales within 365 days as 100%-included business income). Filing is required within 90 days of sale. Properties acquired before January 1, 2025 remain subject to the tax if disposed within 730 days. Several life-event exemptions apply (death, marriage breakdown, work relocation, serious illness, etc.) that mirror the federal anti-flipping rule's exception list.

Related terms

  • Federal Anti-Flipping Rule — A federal rule (effective January 1, 2023) deeming residential property sales held less than 365 days to be 100%-included business income, with no Principal Residence Exemption available, unless a qualifying life-event applies.
  • Capital Gains Inclusion Rate — The proportion of a capital gain included in taxable income — currently 50% federally; the 2024 proposal to raise the rate to 66.
  • Capital Gains × Principal Residence Exemption (PRE) — How the federal Principal Residence Exemption interacts with the 50% capital-gains inclusion rate for BC sellers — only one property per family per year can be designated, and PRE never auto-applies; every principal-residence disposition since 2016 must be reported on Schedule 3 with Form T2091(IND).
  • Presale Condo Assignment Tax Treatment — The federal + BC tax treatment of selling a presale-condo purchase contract before completion — 5% GST on the assignment fee since May 7, 2022, plus CRA's default treatment of the profit as 100%-included business income.

See also

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BibTeX — LaTeX, academic
@misc{bronsonjob-bc_flipping_tax,
  author       = {Job, Bronson},
  title        = {{BC Home Flipping Tax}},
  howpublished = {BC Real Estate Codex},
  year         = {2026},
  url          = {https://www.bronsonjob.com/codex#bc.flipping_tax},
  urldate      = {2026-05-08},
  note         = {Fact ID: bc.flipping_tax, version 1.}
}
APA — Press, journalism
Job, B. (2026). BC Home Flipping Tax. *BC Real Estate Codex*. Retrieved 2026-05-08, from https://www.bronsonjob.com/codex#bc.flipping_tax
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BC Home Flipping Tax — Bronson Job, BC Real Estate Codex (2026-05-08). https://www.bronsonjob.com/codex#bc.flipping_tax

Fact id: bc.flipping_tax · v1 · machine-readable: /api/v1/facts/by-id/bc.flipping_tax.json

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