What is the BC Home Flipping Tax?

Direct answer

A provincial tax on the profit when you sell a home you have owned less than 730 days, in force since January 1, 2025. It sits in the Residential Property (Short-Term Holding) Profit Tax Act, and catches dispositions on or after that date, including properties bought BEFORE January 1, 2025 if they are sold within 730 days of acquisition. The rate is 20% of profit if you held the property less than 365 days, then phases linearly to 0% from days 366 to 729 via the formula 20% × ((730 − days held) ÷ 365). After 730 days no flipping tax applies. Owner-occupiers may deduct up to $20,000 against the taxable amount if the property was their principal residence for at least 365 of the days they owned it. The tax is separate from, and stacks on top of, federal capital gains and the federal anti-flipping rule. Filing is due within 90 days of disposition on a dedicated provincial return, not on your T1 personal tax return. Ten life-event exemptions match the federal anti-flipping list: death, addition to household, marriage breakdown, threat to safety, serious illness, work relocation ≥40 km closer, involuntary termination, insolvency, property destruction, expropriation.