January 2, 2025 As of January 1, 2025, the BC Home Flipping Tax is now in effect. REALTORS® need to know this new tax is distinct from the existing federal property flipping tax and specifically targets short-term property sales within British Columbia. Here’s how it works: The tax ...
A family of four will receive up to $3,563 this year, up from the previous rate of up to $2,850 a year. A single parent with two children will receive up to $2,688 a year, up from $2,250. The benefit reduces on a sliding scale the higher a family’s household income, maxing...
Vancouver ranks #1 most expensive city to rent an apartment in Canada By: Elana Shepert Opinion Opinion: How the U.S. could in fact make Canada an American territory How precisely Donald Trump could make good on his threat to annex Canada can be ... Opinion: Can the Liberals recove...
A: Interest rate hikes can have several consequences in the housing market. Firstly, they can lead to a slowdown in home sales as potential buyers may be deterred by the higher borrowing costs. This can result in decreased demand, leading to downward pressure on house prices. Secondly, inter...
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The report notes too that governments have afforded businesses some tax cuts over the past half-dozen years. Under the BC NDP, the province’s small business tax rate was reduced to 2% from 2.5%. The report calculates that change resulted in a yearly tax savings of $70 million for very ...
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s generation picked-up the tab thanks to atop tax rate of 80%. Now, university students are being asked to finance their own education, so boomers can enjoy the lowest tax rates since the Great Depression. The situation is especially bad in BC, where the2013 BMO Student Surveyfound ...