Canada has just passed a new anti flipping tax! Under the new anti flipping laws, the profits from the sale will be fully taxed as business income if the seller has held the property for fewer than 12 months. This sounds like a whole new hurdle for a real estate investor to deal with, and luckily this video can offer some help! Canadian real estate can be a complicated thing. With house flipping tax, tax deductions Canada so much more, how can real estate investing for beginners ever be clear! The new Anti House Flipping Tax is now in play!
Not to worry, because with Andrew's stellar knowledge on house flipping, he will share his expertise on how to navigate canadian tax. Whether it’s capital gains tax real estate, rental income tax canada, business income tax canada or tax deduction, Andrew can help keep your return on investment real estate in your pockets of the Canadian real estate investor! Make real estate investing in canada less intimidating by educating yourself on real estate canada and the real estate market canada. Become the investor that’s flipping real estate with ease!
Canadian real estate tax as it pertains to capital gains tax in real estate has changed is having new implications to many Canadians interested in doing house flipping. So for those looking at how to flip houses in Canada, you need to keep in mind that Canadian house flipping now has some differences, where the capital gains real estate tax will now be classified as business income if the property is held for less than 365 days. While they are calling this the anti flipping laws, they are really simply new rules to reduce the ever inflating Canadian Real Estate Market. Where many investors now need to declare a property as a primary residence capital gains category in their taxes in order to avoid paying such a high amount to the government. Canadian real estate investing can be great, you just need to know how to do it right!
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By: Property Hustlers Title: NEW Anti House Flipping Tax ⎜How To Flip Houses Doing Canadian Real Estate Investing Sourced From: www.youtube.com/watch?v=7ihXRRyHR88
