Tag Archives: cra

Flipping houses or condos? CRA reminds you that all profits are fully taxable

By ThinkPol Staff Canada’s taxman is reminding house and condo flippers that all profits made buying and reselling homes in a short period of time are fully taxable. This also includes pre-sale flips, where a property is bought and sold

CRA to tighten voluntary disclosure program

By ThinkPol Staff Canada’s tax agency will tighten the controversial program that allowed wealthy tax evaders to turn themselves in without fear of prosecution or civil penalties. The Canada Revenue Agency’s (CRA) Voluntary Disclosures Program (VDP) was set up in