Tag Archives: shadow flipping
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
Shadow flipping realtor fails to get case thrown out
By ThinkPol Staff A lawsuit launched by a West Vancouver man after discovering that his house had been shadow flipped twice by his realtor for a much higher price will proceed to full trial, after a judge dismissed an application
Land assembly speculators shadow flipping to skirt foreign buyer tax
By ThinkPol Staff International speculators are buying up Vancouver properties to put together land assemblies that they then shadow flip to avoid paying BC’s foreign buyer tax. A real estate industry whistleblower sent ThinkPol one such example of an attempted