Source: https://budget.gc.ca/2022/report-rapport/tm-mf-en.html#a2_5 Property flipping involves purchasing real estate with the intention of reselling the property in a short period of time to realize a profit. Profits from flipping properties are fully taxable as business income, meaning they are not eligible for the 50-per-cent capital gains inclusion rate or the Principal Residence Exemption. The Government is …
Location Phone#Treasury Office Residential Multi – Residential Commercial Occupied Industrial Occupied Ajax 905-683-4550Ext. 361 1.091294 1.904326 2.240525 2.778638 Aurora 905-727-1375 0.762133 0.762133 1.691426 1.880927 Barrie 705-739-4230 1.218959 1.218959 2.407654 2.496343 Bradford/West Gwillimbury 905-775-5303 0.918058 0.918058 1.815130 1.792331 Brampton 905-874-2200 0.962669 1.533486 1.930221 2.070214 Brock 705-432-2355 1.209657 2.125250 2.412152 3.018145 Burlington (Urban) 905-335-7750 0.779583 1.406164 1.683168 …
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