The BC Home Flipping Tax is a provincial tax under the Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, effective January 1, 2025 (as of 2026-07-27 — verify current). It applies to profit from the sale of residential property in BC if the property is sold within 730 days (as of 2026-07-27 — verify current) of acquisition. The tax rate is 20% (as of 2026-07-27 — verify current) if sold within 365 days, declining on a sliding scale to 0% by day 730 (as of 2026-07-27 — verify current). Verify current details with a BC lawyer, notary, or licensed tax professional before acting.

No. The BC Home Flipping Tax under the Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, is a separate provincial tax administered by the BC Ministry of Finance (as of 2026-07-27 — verify current). The federal anti-flipping rule is an Income Tax Act (Canada) measure that deems certain short-term residential property sales as business income for federal income tax purposes. The two taxes are filed separately and may both apply to the same transaction. Verify your obligations under both regimes with a licensed tax professional before acting.

Under the Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, the rate is 20% (as of 2026-07-27 — verify current) of the profit if the property is sold within 365 days (as of 2026-07-27 — verify current) of acquisition. The rate declines on a sliding scale to 0% by day 730 (as of 2026-07-27 — verify current). Verify current rates and the calculation method with a BC lawyer, notary, or licensed tax professional before acting.

Under the Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, primary residences owned 365 days (as of 2026-07-27 — verify current) or more may qualify for a deduction of up to $20,000 (as of 2026-07-27 — verify current) from the taxable profit. The deduction reduces or eliminates the tax depending on the profit amount and holding period. Verify your eligibility for the primary residence deduction with a BC lawyer, notary, or licensed tax professional before acting.

The Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, applies to residential property in British Columbia sold within 730 days (as of 2026-07-27 — verify current) of acquisition, effective January 1, 2025 (as of 2026-07-27 — verify current). The BC Ministry of Finance defines the scope of "residential property" under the Act. Verify whether a specific property type (e.g., single-family, strata, vacant land) is captured with a BC lawyer, notary, or licensed tax professional before acting.

The Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, provides for certain exemptions and deductions, including the primary residence deduction of up to $20,000 (as of 2026-07-27 — verify current) for properties owned 365 days (as of 2026-07-27 — verify current) or more. Other exemptions may be available in specified circumstances such as divorce, death, employment relocation, or other life events as set out in the Act and BC Ministry of Finance policy. Verify your eligibility for any exemption with a BC lawyer, notary, or licensed tax professional before acting.

The Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, came into effect January 1, 2025 (as of 2026-07-27 — verify current). It applies to dispositions of residential property on or after that date where the holding period is less than 730 days (as of 2026-07-27 — verify current). Verify current effective dates and any transitional rules with a BC lawyer, notary, or licensed tax professional before acting.

Under the Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, the holding period is generally calculated from the date of acquisition to the date of disposition. The BC Ministry of Finance administers the calculation rules, including how the 730-day threshold (as of 2026-07-27 — verify current) is measured and whether specific dates are included or excluded. Verify the calculation method for your transaction with a BC lawyer, notary, or licensed tax professional before acting.

The Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, and BC Ministry of Finance filing requirements determine whether a return must be filed when an exemption or deduction applies. Filing may be required to claim the primary residence deduction of up to $20,000 (as of 2026-07-27 — verify current) or other exemptions. Verify your filing obligations with a BC lawyer, notary, or licensed tax professional before acting.

The Residential Property (Short-Term Holding) Profit Tax Act, SBC 2024, is the governing statute. The BC Ministry of Finance publishes guidance, forms, and bulletins at www.gov.bc.ca (as of 2026-07-27 — verify current). For authoritative interpretation of the Act and its application to your specific circumstances, verify current details with a BC lawyer, notary, or licensed tax professional before acting.