CRA ANTI FLIPPING RULE😱?! | What This Means For Real Estate

The CRA anti flipping rule will be coming into effect January 1st, 2023 and this change will be affect both investors and homeowners nation wide. It's important to take note of the CRA anti flipping rule even as a homeowner, this does not just affect investors. In this video, I explain what the anti flipping rule entails and what you can do to avoid any repercussions. Staying on top of real estate laws will help you save a lot of money in the long run, always seek the advice of a Real Estate Account or a Tax Lawyer to point you in the right direction.
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🤔Thinking of moving to Calgary Alberta? 🤠
📝 Let Us Help! bit.ly/3h6c2G3
📱 Call or Text: [phone]
📨 Email: [e-mail]
📆Schedule a Zoom Call: calendly.com/adriel-chablal

[@totalequityconstruction]

Thanks for the video. That's why flippers need to get on board with the new way to flip properties without owning them. Will completely change the way flipping is done.

[@snazzyd6915]

Can someone explain why flpping is cosidered a "bad" thing that needs to be penalized like this? Maybe I just have the HGTV version of the business, but it seems to me that people who buy depressed properties, make them a lot better and then sell for a higher market price that the supply and demand market dictates....is a good thing for all involved. Is it better to leave rundown properties as-is so that they're more "accessible" to people who weren't buying them anyway?!