whats the rule on flipping houses in canada ? do i have to live in it for so long ?
- babyboomer1001Lv 73 years ago
Flipping houses in Canada is illegal. Realtors have a duty to sell the house for the highest value. Unless Canada's laws have changed recently... and that's too much research for this arena.Source(s): Certified Paralegal, with 25+ years' experience & with Real Estate law experience in Canada.
- Jimmy CLv 73 years ago
There is no rule, but if you keep doing it and that looks to the income tax people to be your source of income, you might have to pay capital gains tax on each sale.
- troLv 73 years ago
not sure there are any rules