RLB Blog

About the author: Julia Wilson
Julia graduated from the University of Guelph with a Bachelor of Commerce degree and a major in accounting. She also has her CPA Designation and is currently enrolled in CPA Canada’s In-Depth Tax Program. She joined RLB in 2023 as a Manager on the Accounting team and has an appreciation for business and learning about different industries. Julia is passionate about solving problems and helping others reach their potential, whether it’s helping other staff members, or clients, and loves being able to contribute to their growth and development. One of her favourite things about what she does is building positive relationships with clients and helping them achieve their financial and/or business goals.

New Residential Property Flipping Rules

New Residential Property Flipping Rules
February 8, 2023

On December 15, 2022, Bill C-32 received Royal Assent which included the new residential property flipping rules. This new rule aims to ensure profits from flipping residential real estate are subject to full taxation and not eligible for capital gains treatment or the principal residence exemption.

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