Quick home flipping piques the interest of the CRA
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This is not new. The tax authorities have always viewed revenue from a business as taxable as income rather than cap gains. If one is in the business of buying and selling properties then the gains should be taxed as income. The issue is whether the conduct amounts to a business. This has been the case for decades.
I did read that somewhere. Pretty bad. They wont be happy until we are taxed 100%.