👉British Columbia's government plans to introduce a tax of up to 20% on profits from property sales within two years of purchase. The rate, active for a year post-purchase, gradually decreases to zero between days 366 and 730. Finance Minister Katrine Conroy aims to curb housing speculation, stating the tax targets "bad actors." Scheduled for implementation on Jan. 1, 2025, the tax applies to properties sold before then. Sellers could face a 10% tax after 1.5 years, lifted after two years. The measure is part of 20 pieces of legislation requiring passage within the next three months.✅ . 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐋𝐚𝐰 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐚𝐰 𝐂𝐫𝐢𝐦𝐢𝐧𝐚𝐥 𝐋𝐚𝐰 𝐒𝐢𝐦𝐦𝐢 𝐂𝐡𝐚𝐜𝐤𝐨 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐚𝐥 𝐋𝐚𝐰𝐲𝐞𝐫, 𝐂𝐡𝐚𝐜𝐤𝐨 𝐋𝐚𝐰 📲+𝟏 𝟒𝟏𝟔-𝟓𝟎𝟗-𝟗𝟓𝟎𝟖 📧𝐬𝐢𝐦𝐦𝐢@𝐜𝐡𝐚𝐜𝐤𝐨𝐥𝐚𝐰.𝐜𝐚 @chackolaw.ca . . #BCHousingTax #PropertySales #HomeFlippingTax #RealEstateSpeculation #HousingMarket #BCGovernment #Legislation2025 #mnm #malayalisnearmeapp #canadaupdate #canadanews