Getting started

Flip property is considered as Self-Employment. TurboTax Online will prompt you to use the appropriate edition needed for your tax situation. 

 

As per CRA, starting January 1, 2023, any gain from the disposition of a housing unit (including a rental property) located in Canada, or a right to acquire a housing unit located in Canada, that you owned or held for less than 365 consecutive days before its disposition is deemed to be business income and not a capital gain

 

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