Something to Remember if you are Flipping homes!!!!!!

Are you a Real Estate Investor? Are you flipping Homes and making a profit? If so then the Canadian Tax man may be watching and want a piece of the action. How much will he want? Well that depends whether your profitable sale is treated as a capital gain, in which case only 50% is taxable, or business income, in which case 100% is subject to tax. Real the folliowing article to fing out how a Montreal Investor faired out with the Canadian Tax Man. www.financialpost.com

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