Renovate and flip might be costly

Many are aiming to make a quick profit with renovating and flipping a property or two, but at the end, the profits might be reduced dramatically by taxes, an article from the Financial Post:

http://business.financialpost.com/2015/01/10/how-a-woman-who-flipped-6-properties-in-2-years-fell-afoul-of-the-taxman/

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