File a return for the BC home flipping tax

On this page:

• File your return using eTaxBC
• Due date for filing a return
• Examples for filing a return
• Penalties and interest
• Payment instructions

File your return using eTaxBC

File your return directly with the Ministry of Finance using eTaxBC.

How to find out if you need to file a return.

File your BC home flipping tax return

Note: The BC home flipping tax return is separate from your annual income tax filings with the Canada Revenue Agency.

Due date for filing a return

You must file a BC home flipping tax return within 90 days of disposing of a taxable property if you have owned that property for less than 730 days. 

A tax return is required to be filed even if your net taxable income from the disposition is $0 and you have no tax owing (a loss from a disposition is deemed to equal a net taxable income of $0) or you’re claiming an exemption, unless the exemption is listed as not requiring a return to be filed.

Examples for filing a return

The table below provides examples of the tax returns that are required to be filed for various dispositions of taxable property.

Ownership of taxable property disposed	Ownership of taxable property acquired	Tax returns to be filed
Sole owner Owner of 100% beneficial interest in taxable property	Sole owner Owner of 100% beneficial interest in taxable property	1 tax return
Joint tenancy  2 persons	Sole owner Owner of 100% beneficial interest in taxable property	2 tax returns Each of the 2 owners in joint tenancy is considered to have disposed of a 50% beneficial interest in the taxable property
Tenancy in common 2 persons, each owning 50% beneficial interest in the taxable property	Sole owner Owner of 100% beneficial interest in taxable property	2 tax returns Each of the 2 owners in tenancy in common is considered to have disposed of a 50% beneficial interest in the taxable property

Penalties and interest

If you do not file your BC home flipping tax return and pay the tax by the filing due date, you’ll be charged penalties and interest.

If penalties or interest resulted from circumstances beyond your control, you may request a waiver of penalties and interest.

Payment instructions

To pay your BC home flipping tax when it is filed, refer to the instructions in Pay the BC home flipping tax.