US EditionPrecipitous Sale of a Property
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Since January 1, 2023, a new law to combat "real estate flips" and stabilize the real estate market in Quebec provides that profits from the resale of residential real estate held for less than 365 days will be taxed 100% as business income, at a tax rate of up to 53% for taxpayers subject to the tax.
·Mont-Tremblant, Canada
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