Whistler Ski-in/Ski-out Real Estate For Sale

Estimated reading time: 5 minutes

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Key Takeaways

The article discusses two types of flipping tax: the BC Flipping Tax and the Federal Flipping Tax.
The BC Flipping Tax imposes a penalty of an additional 20% on property gains sold within 365 days, gradually decreasing to 0% by 730 days.
The Federal Flipping Tax, effective January 2023, treats gains from properties sold within 365 days as business income, fully taxable at the individual’s rate.
Starting January 1, 2025, a new BC home flipping tax will target short-term property sales, adding to the existing federal tax.
It’s crucial for property sellers to consult a Whistler accountant to navigate these complex tax implications and potential exemptions.

Estimated reading time: 4 minutes

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TW fees were introduced to fund tourism marketing in Whistler, specifically for properties on resort land.
There are two types of TW fees: commercial fees for nightly rentals and common fees for residential properties.
Annual payment for TW fees is due by March 31st, and owners can split payments into 10 monthly installments.
The calculation of TW fees varies by property type, with specific billing units and rates for residential and commercial accommodations.
Buyers of properties on resort land must consider TW fees during the purchase process, as these fees transfer with the property.

Estimated reading time: 4 minutes

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Non-residents selling property in Canada face withholding tax on capital gains, requiring a hold-back of 35% to 50% at closing.
The seller’s accountant must file T2062 within 10 days of the sale, prompting the CRA to determine the final withholding tax amount.
After the tax is paid, the CRA issues a Certificate of Compliance, allowing the seller to access their hold-back funds.
Non-residents should consult a local accountant for personal tax returns, which may result in refunds related to withholding tax.
Tax treaties can prevent double taxation on capital gains for non-residents selling property in Canada.

Estimated reading time: 8 minutes

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FINTRAC is Canada’s financial intelligence unit, aiming to prevent money laundering and terrorist financing through strict identity verification procedures.
Real estate agents must verify clients’ identities and the source of funds, with serious consequences for non-compliance.
As of October 2025, realtors are legally responsible for collecting information on unrepresented parties in transactions.
When buying through a corporation, directors must provide documents like certificates of incorporation and corporate bylaws for compliance.
The lawyer does not collect FINTRAC information, making realtors the sole data collectors for this purpose.

Estimated reading time: 3 minutes

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Limited supply leads to increasing house prices and frustrated buyers in multiple offers situations.
The GVR introduced the Disclosure of Multiple Offers Presented (DMOP) form to ensure fair presentation of offers and boost buyer confidence.
The seller’s agent completes the Disclosure of Multiple Offers Presented (DMOP) form for listings with multiple offers and shares it with buyer’s agents after a decision is made.
The Disclosure of Multiple Offers Presented (DMOP) form lists the date of each received offer and the buyer’s brokerage, balancing transparency and privacy.
Buyers receive, from their realtor the completed DMOP form within one day after the seller accepts or rejects offers.