10 October 2024 APFF Financial Strategies and Instruments Roundtable Q. 4, 2024-1027831C6 F - Revente précipitée et changement d'usage -- summary under Subparagraph 45(1)(a)(i)

CRA noted that a deemed disposition and reacquisition under the change-of-use rules in s. 45 apply only for purposes of the capital gains rules in subdivision c of Division B, and not for purposes of the flipped property rules in s. 12, so that the flipped property rules would not be engaged by virtue only of a housing unit having had such a change of use within 365 days of its sale.