The budget also pledges to introduce a home flipping tax to deter real estate speculators and a commitment to provide one cycle of free invitro fertilization to anyone who wants to start a family, Finance Minister Katrine Conroy said Thursday.
The electricity credits will appear on customer bills starting in April and run to March 2025, Conroy said. "To those who just want to make a quick buck by flipping homes, things are about to get more difficult," she said."If a home is sold within two years of purchase, the profit will be taxed."The budget includes a program to fund one cycle of free in vitro fertilization to anyone who wants to start a family.
"When government is spending this recklessly, it drives inflationary pressures, which impacts groceries, it impacts housing, it impacts everything that is already affecting British Columbians.” "What we're seeing in this budget, quite frankly, is a completely unrealistic picture designed simply to try to get votes," he said.