[Verse 1] Empty mansions dot the street, nobody home for days One percent tax creeps up slow when vacancy stays Underused means trouble brewing, Revenue waits and sees UHT will find you hiding, pay the penalty fees [Chorus] Three percent or one percent, choose your housing fate Flip too fast, you'll pay the tax, business income rate Foreign buyers locked away, twenty percent their cost Know the rules or lose your tools, don't let money get lost [Verse 2] Bought and sold within twelve months, flipping rule takes hold Business income treatment now, no capital gains gold Primary residence exception, save your family nest Hold beyond the danger zone, put patience to the test [Chorus] Three percent or one percent, choose your housing fate Flip too fast, you'll pay the tax, business income rate Foreign buyers locked away, twenty percent their cost Know the rules or lose your tools, don't let money get lost [Bridge] GST rebate sliding down, four fifty thousand cap New home buyers feel the pinch, bridging affordability gap Ban exceptions carve the path, refugees and residents Spouse and children qualify, check the government [Verse 3] Twenty percent foreign tax, provincial measures bite UHT declarations due, April thirtieth deadline night Residential property flipping, CRA scrutinizes close Document your intentions clear, audit-proof your prose [Chorus] Three percent or one percent, choose your housing fate Flip too fast, you'll pay the tax, business income rate Foreign buyers locked away, twenty percent their cost Know the rules or lose your tools, don't let money get lost [Outro] Housing taxes multiply, compliance keeps you free Study hard these three big rules, master your decree
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