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Canada’s Grocery Code of Conduct: What Shoppers Should Expect in 2026

Starting in 2026, Canada will officially implement its Grocery Code of Conduct , a landmark agreement designed to reshape the relationship between grocery retailers and their suppliers. While this initiative has been years in the making, many Canadians are wondering what it will mean for their weekly shopping trips. What Is the Grocery Code of Conduct? The code is essentially a set of rules agreed upon by major grocery retailers and suppliers . Its purpose is to ensure fairness, transparency, and predictability in the food supply chain. By establishing clear guidelines, the code aims to reduce disputes, foster collaboration, and strengthen Canada’s food system. Will Prices Go Down? One of the biggest questions for consumers is whether this code will lead to lower grocery bills. Experts caution against expecting dramatic price drops. Instead, the changes will likely be “invisible” to shoppers , focusing more on how retailers and suppliers interact behind the scenes. That said, by r...
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Richmond Man Fined $2M for Tax Evasion After Flipping 14 Homes

 

A serial property flipper in British Columbia, Balkar Bhullar, has been fined over $2 million for tax evasion. Bhullar, who flipped 14 homes between 2011 and 2014, failed to report nearly $7.5 million in earnings. The Canada Revenue Agency (CRA) announced that Bhullar was given a conditional sentence of two years less a day on December 19, 2024, and fined $2.15 million, matching the amount of unpaid federal income tax.

Bhullar pleaded guilty to one count of tax evasion on August 3, 2023, relating to undeclared income from assignment fees on the properties. The CRA has been making significant progress in uncovering and addressing tax cheating in the real estate sector. 

In response to such cases, a new home-flipping tax will come into effect in B.C. on January 1, 2025, with a tax of up to 20% applying to homeowners who sell properties within two years of buying. The revenue collected from this tax will go toward housing programs.

B.C.'s Finance Minister Brenda Bailey stated that measures like the home-flipping tax aim to ensure more affordable homes for buyers and renters and discourage speculative investors from buying houses for a quick profit.

The B.C. Real Estate Association has criticized the tax, arguing that it may cause sellers to delay listing their homes, lowering resale housing supply and tightening market conditions.




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