I'm just wondering how to handle the capital gain tax between me and my partner.

Having been in the lending space for a while now,  Interest income is not passive - its considered/taxed as ordinary income- just like interest you receive from your bank and savings account.Regarding profit and expenses from a flip, "that depends" on many factors but again if its short term capital gains, its not tax friendly.As always consult with your tax advisor / CPA. 

Hello Drew, thanks for sharing this is valuable information.

The overall gain on the sale of the original property was over $500K, and I received $500K in cash.

Connecting with local agents who specialize in investment properties can offer valuable insights into the market's current state and potential opportunities.Networking with Local Investors. 

But probably more valuable is my day-to-day experience.

Short term capital gains for our bracket would be 20%.

Am I subject to any tax or capital gains tax on that 100k?

It’s a niche, but a valuable one for Canadian investors looking to diversify into U.S. markets.

Would love to buy you a coffee or anything to gain some first hand experience from you if you have time!