New Tax Rules for Short-Term Rentals: What Property Owners Need to Know
Introduction If you rent out a short-term rental property in Canada, new tax regulations could significantly impact your income tax deductions. As of January 1, 2024, the federal government has introduced strict rules denying deductions for non-compliant short-term rentals. This means that if your short-term rental is not properly registered, licensed, or permitted in your […]