New Airbnb Tax in Ontario Real Estate: What You Need to Know

Learn how the Canada Revenue Agency’s new tax rules impact Airbnb hosts in Ontario. Discover how short-term rental income and the sale of real estate and condos that have been used in Airbnb is taxed as business income rather than capital gains, with HST requirements and income tax implications. Find out why consulting a North York tax lawyer can help you stay compliant and maximize your rental profits.