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.
Tax Lawyer North York: Understanding the Proposed Changes to the Capital Gains Inclusion Rate
Stay informed about the proposed changes to the capital gains inclusion rate announced in the 2024 Federal Budget. Our experienced tax lawyers in North York provide expert guidance, legal representation, and strategies to minimize tax liability and protect your financial interests. Contact us today for personalized advice and solutions.