Owners of short-term rental properties, already reeling from restrictions brought in by the BC NDP, can expect to get a double-whammy this week courtesy of the federal government.
Finance Minister Chrystia Freeland is set to unveil tax code changes that would ban owners of Airbnb-style properties from writing off their rental expenses against their income, according to a report in the Toronto Star.
The change, to be announced in Tuesday’s economic update, would apply to areas that already restrict short-term rentals, such as British Columbia. It would come into effect Jan. 1, according to The Star ...
CLICK HERE for the full story
Comments
Post a Comment