📢 Canadian Airbnb Owners: New Tax Alert! 🇨🇦🏡

Canadian Airbnb owners may now face a 13% HST when selling their property! 💸

In a recent tax ruling, the Tax Court of Canada has classified short-term Airbnb rentals as commercial rather than residential—meaning HST applies if your property resembles a hotel-like business model 🏨.

🔍 Key Points:

Applies to rentals under 28 days if operated like a hotel 🛎️

Case in point: An Ottawa owner received a $77k tax bill after 9 years of renting out her property! 😱

If you rent your property 90% of the time or more, you could be affected 💼

Does This Apply to You? 👀
Consult your accountant for clarity as the 90% rule is still a bit vague!

💬 What do you think?
Should Airbnb owners be hit with this extra tax? Comment below—I’d love to hear your take! 👇

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