New legislative changes require short-term rentals to be compliant with the short-term rental laws in the municipality/province in which they are located in order to claim deductions. Short-term rental hosts were required to comply with these applicable provincial and municipal registration, permit, license, and operating requirements by December 31, 2024.
Note: All short-term rentals are subject to the new rules regardless of whether they are provided by a business or an individual.
For more information on accommodation sharing tax obligations, go to Sharing Economy.