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Numerous times I hear from people looking to invest in a vacation rental that if they 'only advertise with AirBnB' then any other regulations, legal implication, tax implication just don't apply.
So let me be clear. AirBnB is a for profit online travel agent period. There isn't anything magical about them that make usurps your property from the rules or declaring it as income or having to collect sales tax or not needing the right insurance.
If your property is in Canada then there are a whole bunch of different things to consider during your due diligence:
1. what income tax issues can I face? Regulations for resident Canadians differ from non resident Canadians. Short term Rental... |