Fiscal and Financial Planning Guide 2024-2025

Owners > Short-term rental (ex: Airbnb)

It is important to note that owners who make or plan to make short-term rentals (period of less than 30 days), whether through digital platforms such as Airbnb or other means, should be aware of the significant potential tax implications both in terms of income taxes and consumption taxes (GST/QST). Do not hesitate to contact your advisor on this matter.

Non-conforming short-term rentals

Again, to curb real estate speculation, the federal government announced in its fall 2023 economic statement its intention to disallow rental expenses (e.g. mortgage interest, property taxes, insurance, condominium fees) when renting on a short-term basis:

  • is prohibited in the province or municipality;
  • does not meet provincial or municipal licensing or registration requirements.
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