06/04/2026
➡️ Renting out a property through Airbnb or other short-term rental platforms may generate taxable income in Canada.
♦️ Income earned from short-term rentals must generally be reported on your tax return.
♦️ Certain expenses related to the rental activity may be deductible, including property taxes, utilities, insurance, cleaning, and maintenance costs.
♦️ Keeping accurate records of both income and expenses is essential for proper tax reporting.
Understanding your tax obligations as a property owner can help you stay compliant and maximize eligible deductions.
📩 If you are unsure how to report your rental income, feel free to contact our office for professional assistance.
📞 647-861-2099
✉️ [email protected]