Determining whether you are considered as a resident or non-resident of Canada can be quite confusing given the fact that receiving rent from Canadian real estate or disposing of Canadian real estate can make you subject to Canadian income taxes. This article will help provide guidance for U.S. Residents who have Airbnb’s in Canada and the respective reporting requirements. For Non-Residents If you are a non-resident of Canada and you have taxable rental income in Canada as a res […] […]
Category: Airbnb Taxes
5 Tax Planning Tips for Airbnb Hosts
Airbnb hosts are at the forefront of the Sharing Economy movement. However, you should remember that running a rental is a business. Therefore, you’re responsible for your taxes. Airbnb tax planning can have a major impact on your tax bill, so having a plan is important. Measuring Airbnb Income The simplest way to account for […]