Sale of the residential properties used as short-term rentals are subject to GST/HST.

The short-term rental market became very popular over the last few years, and a hot topic. Since this is a complex tax issue, we will only suggest anyone who is thinking about selling, buying or changing the use of residential property to short term rentals to contact a qualified professional. In the meantime, below are links to comments written by qualified professionals on this subject.

Pallett Valo LLP – Tax court of Canada holes that the sale of an Airbnb rental property is subject to GST/HST.

SV Law – GST consequences for short-term rental property explained.

RLB CPA – GSTHST Implications of short-term rental properties.

McCarthy Tetrault – Mix of short and long-term rentals: look out for the GST/HST/QST implications.

Real Estate Tax Tips – Airbnb Taxes Every Host Should Know.

Needless to say, when considering short-term rentals please contact a qualified professional for advice.