On January 20, 2025, the Government made regulations under the Act (the regulations) and launched the short-term rental registry (the Registry)....more
Since the publication of our blog, Tenants Beware: The Risks of Landlord Tax Liabilities, draft legislation released by the Department of Finance on August 12, 2024, has proposed a change to the Income Tax Act (Canada) (the...more
10/2/2024
/ Canada ,
Commercial Leases ,
Commercial Property Owners ,
Commercial Tenants ,
Landlords ,
Property Owners ,
Property Tax ,
Property Valuation ,
Rental Property ,
Residential Leases ,
Tax Liability ,
Tenants
A recent ruling from the Tax Court of Canada underscores the significance of tenants verifying their landlords' residency status in adhering to any obligations to withhold taxes in accordance with Part XIII of the Income Tax...more
On October 26, 2023, Bill 35, the Short-Term Rental Accommodations Act received royal assent. Bill 35 was introduced as part of the NDP’s Homes for People Action Plan to combat the housing crisis and intends to regulate...more