Airbnb Conversion Triggers HST on Resale: A Cautionary Tale from the Tax Court of Canada
A recent decision by the Tax Court of Canada has made it clear that turning your long-term rental into an Airbnb could trigger a significant and unexpected GST/HST liability on resale. In 1351231 Ontario Inc. v. The King, 2024 TCC 37, the Court upheld a CRA assessment of over $80,000 in GST/HST, finding that a […]