CRA claws back $458 million in pandemic-era wage subsidies after partial audit. The government will prohibit property owners from deducting expenses on short-term rentals in areas where those services are already limited by other levels of government.
The tax change is meant to crack down on property owners who flout local regulations. A shortage of available homes to rent is an issue in places like British Columbia.
CRA Wage Subsidies Audit Tax Change Short-Term Rentals Property Owners Local Regulations Rental Homes British Columbia
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