business or personal tax?

[Marjan73]

Hello, I'm currently hosting one room in a two-bedroom apartment on Airbnb (Canada) and thinking about growing my hosting in the future. I'd like some advice on the best tax approach for my Airbnb activity. Could you help me understand the pros and cons of setting it up as a business/corporation versus reporting it as personal income? I'm also interested in any details about expenses, requirements, and potential tax benefits. Thank you!

[Helen3 · Accepted solution]

This is something you need to speak to an accountant about. Your tax office for your country should have a website showing you about what expenses are allowable @Marjan73 

[Marjan73]

Thank you Helen