Income tax rules in Canada for airbnb hosts.

Ernie2
Level 1
Winnipeg, Canada

Income tax rules in Canada for airbnb hosts.

How do we claim the income we got from airbnb in 2015? Canadian income tax?

17 Replies 17

Has anyone deducted an alternative accomodation expense for when I have AirBnB customers, hotel cost or mileage to stay with a friend?

For T776 with CRA.

Hi I also was wondering if you a property outside of Canada. We are subject to that countries taxation but do we have to declare that income here in Canada?

 

Canadian residents are subject to taxation on their world wide income.  Income taxes paid to another country that is part of a tax treaty is a credit to your Canadian income tax.  Hope this helps.

https://www.fin.gc.ca/treaties-conventions/in_force--eng.asp