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Tapioca · 06-13-2016, 09:09 AM

To be honest, I think AirBNB I only an issue in certain areas of Metro Vancouver, like downtown Vancouver. People are upset because they feel that temporary rentals shouldn't take away their chance at renting an apartment in the heart of the city.

NYC and San Fran are 2 desirable cities that have taken action to reduce the amount of AirBNB activity. I think the City of Vancouver should study what they're doing and how effective their actions have been.

People who have not been reporting their AirBNB income should be reported and should be forced to pay their taxes. However, like illegal basement suites, CRA doesn't care if the income is drawn from activities that violate local bylaws. And if income from AirBNB were taxed as business income, well people would just incorporate and pay lower corporation taxes.

06-13-2016, 09:09 AM	#6687
Tapioca OMGWTFBBQ is a common word I say everyday Join Date: Apr 2001 Posts: 5,208 Thanked 2,808 Times in 1,250 Posts Failed 81 Times in 54 Posts	To be honest, I think AirBNB I only an issue in certain areas of Metro Vancouver, like downtown Vancouver. People are upset because they feel that temporary rentals shouldn't take away their chance at renting an apartment in the heart of the city. NYC and San Fran are 2 desirable cities that have taken action to reduce the amount of AirBNB activity. I think the City of Vancouver should study what they're doing and how effective their actions have been. People who have not been reporting their AirBNB income should be reported and should be forced to pay their taxes. However, like illegal basement suites, CRA doesn't care if the income is drawn from activities that violate local bylaws. And if income from AirBNB were taxed as business income, well people would just incorporate and pay lower corporation taxes.