
April 15th, 2025
Short-term Rentals & GST/HST: The Hidden Tax Trap on Condo Sales
Switching to and from Airbnb or another form of short-term rentals can result in a GST/HST bill when a condo is sold or there is a change in use.
Posted on July 24th, 2024 in Domestic Tax, General Business
DJB provides guidance and assistance with all of your business start-up, tax, and accounting needs including:
There are 3 options for the legal entity of your business, we can help you determine what’s right for your business.
We can help you register with the following tax authorities:
The creation of a tax calendar is an important part of starting your business. DJB will help setup your tax calendar for services such as, Income Tax, Sales Tax (GST/HST), Ontario Employer Health Tax (EHT), Ontario Workplace Safety and Insurance Board (WSIB), and Employee Withholdings Tax (Source deductions), so that you won’t miss any filing dates and prevent penalties and/or late charges.
DJB will help you setup and plan your fiscal period. This is crucial to any business and can be stressful and costly if setup incorrectly.
Contact a DJB Professional today to get started!
Drop us a line, we look forward to hearing from you.