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.
Electronic Payments: CRA Enforcement
Posted on October 29th, 2025 in Domestic Tax
Since January 1, 2024, most remittances or payments to the Receiver General (e.g. GST/HST and income tax) in amounts exceeding $10,000 have been required to be made by electronic payment unless the payer or remitter cannot reasonably do so. A penalty of $100 can apply for each failure.
In June 2025, CRA advised CPA Canada that they will not currently enforce these penalties and will give advance notice if this changes. Meanwhile, it will focus on educating and encouraging taxpayers to make electronic payments, including those made through banks, credit unions, online banking, CRA portals, or third-party providers.
Although CRA is not currently assessing penalties, taxpayers should consider switching to electronic payments now to avoid surprises if/ when enforcement begins.
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