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Published: March 25, 2024

One Canadian tax expert acknowledges the tax could discourage the return of long-term rentals from the short-term category. “The policy of enhancing or creating more rental stock is an innocent bystander of existing rules,” Toronto-based tax specialist David Rotfleisch told CoStar News in an interview.

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"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

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