ATTENTION AIRBNB HOSTS IN CANADA!!

Discover how Bill C-47, the Budget Implementation Act for 2023, will reshape the landscape for Airbnb hosts in Canada. Learn about the new digital platform reporting rules, financial impacts, and essential compliance tips to avoid CRA penalties. This video covers crucial topics like income reporting thresholds, GST/HST requirements, and tax implications for property flipping. Stay informed on the deadlines and necessary forms, such as T-7776, and explore tools like QuickBooks to track your income and expenses. Whether you're a small-scale host or a non-resident, preparation is vital. Don't forget to like and share this video for more valuable tax tips! #Airbnb #BillC47 #TaxTips #CanadianTaxLaw #GST #HST #IncomeReporting #QuickBooks #CRACompliance
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Introduction

00:00:28
What Is Bill C-47?

00:01:02
Who’s Affected?

00:01:42
How It Impacts Your Taxes

00:02:26
Tips to Stay Compliant

00:03:10
Outro & CTA