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Federal economic update targets short-term rentals

OTTAWA—The federal fall economic update released this past week has implications for those aiming to claim certain deductions related to expenses incurred while earning short-term rental income—a burgeoning issue for many municipalities. According to the update, starting January 1, 2024, short-term rental operators will not be able to deduct expenses incurred to earn rental income, […]

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Article written by

Michael Erskine
Michael Erskine
Michael Erskine BA (Hons) is a staff writer at The Manitoulin Expositor. He received his honours BA from Laurentian University in 1987. His former lives include underground miner, oil rig roughneck, early childhood educator, elementary school teacher, college professor and community legal worker. Michael has written several college course manuals and has won numerous Ontario Community Newspaper Awards in the rural, business and finance and editorial categories.