Home Show
  
My mom and I attended the home show last month. It is always neat to see innovative products. I did say I would not buy anything but came out with a patio shed and consultation for Shelf Genie.
BC Says No to AirBNB
B.C. has put in place new legislation to help municipalities regulate short-term rentals on sites like Airbnb, which provincial and municipal leaders say is affecting the availability and price of long-term housing.
The new rules passed their first reading on the BC Legislature Monday and include increasing fines for hosts breaking local municipal bylaw rules to $3,000 per infraction, per day, from $1,000.
All short-term rental platforms will also be required to share data with municipalities to improve local enforcement, although no private information about hosts will be released publicly.
In addition, all short-term rental platforms will have to include the business licenses and registration numbers of listings where they are required by a local government and must remove listings without those requirements quickly.
The province says the new rules, which will come into effect in stages from now through late 2024, are meant to create a minimum regulatory standard for housing available for rent for fewer than 90 days.
Read the entire article here: Click Here
Underused Housing Tax (UHT) Deadline to File Oct 31, 2023
Underused Housing Tax (UHT) is an annual federal 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022.
Affected owners have to file an annual return and pay the underused housing tax. Other affected owners have to file an annual return but not pay the underused housing tax. Excluded owners do not have to file an annual return or pay the underused housing tax.
𝗧𝗵𝗲 𝗱𝘂𝗲 𝗱𝗮𝘁𝗲 𝘁𝗼 𝗳𝗶𝗹𝗲 𝘆𝗼𝘂𝗿 𝗿𝗲𝘁𝘂𝗿𝗻, 𝗺𝗮𝗸𝗲 𝗮𝗻𝘆 𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻𝘀, 𝗮𝗻𝗱 𝗽𝗮𝘆 𝗮𝗺𝗼𝘂𝗻𝘁𝘀 𝘆𝗼𝘂 𝗼𝘄𝗲 𝗶𝘀 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟯𝟭, 𝟮𝟬𝟮𝟯.
The minimum penalties and interest for failing to file the return on time are $5,000 for individual and $10,000 for corporation.
Visit Government of Canada’s website for more information:
https://www.canada.ca/en/services/taxes/excise-taxes-duties-and-levies/underused-housing-tax/when-file.html
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