B.C. tax revenue is clashing with short-term rental restrictions, according to new claims by Airbnb.
Hosts renting out space in B.C. communities through Airbnb generated $93 million in taxes in 2023, the vacation rental company said last week.
This accounts for $23 million in municipal and regional district taxes (MRDT) and $69 million in provincial sales taxes (PST).
“B.C.’s new short-term rental law is going to significantly impact the number of affordable accommodations across the province, particularly with peak tourism season around the corner. And with B.C. facing a nearly $8-billion deficit, the province also stands to lose tax revenue generated by short-term rentals,” Nathan Rotman, policy lead for
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