Remarks by the Deputy Prime Minister on delivering a tax break for all Canadians and cracking down on short-term rentals
December 10, 2024
Today, the Deputy Prime Minister Chrystia Freeland delivered remarks on the government’s plan to deliver a tax break for all Canadians and crack down on short-term rentals.
Tax Break for All Canadians
The government will introduce a tax break that will provide a one-time, non-refundable tax credit of up to $500 for individuals and $1,000 for families. This tax break will provide direct financial relief to all Canadians.
“This tax break will put money back in the pockets of Canadian families who are facing rising costs,” said the Deputy Prime Minister. “We know that Canadians are working hard, and we want to make sure that they are getting the support they need.”
Crackdown on Short-Term Rentals
The government will also introduce new measures to crack down on short-term rentals. These measures will include:
Requiring short-term rental operators to register with the government Imposing a new tax on short-term rentals Increasing enforcement of existing regulations
“Short-term rentals are having a negative impact on our housing market and our communities,” said the Deputy Prime Minister. “We are taking action to address this issue and ensure that Canadians have access to affordable housing.”
These measures are part of the government’s plan to make life more affordable for Canadians. The government is also working to increase the supply of affordable housing, invest in public transit, and provide better support for seniors and low-income Canadians.
“We know that Canadians are facing challenges,” said the Deputy Prime Minister. “We are committed to taking action to make life more affordable and to build a stronger future for all Canadians.”
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