In the eyes of the Canada Revenue Agency, any income earned by renting out your home or other property is considered to be rental income – even if it’s just for a night or two, every once in a while. Like other types of income, the money you make from your rental must be reported to the government as income on your personal income tax return. Before you have any second thoughts, keep in the mind the good news, that since you’re reporting the income, you are also able to deduct expenses related to that income.
By visiting our TurboTax article Earning & Reporting Income From Airbnb you will find the information for your answer.
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