MONTREAL — The Quebec government has announced new rules that will force people who rent property on Airbnb to register their short-term-rental units, according to Global News.
The regulations, which come into effect in the fall, will require property owners and sub-letters to pay an administration fee of $50 to $75 to register with Revenue Quebec. Tourism Minister Caroline Proulx says people who rent their properties will now have to collect provincial and federal sales tax, as well as a lodging tax, and will have to claim their revenue.
Fines for violating the new regulations can reach up to $10,000 for an individual and $25,000 for a corporation.
The Quebec Hotel Association applauded the news, saying the current industry is a bit of a free-for-all, which ultimately affects the bottom line of its association’s members.
Alex Dagg, the Public Policy manager for Airbinb, says the company is disappointed with the decision but is looking forward to seeing how the new regulations affect people that use the platform.
