Rental Income, Short Term Rental, Airbnb & First Time Home Buyer

Add to CartProceed to Checkout
120 Minutes

Buying your first home is a major milestone — and Canada’s tax system offers several programs to help you get there. But what if you also plan to rent out part of your home, list it on Airbnb, or generate other types of income from it?

This webinar is designed for first-time home buyers and homeowners who want to understand both the benefits and responsibilities of homeownership — from RRSP and FHSA withdrawals to rental income reporting and tax credits. Whether you’re in the planning stage or already moved in, this session will help you make informed and compliant financial decisions.

PD Credit Opportunity

By attending, participants will earn 2 Professional Development (PD) credits. This is a valuable opportunity to expand your knowledge, satisfy your annual PD requirements, and stay at the forefront of recent tax law changes that will influence client service and tax preparation strategies in the coming year.

What You Will Learn in This Webinar

First-Time Home Buyer Support Programs
  • How to use the RRSP Home Buyers’ Plan (HBP) to fund your down payment.
  • Overview of the First Home Savings Account (FHSA) and how to withdraw tax-free.
  • How to claim the First-Time Home Buyers' Tax Credit and eligibility rules.
Reporting Income from Your Home
  • How to declare rental income if you rent out part of your home.
  • What qualifies as Airbnb or short-term rental income and how it is taxed.
  • What home expenses can be claimed to offset rental income.
Understanding Capital Gains & Principal Residence Exemptions
  • How renting part of your home may affect your future capital gains exemption.
  • Record-keeping tips to stay compliant.
Common Mistakes and CRA Audit Triggers
  • What red flags to avoid.
  • When and how to file rental statements (T776).
About Our Speaker

Led by a senior Canadian tax expert specializing in cross-border and non-resident taxation, this session will combine practical filing examples, real CRA guidance, and valuable planning strategies to help you serve international clients or manage your own obligations confidently.

Amit Patel
  • Specialized in Personal and Business Tax Returns.
  • Over 10 years of teaching experience.
  • Known for simplifying complex tax topics into practical, real-world advice.

What Attendees Are Saying About Our Webinars!

Terry Brown

June 19, 2025

verify

Verified purchase

Understanding Corporate Taxation

The presentation was very good and It provided a great refresher with many great examples

Cheryl Senechal

June 19, 2025

verify

Verified purchase

Understanding Corporate Taxation

I have a few years to file and had no idea where to start. Can't afford an accountant. I feel better prepared to jump in now.

Anita Tiwari

June 19, 2025

verify

Verified purchase

T2125, HST & Payroll Essentials: A Practical Guide for Self-Employed and Small Business Owners

The presentation was very good and It provided a great refresher with many great examples