Posts

Posted on

Do non-resident CANADIANS pay UHT?

Estimated reading time: 2 minutes

Home » Page 2

Key Takeaways

  • Regardless of your country of residence, for UHT purposes you’ll be recognized as a Canadian citizen, rather than a non-resident.
  • Non-resident Canadian citizens do not pay Underused Housing Tax (UHT) if their name is on the property title.
  • Canadian ownership through a company name does not qualify for UHT exemption.
Continue reading “Do non-resident CANADIANS pay UHT?”
Posted on

Do buyers pay GST on PHASE 2?

Estimated reading time: 2 minutes

Home » Page 2

Key Takeaways

  • Phase 2 properties are condo-hotels that allow 56 days of personal use.
  • When you are not using your phase 2 condo, it must be in the rental pool.
  • Buyers do pay GST on the purchase of a phase 2 hotel-condo,
  • The GST on the purchase of a phase 2 condo hotel unit is deferred by applying for a GST number.
  • Investors prefer Phase 2 properties due to lower listing prices compared to residential or Phase 1 rentals.
Continue reading “Do buyers pay GST on PHASE 2?”
Posted on

Can I RENT out my Whistler property NIGHTLY?

Estimated reading time: 2 minutes

Home » Page 2

Key Takeaways

  • Whistler has specific zones for renting nightly, requiring a tourist accommodation zoning designation.
  • You cannot legally rent your Whistler property nightly if it only has residential zoning.
  • A business license from the Resort Municipality of Whistler is essential for operating a nightly rental property.
  • Rules around nightly rentals are complex and often change, so working with an experienced buyer’s agent is crucial.
Continue reading “Can I RENT out my Whistler property NIGHTLY?”
Posted on

Nightly Rental BUSINESS LICENSE Required

Estimated reading time: 6 minutes

Home » Page 2

Key Takeaways

  • Obtaining a business license is the top risk when buying a nightly rental property.
  • Delays in securing the business license can lead to lost revenue and complications with the municipality.
  • Unauthorized renovations can prevent the issuance of a business license and require thorough research.
  • A rental property manager cannot apply for a business license on behalf of the owner, but they can assist in the process.
  • The Resort Municipality of Whistler (RMOW) website is a key resource for understanding business license requirements.
Continue reading “Nightly Rental BUSINESS LICENSE Required”