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BC has collected nearly $43M in Airbnb taxes this year

Airbnb has provided a nice injection of tax dollars for the BC government.

The short-term rentals company has generated a total of $42.9-million in tax revenue for the province over the past year.

Following an agreement made in February 2018, Airbnb agreed to collect provincial and municipal taces through its platform and remit them to the province.

Of the $42.9-million, $33.7-million came from an 8% provincial sales tax (PST) charged by Airbnb, while the other $9.2-million was collected through the 3% municipal and regional district tax (MRDT).

Funds collected from the MRDT is passed on to communities across the province in an effort to promote local tourism.

“Airbnb is proud to be providing significant contributions to affordable housing and tourism promotion initiatives in British Columbia,” said Alexandra Dagg, Airbnb Canada’s director of public policy. “We commend the provincial government for their smart and progressive approach on this issue.”

The tax agreement with BC to collect and remit the PST is the first of its kind in Canada.



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