Whereas income tax on secondary suites and in-home rentals serves as a financial barrier for homeowners, discouraging them from making these spaces available for long-term rental and adding unnecessary administrative burdens; And whereas removing this tax would incentivize homeowners to offer more long-term rental housing, alleviating rental shortages and reducing reliance on short-term rentals, thereby increasing housing stability in communities: Therefore be it resolved that the UBCM petition the federal and provincial governments to eliminate income tax on secondary suites and in-home rentals as a means to encourage more long-term rental housing, simplify administrative processes for homeowners, and support efforts to address the housing crisis.
