Alberta Tourism Levy

Alberta Tourism Levy

This course will cover details on when the Alberta Tourism Levy applies, how to register, how to collect the levy from guests and how to analyze your numbers from Airbnb and other channels to file your return. On time filing is important as there are significant penalties and interest charged for non compliance. Here is the course outline:

Part 1:

Introduction to the Alberta Tourism Levy – what are the rules, the exceptions and how does the overall program work

Implications of not reporting – many people are unaware that this is required as it was announced with less than a week notice and has been in place since April 1, 2021. People who have short term rentals that do not comply can face significant penalties and interest.

Part 2:

Registration and Deadlines – this will go through the details of how to register your properties in TRACS: the Government of Alberta system for doing your Alberta Tourism Levy Return.

Setting up the tax in Airbnb – this will cover the steps in Airbnb for setting up taxes.

Part 3:

Getting tax information from Airbnb – the reporting is a bit tricky to find so we will cover how to find your information.

Analyzing the data in Excel from Airbnb and from multiple platforms – we will cover some Excel sorting and functions for getting our numbers together.

Filing your return – we will go through a specific example of tax filing with screen shots so you can apply to your own properties.

Short term rental hosts in Alberta are required to collect, report and remit the Tourism Levy or could face penalties

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What you will learn

• Short term rental hosts in Alberta need to file Tourism Levy Returns and this course will go through the steps from registration to filing.
• You will learn how to pull and analyze information from Airbnb and what to do if you didn't collect the levy.
• Step by step instructions will be provided on how to register, analyze your data, prepare and file your return.

Rating: 4.16667

Level: Beginner Level

Duration: 42 mins

Instructor: Linda Hayes