The federal government wants to accelerate the supply of long term residential housing and one way they intend to do this is to “crack down” on non-compliant short term rental owners and deny their income tax deductions when filing a tax return, starting January 1, 2024, according to proposals in the Fall Economic Statement released November 21, 2023. What exactly will this mean in practice for taxpayers and their advisors in 2023; will it actually work to meet goals, and how will this affect the integrity of the tax system overall?