Wise Property Management · Canada
What You Actually Keep.
City By City.
Enter your own nightly rate and your own nights. This applies the registration cost, the night cap and the accommodation tax that the municipality itself publishes, and the management fee, and tells you what is left. It does not guess what your property earns.
This calculator takes the nightly rate and the number of nights you enter, applies your market’s published night cap, registration cost and accommodation tax, subtracts the twenty percent management fee, and shows what reaches you. Every municipal figure is read off that city’s own site and linked. Nothing about your property is estimated.
Run Your Own Numbers
Two inputs from you, ten constants from the cities. Nothing about your property is estimated.
Both numbers are yours. This tool does not supply them, because a nightly rate invented for a property nobody has seen is a guess with a dollar sign on it.
Excludes mortgage, property tax, insurance, utilities, condo fees, furnishing, platform host fees and income tax. This is the management layer, not a pro forma.
How This Works, And What It Refuses To Do
A calculator is only worth the honesty of its constants. These are the four rules this one runs on.
Every Constant Is Sourced
The night cap, the registration cost and the accommodation tax for each market were read off that municipality’s own site and are linked at the bottom of this page. No figure here came from an aggregator or from memory.
It Does Not Guess Your Revenue
There is no occupancy assumption, no average nightly rate and no market benchmark in this tool. You supply those two numbers because only you know them, and a number I invented for you would be worth nothing.
The Cap Is Enforced, Not Suggested
Ask Victoria for 200 nights and it will calculate 160, because 160 is the legal ceiling. A calculator that lets you model an illegal year is a sales tool, not a calculator.
A Gap Is Shown As A Gap
Ottawa publishes two different permit fees and Prince Edward County publishes none. Those markets show no registration cost and say why. A blank you can see beats a number you cannot check.
The Constants, And Where Each One Comes From
Ten markets, read off each municipality’s own site on 16 September 2026. A dash is a figure the municipality does not publish, not a zero.
| Market | Night Cap | Accommodation Tax | Annual Registration |
|---|---|---|---|
| Calgary Alberta | Not published | 6% | $248 |
| Edmonton Alberta | Not published | 6% | Not published |
| Radium Hot Springs British Columbia | Not published | 8% | $450 |
| Toronto Ontario | 180 nights | 6% | $390 |
| Vancouver British Columbia | Not published | 13.5% | $1,208 |
| Victoria British Columbia | 160 nights | 11% | $250 |
| Ottawa Ontario | Not published | 5% | Not published |
| Whistler British Columbia | Not published | 11% | $700 |
| Squamish British Columbia | Not published | Not published | $500 |
| The Blue Mountains Ontario | Not published | 4% | $1,250 |
| Prince Edward County Ontario | 45 nights | 4% | Not published |
| Regina Saskatchewan | Not published | Not published | $100 |
Every figure above is linked to its source at the bottom of this page. Rules change. Confirm with the municipality before you list.
What This Deliberately Leaves Out
Naming the exclusions is what makes the inclusions worth reading.
Your Cost Of Owning It
Mortgage, property tax, insurance, utilities, internet, condo fees and furnishing are all outside this. This is the management layer, not a pro forma.
Cleaning
Turnover cleaning is billed to the guest as a turnover fee rather than to you, so it is not a deduction here. Supplies and linen replacement are yours and are not modelled.
Income Tax And Platform Fees
Your income tax position, GST or HST where it applies, and the host service fee your booking platform charges are not included. They are real and they are not mine to estimate.
The Market Pages
Every constant above is explained in full on the page for that city.
Calgary, AlbertaNo Residency Rule
Calgary does not require you to live in the property. It licenses a Non-Primary Residence short term rental outright, which makes it one of the few major Canadian cities an investor can still enter. It is also the city I live in, and the only market where the cleaning and maintenance crews are my own companies rather than a vendor I coordinate.
Edmonton, AlbertaNo Residency Rule
Edmonton publishes no principal residence requirement. A property you do not live in can be licensed and run as a short term rental, the same as in Calgary. I already operate here, and this page states what the City publishes and stops where the City stops.
Radium Hot Springs, British ColumbiaExempt From The B.C. Rule
British Columbia closed almost every urban market to anyone who does not live in the unit. Radium Hot Springs is named in the regulation as exempt. A property you do not live in can be registered and run here, legally, and I already run one.
Toronto, Ontario180 Nights
Toronto permits short term rentals in a principal residence and nowhere else. That makes this a homeowner market rather than an investor market. If you live in the unit, it can be registered, listed and run properly, and I run it.
Vancouver, British Columbia$1,108 A Year
Vancouver licenses short term rentals in a principal residence only, one licence per person, at the highest annual fee in the country. It is a homeowner market by design. If you live in the unit, it can be licensed, registered and run, and I run it.
Victoria, British Columbia160 Nights
Victoria licenses short term rentals in your principal dwelling only, and caps a whole home at 160 nights a year. The licence is cheap. The cap is the whole business case, and it is what the calendar gets managed against.
Ottawa, Ontario5% Tax
Ottawa issues a host permit for your principal residence, and a separate cottage rental permit in the rural area. It is one of the few Canadian markets with a lawful route for a property you do not live in, and the limits on both are published clearly.
Whistler, British ColumbiaZoning Decides
Whistler is the exception. There is no principal residence test here, so an investment property is lawful. What decides it instead is zoning, and residential zoning cannot be used for tourist accommodation at any price. Check the zoning before you buy, not after.
Squamish, British Columbia$400 A Year
Squamish licenses short term rentals in a principal residence only, held by an individual rather than a company, and it is stricter than the provincial rule it sits under. The non principal residence route is closed: all thirty permits have been issued.
The Blue Mountains, OntarioException Area
The Blue Mountains does not ask where you live. It asks where the property is. Inside the designated Exception Area a licence is available. Outside it, new licences have been frozen since 2023, and eighty dollars will tell you which one you own.
Prince Edward County, Ontario45 Nights Off Site
Prince Edward County has one rule that decides everything. If you are on site for the full calendar year there is no night limit. If you are off site, the property may be rented for forty five days a year. Everything else is process.
Regina, Saskatchewan$100 A Year
Regina licenses short term accommodation in your principal residence for a hundred dollars a year, and it counts a suite inside that residence as part of it. New secondary property licences are frozen until the city vacancy rate recovers.
Calculator Questions
The municipal constants are exact: the night cap, the registration cost and the accommodation tax for each market were read off that city or province’s own website and every one is linked at the bottom of this page. The revenue side is only as accurate as the nightly rate and the number of nights you enter, because those are yours to supply. The tool does not estimate them.
Because no honest source for that number exists before the address is known. What a property earns depends on the building, the bedroom count, the layout, the season and the competing set on that street. That is what underwriting produces once the property is in front of me, and it is what the intake form is for. A generic revenue estimate would be a guess with a dollar sign on it.
Ottawa publishes two different permit fees on the same page of its own website, $112 for two years in the body text and $606 in the fee table, and the table also prints a fee as $5,1250, which is not a number. Prince Edward County publishes no licence fee at all and invoices it after approval. In both cases a figure that cannot be confirmed is left blank rather than guessed.
The only Squamish specific accommodation tax rate found on a District source is in a backgrounder dated October 2018, which is too old to publish as current. The City of Regina and its short term accommodation bylaw are both silent on accommodation tax. Neither absence means the tax is zero, only that no current figure could be sourced.
No. Accommodation tax is collected from the guest on top of the room rate and remitted to the municipality or the province. It is shown here so you can see the full price a guest pays and the amount that has to be remitted, but it is not deducted from what you keep, because it was never yours.
Twenty percent of net revenue, month to month, with no onboarding fee and no monthly minimum. It is the same in every market on this page. Cleaning is billed to the guest as a turnover fee rather than to you, and maintenance is quoted before any work happens.
Where Every Constant Comes From
Checked 16 September 2026. Rules change. Confirm with the municipality before you list.
Calgary: Short Term Rental Rules And Regulations
City of Calgary. The primary and non-primary licence categories, the two guests per room rule, the egress window rule, the overlapping bookings rule, the $2 million insurance minimum, the $1,000 per offence fine and the condo bylaw responsibility.
Read it at the source
Calgary: 2026 Business Licence Fee Schedule
City of Calgary. Primary residence $289 new and $248 renewal, non primary $627 new and $377 renewal, each including the $117 fire inspection fee.
Read it at the source
Calgary: Short Term Rental Business Licence Changes
City of Calgary. The move from room count tiers to primary and non-primary categories, the 180 consecutive day definition, and the risk based renewal inspection model.
Read it at the source
Calgary: Short Term Rental Business Licence Application Requirements
City of Calgary. The fire safety plan requirement and the statement that fees are payable at application and non refundable.
Read it at the source
Calgary: Alberta Tourism Levy
Government of Alberta. The six percent rate on bookings made after 31 March 2026 and who is required to register and remit.
Read it at the source
Edmonton: Short-Term Home Rentals
City of Edmonton. The licence requirement, the four sleeping unit development permit threshold, the building permit rule for renovations, and the condominium bylaw responsibility.
Read it at the source
Edmonton: Business Licence Bylaw 20002
City of Edmonton. Schedule B places this category at Tier 2 and requires an operational plan. Section 23(b) delegates the fee. Schedule C carries the $1,000 penalty for operating without a licence.
Read it at the source
Edmonton: Lodging House, Zoning Bylaw
City of Edmonton. The four or more separately rented sleeping units definition that triggers the development permit.
Read it at the source
Radium Hot Springs: Principal Residence Requirement
Province of British Columbia. The list of municipalities exempt from the principal residence requirement, which names Radium Hot Springs.
Read it at the source
Radium Hot Springs: Short-Term Rental Accommodations Regulation, B.C. Reg. 268/2023
The regulation itself. Schedule 1, Exempt Land, names the Village of Radium Hot Springs. Schedule 4 carries the administrative penalties.
Read it at the source
Radium Hot Springs: Short-Term Rental Legislation And Registry
Province of British Columbia. The 1 May 2025 registration requirement and the registry fees.
Read it at the source
Radium Hot Springs: Short-Term Rental Bylaws For Stratas
Province of British Columbia. Stratas may ban short term rental and fine up to $1,000 a day, and a strata bylaw may be stricter than the Act.
Read it at the source
Radium Hot Springs: PST On Accommodation
Province of British Columbia. The eight percent PST on short term accommodation and the up to three percent MRDT in participating areas.
Read it at the source
Radium Hot Springs: Village Of Radium Hot Springs Business Licensing
Village of Radium Hot Springs. The STR Business Licence requirement and the statement that fees are defined in the Fees and Charges Bylaw rather than published on the page.
Read it at the source
Toronto: Short Term Rental Operators And Hosts
City of Toronto. Registration fee, the 180 night entire home cap, the three bedroom partial unit limit, the principal residence test and the annual renewal.
Read it at the source
Toronto: Short Term Rental Municipal Accommodation Tax
City of Toronto. The six per cent rate, what it applies to, and the remittance obligation.
Read it at the source
Toronto: Toronto Municipal Code, Chapter 547
The by-law itself, for anyone who wants the source text rather than the summary of it.
Read it at the source
Vancouver: Short Term Rentals, City of Vancouver
City of Vancouver. The principal residence test, the $1,108 licence and $77 application fee, the $111 late fee, the 31 December renewal, one licence per person, the strata requirement and the “up to $1,000 for each offence” ceiling.
Read it at the source
Vancouver: Short Term Rental Host Registration
Province of BC. The $100 and $450 provincial registry tiers, annual renewal and the 40 day renewal window.
Read it at the source
Victoria: Short Term Rentals, City of Victoria
City of Victoria. The principal dwelling test, the $150 licence, the 160 night cap, the two bedroom limit, the annual re-application and the strata consent requirement.
Read it at the source
Victoria: Ticket Bylaw No. 10-071
City of Victoria. Schedule GG set fines, including $500 for operating without a valid licence and $250 for advertising without the licence number.
Read it at the source
Ottawa: Short Term Rentals, City of Ottawa
City of Ottawa. The host permit, the rural cottage rental permit, the two year term, and the fee table that contradicts the body text.
Read it at the source
Ottawa: Short Term Rental By-law No. 2021-104
City of Ottawa. The principal residence definition, the four room and eight guest limits, the thirty day renewal window and the $500 minimum fine.
Read it at the source
Ottawa: Hotel And Short Term Accommodation Tax
City of Ottawa. The five per cent Municipal Accommodation Tax and its application to private homes.
Read it at the source
Whistler: Tourist Accommodation Requirements
Resort Municipality of Whistler. The zoning test, the residential prohibition, the $25 application fee, the $250 per guest unit licence, the fire inspection fees and the $3,000 per day figure.
Read it at the source
Whistler: How BC Short Term Rental Rules Affect Whistler
Resort Municipality of Whistler. Confirmation that the provincial principal residence requirement does not apply, and the registry and licence display obligations that still do.
Read it at the source
Squamish: Short Term Rentals, District of Squamish
District of Squamish. The principal residence test, the individual-not-a-company rule, the $400 and $3,000 licence classes, the secondary suite and coach house exclusion, the thirty Temporary Use Permits and the $3,000 per day fines.
Read it at the source
The Blue Mountains: Short Term Accommodation Licensing
Town of The Blue Mountains. The full fee schedule, the Type B moratorium, the administrative monetary penalties and the Parking Management Plan requirement.
Read it at the source
The Blue Mountains: STA Licensing By-law 2021-70
Town of The Blue Mountains. The Type A to D definitions, the two persons per bedroom plus four occupancy rule, the Type D residence and on site conditions and the court fine range.
Read it at the source
The Blue Mountains: Municipal Accommodation Tax
Town of The Blue Mountains. The four per cent rate and its application to short term rental accommodation booked through any platform.
Read it at the source
Prince Edward County: Primary Residence Short Term Accommodation
County of Prince Edward. The primary residence definition, the on site and 45 day off site modes, the inspection cycle and the administrative monetary penalties.
Read it at the source
Prince Edward County: By-law 108-2021
County of Prince Edward. The four bedroom limit, the two persons per room rule, the one year licence term and the court fine range.
Read it at the source
Prince Edward County: Municipal Accommodation Tax
County of Prince Edward. The four per cent rate and its effective date of 1 February 2021.
Read it at the source
Regina: Residential Short Term Stay Licences
City of Regina. The $100 and $300 licence fees, the principal residence definition, the 2.6 per cent vacancy freeze and the three per cent resumption threshold, and annual renewal.
Read it at the source
Regina: Bylaw No. 2020-70
City of Regina. The one licence per person rule, the 35 per cent multi-unit cap, the one year term, the automatic expiry triggers and the $1,000 per unit fine.
Read it at the source
Regina: Tourism Regina Results
City of Regina and Tourism Regina. The published event and visitor figures quoted on this page.
Read it at the source
This tool applies published municipal figures to numbers you supply. It is not a revenue projection, not an appraisal and not tax, legal or financial advice. Confirm the current rules, and your own condominium declaration or lease, before you list.
A Calculator Is Not An Underwrite.
Send Me The Address.
This tells you what the city costs you. What the property earns comes out of underwriting, against the real comparable set on your street.