Owning a piece of paradise in Puerto Vallarta, Bahia de Banderas or elsewhere in Mexico is a dream come true for many Canadians. Whether it’s a cozy condo with stunning ocean views or a luxurious villa nestled in the lush hills, these properties offer the perfect escape from the cold Canadian winters. However, when it comes to renting out these properties as vacation rentals, Canadian owners often find themselves navigating complex tax regulations in both Mexico and Canada.