Annual Reporting Requirements
Under the Provincial Sales Tax Act, all designated recipients must account annually, to the Province, for how money received from the tax has been spent.
All designated recipients must submit an Annual Performance Report
, a Financial Report
, and a One-year Tactical Plan
, annually, to the Province. All Annual Performance Management and Reporting Requirements documentation must be submitted by email to MRDT@destinationbc.ca
The Annual Performance Report and the Financial Report must be submitted by April 30 of each year. The One-year Tactical Plan must be submitted by November 30 of each year.
Designated recipients not subject to renewal application requirements must submit a Five Year Strategic Business Plan every five years. The next Five Year Strategic Business Plan is due November 30, 2021.
Affordable housing reporting requirements:
The Affordable Housing MRDT Plan (Appendix 1.8) is required for:
Annual Affordable Housing MRDT Report:
Renewal/new MRDT applications that include affordable housing regardless of the revenue source;
A full application package submitted midway through a five-year tax term if designated recipients wish to use general MRDT revenues on affordable housing; and
If designated recipients wish to use any OAP revenues on affordable housing in the next year, due November 30 prior to implementation.
Designated recipients that spend MRDT revenues on affordable housing, regardless of whether from OAP revenues or from general MRDT revenues, must submit an Annual Affordable Housing MRDT Report by May 31 of each year (see Appendix 2.4).
Destination BC Vancouver Office
12th Floor - 510 Burrard Street
604 660 6391