Details from the BC Government news release:
A new Major Events Municipal and Regional District Tax (MRDT) of up to 2.5% on short-term accommodation sales may be available to communities.
The purpose of this tax is to help cover the cost of planning, staging and hosting eligible major international tourism events that generate significant international visitation and help bolster provincial tourism and the economy. The Major Events MRDT program applies to:
Under the Provincial Sales Tax Act, there are certain requirements to be eligible for the Major Events MRDT, namely:
The province is currently developing the program requirements and application process that will be applicable to the new Major Events MRDT program, namely:
The program requirements and application process will be developed by the Ministry of Finance, Ministry of Tourism, Arts, Culture and Sport, and Destination BC in consultation with local governments and the tourism and accommodation industry.
Learn more and read the full government program details: https://www2.gov.bc.ca/gov/content/taxes/tax-updates/spotlight-on-tax-and-benefit-programs/additional-major-events-mrdt-consultation
Subscribe to our newsletter