The new Major Events Municipal and Regional District Tax will only be applicable under large internationally recognized events, such as the Olympics or the World Cup. (stock image ID 13104101 © Mark Hryciw | Dreamstime.com)
Extra Tax for Major Events
Limited tax to support tourism communities hosting major events
Oct 31, 2022 | 4:20 PM
-
Share on Facebook
-
Share on Bluesky
-
Share on X
- Copy Link
Communities hosting major international tourism events will be able to bring in more revenue through a new tax.
B.C.’s new Major Events Municipal and Regional District Tax (Major Events MRDT) of up to 2.5 per cent on short-term accommodation will be implemented to help communities cover the costs of hosting events that bolster tourism and the economy.
The Major Events MRDT is a time-limited funding tool that requires communities to apply for through Destination B.C.
Communities that receive approval will be subject to public reporting and transparency.
