SUBSCRIBE | ONLINE RATES | HOME | *FEATURE STORIES

Posted Thursday May 9, 2019


___________________________
Tourist Tax

New Tax on local hotel rooms will raise money for tourism marketing

Waterloo Region area municipalities will be implementing a tax on local hotel rates (called a municipal accommodation tax) beginning July 1, 2019. This four per cent tax – which will generate an estimated $3.3 million a year – will be used for tourism marketing of Waterloo Region across Ontario and beyond. The funds will be shared between the Waterloo Region Tourism Marketing Corporation (50 per cent), participating lower tier municipalities (40 per cent), and the Region of Waterloo (10 per cent). The Region of Waterloo will enter into agreements with each area municipality to flow funds to the Region. The Region will use our portion of funds to develop tourism through initiatives like grants for cultural events and festivals.









exchangemagazine.com is distributed twice weekly; Tuesday and Thursday


Not a Subscriber? Receive more articles on business issues
Sent directly to your email in-box.


contact us

Publisher is Exchange Business Communication Inc.
No part of this article may be reproduced without written permission from the publisher.
Email Publisher

ISSN 0824-45
Copyright, 2019

Share Your Story: pressrelease @ exchangemagazine.com
Expand Your Reach:
advertise @ exchangemagazine.com
Publisher: Exchange Business Communication Inc., PO Box 248, Waterloo, Ontario, Canada
Email Editor

Content published on this site represents the opinion of the individual, organization and/or source provider. Exchangemagazine.com is a online daily journal of Exchange Business Communication Inc. (1997) Publishers of Exchange Magazine est. 1983. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2019. Submitted editorials, comments and releases are copyright of respective source(s).