Tourism, Bowen Island and other stuff that comes to mind


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October 5, 2007, 10:06 pm
Filed under: Uncategorized

Quoted from http://www.corporate.canada.travel/corp/media/app/en/ca/newsItem.do?articleId=66797:

Tourism generated $19.4 billion in taxes in 2006
October 3, 2007
On Monday, September 10, 2007, Statistics Canada released a report entitled Government Revenue Attributable to Tourism (GRAT), covering the years 2000 to 2006. A significant leap forward in this report is that it now provides considerably more timely estimates. The lag time between the date of release and the reference year has been reduced from five to nine months, as a result of ongoing work with the Tourism Satellite Account and the quarterly National Tourism Indicators. The report provides an additional indicator of the size, scope and impact of tourism on Canada’s economy.

The last report published in 2003 (based on the reference year of 1998) states that roughly thirty cents out of every tourist dollar goes directly to government. Like previous reports, this new study accounts for tax revenues tourism generated for all three levels of government in Canada between 2000 and 2006.

For 2006, this latest study reports that tourism generated $19.4 billion for all three levels of government in Canada in 2006 (up 4.8% compared to 2005 and up 29.4% from 2000). For every dollar of tourism spending ($66.8 billion in 2006), governments raised 29.1 cents, up from 27.9 cents in 2000.

Since 2003, a number of changes have impacted government revenues attributable to tourism. For example, changes in taxes and/or consumption of following items would impact the government revenues in either a negative or positive manner:
* The 1% reduction in the GST (which took effect July 1, 2006)
* Reductions in payroll taxes collected by governments (for example: Employment Insurance premiums from employees and employers in tourism, estimated at 3.78% of the workforce in 2006)
* Changes to individual, corporate, and property tax rates
* Changes in taxes associated with goods consumed by tourists (most notably high tax items such as alcohol and tobacco)
* Vehicle fuel. (In most cases, fuel is taxed at a fixed rate per litre. As the price for fuel increases, the tax revenue generated by tourism associated with the operation of personal and rental vehicles actually decreases relative to tourism spending on such products since the actual amount of taxes collected does not increase.)

The Canadian Tourism Commission’s (CTC) core international markets generated $17 billion in visitor spending for Canada in 2006. The CTC, which is recognized globally for research tools like the Canadian Tourism Satellite Accounts, relies on a wide range of performance indicators, and this study is just one of the many tools it uses to monitor tourism in Canada.

Author: TOURISM staff
Organization: Canadian Tourism Commission
E-mail: tourism@ctc-cct.ca

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