Search
2% Increase on Municipal Accommodation Tax Supports Future Recreation Infrastructure 
City Council has approved a 2% increase to the Municipal Accommodation Tax (MAT), bringing the charge on overnight stays to 6%. MAT is applied to short-term accommodation charges of less than 30 consecutive days and is used to generate revenue to support tourism initiatives and community priorities. With this increase, the City is taking a strategic step toward funding a major recreation project that will benefit both residents and visitors.

1% of the MAT will be reserved for the City’s proposed multi-use recreation centre. This future facility is expected to significantly enhance quality of life in Timmins while positioning the city as a destination for sports tourism and large-scale events.

“The increase is intended to generate revenue for recreation infrastructure projects,” says Mayor Michelle Boileau. “This approach ensures that visitors contribute to the amenities they use and enjoy, while helping us build facilities that not only support active, healthy lifestyles for residents, but attract more events and create economic opportunities.”

50% of total MAT revenue is used to promote and grow local tourism by supporting eligible initiatives and organizations through the Timmins Economic Development Corporation (TEDC). The other 50% is reserved for use by the municipality at Council’s direction. MAT helps a municipality invest more in tourism and the community without relying on property taxes.

For more information on the Municipal Accommodation Tax, visit: https://www.timmins.ca/our_services/finance/municipal_accommodation_tax
Posted by Amanda Dyer at 10:42 AM  

 
Content Alert Subscription
    RSSSpaceBlog Feeds
         
  • © 2018 City of Timmins. All Rights Reserved.
Guest