Finance & Taxation | National

Revisiting the Visitor Rebate Program: 10-year impact analysis

October 18, 2018

Why Canadians are missing out on nearly $6 Billion in GDP

Prepared by Retail Council of Canada, this review confirms that, by cancelling the Visitor Rebate Program, tourism GDP was reduced by $5.96 billion dollars over the past ten years. The report provides a ten-year analysis of the impact of cancelling the Visitor Rebate Program. It found that, while this policy decision was made in order to save money, the decrease in revenue is greater than the annual administrative savings as a result of the cancellation.