Revisiting the Visitor Rebate Program: 10-year impact analysis
October 18, 2018Why 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.
