TORONTO IS ONE OF ONLY A FEW MAJOR CITIES WITHOUT A HOTEL TAX – FINALLY IT’S GETTING ONE

With tourism booming – up to $9-billion in 2017 – TORONTO is about to gently pluck the golden goose by imposing a 4% new tax on hotels and short-term accommodations. Initially the plan was for a 10% tax, then 6% and finally 4%.

The hotels argued against the tax, but as part of the deal they’ll no longer have to pay a marketing fee to Tourism Toronto. The expectation is that $16-million annually will come in from the new levy.

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