Applications are now open for the Tourism Accommodations Real Property Tax Rebate Program Part 2.
The Tourism Accommodations Real Property Tax Rebate Program will provide eligible tourism accommodation operators a one-time 50% rebate on the first six months of their commercial property taxes paid for 2021-2022.
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Operators who received payments under the first Tourism Accommodations Real Property Tax Rebate Program, which provided a 25% rebate on the payment of 2020-21 commercial property taxes, will be eligible to apply again if they still own the business and will be contacted automatically.
Businesses must meet the definition of a roofed accommodation as set out in the Tourist Accommodation Registration Act, be registered as a host under the act, have more than five rooms, not be in arrears of property taxes or property tax installment payments and have experienced a year-over-year revenue loss of at least 30 per cent from April 1 to Oct. 31, 2020.
New operators who were not in business before March 30, 2020, may still be entitled to a rebate if they can demonstrate lower than 50% occupancy rate since opening their business.
As municipalities issue property tax bills at different times, the program will remain open throughout the year.