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CCRVC encouraged that Ministry of Finance will address CRA Tax Issue in next Budget

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December 2017 – News Release

CCRVC is encouraged that Ministry of Finance will address CRA Tax Issue in next Budget after the Report of the Standing Committee on Finance included a recommendation to have small private campgrounds qualify for the small business tax deduction.

Currently, under the Income Tax Act of Canada small private campgrounds which employ less than 5 full time employees year round are unfairly classified as a “specified investment business” and are threatened by a near 50 % investment tax rate as compared to the approximate 15% (Provincial/Federal) Small Business Tax Rate.

“We are optimistic that after appearing in front of the Standing Committee on Finance (FINA) in Charlottetown, PEI during Pre-Budget Consultations in 2016 and having being successful having our recommendation included by FINA in both 2016 and 2017 that the Minister of Finance will support our request and include in the 2018 Federal Budget” said Shane Devenish, Canadian Camping and RV Council’s Executive Director.

For the full report of the House of Commons Standing Committee on Finance’s Report please click on the link below:

Standing Committee on Finance Report

About the Canadian Camping and RV Council

CCRVC is an Association comprised of Provincial Private Campground Associations, CRVA (RV Manufacturers & Suppliers) and the
RVDA of Canada. In an Economic Survey conducted in 2014, the Canadian Camping and RV Industry contributed $4.7-billion to the economy, generated more than $1-billion in total taxes at the Provincial and Federal level, employed 60,420 full-time workers , generated $2.9 billion in total salary and wages and having 5,768,650 Canadian adults, or 22% of the total adult population who enjoy the RV and Camping experience.

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Media Contact: Shane Devenish, Executive Director of the Canadian Camping and RV Council
Contact information: (905) 315-3156

 

 

 

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