Tax Issue Threatening Canadian Campgrounds
The Okanagan’s limited supply of private campgrounds could further shrink as a result of a federal tax change, the Kelowna (British Columbia) Daily Courier reported.
Owners say the viability of their businesses is threatened by the prospect of a federal tax hike on their income from 15% to 50%.
Seasonally run campgrounds, most of which are family-run, couldn’t absorb the big tax jump and might have to close, owners say.
“This kind of big tax jump certainly would impact us, and probably decimate the whole industry,” Max Picton of Barefoot Beach Resort in Penticton said Tuesday (Jan. 10).
“Owning a campground is a struggle enough as it is,” said Picton, who also is a Penticton City Council member. “It’s a seasonal business with limited income opportunities.
“Our land values are soaring, which increases our municipal taxes, and this would be another challenge for us,” Picton said. “It’s no wonder the Okanagan is losing private campgrounds left, right and centre.”
Graham Todd of Todd’s RV Camping in Peachland said: “We’re very concerned about this.”
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