Tue, 18 Dec 2018
The Town of Oakville’s new Municipal Accommodation Tax (MAT) will be effective January 1, 2019, following Council’s approval of By-law 2018-137 at last night’s meeting.
The MAT is a mandatory four per cent tax which will be charged on all short-term accommodations, with stays of less than 30 consecutive days. The tax applies to stays at all hotels, motels, motor hotels, lodges, inns, resorts, bed and breakfasts, or other lodging (including those sold online) in Oakville.
In accordance with provincial regulations, 50 per cent of the net revenue will be shared with Visit Oakville, the destination tourism organization made up of stakeholders from the Chamber of Commerce, hotels, Business Improvement Areas, as well as sports and culture associations. The town has established a reserve for its share of the MAT revenue to be used exclusively for tourism-related projects and initiatives. As a new source of revenue for the town and Visit Oakville, it is estimated the MAT will generate annual funding in the range of $500,000 to $1.1 million.
“Oakville is a great place to live, work and play,” said Mayor Rob Burton. “Revenue generated from the MAT will support important tourism-related infrastructure and initiatives, and showcase the town as a key location for travel and investment.”
The 2017 Provincial Budget granted municipalities the authority to implement a tax on transient accommodations, with many cities including Toronto, Mississauga, Ottawa and Niagara Falls having already implemented the tax.
Learn more at our Municipal Accommodation Tax page.