A group of major Canadian retailers is asking the federal government to re-implement a Visitor Tax Refund in an effort to boost tourism and invigorate the Canadian economy. ottnews
The group, which includes Hudson’s Bay Company, Cadillac Fairview, Birks Group Inc., and Harry Rosen, says bringing back the refund could be a major incentive to the country’s tourism industry.
The proposal is also supported by the Retail Council of Canada, who note that according to Statistics Canada data, the spend-per-tourist is down five per cent over the last seven years, while in countries like Japan and the Bahamas—who both recently implemented a visitor tax refund—tourist spending is up considerably.
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