4% of the accommodation cost
Municipal Accommodation Tax (MAT)
With Council's direction, the Township of Lake of Bays is considering a 4% Municipal Accommodation Tax (MAT) to be paid by visitors staying in overnight accommodations. This initiative is being explored based on the success and benefits seen in other municipalities, including neighbouring ones, with similar programs.
The MAT helps boost tourism, improve local infrastructure, support businesses, ease the tax load on residents, and enhances the visitor experience, ultimately benefiting accommodation providers in the area.
We encourage residents and business owners to get involved by learning more about the program, reviewing our draft by-law, and participating in our ongoing public engagement. Your feedback is important in shaping how this program will be implemented in our community.
What is a Municipal Accommodation Tax (MAT)?
A MAT is a widely adopted program in municipalities across Ontario and Canada, aimed at supporting and enhancing local tourism industries. It is a fee paid by visitors renting short-term accommodations in Lake of Bays. Here are the key points:
Benefits of the MAT
Where Does the Money Go?
Revenue from the MAT program is divided into two equal parts:
How to Get Involved
We encourage residents, accommodators, and stakeholders to actively participate in shaping the future of the Municipal Accommodation Tax (MAT) in the Township of Lake of Bays.
* Note: Preregistration to speak at the public meeting is required
Timeline
🟢 Draft By-law Released for Public Review & Comment
September 20, 2024
⚫ Survey Closing Date
October 18, 2024
⚫ Public Council Meeting Considering Draft By-law
November 12, 2024
Preregistration to speak is required
⚫ Proposed Date for MAT Program Implementation
January 1, 2025
⚫ First Remittance Due Date
April 30, 2025
Latest News
Media Release: Invitation for Public Feedback on Municipal Accommodation Tax Draft By-law
September 20, 2024