"The more we increase our taxes, the less competitive we're going to be against other cities that we compete with for conventions, for example, she said."
"I understand the city's shortfalls and we want the games to be successful, Anghel said. But overall it's a significant increase."
"If you add in some of the challenges we face in the city: gridlock, congestion, community safety concerns. All those factors then make Toronto less competitive, Anghel said."
The City implemented a temporary 2.5% Municipal Accommodation Tax (raising the MAT to 8.5%) from June 1 until July 31, 2026 to help cover costs of hosting six FIFA World Cup games. The City expects $56.6 million by next July from the increase. The Greater Toronto Hotel Association views the tax rise as a potential deterrent to visitors and large conventions and notes that gridlock, congestion, and community safety concerns compound competitiveness concerns. Vancouver adopted a similar 2.5% short-term accommodation tax for seven FIFA games in February 2023, while U.S. and Mexican host cities relied on corporate sponsorships instead.
Read at www.cbc.ca
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