In a previous briefing we provided an objective economic analysis of potential strategic investments proposed in the Indigenous Tourist Association of Canada’s (ITAC) Tourism Growth Strategy. The Strategy intends to develop or expand numerous Indigenous tourism destinations across Canada.
In this new briefing, the amount of tax revenue that could be collected by various levels of government from ITAC’s Tourism Growth Strategy’s operations phase (assumed to be in 2030) is estimated.
What is the amount of tax revenue that could be potentially collected by various levels of government from the operations phase? How much of the estimated tax revenue is attributed to the federal government, provincial governments, and municipal or local governments? How long would it take the federal government to recoup its initial investment toward the capital projects proposed by ITAC?
Read the issue briefing to get our full analysis.