HALIFAX — Nova Scotia’s beleaguered tourism industry is getting more help from the province with a property tax rebate for operators of hotels, motels and inns.
Business Minister Geoff MacLellan said today the rebate will cost about $4.6 million.
The program begins Nov. 16 and will provide qualified operators with a 25 per cent rebate on their 2020-21 commercial property tax bill.
In order to be eligible, a business must have paid its 2020-21 tax bill in full and operate more than five rooms.
Operators who were not in business before April 1 can benefit from the rebate if they can demonstrate their occupancy rate has been below 50 per cent since they opened.
The rebate follows an announcement earlier this month of $50 million in loan guarantees for larger tourism operators, such as resorts and tour companies, which are struggling with the COVID-19 pandemic.
Nova Scotia says its tourism industry is expected to generate $900 million in 2020, compared to nearly $2.7 billion last year.
This report by The Canadian Press was first published Oct. 29, 2020.
The Canadian Press