What is the Municipal & Regional District Tax Program (MRDT)?

Finance

Feb 13

The Municipal & Regional District Tax Program (MRDT) is a program in British Columbia, Canada, that allows municipalities and regional districts to impose an additional tax on accommodation providers such as hotels, motels, and bed and breakfasts. The revenue generated from this tax is then used to support tourism-related initiatives and projects within the community.

What is the MRDT rate in Revelstoke?

The MRDT rate in Revelstoke is 3%.

When did Revelstoke implement MRDT?

Revelstoke implemented the MRDT program in April 2013.

Does Airbnb automatically charge MRDT?

Yes, Airbnb automatically charges MRDT. In 2018 the British Columbia government reached an agreement with Airbnb to collect provincial sales taxes (PST) on all short-term rentals facilitated through its platform. This arrangement ensures operators of short-term rentals, such as those listed on Airbnb, contribute their fair share of taxes.

What is MRDT used for in Revelstoke?

MRDT principals allow for municipal spending on:

Effective tourism marketing, programs, and projects
Effective local-level stakeholder support and inter-community collaboration
Coordinated and complementary marketing efforts to broader provincial marketing strategies and tactics
Fiscal prudence and accountability.

Revelstoke has opted to create a fund for affordable housing.