The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Tue Dec 13, 2016
The RVDA of Canada has issued a letter urging those in the RV industry to unite with the campground industry to uphold the small business tax deduction, which has recently been replaced by a larger tax rate.
The Canadian Camping and RV Council (CCRVC) currently represent 2,347 Private Campgrounds in Canada.
The issue is the Canada Revenue Agency’s decision to rescind the small business tax deduction for campgrounds in favor of a much larger corporate tax rate.
This will have a huge impact on the survival of campgrounds – especially smaller ones and will therefore impact the RV industry, too, according to the RVDA of Canada.
CCRVC estimates that nearly 75 percent of its private campgrounds fall into this category, meaning that up to 1,760 campgrounds are in jeopardy of closing because they are absolutely financially incapable of sustaining their business if they are re-assessed a triple increase in their Income Taxes.
The association urges its members to contact their MP Constituency Office and the Minister of Finance immediately to voice their concerns and let them know how this would affect the business.