RVIA Economic Impact Study

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 .

Canadian Campgrounds Fear Possible Tax Reclassification

Thu Apr 20, 2017

Southwestern Ontario campground owners know the tax axe could fall at any time.

As they prepare to file their returns this spring, they know they might be one Canada Revenue Agency audit away from a reclassification that could cost them thousands, according to a story by the St. Thomas Times Journal.

The CRA is re-examining campsites’ eligibility for tax breaks, specifically the small business deduction. Some sites, once seen as service-based companies, are being reclassed as rental properties — an on-paper move that comes with a hefty tax burden.

Additional Information: http://www.stthomastimesjournal.com/2017/04/19/loss-of-small-business-deduction-could-lead-to-hefty-increases