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 Sep 19, 2017
Burlington, Ontario - Canada’s RV and Camping Industry has been raising an emerging issue with respect to the Small Business Deduction (SBD) and its applicability for small family-owned campgrounds throughout the past two years with the Canadian Federal Government.
Tax rules related to small campground’s eligibility of the Small Business Tax Deduction (SBD) and a corporate tax of about 15 percent date back to the 1970’s and have not materially differed.
However, Canada Revenue Agency began to change its interpretation on a number of small campgrounds deeming them to be a passive “investment business”, which means that they only derive their income (campsite fees) from their property and don’t engage in other types of business.
This type of business, similar to an apartment building – also would be an accurate “investment business”, is not eligible for the Small Business Tax Deduction and comes with an approximate Tax of 50 percent or more than a 300 percent increase than what all other small businesses in Canada pay including small private campgrounds.
The Liberal Government is currently reviewing its taxation policies on all small businesses and have been asking Canadians for their input during consultations that end on Oct. 2.
To make it so the Canadian RV industry’s voice is heard, Canadian Camping and RV Council has developed an Advocacy Website that fully explains the issue from its point of view and also gives campground operators and their campers an opportunity to send a letter to their local MP.
The Canadian Camping and RV Council are asking every Private Campground, RV Dealer and Camping enthusiast to go to www.faircamptax.ca and “TAKE ACTION”.