New Vancouver tax intended to chip away at FIFA World Cup costs
The price of hosting the FIFA World Cup is rising in Vancouver, and the province is using a new tool to help cover the costs.
In the fall, the city requested a temporary bump to the Municipal and Regional District Tax (MRDT) on short-term accommodations to raise funds.
Starting on Wednesday, overnight visitors to Vancouver will be required to pay an additional $2.50 on each $100 paid on a room.
“We’ve had FIFA come and do an initial assessment, and there’s going to be some work done on BC Place, and we have to look at security issues, of course, which is always an issue, and inflation,” said B.C. Finance Minister Katrine Conroy.
The event was initially slated to cost upwards of $260 million, and the province expects the new tax could garner $230 million over the next seven years.
Conroy told CTV News that after consulting with the City of Vancouver, Destination Vancouver and the local accommodation sector, they agreed to the 2.5 per cent tax on short-term accommodation sales.
The province says communities can apply for the tax for dedicated, time-limited support for eligible major, internationally recognized events that help bolster international visitation to the province.
“We’re so excited to be hosting the FIFA World Cup 2026, one of the world’s largest sporting events, here in Vancouver,” said Ken Sim, the mayor of Vancouver.
“Vancouver has welcomed the world on many occasions, but this global celebration of soccer and national pride is an extraordinary opportunity. The economic impacts and benefits to Vancouver will be felt in the leadup to the FIFA World Cup, throughout the event and long after the final whistle blows in 2026.”
Destination Vancouver is expecting the tournament will attract more than 250,000 visitors to the city, with approximately 50 per cent of them coming from outside of Canada and the United States.
Vancouver is among a group of North American cities that will host games in 2026, sharing the Canadian stage with Toronto.
CTVNews.ca Top Stories
Walmart Canada CEO says retailer not trying to profit from inflation
Walmart Canada is not trying to profit from food inflation, president and CEO Gonzalo Gebara told a parliamentary committee studying the issue Monday evening.

How many COVID-19 vaccine doses should you have by now?
Here is a summary of the current COVID-19 vaccination guidelines from NACI, for both children and adults who are at increased risk of serious illness and those who are not.
Victims identified as police reveal Nashville school shooter had drawn maps, done surveillance
The suspect in a Nashville school shooting on Monday had drawn a detailed map of the school, including potential entry points, and conducted surveillance before killing three students and three adults in the latest in a series of mass shootings in a country growing increasingly unnerved by bloodshed in schools.
From silicon to brain cells: How biology may hold the future of computers
As artificial intelligence software and advanced computers revolutionize modern technology, some researchers see a future where computer programmers leap from silicon to organic molecules.
Pope Francis the fashion icon? Detecting AI images reaches 'uncanny valley,' cybersecurity expert warns
After a few altered images of Pope Francis sporting a white puffer jacket convinced the online world the Catholic leader could be a part-time fashion icon, one expert warns the rapid improvement of AI could pose larger societal problems.
Freeland's budget to include grocery rebate for lower income Canadians, here's what else to expect Tuesday
The 2023 federal budget will include a one-time 'grocery rebate' for Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
Gender-affirming care bans expanding, access being cut: U.S. laws now targeting transgender adults
In some U.S. states, proponents of gender-affirming care bans have argued for the last few years that minors are too young to make these medical decisions — but in 2023, legislative attempts to limit the health-care options for transgender youth have expanded to a new age group: adults.
Getting an extra consultation before surgery might not give you a better outcome: Canadian study
A new study that looked at more than 300,000 patients found that a medical consultation prior to a routine surgery wasn’t connected to a better surgical outcome, suggesting these consultations might not be necessary.
Quebec girl, 9, dies after snow fort collapses behind residence
A nine-year-old girl has died after a snow fort collapsed in a forest behind a rural Quebec home.