A large economic impact study of 17 major Canadian events

A new economic impact study of 17 major Canadian events shows that FAME’s request for the federal government to establish a program dedicated to the growth of the events industry is more relevant and timely than ever.

The KPMG study estimates that a group of 17 events generated a combined $290.8 million in economic benefits (added value at market prices). This calculation is based on $396.4 million in eligible expenditures (operations and tourist). The study estimates that the 17 events created or maintained the equivalent of 4,606 jobs (full-time equivalent) and generated tax revenues of $66.6 million ($49.3 million for the Government of Québec, $17.3 million for the Government of Canada).

The study, commissioned by KPMG at the request of the Regroupement des événements majeur internationaux (RÉMI), included nine FAME members. It also concludes that the Government of Canada is receiving 1.78 times what it invests in the events thanks to taxes and other levies.

Read the final report

The events who participated in the aggregate study are: the Carnaval de Québec, the Rogers Cup presented by National Bank, the Festival d’été de Québec, the Montréal International Jazz Festival, the Just for Laughs Festival, the Festival de Lanaudière, the Montréal Fashion and Design Festival, the Festival Montréal en Lumière, the Festival Western de St-Tite, Montréal Pride, the Francos de Montréal, Igloofest, the International de montgolfières de Saint-Jean-sur-Richelieu, the International des Feux Loto-Québec, OSHEAGA — Festival Musique et Arts, the Grands Feux Loto-Québec and the Régates de Valleyfield.