logo
Muskoka prepares for busy tourism season ahead with May long weekend kicking things off

Muskoka prepares for busy tourism season ahead with May long weekend kicking things off

CTV News15-05-2025

Muskoka gears up for what's expected to be a busy summer for tourism.
Muskoka gears up for what's expected to be a busy summer for tourism.
The May long weekend often marks the start of the summer season for Gravenhurst as the town experiences higher than usual traffic due to cottage-goers.
Staff at businesses in the area say they are already experiencing higher foot traffic due to the nicer weather Mother Nature has been providing.
'This weekend marks the sort of traditional weekend where people open their seasonal homes and, it does get people out and about in their backyard exploring,' said Heather Fraser, manager of the Shipyards.
Muskoka
The Shipyards Muskoka Marketplace in Gravenhurst, Ont.
(CTV News/Luke Simard)
With an increased demand for the public to shop locally, Fraser adds local artisans are hard at work.
'Artists are busy preparing new products and bringing them in,' said Fraser. 'A lot of them (products) are one of a kind so people know there will be a huge influx of new stuff for them to browse through.'
Muskoka Steamships is also preparing for a busy summer season with the first cruise ships scheduled to depart May 24.
'It's been a hard winter, so we're ready to go and I think people are,' said John Miller, president of Muskoka Steamships and Discovery Centre. 'Especially this last week, we've seen a lot of people wandering around, a lot of inquiries, a lot of phone calls about want to go for a cruise.'
Muskoka
Muskoka Wharf in Gravenhurst, Ont.
(CTV News/Luke Simard)
For the first time in 25 years, Muskoka Steamships will have three cruise ships operating out of Gravenhurst, including a restored ship that runs on electricity, which is expected to cruise starting July 1.
A few kilometres north in Bracebridge, Cottage Friends is busy preparing for more foot traffic after a challenging winter.
'We are truly welcoming anybody that would like to come, and shop in our main street. We're very proud of the main street,' said Sharyn Wilson who is the shop keeper at Cottage Friends. 'We work very hard to keep it nice.'
Bracebridge Mayor Rick Maloney said the town is ready for the influx of tourists and seasonal residents.
'We're making sure that our parks are cleaned up, spruced up and opened up and, ready to accept visitors,' said Maloney. 'We are putting out, some of the safety devices in around the bay, making sure that all that, safety equipment is there for folks that are using our beaches and things like that.'
Muskoka
Gravenhurst, Ont.
(CTV News/Luke Simard)
Maloney adds that tourism is a huge boost to the local economy.
'Whether it's construction, trades, the building supply side of things, it's the downtown, merchants,' said Maloney, 'Large box stores, whether it's the Walmart's or Home Depots, Canadian Tire and Home Hardware, it's also our restaurants... it is a very busy time.'
Town officials want to remind residents and tourists that Silver Bridge will be closed for the foreseeable future after a shift was discovered late last year. The closure could cause traffic delays in town.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

New environmental study delays final decision on Saint Andrews, N.B., wharf
New environmental study delays final decision on Saint Andrews, N.B., wharf

CTV News

timean hour ago

  • CTV News

New environmental study delays final decision on Saint Andrews, N.B., wharf

A final decision on refurbishing the town wharf in Saint Andrews, N.B., has been delayed until later this summer following the addition of a new environmental impact assessment. The $25,000 coastal study by GEMTEC will investigate how a refurbished wharf might impact the town's Market Wharf and Market Square shoreline areas, as well as water quality and sedimentation in Saint Andrews Harbour. The GEMTEC study will take about two months to complete. Town officials had initially planned for the $7-million wharf refurbishment – a hybrid project using both steel and infill – to be listed for tender before the start of this summer. In January 2024, town council approved the refurbishment's infill/steel plan out of a total of five options presented in public consultations. Outgoing mayor Brad Henderson said the GEMTEC study was a compromise to address concerns about the refurbishment, while keeping it on track. 'It also gives us a path forward where we aren't gambling with $5.4 million,' said Henderson, regarding a deadline for government funding. 'We all know we're running out of time with this funding.' Resident Cindy Kohler said she was happy concerns about the project were being studied ahead of a final decision. 'It would've been a nice thing to start with, but it's nice that it's being done now,' said Kohler, who owns a storefront on Water Street, near the wharf. 'There could be things that have been overlooked, or much more negative impacts than we've anticipated.' Wharf People walk on Market Wharf in Saint Andrews, N.B. (Source: Nick Moore/CTV News Atlantic) For more New Brunswick news, visit our dedicated provincial page.

East Coast Trail Association raises over $100K with annual community hike
East Coast Trail Association raises over $100K with annual community hike

CBC

timean hour ago

  • CBC

East Coast Trail Association raises over $100K with annual community hike

The East Coast Trail Association stayed on track with its annual fundraiser Saturday, raising more than $102,000. The 336-kilometre trail, which stretches along the coast of much of the Avalon Peninsula, has 25 different paths that people can take. Maintaining such a large trail takes a lot of work, says association president Randy Murphy. "Our objective basically is to raise $100,000, and that money will go in basically to help maintain the trail and trail operations," he told CBC Radio's Weekend AM. That's where the annual Trail Raiser Community Hike comes in, which was held on Saturday. Six hikes of varying difficulties were scheduled throughout Saturday, all starting with a check-in at the Torbay Common community centre. Participants were required to raise or donate at least $50 to join. Murphy calls the fundraiser "the lifeblood of the association." He's also pleased to say the fundraiser was a success, and beat the original goal by over $20,000 and he expects the amount to increase. "This is money we have to raise ourselves," he said. The money helps the association's eligibility for government funding, which he says is needed for operations. Murphy says the association's last survey on trail usage, which was done in 2013, recorded 15,000 hikers who had completed 65,000 hikes. "It's increased significantly since," said Murphy. "The number of local hikers on the trail these days is significantly greater than it was prior to 2020." He predicts more than 20,000 people hike the trail system each year now and the association is set to conduct surveys starting next summer to pinpoint that figure. He encourages people to volunteer and hike safely on their own time if they want to support the trails.

What Canadian investors need to know about the Trump tax bill
What Canadian investors need to know about the Trump tax bill

Globe and Mail

timean hour ago

  • Globe and Mail

What Canadian investors need to know about the Trump tax bill

If the first six months are any indication, the reign of U.S. President Donald Trump is going to be a rough one for Canadian investors. First, the stock market plunged earlier this spring as Mr. Trump's tariffs started a global trade war. Stocks have mostly recovered, but a new threat has emerged in the form of legislation that would allow Washington to ramp up the taxation of Canadians holding U.S. stocks. The One Big Beautiful Bill Act is not yet law – it passed in the U.S. House of Representatives by a single vote but must still pass in the Senate – and may change in scope. For now, it has the potential to more than double the tax applied to dividends from U.S. companies received by Canadian investors and corporations. The ultimate effect of the tax changes could be costly in total but perhaps not so bad on an individual basis. Regardless, it's too early to make changes in your investment portfolio. 'Currently, we're not making any moves, and I'm recommending everyone do the same thing and just wait to see what the information actually is,' said Justin Bender, a portfolio manager at PWL Capital. 'Then we can assess and see if there's any changes necessary.' Wealth managers brace for proposed U.S. tax bill's impacts on Canadian clients What's in Trump's big budget bill? From cuts to taxes and Medicaid, here's what to know Ultimately, Section 899 of the legislation could introduce a withholding tax of 20 to 50 per cent of dividends received by Canadians. There are estimates that this extra tax could cost individual investors, pension funds and others billions of dollars. The point of Section 899 is to give the U.S. a weapon to punish what it considers to be unfair taxes in other countries. Thought to be a target is our digital services tax, which mainly applies to U.S. tech giants generating revenue in Canada. Estimates from Mr. Bender show a worst-case additional drag on returns of 0.46 percentage points from U.S. stocks and U.S. equity exchange-traded funds when the higher withholding tax is fully phased in over four years. Think of this cost as being in addition to the management expense ratio of an ETF or mutual fund. If your return from a U.S. equity fund was a net 10 per cent with the management expense ratio (MER) included, then a higher withholding tax could ultimately leave you with as little as 9.54 per cent. Note that fund returns are always published on a net basis, with the MER included and, where applicable, foreign withholding taxes already deducted. Under existing U.S. tax law, there is a base withholding tax rate of 30 per cent for foreign investors holding U.S. stocks. A Canada-U.S. tax treaty generally reduces this rate to 15 per cent. No withholding tax applies to U.S. dividends paid into registered retirement savings plans and registered retirement income funds by U.S.-listed stocks and ETFs. There's no clear sense of whether this exemption would continue to apply under Section 899. In a non-registered account, you can offset the 15-per-cent withholding tax by claiming an offsetting foreign tax credit. In a TFSA, registered education savings plan, first home savings account or registered disability savings plan, the withholding tax cannot be recovered; it is also non-recoverable in RRSPs and RRIFs if you hold a Canadian-listed U.S. equity ETF. Canadian investors have a massive level of exposure to U.S. stocks directly and through funds. About $60-billion is invested in just four TSX-listed ETFs that track the S&P 500 index. But investing in the S&P 500, and the even more tech-focused Nasdaq, is much more about growth than dividend income. The dividend yield on the S&P 500 right now is about 1.3 per cent, half the level of the yield on Canada's S&P/TSX composite index. 'It's very low, which is why this tax maybe isn't as much of an issue as people are making it out to be,' Mr. Bender said. 'Some extra withholding taxes are probably not going to blow up your financial plan.' Mr. Bender added that the impact is further diminished by the fact that most investors have diversified their U.S. exposure with bonds and Canadian stocks, plus international markets in many cases. Investors who use ETFs for exposure to U.S. stocks can buy funds listed on U.S. exchanges as well as those located in Canada. Among Canadian-listed funds, there are those that hold U.S. stocks directly and those that are effectively a wrapper for a U.S.-listed fund in the same corporate family. Mr. Bender said each of these three ETF types would be affected similarly by higher U.S. withholding taxes. Are you a young Canadian with money on your mind? To set yourself up for success and steer clear of costly mistakes, listen to our award-winning Stress Test podcast.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store