Ontario has introduced the Staycation Tax Credit for 2022, to encourage families to explore the province and support the local hospitality sector.
Ontario’s Minister of Tourism, Culture and Sport, Lisa MacLeod is asking Ontarians to rediscover what the province has to offer.
This could be beneficial to Norfolk, having people come to check out Ontario’s Garden, but also for residents as they branch out after the province to make memories.
MacLeod explains Ontario residents can claim 20% of their eligible 2022 accommodation expenses on their income tax.
You’ll be able to claim eligible expenses of up to $1000 as an individual or $2000 for families to get back up to $400.
You can claim eligible expenses of up to $1,000 as an individual or $2,000 if you have a spouse, common-law partner or eligible children, to get back up to $200 as an individual or $400 as a family.
Only one individual per family can claim the credit for the year. Your claim can include the eligible expenses of your spouse or common-law partner and your eligible children. An eligible child is not entitled to claim the credit on their personal Income Tax and Benefit Return for 2022.
You can claim the Ontario Staycation Tax Credit for accommodation expenses for a leisure stay of less than a month in Ontario, at a short-term accommodation or camping accommodation, such as a:
hotel, motel, resort, lodge, bed-and-breakfast establishment, cottage, campground.
