Ontario Staycation Tax Credit
Overview
The only thing better than the feeling you get when you plan a vacation is getting money back for planning that vacation. You heard us right. The Ontario Staycation Tax Credit will give money back to you during tax season when you plan a trip right here in Ontario
The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province while helping the tourism and hospitality sectors recover from the financial impacts of the COVID‑19 pandemic.
The Ontario Staycation Tax Credit is a “Personal Income Tax (PIT) credit that will provide Ontario residents with the support of 20 percent of eligible 2022 accommodation expenses of up to $1,000 for an individual and $2,000 for a family, for a maximum credit of $200 or $400, respectively,” officials wrote in their press release.
Ref: Ontario staycation tax credit for 2022 announced | CTV News
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- To qualify for the Ontario Tax Credit you must book by November 31, 2022, and Travel between January 1, 2022, and December 31, 2022
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- Airfare not included $2,164 90% $1,965
- PROMOTION EXPIRES November 31, 2022
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