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Anyone planning a getaway within the province in the 2022 tax year could be eligible to receive new “Ontario Staycation Tax Credit”

✅Ontarians would get a 20% personal income tax credit on eligible accommodation between Jan. 1 2022 and Dec. 31 2022, up to a maximum of $1,000 for an individual and $2,000 for a family, for a maximum credit of $200 or $400 respectively.

✅Ontario residents could apply for this refundable credit when they file their 2022 personal tax returns and benefit even if they do not owe any tax.

🔷According to the government, an eligible accommodation expense would have to be:

🟢For a stay of less than a month at an eligible accommodation such as a hotel, motel, resort, lodge, bed-and-breakfast establishment, cottage or campground in Ontario

🟢For a stay between Jan. 1 and Dec. 31 of 2022

🟢Incurred for leisure

🟢Paid by the Ontario tax filer, their spouse or common-law partner, or their eligible child, as set out on a detailed receipt

🔷The government said this tax credit will help the tourism and hospitality sectors recover and encourage Ontarians to explore the province.