staycation credit

Ontario's staycation tax credit just went into effect and here's what that means

Travel outside of Canada seems likea risky propositionthese days and for those who want to visit places closer to home, the Ontario Staycation Tax Credit just started Jan. 1.

The tax credit wasannounced in Novemberas part of the2021 Ontario Economic Outlook and Fiscal Review.And like the最低工资上调, it kicks in at the start of 2022.

Basically, it gives Ontario residents a20 per cent personal income tax creditfor 2022 accommodation expenses (up to $1,000 for an individual and $2,000 for a family).

So if you spend $1,000 for a stay of less than a month, you will get a $200 tax credit.

To claim the expense, an eligible accommodation must 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 (e.g., a non-business purpose);
  • Paid by the Ontario tax filer, their spouse or common-law partner, or their eligible child, as set out on a detailed receipt;
  • Not reimbursed to the tax filer, their spouse or common-law partner, or their eligible child, by any person, including by a friend or an employer; and
  • Subject to Goods and Services Tax (GST)/Harmonized Sales Tax (HST), as set out on a detailed receipt.

There are some wonderful spots to visit around the province. Those who like wildlife couldcheck out the Wye Marsh.

If you like skating, Bala in Muskoka has arink over frozen cranberriesyou can try. A trip to Manitoulin Island could include astay at some beautiful Scandinavian-style cabins.

For skiers,Calabogie Peaksis a 364-acre resort near Ottawa.

If you just want to relax — and who doesn't after 2021? — there's anew spa openingnear Toronto too.

Lead photo by

Alex Indigoat McCrae Lake


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