Start planning your 2022 Ontario staycations now!
BRAMPTON — Brampton residents can get back up to 20 per cent on eligible accommodation expenses for leisure stays within Ontario this year with the new Ontario Staycation Tax Credit. The Ontario government is encouraging the people of Ontario to rediscover the province and support Ontario’s important tourism industry as it recovers from the impacts of COVID-19.
“Ontario offers the world in one province — from vibrant cities to historic small towns, food trails to festivals, and mountains to beaches,” said Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries. “The Ontario Staycation Tax Credit will help make travel more affordable and encourage Ontarians to explore their own province, reinvigorating local tourism economies by delivering a much-needed boost to local businesses while keeping Ontario competitive in the global market.”
The temporary Personal Income Tax credit will allow Ontario residents to claim eligible accommodation expenses, up to a maximum of $1,000 for individuals and $2,000 for families. The credit will provide up to a maximum of $200 for an individual and $400 for a family.
Ontarians could get back up to 20 per cent on eligible accommodation expenses for stays between January 1 and December 31, 2022, at hotels, motels, lodges, bed-and-breakfast establishments, cottages, campgrounds and other short-term accommodations in Ontario that are subject to GST/HST.
“Every corner of Ontario is home to family attractions, secluded getaways and other amazing destinations. Through our Staycation Tax Credit, our government is encouraging the people of Ontario to get out, travel and explore,” said Peter Bethlenfalvy, Minister of Finance. “This tax credit is just one way our government is putting money back into the pockets of families, boosting main streets in communities across our province, and supporting a strong economic recovery.”
Ontario residents will be able to apply for the credit when they file their 2022 personal Income Tax and Benefit Returns in 2023 and can receive the credit even if they do not owe income tax. Residents must keep detailed receipts for their eligible Ontario accommodation expenses.
“By making tourism in the province more affordable for Ontarians, the Ontario Staycation Tax Credit will help keep tourism dollars right here at home. I look forward to welcoming visitors to Brampton and encourage Brampton residents to take advantage of the credit and explore their own province,” said Prabmeet Sarkaria, MPP for Brampton South. “With this initiative, our government is once again taking action to help our tourism industry recover and emerge from the challenges of COVID-19 stronger than ever.”
The Ontario Staycation Tax Credit is part of the government’s plan to drive economic recovery and long-term growth so the province can emerge from the pandemic stronger than ever.
