Residents can get a tax credit from ‘Ontario Staycation’ in 2022

According to Global News; The Ontario government has introduced a tax credit this year encouraging residents and families to take trips within the province in an effort to boost the tourism and hospitality sector amid the ongoing COVID-19 pandemic.

Dubbed the “Ontario Staycation Tax Credit for 2022” residents can claim 20 percent of their accommodation such as a hotel, motel, resort, lodge, bed-and-breakfast, cottage or campground when filing for personal income tax and benefit return.

Ontarians are eligible to claim up to up a maximum of $1,000 as an individual or $2,000 if you have a spouse/common-law partner or children to see a return of $200 or $400, respectively. This can be for one trip or for multiple trips.

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