Ontario staycation tax credit

Residents can get a maximum credit of 200 individual or 400 for a family when they spend 1000 or 2000 respectively in accommodation expenses in Ontario. Ontario Staycation Tax Credit aims to get people exploring at home.

Here Are The New Laws Taking Effect In Ontario In 2022 Cp24 Com

Ontario residents can receive a 20 tax credit for local accommodation expenses.

. There is a maximum credit of 200 for an individual or 400 for a family. Eligible expenses include leisure trips at a location such as a hotel bed-and-breakfast or resort in Ontario. Also coming into effect in 2022 the new Staycation Tax CreditOntario residents can apply for a refundable credit of up to 20 per cent or 200 or 400 on eligible accommodations within the province.

Introduction of the Ontario Staycation Tax Credit. Ontarios Staycation Tax Credit Will Give You Money For Spending Time Off In The Province December 30 2021. Featured Partner Watch Narcity TV Latest In Toronto Members Only Waffle House Is Reopening At A New Toronto Location.

A new temporary staycation tax credit will allow Ontarians to claim up to 1000 for individuals or 2000 for families on 2022 holiday rental accommodations. Ontario Staycation Tax Credit The tax credit is a government initiative to help the tourism industry recover by encouraging the residents to explore their home province ON. Author of the article.

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Ministry Of Finance On Twitter It S 12 Days Of Fes Tivities Recognizing The Government S Plan To Build Ontario Day 8 The Gift Of Travel In Ontario With The New Temporary Ontario Staycation Tax