Ontario residents planning a getaway in Ontario in 2022 could get back up to 20% on eligible accommodation expenses with the new, temporary Ontario Staycation Tax Credit.
Ontario residents can apply for this refundable credit when they file their 2022 personal tax returns.
Ontarians may claim a 20 per cent personal income tax credit on eligible accommodation between Jan. 1 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.
To benefit from this tax credit, an eligible expense must be:
- for a getaway between Jan. 1 and Dec. 31 of 2022
- for a stay of less than a month at an accommodation such as a hotel, motel, resort, lodge, bed-and-breakfast establishment, cottage or campground in Ontario
- incurred for leisure; business expenses are excluded
- paid by the Ontario tax filer, their spouse or common-law partner, or their eligible child, as set out on a detailed receipt; the expense claimed cannot be 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