Toronto 
Ontario has announced a tax credit, Ontario Staycation Tax Credit as part of 2021 Ontario Economic Outlook and Fiscal Review: Build Ontario.
Ford government wants Ontarians to explore the province in 2022 to help the struggling tourism sector.
Those who explore the province could get a 20% personal income tax credit on eligible 2022 accommodation expenses of up to $2000.
According to the news release, the credit would provide an estimated $270 million to support over one-and-a-half million families to further discover Ontario.
What is Ontario Staycation Tax Credit:
The government is proposing a new, temporary Ontario Staycation Tax Credit for the 2022 tax year. This Personal Income Tax credit would provide Ontario residents with support of 20 per cent of eligible 2022 accommodation expenses of up to $1,000 for an individual and $2,000 for a family, for a maximum credit of $200 or $400, respectively.
Ontario residents could apply for this refundable credit when they file their 2022 Personal Income Tax returns and benefit even if they do not owe any tax.
What is eligible accommodation expense:
An eligible accommodation expense would have to 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 January 1 and December 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.
