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Canadian Beach Ontario’s staycation tax credit for 2022 is now in effect, according to CTV News.

Anyone planning a getaway within the province in 2022 could be eligible for a tax refund under the new “Ontario Staycation Tax Credit” program.

Ontarians can get a 20% personal income tax credit on eligible accommodation between Jan. 1 and Dec. 31, 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.

Ontario residents can apply for this refundable credit when they file their 2022 personal tax returns and benefit even if they do not owe any tax.

According to the government, an eligible accommodation expense has 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 Jan. 1 and Dec. 31 of 2022

To read more, click here.