Well, it’s official, Ontarians can get money back if they choose to vacation in the province with the Ontario Tourist Tax Credit.
In an emailed statement to Narcity, Emily Hogeveen, director of issues management and media relations for the finance minister, confirmed that this new temporary tax credit has been passed into law and that Ontarians could apply for it in 2022.
“This Personal Income Tax Credit (IRP) would provide Ontario residents with 20% support for eligible accommodation expenses in 2022 of up to $ 1,000 for an individual and $ 2,000 for a family,” for a maximum credit of $ 200 or $ 400, respectively, “said Hogeveen.
So what will this brand new tax credit cover?
Ontarians can cash out if they vacation at a hotel, motel, bed and breakfast, cabin, campground, resort or inn in the province for less than a month between January 1 and December 31, 2022. The trip should also be purely for leisure reasons, too.
The tax credit for stays was announced in Ontario Economic Statement for 2021, where the provincial government also proposed the extension of another credit that could continue to help skills training programs.
The Ontario Skills Training Credit could reimburse eligible individuals for half of the appropriate expenses for the year, up to a total of $ 2,000. This can be used to cover costs such as tuition, as well as the costs of courses taken that year at eligible Canadian educational institutions or “fees paid to certain organizations regarding a professional, professional or professional examination taken. during this year “.
The cover image for this article is used for illustration purposes only.
Before you go, check out our Responsible Travel Guide to be informed, be safe, be smart and most of all, be respectful on your adventure.
In Ontario, a vaccination passport is required to access certain events, services and businesses, including restaurants and bars.
