Ontario — this one is for you. Residents who book a trip anywhere in the province in 2022 are eligible to claim a portion of qualified accommodation expenses thanks to the new, temporary Ontario Staycation Tax Credit.
(Re)discover Toronto and take a well-deserved vacation between January 1 and December 31, 2022. You’ll be eligible to claim a personal income tax credit of 20% of your accommodation expenses, up to a maximum of $1,000 for individuals and $2,000 for a family if you have a spouse, common-law partner or children. That means saving $200 or $400, respectively, just for booking accommodation.
All you have to do is:
- Be a resident of Ontario
- Book a trip within the province and stay at an eligible accommodation
- Apply for the refundable credit when filing your 2022 personal income tax return
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