After months and months of talking about it, the Ontario government has finally approved a “stay at home” travel tax credit to spur provincial tourism. Ontario residents who take a trip within the province in the 2022 tax year could be eligible for rebates under the new “Ontario Staycation Tax Credit” program, which was announced late this week as part of Premier Doug Ford’s Fall Economic Statement. Provincial residents will be eligible for 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 Read more
