It could take another three years for Ontario’s tourism industry to recover from the COVID-19 pandemic, a major new study says. A report from The Tourism Industry Association of Ontario and the Ontario Chamber of Commerce, released today, calls for sweeping changes, including keeping the Ontario staycation tax credit, boosting cannabis tourism, providing better train and rapid transit service, giving indigenous tourism a push, and boosting affordable housing for workers. The study says tourism businesses in Canada’s most populous province are generating less than two-thirds (64%) of the revenues they saw in 2019, and that 70% have taken on debt Read more
Tax credits
A new survey by online travel agency CheapOair.ca finds that Ontario residents are woefully unaware of the province’s Ontario Staycation tax credit. The company today released the results of a new survey geared at Ontario travellers in an effort to better understand the perception towards the recently unveiled Ontario ‘Staycation’ Tax Credit, while also gauging 2022 travel perception and concerns as restrictions are slowly lifted. The CheapOair.ca Travel Perceptions study found that more than 66 percent of respondents were not aware of the Ontario Staycation tax credit. Unsurprisingly, interest in travelling is increasing, and more than 55 per cent of Read more
