TORONTO — As of January 1st, a new tax credit for Ontarians allows travellers to claim a 20-per-cent credit throughout 2022 for most accommodation expenses of up to $1,000 per person or $2,000 per family. The incentive works out to a maximum return of $200 per person or $400 per family.
“Everybody suffered,” Renda Abdo, owner of the Lakeside Motel in Prince Edward County, Ont. told CBC. “People are still very unsure about travelling on planes and too far away from home, so I think it’s perfect timing.”
“It makes sense to delay it to a time where Ontarians could comfortably and confidently take advantage of it,” Ryan Mallough, senior director of Provincial Affairs for Ontario, The Canadian Federation of Independent Business (CFIB) told CBC.
To claim the credit, an eligible accommodation must be for a leisure stay of less than a month at a hotel, motel, resort, lodge, bed-and-breakfast establishment, cottage or campground in Ontario. The stay must occur between Jan. 1 and Dec. 31, 2022.