The Ontario government has issued a reminder to residents of the province that a refundable tax credit may be claimed for expenses incurred for eligible accommodation during 2022 at hotels, motels, lodges, bed-and-breakfast establishments, cottages, campgrounds, and other short-term accommodations in Ontario.
The 20% credit is available on eligible accommodation costs of up to $1,000 for individuals and $2,000 for families. The maximum credit, which will be claimed on the tax return for 2022, will therefore be $200 for individuals and $400 for families.
Details of the credit can be found on the Ontario government website at https://www.ontario.ca/page/ontario-staycation-tax-credit.