With most of the province’s residents within the 401 corridors, Northern Ontario remains a mystery to many. Being within driving distance as well as a Staycation Tax Credit available this year, summer 2022 is the perfect time for residents across Ontario to explore all that Northern Ontario has to offer.
What is the Staycation Tax Credit?
The provincial government has introduced a tax credit that residents can use when filing their 2022 tax return. This credit allows individuals or families to claim up to $200 as an individual or $400 $ as a family for each two-night stay at a hotel in the province of Ontario. This credit also extended to cabin rentals, lodge stays, campsites and more, providing Ontario residents with a wide selection of vacation ideas. Only one person in a family can apply for the credit.
“The Staycation Tax Credit is a fantastic opportunity for Ontarians to explore their own backyards during the upcoming tourist season. Interest in Northern Ontario, particularly the great outdoors, has grown exponentially since the pandemic began in 2020,” said Stephanie Hopkin, Senior Coordinator, Product Development, Marketing and Communications for Destination Northern Ontario. “With a 20% tax credit helping to offset accommodation costs, there’s never been a better time to explore Northern Ontario.
The temporary staycation tax credit is expected to motivate many Ontario residents to travel this summer and experience more of what the province has to offer. With inflation and fuel costs at record rates, staying close to home will likely be ideal for many this season.
Northern Ontario is ready and waiting to be explored
Northern Ontario covers a vast region of the province, much of which is awash with forests and terrain ready for any adventure.
Major municipalities in the Northern Ontario region include Nipissing, Parry Sound, Manitoulin, Timiskaming, Sudbury, Algoma, Cochrane, Thunder Bay, Rainy River and Kenora.
With Staycation Credit becoming more and more on the radar of Ontarians, it’s important to start planning early to ensure you can find accommodation that meets your budget, destination and other requirements.
“Book early and plan ahead as we know this tourist season, particularly along our main travel corridors of Highway 17 and Highway 11, will be very busy during the summer months,” adds Hopkin, “and don’t forget to save those receipts!”
In order to be eligible for Staycation credit, receipts must include the following information:
- Location of accommodation
- GST/HST paid
- The date of the stay
- Payer’s name
- The amount that can reasonably be considered the accommodation portion of the stay.
Learn more about the tax credit here and discover some interesting areas of Northern Ontario to visit on the Destination Northern Ontario website.