Tax credit part of fall economic outlook
Ontario is charting its path out of the pandemic and there is an added incentive to encourage us to travel in Ontario
In an effort to help the hard hit tourism sector the province's Finance Minister announcing yesterday the government will begin offering residents a tax credit if they take a "Staycation".
Ontarians can get a 20 per cent personal income tax credit on eligible accommodation between Jan. 1st and Dec. 31st of next year up to a maximum of $1,000 for an individual and $2,000 for a family, for a maximum credit of $200 or $400 respectively.
All you have to do is stay at an eligible accommodation which includes hotels, motels, resorts, lodges, bed-and-breakfasts, cottages or campgrounds in the province.
The Finance Minister also announcing the province is boosting health spending, including adding thousands more nurses, as well as investing more in roads and bridges and phasing out COVID-19 supports.
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