Ontarians can claim 20 percent of eligible accommodation expenses, up to $1,000 for individuals and $2,000 for families.
With March break right around the corner, the province's Tourism Minister is urging Ontarians to travel within the province
Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries was joined by Mayor Jim Diodati in Niagara Falls, to promote the Ontario Staycation Tax Credit.
Ontario residents who travel within the province will be able to claim up to 20 percent of eligible expenses for leisure stays this between January 1st and December 31st, 2022.
The Ontario Staycation Tax Credit will allow residents to claim eligible accommodation expenses, up to $1,000 for individuals and $2,000 for families.
This will provide up to $200 for an individual and $400 for a family.
Expenses that can be claimed include stays at hotels motels, lodges, bed and breakfast establishments, cottages, campgrounds and other short-term establishments.
Mayor Jim Diodati says this will be a big help to local tourism.
"With more than 40,000 people in Niagara who rely on tourism to support their families, this tax credit offered by the province will make a big impact. Hospitality is what Niagara Falls does best and with programs that we have had in place throughout the pandemic, like safetoplay.ca and safetostay.ca we are ready, our doors are open and we are thrilled to welcome more visitors from across Ontario!"
Residents can apply for the credit when filing 2022 personal income returns, and can receive the funds even if they don't owe income tax.
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