WebHey, have you heard about Ontario's Staycation Tax Credit yet? Keep your RV rental and campground reservation receipts because next Tax season you can get money! The temporary Ontario Staycation Tax Credit for 2024 aims to encourage Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the … Web31 dec. 2024 · The province will give Ontario residents back 20 percent of the money they spend on eligible accommodations between January 1 and December 31, 2024 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.
Ontario Staycation Tax Credit: Get 20% Back on Local Stays
Web29 mrt. 2024 · Premier Ford has just announced a refundable staycation tax credit for people who live and vacation in Ontario. Read on to discover how to receive up to a $400 tax credit with your vacation at All-Season Cottage Rentals. Save Money on Your Staycation at All Season! Staycations allow you to take a break from your usual routine … Web17 dec. 2024 · The tax credit, which applies to travel within Ontario, will only be available for 2024. READ MORE: Government pitches 2024 as ‘year of the Ontario staycation’ during budget huk winter hat
Ontario staycation tax credit for 2024 announced CTV …
WebTaxation Act, 2007 s. 103.0.5 (5) for the 2024 tax year only. personal income tax (PIT) credit of 20% of eligible 2024 accommodation expenses of up to $1,000 for an individual and $2,000 for a family. maximum credit of $200 for an individual or $400 for a family. to be claimed on 2024 tax returns. Web1 jul. 2024 · The head of Ontario’s tourism industry group said the tax credit is an important pillar of support for recovery, estimating the sector has lost 130,000 to 140,000 out of 500,000 prepandemic jobs. holiday jokes and puns