Want to save up to $400 on your Great Blue Resort cottage getaway in 2022?
Let us show you how with the new Ontario Staycation Tax Credit
Planning a family cottage vacation this year? Not sure if it fits within your budget? Looking to make your hard-earned money go even further?
Look no further than Great Blue Resorts with nine great cottage resorts across Ontario’s top cottage country areas. Renting a resort cottage for a week or more offers a unique family experience. Great Blue Resorts mixes camping with resort living, including pools, beaches, and activities.
Not only will you enjoy Ontario’s natural landscape and support local economies, but you’ll also receive a new tax credit!
The provincial government has introduced the Ontario Staycation Tax Credit to boost tourism and hospitality recovery. Ontario residents booking a getaway within Ontario in 2022 can now claim up to 20% on eligible accommodation expenses.
The Ontario Staycation Tax Credit allows you to claim a maximum credit up to $1,000 for an individual or $2,000 for a family. After filing your 2022 personal tax return, these credits translate into refunds of up to $200 (individual) or $400 (family).
To claim this tax credit, you must:
- Take an Ontario vacation of your choosing between January 1st and December 31st of 2022.
- Stayed at an eligible accommodation for less than one month.
- Travel for leisure only (i.e. business expenses are excluded).
- Pay for the getaway yourself (i.e. not be reimbursed by a third party).
- Have booked the stay directly with the provider or through an online platform.
Great Blue Resorts makes it easy to rent a resort cottage, and our accommodations meet all these eligibility criteria.
To claim this tax credit, you’ll need to hang on to detailed receipts. These need to show:
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- The location of the accommodation.
- The amount involved. Note that only the amount that can reasonably be considered to be for the accommodation portion of your stay is eligible. So incidentals such as room service would not qualify.
- Harmonized Sales Tax (HST) on the accommodation expense must be shown on the receipt to be eligible.
- The date of the stay.
- Your name as the payor.
Now is definitely the time to plan your family vacation in Ontario at a Great Blue Resort. Start by deciding what area of the province you want to enjoy, whether Muskoka, the Kawarthas, Prince Edward County, or Perth near Ottawa. Then choose a specific resort in your chosen destination and review cottage availability that best works with your plans.
The Ontario Staycation Tax Credit provides $270 million in support to Ontario families. This is also done to help the hospitality sector rebound. But unless policies change, it’s only envisioned as a temporary measure in place for 2022. So take advantage while you can!
Visit Ontario.ca on full details on eligibility and how to claim the credit.
Start planning your 2022 resort cottage getaway and take advantage of up to $400 off your getaway.