Ontario won't make staycation tax credit permanent despite calls from industry

  • 📰 OttawaCitizen
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

TORONTO — Ontario’s tourism minister says the province won’t be extending the staycation tax credit for another year, despite the hard\u002Dhit industry…

Neil Lumsden, the minister of tourism, culture and sport, says in a statement that the province temporarily introduced it for the 2022 tax year to spur pandemic recovery for the tourism, hospitality and culture sectors.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

A joint report earlier this week from the Ontario Chamber of Commerce and the Tourism Industry Association of Ontario said the sector won’t fully recover until 2025 and suggested dozens of ways the provincial and federal governments could help. Those recommendations included permanently keeping the staycation tax credit, which allows Ontarians to claim 20 per cent of eligible accommodation expenses, such as hotel or campground stays, in order to encourage local travel.

Green Party Leader Mike Schreiner says the Progressive Conservative government is abandoning the tourism industry. “To take away incentives that benefit both the tourism industry, and families needing a bit of help to be able to travel our beautiful province during a time of high inflation, truly makes no sense,” he wrote in a statement.Share this article in your social network

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If you want to travel do not pick my pockets to do so

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 21. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines