TORONTO — Ontario's tourism minister says the province won't be extending the staycation tax credit for another year, despite the hard-hit industry recommending the move as a way to help it recover from the pandemic.
That will end this year, but Lumsden says the province is supporting the sector in other ways, including $48.1 million for festivals and events and $19.1 million in support for Regional Tourism Organizations in 2022-23. 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.
Giving us money? Never permanent. Taking money from us? Always permanent, even if told temporary.
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