Tag: credit

“Staycation Tax Credit” urges Ontarians to vacation locally

The ups and down of the last two years may have many of us thinking it’s time to take a break and get away. However, the rise in Covid infections, the constantly changing requirements for travel and fears of getting stuck in a foreign country have many of us opting for a vacation destination closer to home. This year, Ontario has made the “staycation” more attractive for residents. (more…)

The mini electoral budget: new major GTA highways and staycation tax credit pledged

TORONTO – The provincial government is preparing for the 2022 elections, seven months in advance. Today, Finance Minister Peter Bethlenfalvy introduced the Fall Economic Statement, a document that usually has a lesser value and that lays the foundations for the Spring Maneuver. We are in the presence of a real mini budget, with a detailed spending and investment plan, a clear indication of the government’s willingness to arrive at the next electoral consultation with a well-defined economic and fiscal platform. In the document, first of all, an increase in the deficit of 5.1 billion dollars is expected: the budget red, for the fiscal year 2021-2022, should reach 21.5 billion.  (more…)