IMPORTANT UPDATES!
If you and your family would like to receive your personal tax returns digitally, please ensure we have an email address for each member of your family.
We will be sending your final returns and signature pages through Sharefile’s Right Signature Platform, which will provide you the capability to sign your documents digitally.
ONTARIO STAYCATION TAX CREDIT
Ontario residents can claim a credit for 20% of their 2022 qualifying expenses for leisure accommodation(s) in Ontario of up to $1,000 as an individual or up to $2,000 as a family. Eligible expenses include hotels, motels, resorts, lodges, B&Bs, cottages, campgrounds, and vacation rental properties, so long as the supplier is registered for GST/HST. Ineligible expenses include travel costs (fuel, flights, parking, etc.), reimbursed costs, and costs that can be claimed under other credits (medical, business purpose, and education-related costs).
INCREASED HOUSING RELATED TAX CREDITS
First-Time Home Buyers’ Tax Credit – The amount is doubled such that eligible home buyers can access tax relief of $1,500.
Home Accessibility Tax Credit – The annual expense limit is doubled to $20,000 such that the maximum non-refundable tax credit is $3,000.