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staycation tax credit

Now that we're into the new year, Ontario is bringing in a list of new changes for 2023 that could impact your life in several different ways.

From everything to Ontario's minimum wage to rules and costs for drivers, and changes to various categories in health care, there are lots of new laws you'll want to make note of.

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Good morning — Andrew from Narcity here. ☕

Off The Top: Canadian lounge lizard Michael Bublé recently got inked to honour his fourth and youngest child, daughter Cielo. Somewhat alarmingly, the 47-year-old crooner declared that he's got room on his body for six additional tattoos of the child-honouring variety, dramatically increasing the likelihood that the Bublé family eventually joins Nick Cannon's family through marriage.

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Tax season is just around the corner. While it's not exactly a fun time of year, there are actually a lot of personal income tax credits that you could potentially apply for to get some money back.

The Ontario government just detailed the tax credits that residents can apply for the upcoming season, and here are seven credits (plus one to keep in mind for next year) to check out to see if you qualify for.

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It really does pay to go on vacation thanks to the new staycation tax credit in Ontario.

Emily Hogeveen, the Director of Issues Management & Media Relations for the Minister of Finance, told Narcity in an email that the "refundable personal income tax credit would provide eligible Ontario residents with support of 20 per cent of eligible 2022 accommodation expenses of up to $1,000 for an individual or $2,000 for a family for their Ontario stays in 2022, for a maximum credit of $200 or $400, respectively."

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