The Ontario Staycation Tax Credit only applies to leisure stays between January 1, 2022, and December 31, 2022, so you can’t claim it until your 2022 tax return. You can find more information on the Ontario Ministry of Finance website: Ontario Staycation Tax Credit
Hello,
The stay-cation credit can be entered from form "worksheet ON479".
Best regards,
Eric K.
Thanks Eric. A quick check doesn't reveal this worksheet as something that's available on TurboTax. When I check CRA's website, it only has a 2021 form avaialable with nothing that indicates Staycation Tax credit. I assume I'm just too early for the CRA to catchup on the ontario forms and then the TurboTax developers to complete this.
have you seen a 2022 form with staycation as a line item?
Hi Peter,
The stay-cation tax credit will end up on Line 47900 of your T1 General form. I will attach some pictures for you to view that should help, but if you double click on line 47900 from the T1 General, it will bring you to form ON479. From there, you will scroll to the top of form ON479 where you will find the Ontario stay-cation tax credit area. Double click on the cell for line 63052. This will bring you to the worksheet where you can populate your calendar 2022 accommodation information (ON479 Worksheet).
Pro Tip: I found that I could not select "Family" or "Individual" for the stay-cation tax credit on form ON479. I had to drill down into line 63052 and populate the information there first. The software then takes care of the "Family" or "Individual" selection and assigns the limits.
In case you are wondering what expenses are eligible or not, you can refer to the Ontario.ca website below.
Stay-Cation (Eligibility Details - Expenses etc.)
I hope this helps.
Regards,
Eric K.
Accidentally added a secondary reply - Please see commentary below for the solution.
Those look like awesome forms. I wish I had access to those. See screenshot for what I see in TurboTax below. Plus, where did you get the 2022 form for ON 479. I can't find that on the CRA website anywhere:
I just keep getting the 2021 version: https://www.google.com/search?q=form+on479+2022
not that it would help me with turbotax entries...
Those forms are all in Turbo Tax Standard 2022. I use the forms method for entering my taxes as opposed to answering the easy-step questions. You can switch between the methods by selecting "Forms" / "Easy Step" from the taskbar. (See Screenshot Below).
I still have the Family or Individual tick bx issue, even after filling in the details. Nothing is carrying forward to 63052. Both Box 1 and Box 2 for 63052 show 0, despite the expenses being entered?
Software bug?
Hi, does anyone already found where to put this credit through the turbotax online 2022?
Turbo tax put the announcement like this:
Updated tax changes for 2022 | |
The refundable Staycation Tax Credit allows Ontarians to claim 20% of eligible accommodation expenses up to $1,000 for an individual or $2,000 for a family, for a max credit of $200 or $400, respectively. |
But there is no where to put the amount?
Also I can't find where to enter the form "worksheet ON479" as mentioned here, on the turbotax online version.
Thanks for the insights!
Lisa
Hello,
Did you populate a valid date range within 2022?
Did you include the HST number of the company you stayed with?
Did you populate all of your personal information into the return before beginning so that it could read you as an individual?
Perhaps it needs a SIN number or something of the sort to function.
I am just tossing out ideas at this point.
I would suggest starting with reviewing the data entry on form ONWS ON479 and going from there.
Regards,
EK
Hey Lisa,
I don't know about the Turbo Tax online version and it's functionality, but the actual form name in the software version of turbotax is "ONWS ON479" in case there is a search function for forms you can use.
Regards,
EK
Thanks for the suggestions. I believe I have don al this correctly. I am using PC desktop version of Turbotax.
Specifics:
1. All details are entered into Worksheet ON479, Line 63052. They total correctly into Line 1.
2. The $$ do not then transfers into either Box 1 (line 2) or Box 2 (line 6). Thus $0 is transferred to Form ON479. Note - If i override, they don't transfer either.
3. Form ON479: I have checked Staycation tax credit, no problem. I cannot tick-box either line 63051 (Family or Individual) check boxes. If I override the field, the $$ appear properly...
Looks like a bugon item #3 to me - dont know where else to enter family or individual?
Unfortunately, the process for applying for the Ontario Staycation Tax Credit in TurboTax hasn’t been finalized yet. It should be available in February when filing your return using NETFILE or printing will also become available.
Thanks - it would be great if Turbotax just told users that!
This is a pretty simple calculation...not sure why it isn't available in this beta software.
Faster forum monitoring and notification might be better for your customers satisfaction as well...
@peterbagley10 There is a message in the CD/Download version, but for some reason it's not in the Online version. We will ask the product development team if they can add one.
@cammer Most of the calculations on a tax return are pretty simple. But we have to test our calculations and get them certified by the Canada Revenue Agency (CRA) before we can add them.
Also, we try to answer every question in a timely fashion, but unfortunately, we sometimes can’t get to them as quickly as we would like. This is especially true before NETFILE opens, as we are still in regular business hours (Monday to Friday 9 AM to 6 PM ET). We will have weekend and evening service when NETFILE opens.
Please be advised that the Ontario Staycation credit is now available in TurboTax Online. To apply for the credit, you can select Provincial, then Provincial Tax Credit Profile.
I do not see the Staycation deduction.... where in the Online version is it?
Thanks
Unfortunately, the Ontario Staycation credit is not finalized at the Canada Revenue Agency yet. An adjustment will need to be done at a later date if you file before it is ready. Note: Printing or filing of your return is not available till February 21. Once Netfile and printing is available, the credit will be available in the return.
Thank you for choosing TurboTax.
Please be advised that the Ontario Staycation credit is now available in TurboTax Online. To apply for the credit, you can select Provincial, then Provincial Tax Credit Profile.
Anyone else for the past couple days since Netfile has opended having problems with an Alert on the NETFILE page of the PC/Downloaded Version of Turbo Tax? We had not problem entering the Ontario Staycation Tax Credit information and does the calculation properly as per the CRA calculations but when we get to the screen to NETFILE we get the following ALERT at the top of the Page:
"Canada Revenue Agency has released new information for the Ontario Staycation tax credit that is not included into this release. If you are claiming this credit, we do not recommend you to NETFILE at this time. The Ontario Staycation tax credit changes will be included into our next release."
The software is fully update and shows that we can still start the processing of NETFILE.
Anyone else having this message and did you file anyways and had no problems?