A new all-season 4 bedroom executive waterfront cottage on 4 acres of land with 450 feet of private shoreline on the shores of a very tranquil and private Popeye Lake, Elliot Lake, Ontario. This spacious home surrounded by nature is perfect: to relax; recharge; spend time with family; cook gourmet meals; experience the Finnish Sauna; spend quality family time; jump in the lake; enjoy the water park; kayak; canoe; curl up by the wood fireplace; write a book; hike; go ATVing; snowshoeing; golf; ski; snowmobile; ice fish and more!. Welcome to a great experience!
The gated circular driveway off the main road leads you to the amazing luxurious all-season 4 bedroom retreat. A large wrap-around lake-side deck is perfect for relaxing, dining, BBQing, beautiful lake views or watching the stars. A nice pathway leads you to a large dock that has a gazebo. Here you can launch your kayaks/canoes/paddle board, fish, plant yourself in the Adirondack chairs or the gazebo conversation set to enjoy the views and tranquility or simply jump off the dock to cool off.
The Government of Ontario has introduced a Refundable Staycation Tax Credit for the 2022 tax year.
It’s so exciting and such a nice recognition for using your hard-earned vacation time and dollars on the Ontario cottage rental experience, that you’ve come to know and love.
But, what does this mean? And, how can you benefit?
Beginning July 1st, 2021, HST was applied to all cottage rentals reserved through an online platform. Unfortunately, this meant, the price was likely bumped up by at least 13% over the same cottage vacation in 2020.
If you booked early in 2021, this probably didn’t affect you, however, like many other Ontarians, you’re now seeing the new reality of cottage rentals with HST.
But, for 2022, the Ontario government has announced that when you enjoy a Staycation in Ontario, you will be eligible for the Refundable Staycation Tax Credit of up to 20%!
What does a Refundable Staycation Tax Credit mean?
When the 2022 Tax Season comes and you (the Lead Guest) file your taxes, include the receipt from The Dream Cottage.
You will then receive a 20% refund on your taxes from your Ontario cottage rental vacation (to a maximum of $400 for a family). It really is that simple!
Still not sure what a Refundable Tax Credit is?
When you file your taxes, the refundable and non-refundable tax credits get subtracted from the income you’ve earned.
You will not receive any sort of payment for a non-refundable tax credit. However, for a refundable tax credit (such as Ontario’s Staycation Tax Credit), if the credit exceeds the amount of taxes you owe, you will receive the difference as a paid refund.
But what does this all mean? In essence, if the refundable credit exceeds the amount you owe at tax time, the difference will be paid to you!
We Want to Help
So, to be eligible for this exciting new tax credit, all you need to do is to book your dream vacation at The Dream Cottage in Ontario!
Book Your 2022 Ontario Staycation now!
The circular driveway off the main road leads you to the amazing luxurious all-season 4 bedroom, 3.5 bath retreat. A large wrap-around lake-side deck is perfect for relaxing, dining, BBQing, beautiful lake views or watching the stars. A nice pathway leads you to a large dock. Here you can launch your kayaks/canoes, fish, plant yourself in the Adirondack chairs to enjoy the views and tranquility or simply jump off the dock to cool off.