There’s a new reason to visit Ontario’s unforgettable Muskoka region (...and, one that actually makes it more affordable).
Adding to the enticement of exploring Ontario’s most picture-perfect spots, the provincial government just announced its plan for a staycation tax credit.
Anyone planning a getaway within the province in the 2022 tax year could be eligible for the "Ontario Staycation Tax Credit" program, which was announced as part of the Ford government’s Fall Economic Statement that was tabled last week.
Qualifying Ontario explorers will receive a 20% personal income tax credit on eligible accommodation between January 1 and December 1, 2022, up to a maximum of $1,000 for an individual and $2,000 for a family, for a maximum credit of $200 or $400 respectively.
READ: Demand Continues to Challenge Supply in Muskoka’s Fall Real Estate Scene
With its glistening lakes, cozy fireplaces, painting-like sunsets, and fresh pine air, Muskoka provides a no-fail option for a quintessential Ontario escape. Renting a place in the the pristine part of the province for a short getaway to relax and refuel is the next best thing to buying in the region's red-hot real estate market.
And there are no shortage of stunning rental cottages throughout Muskoka that are completely worth the splurge. Muskoka District Rentals offers a well curated selection of Muskoka’s finest rental properties. And business is booming, as demand soars like never before.
"With the onset of COVID 19 international travel restrictions introduced in early spring of 2020, we saw a major increase in demand for short term stay options in cottage country that would allow friends and family to more safely self-isolate together while enjoy[ing] nature and a lake life experience," says Ross Halloran, Broker and Senior VP sales at Sotheby’s International Realty Canada's Muskoka-based Halloran & Associates.
"This trend has continued throughout 2021, as a new market of cottagers have been introduced to lake country and want to further expand these experiences and incorporate them into their regular annual travel plans. This new Ontario staycation tax credit program will both reward and support patrons of these new local short term rental behaviours while ensuring that the associated tourist related revenues stay in Ontario to fuel the growth and prosperity of the local communities that serve these important lakeland regions, while helping to offset rentals costs to Ontario based guests."
Maryrose Coleman of Muskoka District Rentals adds: "We can provide a great opportunity to take advantage of Ontario travel, support local tourism, and get a tax rebate."
And as such, without further adieu, here are three incredible Muskoka escapes we have our eyes on...
Priscilla’s Cottage on Bass Lake
Image: Muskoka District Rentals
Those with a soft spot for sunsets and soothing views will appreciate Priscilla’s Cottage on Muskoka’s beautiful Bass Lake. Set on 305 feet of southwest facing shoreline and perched on a piece of classic Canadian shield where the granite slopes gently to the lake (sigh), this self-contained two bedroom cottage has a fabulous deck space with lake views as well as a long dock – perfect for soaking up the sun and fresh air. A wood stove provides a cozy and functional addition on cooler evenings. The cottage is just a short drive from the charming community of Port Carling.
Find more information here.
Brackenrig Retreat
Image: Muskoka District Rentals
Located on Muskoka’s iconic Lake Rosseau, the family-focused Brackenrig Retreat offers breathtaking sunset vistas and a sandy beach. The four-bedroom, two-bathroom architectural lake house cottage is nestled into the Muskoka granite, built three metres from water’s edge, with a massive deck facing the water. Adding to the soothing vibe of the property is a sauna room with a built-in massage table and an outdoor hot tub on the deck with lake views. An inviting living room also offers no shortage of views, and is complete with a cozy fireplace.
Find more information here.
La Belle Vue
Image: Muskoka District Rentals
Fresh from a renovation earlier this year, La Belle Vue on Long Lake is the perfect four-season Muskoka family getaway. This spacious four-bedroom property also shines in the sunset department, thanks to its southwest orientation. Located just outside of Bala, the well-designed cottage features a designer kitchen with high-end appliances, a gas range, and marble countertops and a walkout to a deck for barbecuing and outdoor dining. A massive dock offers glorious sunshine and unmatched views.
Find more information here.
If you're in the market to rent a property, remember to be smart about it to avoid unexpected surprises, and use a reputable company like Muskoka District Rentals.
This article was produced in partnership with STOREYS Custom Studio.
