Children's Fitness Tax Credit
What is the Children’s Fitness Tax Credit?
The goal of this new tax credit offered by the Government of Canada is to promote physical fitness amongst children under the age of 16, and to provide a positive impact on a child’s growth through physical activity. This allows parents to claim up to $500 in tax credit.
Which Côte Saint-Luc Parks & Recreation programs are eligible for the credit?
Programs of a duration of eight weeks or more, offered at a minimum of one session per week. Baseball, basketball, dance, karate, swimming, soccer, street hockey, Learn-to-Skate and Initiation to Sports are all eligible. Day camps are also eligible provided that 50 percent of the program is devoted to physical activity. All Côte Saint-Luc day camps meet this requirement.
What is the credit worth?
The credit is calculated at the lowest tax rate on a maximum of $500 of fees per child.
i.e. 15.5% x $200 in registration fee = $31 (tax credit)
What are the measures for children with disabilities?
In recognizing the particular challenges that children with disabilities face, the age limit will rise to 18 years of age. The Act will also introduce a separate $500 non-refundable amount for disability tax credit. The children are subject to spending a minimum of $100 on registration fees for an eligible program. This additional amount provides general recognition of the extra costs that children with disabilities encounter in becoming involved in programs of physical activity.
For more information, contact the Parks and Recreation Department at recreation@cotesaintluc.org or 514-485-6806, or visit Government of Canada Fitness Tax Credit.
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