What is the Children’s Fitness Tax Credit?

Tax Tips with Lana Laskovic, Armour Mountain Bookkeeping

The Children’s Fitness Tax Credit allows you to claim eligible fees paid in the year up to a maximum of $1000.00 per child (an additional amount of $500.00 is available if the child is eligible for the Disability Tax Credit and minimum of $100.00 has been paid for eligible fees in the year).  Eligible fees include an amount paid related to the cost of registration or membership for you or your spouse’s or common-law partner’s child in a prescribed program of physical activity.  The child must have been under 16 years of age (or under 18 years of age if eligible for the disability tax credit) at the beginning of the 2015 year in which an eligible fitness expense was paid.

Children’s Arts Tax Credit

Is your child a budding artist or musician? If your child attends programs that contribute to his or her development, you may be eligible for a break at tax time.

Important facts

If your child participated in an eligible program of artistic, cultural, recreational, or developmental activity, you may be able to claim up to $500 of the fees you paid in 2015 for registration or membership. Claiming the full $500 can save you $75 on your tax bill.

Your child must have been under 16 years of age at the beginning of the year in which eligible arts expenses were paid (or under 18 years of age if he or she is eligible for the disability amount).

You can claim this credit for your child, as well as the child of your spouse or common-law partner.

You may claim an additional amount of $500 for each eligible child who qualifies for the disability amount and for whom you paid a minimum of $100 for registration or membership fees.

Two parents can claim eligible fees for the same child, as long as they do not claim the same fees and the combined amount is not more than $500.

Organizations who offer programs are in the best position to determine if they are eligible. Make sure to get a receipt for the fees you paid.

Fraudulent emails and phone calls – Protect yourself!

The CRA is warning Canadians that fraudulent emails and phone calls purporting to be from the Agency are currently being reported. Find out more about these scams on CRA’s website and learn how you can protect yourself.

If you would like to learn more about these tax credits please contact Armour Mountain Office Services, our hours are 9am – 4pm, Tuesday to Saturday.  After hours appointments are available please call: 250-672-9994 or email: ambats@live.ca