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Event

Fitness Tax Credit Information

February 26, 2018 - April 30, 2018
February 26, 2018

Description

 

Budget 2016 proposes to phase out the children’s fitness and arts tax credits:

  • Effective for the 2016 taxation year, the maximum eligible amount per child will be reduced to $500 from $1,000 for the children’s fitness tax credit (which will remain refundable for 2016) and to $250 from $500 for the children’s arts tax credit. The supplemental amounts for children eligible for the disability tax credit will remain at $500 for both credits for 2016.
  • Effective for the 2017 and subsequent taxation years, both credits will be eliminated.

https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2016-growing-middle-class/childrens-fitness-arts-tax-credits.html

Forms/Documents:

    Photos: