Remember Canada’s child fitness tax credit

Remember Canada’s child fitness tax credit

As you’re working on your taxes this year, remember the credit you can claim because you enrolled your kids in a sports program.

The Children’s Fitness Tax Credit is worth up to $500 for each child under the age of 16 for fees paid in 2011 “relating to the cost of registering your … child in a prescribed program of physical activity”.

Eligible programs must be ongoing, supervised and be suitable for children.

They must also develop cardio-respiratory endurance and flexibility, balance, or muscular strength or endurance.

Sport and physical activity programs recommended by Sport for Life should all be eligible for the tax credit.

There’s a similar tax credit for children’s artistic and cultural programs.

Are you taking advantage of both?

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