Children's Fitness Tax Credit

Wednesday, February 20, 2008

Children's Fitness Tax Credit

For each of your children under 16 years of age at the beginning of 2007, you are eligible to a maximum amount of $500 per year for expenses paid in 2007 to register them in a physical activity program. If one of your children qualifies for the disability amount and is under age 18 at the beginning of 2007, you may claim an additional $500 as long as registration fees of at least $100 were paid for registering to the program.

To be eligible, the program must be ongoing (one session per week for at least eight weeks or five consecutive days in the case of a children’s camp), supervised, and suitable for children.  Substantially all of the program’s activities must include a significant amount of physical activity.

If some of the expenses you paid also qualify as child care expenses, these expenses must first be deducted as such. In 2007, only Manitoba, Nova Scotia and the Yukon have programs that are similar to the federal program.


« back to news

News RSS

UHY International Business #21

July 7, 2010 - UHY...

» more

Definition of “Permanent Establishment” changes January 1, 2010

January 1, 2010 - introduction of a new definition of “Permanent Establishment” effective January 1, 2010 .....

» more

New electronic filing requirements for GST/HST registrants

Registrants with greater than $1.5 million in taxable supplies will soon be required to file reports electronically ...

» more



FAQ

When is your 2010 personal income tax return due?

» more


When does a Canadian corporation have a permanent establishment in the U.S.?

» more


What are the new cheque-printing standards?

» more


UHY VICTOR SENCRL • LLP
Comptables agréés •
Chartered Accountants

759 Square Victoria, suite 400
Montréal, Québec, H2Y 2J7
Tél (514) 282-1836