Children’s Fitness and Arts Tax Credits

Fitness tax credit

Children’s Fitness and Arts Tax Credits

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.

 

How is the children’s fitness tax credit changing?

Budget 2016 proposes to phase out the children’s fitness tax credit:

    • – For 2016, the maximum eligible fees in the year will be reduced to $500, but the additional amount of $500 for children eligible for the disability tax credit will not change. Therefore the maximum credit is reduced to $75 ($150 for a child eligible for the disability tax credit).
    • – For 2017 and subsequent taxation years, the children’s fitness tax credit and the additional amount for children eligible for the disability tax credit will no longer be available.
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