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If your children are enrolled in hockey, dance classes
or art lessons, as of January 1, you’ll get a new tax break.
The Ontario government has passed a new Children’s Activity Tax
Credit providing up to $50 back for each child under 16. You can
get up to $100 back if your child has a disability and is under
18.
The credit covers sports like hockey and soccer, but other
activities like first aid, cadets, choir, pottery and chess are
also eligible. A longer, but not definitive, list is available
at
Ontario.ca/kidscredit.
The credit is refundable, which is great news, so families of
all income levels can benefit. If you pay income tax, you’ll
receive a deduction on the amount you owe. If you don’t
pay income tax, you’ll get a refund. If an activity meets the
criteria for the federal fitness tax credit, it automatically
qualifies for the provincial credit.
Better yet, this credit is retroactive, meaning activities your
kids joined in 2010 are eligible when you file your taxes this
upcoming spring. Just remember to keep your receipts.
For more information, call 1 866 668-8297 or visit
Ontario.ca/kidscredit.
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