The provincial government is helping Ontario families with the cost of activities that keep their kids healthy and active. Through the new, permanent Children’s Activity Tax Credit, parents can claim up to $500 in eligible expenses and get a refundable tax credit of up to $50 for each child under the age of 16, and up to $100 per child under the age of 18 who has a disability.
As part of the Open Ontario plan, this tax credit is the only one in Canada that covers a wide range of activities, from hockey, music or art lessons to dance class. In addition, the credit is fully refundable, meaning that all Ontario families can benefit, including those that pay little or no income tax. All activities paid for in 2010 are eligible for the credit – but parents must keep receipts to claim the credit.
To learn more about the Children’s Activity Tax Credit go to: http://www.fin.gov.on.ca/en/catc/.
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