Tax Credit

The Government of Canada introduced a Children’s Fitness Tax Credit that is effective January 1, 2007. Parents who register a child in an eligible program of physical activity can claim a non-refundable tax credit on eligible amounts of up to $500 on their tax returns.

The school’s responsibility, as an organization providing eligible programs of physical activity, are set out in the Canada Revenue Agency narrative set out below. These eligible activities could include participation on extracurricular activities such as athletic teams. The credit will not cover fees charged for regular school physical education programming. Please ensure that the person(s) overseeing or supervising the activity reviews the criteria (see below), as set out by Canada Revenue Agency, to make a determination of whether an activity would be eligible or not.

Schools will be responsible to ensure that the appropriate information is on the receipt given to parents with respect to fees paid for eligible activities. There is no additional accounting required with respect to the Children’s Fitness Tax Credit.

More Info: CANADA REVENUE AGENCY Children's Fitness Amount