| This will be the first time you can claim a | | | | The credit is calculated using the lowest tax rate (15% |
| non-refundable children's fitness tax credit on your tax | | | | for 2007) on a maximum of $500. It translates into $75 |
| return. Starting January 1, 2007, the Government of | | | | per child and an additional $75 for a child with a |
| Canada is allowing above tax credit on eligible | | | | disability (total $150 for a child with disability) |
| amounts of up to $500. A lot of Canadians are still not | | | | What types of programs are eligible? |
| aware of this tax-saving opportunity. I am writing this | | | | Eligible programs must meet the following: |
| post today to give you some basic information. Here | | | | - Program has to be supervised |
| are answers to some common questions about this | | | | - Program must include a significant amount of physical |
| tax credit | | | | activity |
| What are the age limits? | | | | - Program must be ongoing (at least eight consecutive |
| Children who are under 16 years of age or under 18 | | | | weeks, or, in the case of children's camps, five |
| years of age with a disability are eligible to participate. | | | | consecutive days long) |
| What are the amounts of the tax credit? | | | | What types of programs are not eligible? |
| Up to $500 eligible amount can be claimed. An | | | | Programs such as motorized sports, school physical |
| additional $500 can be claimed for children with | | | | activity that are part of the core curriculum or an |
| disabilities. | | | | activity for which a child rides on are not eligible. |
| What is the credit worth in terms of real dollar value? | | | | |