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Children’s Fitness and Arts Tax Credits

For the 2016 taxation year, the maximum amount of expenses that can be claimed has been reduced, to $500 from $1,000 for the fitness tax credit and to $250 from $500 for the arts tax credit.

The fitness tax credit will allow parents to claim a maximum of $500 per year for eligible fees paid for each child who is under 16 at any time during the year. The program would have to last a minimum of one session a week for eight weeks, except for camps where kids get a full week of exercise.

For children who qualify for the disability tax credit, parents can claim up to $500 per year in eligible fitness expenses paid for the child who is under 18 years of age at the beginning of the year. If at least $100 in eligible fitness expenses has been paid for the child, an additional amount of $500 can be added to the eligible fitness expenses actually incurred.

Effectvie for the 2017 and subsequent taxation years, both credits will be eliminated.