Government doubles children’s fitness tax credit

The federal government announces it will double the amount parents can claim under the Children's Fitness Tax Credit for the 2014 tax year

The federal government announced that it will be doubling the amount parents can claim as a Children’s Fitness Tax Credit for the 2014 tax year, from $500 to $1,000.

“Everyone has heard the saying: ‘It doesn’t matter whether you win or lose, it is how you play the game,” Prime Minister Stephen Harper said. “But what’s even more important for our government is that kids get a chance to play in the first place.”

The amount claimed covers costs of registration or membership to a number of prescribed programs and applies to children under 16, or children with disabilities under 18.

For more information, visit the Canada Revenue Agency at cra-arc.gc.ca.