Wednesday, September 08, 2010    This is in honour of all the hard work Wayne Webber has done over the years!  
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Children''s Fitness Tax Credit

The Government of Canada proposes to allow, starting in 2007, a non-refundable tax credit on eligible amounts of up to $500 paid by parents to register a child in an eligible program of physical activity.

The following is information about the proposed tax credit both for parents and for the organizations that provide eligible programs of physical activity. This information is based on legislation that has been tabled in the House of Commons but that has not yet become law.

While the Canada Revenue Agency (CRA) will administer the credit, organizations are in the best position to determine eligibility. The CRA will work with organizations in the coming months to assist them in determining whether a particular program qualifies.

For more information

Canada Revenue Agency
http://www.cra.gc.ca/fitness
1-800-959-5525

Finance Canada
http://www.fin.gc.ca/news06/06-084e.html

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