In 2010, the Ontario Government introduced a tax credit similar to the Federal Children’s Fitness Credit for children under the age of 16. However, Ontario has expanded the range of eligible activities and includes music lessons, language lessons, drama and choir in addition to those eligible for the Federal program. You can claim up to $500 of eligible expenses, and would receive a refundable tax credit worth up to $50 per child or $100 for a child under 18 with a disability.
So gather those receipts and don’t forget to claim it on your tax return!
Tax Tip #1 – Child Fitness Tax Credit in Ontario
Juliet Aurora is the CEO of AIS Solutions and Co-Founder of Kninja Knetwork. Through both of these businesses she fulfills her mission to Educate and Empower those around her. In 2017, her firm was named Intuit's Global Firm of the Future, the first time the title has ever been awarded to any firm outside of the US. She has also has been named as one of the Top 50 Women in Accounting, one of the Top 50 Cloud Accountants and one of the Top 10 Canadian Influencers in the Bookkeeping Industry. Her passion for education is channeled through the Intuit Trainer Writer Network, hosting Kninja Knowledge Webinars and most recently, developing a Cloud Accounting Course for the next generation of accounting professionals.
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