Children Fitness Tax Credit – 2015 Changes
In October 2014 the Conservative government announced the following changes to the federal Children Fitness Tax Credit (CFTC) program commencing in 2015:
- the maximum that can be claimed under this program is $1,000 (previously $500).
- the tax credit is now refundable
Therefore parents may receive a refund of 15% of the amount claimed under the program up to a maximum of $150.
For more information on the CFTC program please visit the Canada Revenue Agency’s website.