Children's Fitness Tax CreditThe 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. We have had numerous requests for receipts for last year's payment. However, the credit does not start until the 2007 tax year. The registration fees paid in 2006 do not apply to the 2007 tax year. The following is an excerpt from the Government web site regarding receipts. Issuing receiptsYou should issue a receipt for income tax purposes for amounts paid in 2007 only. Amounts paid in 2006 do not qualify even if all or part of the activity takes place in 2007. |
If you are interested in reading more from the Government web site, the following two links provide: http://www.cra-arc.gc.ca/fitness/ http://www.cra-arc.gc.ca/whtsnw/rgn-eng.html | 
