FACTS: Did you know?

New tax credits are helping BC’s children live healthy and creative lives by encouraging participation in arts and sports. BC families can now claim up to $500 – per child, per year – in eligible expenses for sports and arts programs outside the school system.

These tax credits go hand-in-hand with similar credits offered by the federal government, and have the same rules regarding expenses and eligibility.

This means a family with three children can claim up to $1,500 a year, assuming each child is involved in a sports or arts program outside the school system.

The credit covers a little over five per cent of your eligible expenses.  The bottom-line annual benefit – which you get when you file your income tax return – is up to $25 per child, per credit.

Click here to learn more about the Fitness and Arts Tax Credit.