FACTS: Did you know?
Fitness and Arts Tax Credits
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.