Tax Credits

 The Federal and Nova Scotia governments have programs in place to encourage participation in structured physical activity programs. Coastal Dance is pleased to support these initiatives and will provide the necessary receipts.

The following information is excerpted from the respective government department web sites. It is suggested that you visit their websites to be current with any changes to the programs.

Government of Canada - Children's Fitness Tax Credit

www.cra-arc.gc.ca/whatsnew/organi-e.html          

         www.cra-arc.gc.ca/fitness/

Prescribed programs of physical activity

• be ongoing (either a minimum of eight weeks long or, for children's camps, five consecutive days long);
• be supervised;
• be suitable for children; and
• include a significant amount of physical activity that contributes to cardio-respiratory endurance, plus one or more of: muscular strength, muscular endurance, flexibility, or balance.

Amount of the tax credit

The children's fitness tax credit lets parents claim up to $500 per year for eligible fitness expenses paid for each child who is under 16 years of age at the beginning of the year in which the expenses are paid.

An eligible fitness expense must be for the cost of registration or membership of an eligible child in a prescribed program of physical activity.

Receipt for calendar year

• organization's name and address
• name of the eligible program or activity
• amount received, date received, amount that is eligible for the children's fitness tax credit (eligible fees)
• full name of the payer
• full name of the child, and the child's year of birth
• authorized signature

Note
An authorized signature is not required for electronically generated receipts.

 

Government of Nova Scotia - Healthy Living Incentive

 

www.gov.ns.ca/hpp/HealthyLivingIncentive.html

 

Coastal Dance is a registered participant in this program.

 

Class fees for students 17 years and younger are eligible for the Nova Scotia Healthy Living Tax Incentive. This tax credit, or healthy living incentive, provides an allowable tax expense per child to help with the cost of registering children and youth in sport or recreation activities that offer health benefits. Prior to January 1, 2007 the amount per child was $150.00. As of January 1, 2007 this amount was raised to $500.00 per child per year.

 

Receipts will be made available in January/February for the previous calendar year.

 

Parents/guardians MUST keep their registration tax receipts in order to claim the credit on their tax return.