Child Fitness Tax Credit Increased for 2014
On October 9, 2014 the Federal government made good on an April 2011 election promise and increased the Child Fitness Tax Credit to $1,000 from the previous maximum of $500. This means that effective January 1, 2014, you can now claim up to $1,000 annually for your child’s fitness expenses, and 15% of those expenses (up to…