News Release Article from
Minister Shea highlights new tax credit for parents
London, Ontario, August 19, 2011 … The Honourable Gail Shea, Minister of National Revenue, accompanied by Ed Holder, Member of Parliament for London West, today visited the London Children’s Museum to promote the new children’s arts tax credit, a new non-refundable credit passed this year in the 2011 federal budget.
“Parents whose children participate in paid artistic, cultural, recreational, and developmental programs will now enjoy the same benefit as parents whose children participate in paid programs of physical activity. Our Government believes whether a child is inspired by Justin Bieber, Karen Kain, Brett Lawrie, or The Tragically Hip, parents should receive a tax credit to help pay for the programs that will help their children live out those dreams,” said Minister Shea.
“One need not look further than the London Children's Museum to be reminded of the infinite curiosity and thirst for knowledge our kids possess. I am pleased that our government's Children's Art Tax credit will help London families enrich their children's lives in developing their cultural knowledge and creativity” added Ed Holder.
In addition to fitness programs covered by the children’s fitness tax credit, parents can now claim money spent on programs that focus on fine arts, music, performing arts, outdoor wilderness training, learning a language, studying a culture, tutoring, and more. When parents claim the children’s arts tax credit—up to a maximum of $500 of the cost of programs—they save as much as $75 at tax time per child claimed.
To find out if your child’s program is eligible for the children’s arts tax credit, go to www.cra.gc.ca/artscredit.
FOR BROADCAST USE:
National Revenue Minister Gail Shea today visited the London Children’s Museum to promote the new children’s arts tax credit. The credit can save parents up to $75 at tax time when they claim the costs of artistic, cultural, recreational and developmental programs for their children.
Director of Communications
Office of the Minister of National Revenue
Canada Revenue Agency