Children’s Tax Act Credit

Are you a parent? Do you have kids that like to paint, play sports, or engage in extracurricular activities? Passed in the 2011 federal budget, the Children’s Tax Act Credit allows parents to claim eligible expenses for each of their children who participate in paid artistic, cultural, recreational, and/or developmental programs. To obtain more information about the CATC and to check whether or not you are an eligible claimant, click on the following link:

http://www.cra-arc.gc.ca/gncy/bdgt/2011/qa01-eng.html

If you have any concerns about your eligibility for the Children’s Tax Act Credit, or have any other questions in mind, please feel free to contact us.

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