Two tax credits for kids’ activities mean more money in your pockets
Today, Andrew Scheer, Leader of Canada’s Conservatives, announced two tangible measures so Canadians can worry less about their bottom line.
“This election will come down to one question: Who do you trust to put more money in your pocket for you, for your family?” said Scheer. “I have a plan for all Canadians to get ahead, starting with families who work so hard while raising their kids.”
With the Children’s Fitness Tax Credit, a new Conservative government will:
- Allow parents to claim up to $1,000 per child for expenses related to fitness or sports-related activities;
- Make the credit refundable so low-income Canadians benefit most; and,
- Allow parents of children with disabilities to claim an additional $500 per child, per year.
With the Children’s Arts and Learning Tax Credit, a new Conservative government will:
- Allow parents to claim up to $500 per child for expenses related to arts and educational activities;
- Make the credit refundable so low-income Canadians benefit most;
- Make it flexible, so children can get extra help studying a language or learning science, math or coding; and,
- Allow parents of children with disabilities to claim double the amount, up to $1,000 per child, per year.
Under Justin Trudeau, Canadian families are under pressure and worried about their future. Half of families are just $200 away from insolvency at the end of each month. Canadian families’ net worth declined for the first time in a decade. And because of Justin Trudeau’s carbon tax, every day essentials cost more and more.
“Young, middle-class families are the future of this country. Instead of helping the middle class like he promised, Justin Trudeau has made life more expensive,” said Scheer. “I have a plan that will put more money in your pockets – for you, for your kids. It’s time for you to get ahead.”
As Prime Minister, Andrew Scheer will:
- Cut taxes for every working Canadian by implementing the Universal Tax Cut;
- Support commuters with the Green Public Transit Tax Credit; and,
- Support young families by making EI maternity and parental benefits tax-free.
- The Trudeau Liberals cancelled two previously available tax credits (arts and fitness).
- In 2017, Trudeau falsely claimed “low-income families don’t benefit from tax breaks.” In fact, claimants of the two cancelled tax cuts came from all income tax brackets, and from every region of the country.
- Nearly 1.78 million Canadian families claimed at least one of two previously available tax credits (arts or fitness) in 2014 alone.
- That year, more than 698,000 Ontario families, more than 411,000 Quebec families, more than 223,000 B.C. families and more than 217,000 families in Alberta families benefitted from these credits.
- Some 210,000 families making $40,000 or less (i.e., households in the lowest income tax bracket) applied for and received these tax credits.