Children‘s Fitness Amount

For 2016, the budget reduces the 2016 maximum eligible amounts to $500.00 (from $1000.00) for the Children’s Fitness Credit (which will remain refundable for 2016) and to $250.00 (from $500.00) for the Children’s Arts Tax Credit. The supplemental amounts for children eligible for the Disability Tax Credit will remain at $500.00 for 2016. Both credits will be eliminated for the 2017 and subsequent taxation years.