CHANGES TO CHILD FITNESS & ART TAX CREDIT, News (Stratford Volleyball Club)

PrintNews Article
CHANGES TO CHILD FITNESS & ART TAX CREDIT
Submitted By jgardner on Monday, April 18, 2016
The Stratford Volleyball Club has recently become aware of a change to the Tax Credits allowed for the Fitness and Art allowances that the Volleyball Club provides tax receipts to our participating families.  Please see a copy of correspondence received by our President from our MP, John Nater: 


In the recent Federal Budget, the new Government indicated their plans to first reduce and then end the Children’s Fitness Tax Credit and the Children’s Art Tax Credit.

I am certainly disappointed in the decision. However, I am writing to ensure your organization is aware of the change so you can inform families registering for the programs you offer. As of July 1, 2016 the limit on the Children’s Fitness Tax Credit will be reduced from $1,000 to $500. On July 1, 2017 it will be eliminated entirely. I encourage you to share this information on your website, at your place of business, through social media, or by any other means you deem appropriate.  Please encourage parents to keep their records of payment. It is important that families have the opportunity to take advantage of these tax savings while they still exist.

According to the Department of Finance, the Children’s Fitness Tax Credit resulted in approximately $1.13 Billion in federal tax savings for Canadian families since it was implemented in 2006. 

It is unfortunate that the new Government has chosen to eliminate these credits and I personally oppose these changes.  


Sincerely, 

John Nater, 
M.P.Perth—Wellington

Amendment to above statement:

In the recent Federal Budget, the new Government indicated their plans to first reduce and then end the Children’s Fitness Tax Credit and the Children’s Art Tax Credit.  Originally, the tax credit was to end on July 1, 2017, but documents recently released from the Department of Finance indicate that the Children’s Fitness Tax Credit will be eliminated on January 1, 2017. Six months earlier than previously expected.

 

Information provided by the office of: John Nater, M.P.  Perth—Wellington  




This article has been viewed 1281 times.
News ArchiveOther Recent Articles
  • 02
    Apr
    Organization
    Attention SVC members. As you all are aware, the province will be entering a 28 day shutdown as of April 3rd.  This effectively means that our indoor volleyball season has come to an end.  While it is very sad to see an end to our season, we are ...
  • 21
    Mar
    Organization
    Attention all SVC club members, The SVC executive has decided that we will waive club fees for the remainder of this unusual season.  Although waiving these fees will put us in a negative balance for the year, the club has a bank balance that is ...
  • 21
    Feb
    Organization
    Practices resume on Tuesday.   Please remember our COVID protocols. - complete the Daily COVID-19 check before arriving at the Agriplex. - wear a mask at all times. - social distance at all times except for inadvertent breaching of distancing ...
  • 21
    Feb
    Organization
    Welcome back everyone.  SVC Practices will resume on Feb. 21st, 2021.  Practice times and all COVID-19 related protocols will remain the same as prior to lockdown.  Please remember the following: - Wear a mask at all times - Do the SVC Daily ...
  • 23
    Jan
    Organization
    Hello SVC athletes, parents, and coaches.   We hope you are all coping the best you can all things considered. At this point, we remain uncertain regarding when restrictions will be lifted to permit a resumption of club activities.   Be sure that ...
  • 21
    Dec
    Organization
    Attention all SVC members, As per the shut down announcement today by the Province of Ontario, Stratford Volleyball Club will be ceasing all activities from Christmas until at least January 25th, 2021.  The club will send out an update in late ...
  • 12
    Oct
    Organization
    2020-2021 Preliminary Fees Preliminary fees are due.  To make payment, e transfer $80.00 to [email protected] (please put your player's name in the comments) This will cover the fees for the months of September, October, and November.  MRS ...
  • 20
    Sep
    Organization
    Tryout Update 2 Hello all.  SVC Tryouts begin today.  The new provincial gathering size limits only apply to unsupervised social gatherings and will not affect our tryout plans at this point in time.
Printed from stratfordvolleyballclub.com on Saturday, April 17, 2021 at 3:45 AM