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 1240 times.
News ArchiveOther Recent Articles
  • 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.
  • 19
    Sep
    Organization
    SVC Tryouts IMPORTANT INFORMATION  Hello everyone.  Tryouts start this Sunday. Please remember: 1) You must complete the tryout registration and the temporary OVA registration before attending. These links are on the SVC website  2) You must ...
  • 16
    Sep
    Organization
    SVC Tryouts Tryout Dates and Times:
  • 16
    Sep
    Organization
    SVC Parent/Athlete ZOOM Meeting The club has planned a ZOOM meeting for Wednesday Sept. 16th at 7pm.  This will be an opportunity for the executive to explain how we are planning on moving forward with our season during this unusual pandemic ...
  • 03
    Sep
    Organization
    Attention SVC Competitive Athletes.  Tentative Tryout Dates are now posted! All tryouts will be at the Burnside Agriplex (353 McCarthy Rd Unit B) in Stratford.  Parents will not be permitted to enter the Agriplex to observe due to COVID-19 ...
  • 26
    Aug
    Organization
    SVC 2020-2021 Season Details Hello all athletes and parents. SVC is planning on going ahead with our competitive program this year.  We are also having discussions about our House league program as well.  Details regarding competitive team ...
  • 15
    Aug
    Organization
    Hello SVC Families, Stratford Volleyball Club wants your input regarding how comfortable you are with allowing your child to return to play volleyball this fall.  SVC has developed a return to play protocol that adheres to the Phase 3 protocols ...
Printed from stratfordvolleyballclub.com on Friday, October 30, 2020 at 11:41 AM