Basketball Manitoba is reminding parents of children and you adults that the deadline to claim your Child Fitness Tax Credits is fast approaching with the upcoming tax deadline of April 30. The federal program began recognizing costs tied to sports programs for children under the age of 16 in 2007 and in 2011, the provincial government began recognizing the same program for people ages 16-24. If you have paid fees of up to $500 for basketball programming in the last tax year for people under the age of 24, you can claim credits back on your current tax return. Examples of eligible basketball programs include the Manitoba Provincial Team Program, Centre for Performance Program, Winnipeg Minor Basketball Association and Rising Stars League. The deadline to submit your tax return to the Canadian Revenue Agency is April 30. For all details on the two programs...
Manitoba’s Fitness Tax Credit
Starting in 2011, Manitoba’s Fitness Tax Credit allows claims for fitness activities for children under 16 and by young adults aged 16 through 24. The cost of eligible fitness activities as defined under the federal legislation, up to $500, can be claimed by the young adult, or by a spouse or parent. This will provide an annual non-refundable benefit of up to $54 per youth. Children and young adults with a disability, on whose behalf at least $100 is spent for qualifying fitness activities, will be eligible for an additional $54 credit for a maximum credit of $108 – mirroring the federal treatment of children with a disability. The credits reduce Manitoba income tax otherwise payable in the tax year.
The Province's tax credit is administered by the Canada Revenue Agency (CRA), and builds upon the federal government's children's fitness amount.
For eligible activities and other information on this credit, which is aligned with the federal benefit, please visit the CRA children's fitness amount page.
Federal Children’s Fitness Tax Credit
You can claim to a maximum of $500 per child the fees paid in the current tax year relating to the cost of registration or membership for your or your spouse's or common-law partner's child in a prescribed program of physical activity.
Federal Child Fitness Tax Credit - http://www.cra-arc.gc.ca/fitness/
Obtaining a Receipt
- To obtain an official fitness tax receipt for the Manitoba Provincial Team or Centre for Performance Program, please contact Basketball Manitoba.
- For WMBA community club based programs, please contact your local community centre that you registered with.
- For Rising Stars League based teams, please contact your team's head coach.
- A sample receipt that a club can modify and use can be found here.