The Federal Government of Canada has created a Children's Fitness Tax Credit for certain physical actitivies. While there is general community consenus that soccer participation is an activity that is eligible for this tax credit, DYSA recommends that you solicit independent tax advice in this regard.
DYSA believes that Select Program Fees are eligible for the Fitness Tax Credit.
Criteria for credit eligibility for the 2009 tax year:
- Registration fees paid in 2009. Note that DYSA registration payments were due as follows: $300 due April/May 2009 upon acceptance to the program ; $300 due October 1, 2009 and $300 due January 1, 2010.
- Soccer Activities occurring in 2009
- Children under 16 (born 1994 or later) at an time in 2009
If you paid the requisite $600 in fees for 2009 the eligible amount for the tax credit is:
- Payment 1: $300 less $35 kit allowance = $265
- Payment 2: $300 less $35 kit allowance = $265
- Total Eligible for 2009 = $530
Payments made on, or after, January 1, 2010 will be eligible for consideration during the 2010 taxation year.
Please request an official tax receipt only if Revenue Canada asks you for one. You are not required to attach a receipt to your income tax return.