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Newsletters>
Child fitness credit bonus $500 if you spent $100
February 3, 2010
http://www.cra-arc.gc.ca/whtsnw/fitness-eng.html
Here's how the Child Fitness Credit works if you have a child with a disability
As long as what you spent is at least $100, take the amount you spent, up to $500 and add a bonus $500.
If you didn't do that for 2007 and 2008, you can request an adjustment to add that $500 tax credit which would be worth $500 x 20% approximately (depends on your province and you have to have paid tax) That's $100 less tax for 2 years... worth a few minutes to write a letter asking or prepare a T1ADJ which you'll find on the CRA website or ...request an adjustment using My Account.
Eileen Reppenhagen CGA does not research or endorse any product or service appearing in ads on this site. Before making any major financial decision(s) you should consult a qualified professional.
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