Two tax credits for kids’ activities mean more money in your pockets
Today,
Andrew Scheer, Leader of Canada’s Conservatives, announced two tangible measures
so Canadians can worry less about their bottom line.
“This
election will come down to one question: Who do you trust to put more money in
your pocket for you, for your family?” said Scheer. “I have a plan for all
Canadians to get ahead, starting with families who work so hard while raising
their kids.”
With
the Children’s Fitness Tax Credit, a new Conservative government will:
- Allow parents to claim
up to $1,000 per child for expenses related to fitness or sports-related
activities;
- Make the credit refundable so
low-income Canadians benefit most; and,
- Allow parents of children with
disabilities to claim an additional $500 per child, per year.
With
the Children’s Arts and Learning
Tax Credit, a new Conservative government
will:
- Allow parents to claim
up to $500 per child for expenses related to arts and educational activities;
- Make the credit refundable so
low-income Canadians benefit most;
- Make it flexible, so children can get
extra help studying a language or learning science, math or coding; and,
- Allow parents of children with
disabilities to claim double the amount, up to $1,000 per child, per year.
Under
Justin Trudeau, Canadian families are under pressure and worried about their
future. Half of families are just $200 away from insolvency at the end of each
month. Canadian families’ net worth declined for the first time in a decade.
And because of Justin Trudeau’s carbon tax, every day essentials cost more and
more.
“Young,
middle-class families are the future of this country. Instead of helping the
middle class like he promised, Justin Trudeau has made life more expensive,”
said Scheer. “I have a plan that will put more money in your pockets – for you,
for your kids. It’s time for you to get ahead.”
As
Prime Minister, Andrew Scheer will:
- Cut taxes for every working Canadian by implementing the Universal Tax Cut;
- Support commuters with the Green Public Transit Tax Credit; and,
- Support young families by making EI maternity and parental benefits tax-free.
FACTS:
- The
Trudeau Liberals cancelled two previously available tax credits (arts and
fitness).
- In
2017, Trudeau falsely claimed “low-income families don’t
benefit from tax breaks.” In fact, claimants of the two cancelled tax
cuts came from all income tax brackets, and from every region of the country.
- Nearly
1.78 million Canadian families claimed at least one of two previously available
tax credits (arts or fitness) in 2014 alone.
- That
year, more than 698,000 Ontario families, more than 411,000 Quebec families,
more than 223,000 B.C. families and more than 217,000 families in Alberta
families benefitted from these credits.
- Some
210,000 families making $40,000 or less (i.e., households in the lowest income
tax bracket) applied for and received these tax credits.
Additional
info:
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Andrew Scheer pledges more tax relief for families