Did you know parents can now claim up to $500 for each child per year for arts programs? It’s true! Thanks to the Child Art Tax Credit, or CATC tax credit.
What is the Children's Art Tax Credit (CATC)?
For 2011 and subsequent years, the budget proposes a new non-refundable tax credit based on eligible expenses paid for the cost of registration or membership of your or your spouse's or common-law partner's child in a prescribed program of artistic, cultural, recreational or developmental activity (eligible program).
How is momstown Eligible?
To be eligible, a program must be supervised and suitable for children. There are many ways a program can be eligible but specifically regarding momstown: we are "a membership of a minimum eight consecutive weeks duration in an organization if more than 50% of all the activities offered to children by the organization are eligible activities" – this is consistent with our annual program pass.
What are eligible activities?
Eligible activities will include an activity that:
contributes to the development of creative skills or expertise in artistic or cultural activities;
provides a substantial focus on wilderness and the natural environment;
helps children develop and use particular intellectual skills;
includes structured interaction among children where supervisors teach or help children develop interpersonal skills; or provides enrichment or tutoring in academic subjects.
As described on our Program Pass page the momstown pillars and focus on child development and literacy align very well with these activity requirments.
How do I know if another program is eligible for the CATC?
Although the CRA will administer the CATC, organizations are in the best position to determine if the programs they offer are eligible. For more information you can visit the CRA website.
How do I get a reciept?
You will be emailed a reciept when you purchase your membership. Please keep this in a safe place for tax filing time in 2014, you will need to reference it when you submit your claim.
Thanks to this CATC tax credit purchasing the $85 momstown Program Pass is an easy choice. Buy yours now and start enjoying the benefits of momstown with your family!
