Family life

Sponsored: New 2013 tax credits for families

With tax season upon us, learn about two credits for families: The Children’s Fitness Tax Credit and the First-time Donor’s Super Credit.

By Today's Parent

As a parent, there are lots of savings come tax time that you may not know about. Discover these and many more at

This content is brought to you by the Canada Revenue Agency

Children's Fitness Tax Credit

This credit allows parents to deduct 15 percent of the cost of fitness programs (to a maximum of $500 per child) from their taxes— a potential savings of $75 per child. The fitness credit may be split between the parents of children under 16 years of age.  Families with children under 18 who have disabilities can claim an additional $500 if a minimum of $100 in eligible expenses has been paid.

Permitted programs must include a significant amount of physical activity contributing to cardio-respiratory endurance, and must also focus on one or more of muscular strength, muscular endurance, balance or flexibility. Obtain a receipt for your file.


First-time Donor’s Super Credit

The first-time donor’s super credit (FDSC) is a new credit which supplements the value of the charitable donations tax credit (CDTC) on donations made after March 20, 2013 by first-time donors by 25 percent. First-time donors means neither you, nor your partner have claimed or been allowed a charitable donations tax credit for any year after 2007.

According to the CRA: “The FDSC applies to a gift of money made after March 20, 2013, up to a maximum of $1,000, in respect of only one taxation year from 2013 to 2017. If you have a spouse or common-law partner, you can share the claim for the FDSC, but the total combined donations claimed cannot be more than $1,000.”

This article was originally published on Mar 03, 2014

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