BUDGET 2012 - TAX SAVINGS FOR B.C. FAMILIES

Children’s Fitness Credit and Children’s Arts Credit

The Children’s Fitness Credit is a non-refundable tax credit of 5.06 per cent of eligible expenditures up to $500 for each child, providing a benefit of up to $25 per child.

The Children’s Arts Credit is a non-refundable tax credit of 5.06 per cent of eligible expenditures up to $500 for each child, providing a benefit of up to $25 per child.

For both the Children’s Fitness Credit and the Children’s Arts Credit, eligible expenditures are those that qualify for the federal children’s fitness and arts credits.

For the Finance Minister’s speech and more details on Budget 2012, visit www.bcbudget.ca.

Visit the Province’s website at www.gov.bc.ca for online information and services.