WHITEHORSE–Premier Darrell Pasloski announced today that the Yukon government is increasing the maximum amount that may be claimed under the Yukon Child Fitness Tax Credit to $1,000 from $500, effective for the 2014 income tax year.
"The popularity of the Yukon Child Fitness Tax Credit confirms that Yukon is an active and healthy community, and we are proud to bring forward this increase," Pasloski said. "With no tax increases in the last 12 years, your government continues to make Yukon the best place in Canada to live, work, play and raise a family."
The Yukon Child Fitness Tax Credit supports children’s participation in sports and other recreational programs, and can be combined with matching federal tax credits. This translates to even more annual tax savings per child for Yukon parents.
Parents of children under 18 years of age with disabilities may continue to claim an additional $500 under the Yukon Child Fitness Tax Credit in recognition of the extra costs encountered to engage their children in sport and recreation programs.
Each year credits are claimed for approximately 2,800 children from 1,600 families enrolled in organized health activities.