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The following is now available on the CRA Web site:

Ottawa, Ontario, January 5, 2007…
The Canada Revenue Agency (CRA) wishes to inform parents and organizations providing eligible physical activity programs that additional information about the proposed Children’s Fitness Tax Credit is now available online at www.cra.gc.ca/fitness.

“I am pleased to be working in partnership with my Cabinet colleague, the Honourable Jim Flaherty, to make this tax credit available to parents across the country, said National Revenue Minister Carol Skelton. The CRA is working to make sure parents and organizations providing eligible programs of physical activity have the information they need to ensure this tax credit supports as many children as possible in their fitness activities.”

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The following News Release or Speech has just been posted on the Finance Canada Site.

Ottawa, December 19, 2006
2006-084

The Honourable Jim Flaherty, Minister of Finance, today released guidelines on the Children’s Fitness Tax Credit, which is scheduled to become effective on January 1, 2007.

The Minister confirmed that as recommended by the Expert Panel for the Children’s Fitness Tax Credit, the definition of eligible programs will support children’s participation in all programs that significantly contribute to their fitness. In addition, the Minister indicated that substantial additional support would be provided to children eligible for the disability tax credit to recognize the unique barriers they face in becoming more active.

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