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The following is now available on the CRA Web site:

Did you know…

Starting in 2007, you may be able to claim the fees paid for physical fitness programs for your children under the age of 16? The newly proposed children’s fitness tax credit provides parents with an annual credit of up to $500 per child to help cover the cost of their child’s physical fitness programs or sporting activities fees.

For more information on this tax credit for 2007, visit www.cra-arc.gc.ca/whatsnew/fitness-e.html.

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The following is now available on the CRA Web site..

Did you know…
That you can claim, as a non-refundable tax credit, medical expenses for yourself, your spouse or common-law partner, and your children born in 1989 or later? For 2006, the total expenses have to be more than 3% of your net income, or $1,884, whichever is less. You may also be able to claim medical expenses for the following persons if they depend on you for support:

you or your spouse or common-law partner’s child or grandchild who was born in 1988 or earlier; and
you or your spouse or common-law partner’s parent or certain close relatives who lived in Canada at any time in the year.

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