Ads
keep this website free for you. TaxTips.ca does
not research or endorse any product or service appearing in
ads on this site.
Before making a major financial decision you
should consult a qualified professional.
Manitoba Fitness Tax Credit for Children and
Young Adults
Manitoba Income Tax Act s. 4.6(10.2)
Form MB428 Line 58325 (line 5839 prior to 2019)
Manitoba child fitness tax credit is a non-refundable tax
credit, and is calculated using the
Manitoba lowest tax rate of 10.8%. Each individual who is resident in Manitoba
at the end of the taxation year and is less than
25 years of age can claim up to $500 for fees paid in the year for registration
or membership for a prescribed program of physical activity.
An additional
tax credit is available to an individual for each child under 18
who is eligible for the disability
tax credit. The additional
credit will be $500 x the lowest tax rate, if the total of eligible fitness costs
for that child in the year is $100 or more.
The annual cost of eligible activities up to $500 per individual can be claimed by the young
adult, or by a spouse or parent. The additional tax credit is available
for a young adult with a disability.
The tax credit may be claimed by either spouse, or
apportioned between them.
Any costs which qualify as child
care costs must first be claimed as child care costs, with the remainder of
eligible costs then claimed through the fitness credit.
Facebook
| Twitter
| See What’s New, stay
connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a
substitute for professional advice. Each person's situation differs, and
a professional advisor can assist you in using the information on this web
site to your best advantage.
Please see our legal
disclaimer regarding the use of information on our site, and our Privacy
Policy regarding information that may be collected from visitors to our
site.