BC Children's Arts Credit

Introduced in the BC 2012 Budget, these credits will be applicable to the 2012 and later taxation years. Each credit will be a non-refundable tax credit of 5.06% (lowest tax rate) of eligible expenditures up to $500 for each child. The tax credit may be claimed by either spouse, or apportioned between them Eligible programs include the following, which are not part of a school's curriculum:

• a weekly program of 8 or more consecutive weeks in which all or substantially all of the activities include a significant amount of artistic, cultural, recreational or developmental activity;

• a program of 5 or more consecutive days, if more than 50% of the daily activities include a significant amount of artistic, cultural, recreational or developmental activity;

• a program of 8 or more consecutive weeks, offered to children by an organization where participants in the program may select from a variety of activities if:

o more than 50% of the activities include a significant amount of artistic, cultural, recreational or developmental activity, or

o more than 50% of the time scheduled in the program is scheduled for activities that include a significant amount of artistic, cultural, recreational or developmental activity

o Artistic, cultural, recreational or developmental activity means a supervised activity suitable for children (other than a physical activity) that is intended to contribute to a child's ability to develop creative skills or expertise, acquire and apply knowledge, or improve dexterity or coordination, in an artistic or cultural discipline including:

 

  MUSIC

 literary arts

 visual arts

 performing arts