Line 370 Federal Children's Arts Amount Tax Credit (CATC)
Reduced for 2016, eliminated for 2017 taxation year
Income Tax Act s. 118.031, Regulations s. 9401
The 2011 Federal Budget introduced this non-refundable tax credit starting in 2011. The legislation is included in Bill C-13, which received Royal Assent (became law) on December 15, 2011. The 2016 Federal Budget proposes to reduce the 2016 Children's Arts Amount Tax Credit to $250 from $500, and eliminate this credit for 2017 and later years. The additional tax credit for a child with a disability will remain at $500 for the 2016 taxation year.
Reduced for 2016, eliminated for 2017 taxation year
Income Tax Act s. 118.031, Regulations s. 9401
The 2011 Federal Budget introduced this non-refundable tax credit starting in 2011. The legislation is included in Bill C-13, which received Royal Assent (became law) on December 15, 2011. The 2016 Federal Budget proposes to reduce the 2016 Children's Arts Amount Tax Credit to $250 from $500, and eliminate this credit for 2017 and later years. The additional tax credit for a child with a disability will remain at $500 for the 2016 taxation year.