FIND SCHOOLS NOW: Boarding Schools | Montessori Schools | Private Preschools | Special Needs Schools | Christian Schools | Military Schools | Ontario Private Schools | BC Private Schools
Our Kids - The Trusted Source
 
PRIVATE SCHOOLS CAMPS PROGRAMS EVENTS VIDEOS BLOG COMMUNITY EXPOS E-BOOKS
ADVICE GUIDE SCHOOL LOCATOR TYPES OF SCHOOLS APPLYING TO SCHOOL PAYING FOR SCHOOL
Paying for School
SHARE WITH FRIENDS
Join us in Pinterest
FREE MONTHLY UPDATES
Like our articles and advice? Get insider tips about private schools and summer camps, for free.

Get Your Info
Questions from parents
  • My daughter is two years old, and I would like to enroll her in a preschool to enrich her education or camp. I would like some information. Maybe a private school that teaches three languages. We already speak four at home. Much appreciated.
  • I would like information about any school which offers a Baseball Team or baseball instruction at school
Join the community
Sign Up to join the Our Kids Community
Sign up to connect with other parents, ask questions and post comments.

Family tax benefits

By Michael Keerma

Parents making the investment in private school for their children should be sure to take advantage, wherever possible, of various broad family tax benefits that may be available through the federal and provincial governments.

Federal tax benefits

  • Canada child tax benefit: These tax-free monthly payments may be supplemented by provincial or territorial child benefit payments and may be enhanced by the National Child Benefit Supplement. The benefit is not automatic and must be applied for.
  • Universal child care benefit: A $100 monthly payment for each child under the age of six is made to the lower income spouse. The benefit is made available through application only.
  • Child disability benefit: The amount of dependent on family income.
  • Children’s fitness tax credit: A maximum $500 tax credit for each child under 16 enrolled in an eligible fitness program.
  • Transit pass tax credit: You may claim the cost of monthly transit passes for dependent children commuting to and from school.
  • GST/HST credit. Applied automatically to dependent children who have been registered for the Canada Child Tax Benefit. This may be supplemented by provincial sales tax credits.

Provincial/territorial family tax benefits

  • Northwest Territories Child Benefit
  • Yukon Child Benefit
  • Nunavut Child Benefit
  • British Columbia Family Bonus
  • Alberta Family Employment Tax Credit
  • Ontario Child Benefit
  • Quebec Child Assistance Payment
  • Nova Scotia Child Benefit
  • New Brunswick Child Tax Benefit
  • Newfoundland and Labrador Child Benefit

*With the exception of Quebec, all benefits programs are administered by the federal government and you do not need to apply for them separately from the Canada Child Tax Benefit. For details, see the Canada Revenue Agency publication T4114 – Canada Child Benefits.

About Us School Expos

Advertise Camp Expo

Contact Link to us

How Do You
Like Our Website?

survey
newsletter
Our Kids - The Trusted Source
Our Kids ™ © 2012 All right reserved.
Disclaimer: Information presented on this page may be paid advertising provided by the [advertisers/schools] and is not warranted or guaranteed by OurKids.net or its associated websites. See Terms and Conditions.