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Summer's ending...looking for a Children's Arts Tax Credit (CATC)?

September 25, 2012 at 11:31 AM

In a May 24, 2012 Technical Interpretation, CRA notes that an optional annual fee paid to a fund organized by the Music Parents Society as an optional school trip, would be an eligible CATC if the membership in the Organization is not part of a school’s curriculum, the membership lasts eight or more consecutive weeks, and more than 50% of the activities that the Organization offers to children include a significant amount of artistic, cultural, recreational or developmental activities.  Tax Tips & Traps 2012