REBATES AND TAX CREDITS

Rebates

• A 5% rebate is granted on session fees for other children of the same family (rebates applied on the least expensive stay) OR a 5% rebate on session fees for all children registering for 4 weeks or more;
• Exemption of registration fees for a stay at Val Morin for campers registered as well in one of our day camps during the same summer if reserved before May 1st ,2012 (not applicable for the Mini Camp and Mini Camp Plus programs)

Tax credits

• Issuing of a « Relevé 24 » for tax credit for childcare
• Tax credit for children's physical condition :
  • It applies to an annual maximum of $500 per child to which is applied the basic minimum rate of 12.525% for Quebec residents (15% for residents of other provinces). The credit can achieve a net amount of $62.63 in the year of payment of the eligible activities for Quebec's residents and $75 for residents of other provinces ($500 X 15%)
  • The amount requested may be shared between parents
  • Fees must be paid for a child under 16 years old at the beginning of the calendar year
  • If the fees are also eligible for the deduction of childcare expenses, they must first be deducted as child care expenses. Any unused portion will however be eligible for tax credit for children's physical condition up to a maximum of $500, subject to the above conditions. You can consult the federal income tax return guide on line 365 to learn more about tax credits.
  
  
• Tax credit for artistic activities for children
  • It applies to an annual maximum of $500 per child to which is applied the basic minimum rate of 12.525% for Quebec residents (15% for residents of other provinces). The credit can achieve a net amount of $62.63 in the year of payment of the eligible activities for Quebec's residents and $75 for residents of other provinces ($500 X 15%)
  • The amount requested may be shared between parents
  • Fees must be paid for a child under 16 years old at the beginning of the calendar year
  • If the fees are also eligible for the deduction of childcare expenses, they must first be deducted as child care expenses. Any unused portion will however be eligible for tax credit for the children's artistic activities up to a maximum of $500, subject to the above conditions. You can consult the federal income tax return guide on line 370 to learn more about tax credits.

 

Note :
We suggest you consult your accountant for the application of the various tax credits. In addition, we recommend that you validate the eligibility of the tax credit for children's physical condition at the same time as the tax credit for children's artistic activities. Edphy International declaims any liabilities with regards to the inconveniences that may occur to its clients misinterpreting and/or misusing the tax credits and tax deductions.