The Tax Man Giveth
Good news from the tax man this year.
A new deduction for the Children’s Art Tax Credit (CATC), for the 2011 personal income taxed benefit return is available.
Similar to the Children’s Fitness Tax Credit that we all know and love, we will now be able to claim up to $500 for a wide range of activities such as arts and crafts, music lessons, Scouts and Girl Guides, drama, languages, and more. For a program to be eligible, it must run for a period of eight consecutive weeks, or five consecutive days, and have a minimum content requirement.
If you wish to take advantage of this new bonus, it’s not too late. Here are a few of our faves that meet the requirements:
Gymboree Play and Music is a popular place for tiny tikes up to five years old, with three locations offering both art and music classes. The classes will bring out your child’s creativity by exposing them to various mediums, including clay, collage, painting and sculpture, while the music classes introduce different rhythms and melodies using their best singing voices and musical instruments. Classes are available based on age, and start from $69 per month. We like the free class pass, so that you can try out a lesson before you buy, to ensure that this is the right program for your emerging Mozart or Monet.
