The government has given us a wonderful break. There is a new tax credit called the Arts Tax credit and tutoring falls under their criteria. See the criteria below:
Line 370 – Children Arts Amount
To qualify for this amount, a program must:
- be ongoing (either a minimum of eight consecutive weeks long or, in the case of children’s camps, five consecutive days long);
- be supervised; and
- be suitable for children.
The program also has to meet one of the following criteria:
- it contributes to the development of creative skills or expertise in an artistic or cultural activity;
- it provides a substantial focus on wilderness and the natural environment;
- it helps children develop and use particular intellectual skills;
- it includes structured interaction among children where supervisors teach or help children develop interpersonal skills; or
- it provides enrichment or tutoring in academic subjects.
An activity that develops creative skills or expertise is only eligible if it is intended to improve a child’s dexterity or co-ordination, or helps in acquiring and applying knowledge through artistic or cultural activities such as literary arts, visual arts, performing arts, music, media, languages, customs, and heritage.