p44 s1 bill 20 b020 e.pdf

Ontario — Bills

1ST SESSION, 44TH LEGISLATURE, ONTARIO CHARLES III, 2025 Bill

An Act to amend the Taxation Act, 2007 to provide for a non-refundable tax credit to encourage children’s extra-curricular activities Mr. S. Blais Private Member’s Bill 1st Reading May 13, 2025 2nd Reading 3rd Reading Royal Assent Bill

An Act to amend the Taxation Act, 2007 to provide for a non-refundable tax credit to encourage children’s extra-curricular activities His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows: 1 The Taxation Act, 2007 is amended by adding the following section: Children’s activity tax credit, post 2024 103.1.3

(1) An individual who is resident in Ontario on the last day of a taxation year ending after December 31, 2024 may deduct from the amount of tax otherwise payable for the year under Division B of

Part II a children’s activity tax credit not exceeding $1,000. Regulations

(2) The Lieutenant Governor in Council may make regulations prescribing any rules the Lieutenant Governor in Council considers necessary or advisable for the purposes of the proper administration of the credit under this section, including rules respecting the receipts and other information a person may be required to provide in connection with this section. Commencement This Act comes into force on the day it receives Royal Assent.

Short title The

short title of this Act is the Taxation Amendment Act (Promoting Leisure Activities for Youth), 2025 . ______________ EXPLANATORY NOTE The Bill amends the Taxation Act, 2007 to provide for a non- refundable tax credit of up to $1,000 for residents of Ontario for children’s activities.

Document details

Collection	Ontario — Bills
Citation	p44 s1 bill 20 b020 e.pdf
Type	bill
Volume / chapter	p44 s1 bill 20 b020 e.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	8e20b3ca32213a8faac0d18f27a3326bb3553db3

Source file is stored in the law ingest library (json).