To Your Health and Taxes

Speaking of health, this was announced over the holidays, but I haven’t read much about it locally: Fitness tax breaks encourage activity: Experts | Ottawa Citizen

OTTAWA – Just in time for New Year’s resolutions vowing to shed those extra pounds, Nova Scotia this week became the first province in the country to offer a tax credit for the cost of gym memberships and other physical activities.

The Healthy Living Tax Credit was first introduced in 2005 for children’s activities and has now been extended to all Nova Scotians, who can claim up to $500 worth of registration fees for any organized sport or activity including ski passes, dance classes, swimming lessons and gym memberships.

Those who support the idea say the tax credit will encourage more people to be active, which will in turn mean a healthier population, and will save the government millions of dollars in health-care spending.

While Nova Scotia is the first to implement the tax credit for active adults, Alberta is not far behind.

Might as well try and claim my Wii Fit for a tax break. Or would I have to say I was agoraphobic?

Maybe the best part about it is its group potential, for families or friends. Web designer and former Coast contributor Iain MacLeod is a Wii Fit fan, in that it allows him and his partner more flexibility to exercise and have fun together, especially with their two-year-old daughter. “We’re former gym-goers, and we thought this was perfect, a step in the right direction. We like that it gives you a certain amount of activities to do and as you get more involved it ‘unlocks’ more things to do.” MacLeod also likes that it’s less intimidating than a health club, which really isn’t his scene. “It’s a bit more interactive than the gym experience. It’s social in a different way.”

From Halifax indoors: 14 tips to well being | The Coast.

Update: I guess you have to know what you are searching for, when it comes to the government… “fitness” and “tax” isn’t enough. The program is called the Healthly Living Tax Incentive.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s