Nova Scotia - Leading the Way : Continued

The Nova Scotia credit for children's sport and recreational activities was first introduced in 2005, providing a credit on up to $150 in registration fees for eligible children's fitness activities. And the maximum expense was recently increased to $500 in 2006. During the past two years, FIC has made multiple submissions to the Ministry of Finance in Nova Scotia, detailing the benefits of expanding their current credit to include adults. Therefore at FIC we are thrilled to announce the new Adult Fitness Tax Credit in Nova Scotia.

In order to receive the benefits of the new credit, fitness clubs in Nova Scotia, must register with the department of Health Promotion and Protection. This will allow their members to claim the cost of their gym memberships. This can be completed online by visiting: www.gov.ns.ca or by calling the Ministry at: (902) 424. 4807.

In addition, FIC has been very encouraged by the recent correspondence received from the province of Québec and British Columbia, who have both stated to FIC, that they support the implementation of a fitness tax credit for all ages, and are considering implementation.

According to Dave Hardy, President of Fitness Industry Council of Canada: These encouraging steps will pave the way for the implementation of a federal Adult Fitness Tax Credit and will set the stage for other provinces to implement similar tax measures - which will give Canadians the ability to claim their fitness related expenses both federally and provincially in Canada.

Once again, Fitness Industry Council of Canada is leading the trend by supporting incentives to keep Canadians exercising and helping to encourage more citizens to get active.

Support an Adult Fitness Tax Credit today by visiting www.adultfitnesstaxcredit.ca

To learn more about the Nova Scotia Healthy Living Tax Credit please open Read More