In an attempt to improve Canadians’ health, Nova Scotia has become the first province in the country to offer tax credits for the cost of gym memberships and other physical activities such as skiing, dancing, swimming and more.

The Healthy Living Tax Credit was initially introduced to Nova Scotian’s in 2005 but was limited to children’s activities only. Now, all Nova Scotian’s are eligible to claim up to $500 of registration fees for organized sports/activities, and the policy is expected to pay huge dividends.

Supporters insist the tax credit will encourage more people to be active, resulting in a healthier population. Nova Scotia also estimates the tax credits will save $8 million a year in health care costs. Even more compelling is the result of a study conducted by the Fitness Industry Council of Canada. They found that introducing a federal adult fitness tax credit would encourage one million more Canadians to become active and over the next 21 years, would amount to $2.5 billion in health care savings.
(more…)