Heart and Stroke Foundation Supports the Implementation of Adult Fitness Tax Credit
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The Heart and Stroke Foundation of Canada recently submitted its pre-budget consultation to the House of Commons and included its support for an Adult Fitness Tax Credit in its Health-Promoting Tax Policies recommendations.
“The Heart and Stroke Foundation’s support of an Adult Fitness Tax (AFTC) is a great development,” says Dave Hardy, president of Fitness Industry Canada (FIC). “By receiving the support of a leading Canadian institution we are now better positioned than ever to showcase the societal benefits of implementing an AFTC to the Government of Canada.”
In its pre-budget submission, the Heart and Stroke Foundation also encourages the government to improve the existing Children’s Fitness Tax Credit (CFTC) for children and youth by increasing it from $500 to $1,000.
FIC launched the AFTC campaign to encourage Canadians and the Canadian government to support active, healthy lifestyles. With an AFTC, Canadians will receive a $500 non-refundable tax credit to put towards fitness programs and sports of their choice. In return, government will acquire both a healthier population and reduced health-care costs.
“The financial incentive offered by a federal adult fitness tax credit will encourage nearly one million more Canadians to get active and healthier,” and as a result, “these healthier Canadians will need less health care and miss less work due to illness,” says Tom McCormack in his report Economic Benefits of an Adult Fitness Tax Credit.
The Heart and Stroke Foundation has always been a frontrunner in supporting and advocating healthy, active lifestyles for Canadians, to increase quality of life and prevent some of the most deadly and prevalent lifestyle-related diseases.
To view the Heart and Stroke Foundation pre-budget submission, visit www.adultfitnesstaxcredit.ca and click on the link “Supporting Evidence from the Heart and Stroke Foundation.” For more information, visit www.ficdn.ca and www.adultfitnesstaxcredit.ca
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