Health And Fitness

Fitness tax credit proposal lauded locally - Orangeville Citizen

A proposal from the Fitness Industry Council of Canada (FIC) is being lauded by local fitness facility operators in the county. Our health care is becoming so costly and if they put up whatever dollars they’re putting up per year the amount - if we can keep people fit then health care dollars will go down. According to the release, the economic report conducted by the Centre for Spatial Economics on behalf of the FIC concluded that it would take three years for the health care cost savings resulting from a more active and healthier population to outweigh the net personal income tax losses incurred by the government. Kerry Braniff, health and wellness director for ACTS Fitness Centre in Mono said anything that supports health and wellness and is supported by the government can only be good, and hinted that there was a petition as recently as last year circulating for this kind of government action. The report’s author, Tom McCormack, said the tax credit would make sense from a marketing point of view because consumers typically respond to a price decline for a given product or service by purchasing more of that product or service, and the economic benefits can be expected to grow each year throughout the projection period because of the cumulative benefits of increased physical activity on the well-being of Canadians. read more

[Tags]health, fic, fitness, government, active, care, fitness[/Tags]

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