FBC


UPFRONT The government’s implementation cost of


the Adult Fitness Tax Credit is stated to be much lower than the original estimated cost re- searched by Fitness Industry Council of Canada. On September 25, a report from the feder-


al budget office was released. The report stated that the implementation of an Adult Fitness Tax Credit could cost the government upwards of $268 million over five years. If the credit were implemented, it would allow


timated cost researched by Fitness Industry Council of Canada. On September 25, a report from the federal


T


Canadians to claim a non-refundable tax credit of up to $500 for eligible physical activity pro- gram costs against their taxable income at a rate of 15 per cent or a maximum of $75 deducted from tax payable. In 2007, Fitness Industry Council of Canada


(FIC) commissioned an economic report from the Centre for Spatial Economics (CSE) which


EVENTS EVENTS


canfitpro Personal Training and Group Fitness Conference Vancouver, BC November 28 - December 1, 2013


NEW THIS YEAR: the canfitpro consum- er fitness + wellness show. Invite family, friends, and clients to visit the trade show for free. Donations to the Vancouver Food Bank will be accepted in lieu of admission fees.


Featured presenters include: • Jet Black, as seen on The Amazing Race Canada • Trainer to the stars, Ramona Braganza • Tommy Europe, former NFL and CFL play- er and host of the Last Ten Pounds Boot Camp and Bulging Brides • Dai Manuel, motivational speaker, Fitness Town COO, and blogger • Dr. Natasha Turner, Canada’s lead- ing Naturopathic Doctor and best-selling author


Featured presenters include: • Jet Black, as seen on The Amazing Race Canada


• Trainer to the stars, Ramona Braganza • Tommy Europe, former NFL and CFL play- er and host of the Last Ten Pounds Boot Camp and Bulging Brides


• Dai Manuel, motivational speaker, Fitness Town COO, and blogger


• Dr. Natasha Turner, naturopathic doctor and best-selling author


NEW THIS YEAR: the canfi tpro consumer fi tness + wellness show. Invite family, friends, and clients to visit the trade show for free. Donations to the Vancouver Food Bank will be accepted in lieu of admission fees.


canfitpro Personal Training and Group Fitness Conference Vancouver, November 28 - December 1, 2013


• Undefeated lightweight UFC fighter, Myles "Fury" Jury • Host of go! Vancouver, Johanna Ward • And by popular demand: Geoff Bagshaw, Hannah Fletcher, Christa Norgren, Krista Popowych, Nile and Tamara Saïd


• Undefeated lightweight UFC fi ghter, Myles "Fury" Jury


• Host of go! Vancouver, Johanna Ward • And by popular demand: Geoff Bagshaw, Hannah Fletcher, Christa Norgren, Krista Popowych, and Nile and Tamara Saïd


For more details, a schedule of featured speakers, vendors, prizes and givea- ways please visit www.canfitpro.com/ consumervan


For more details, a schedule of featured speakers, vendors, prizes and giveaways, visit www.canfi tpro.com/consumervan.


budget offi ce was released. The report stated that the implementation of an Adult Fitness Tax Credit could cost the government upwards of $268 million over fi ve years. If the credit were implemented, it would allow


(FIC) commissioned an economic report from the Centre for Spatial Economics (CSE) which out- lined the potential costs of implementing the tax credit as well as potential economic benefits that


Canadians to claim a non-refundable tax credit of up to $500 for eligible physical activity pro- gram costs against their taxable income at a rate of 15 per cent or a maximum of $75 deducted from tax payable. In 2007, Fitness Industry Council of Canada


8 Happenings | 12 Supplier News 14 Q & A | 16 Staffing | 18 What's New


Happenings


Implementation costs of Adult Fitness Tax Credit less than expected


he government’s implementation cost of the Adult Fitness Tax Credit is stated to be much lower than the original es-


Implementation Costs of Adult Fitness Tax Credit Less Than Expected


8 Happenings | 12 Q & A 15 Supplier News | 16 Staffi ng | 18 What's New


would result from its implementation. The federal budget office current-


ly estimates that the implementation could cost $268 million over five years.


outlined the potential costs of imple- menting the tax credit as well as po- tential economic benefi ts that would


he 2007 CSE report estim ed that it wo The federal budget offi ce current- hich m kes the governm nt’s predic- ion $121.5 million less than exp cted. Ba ed on the CSE report, the impl mentation of the tax credit would also reate an economic benefit of $625 million ov r five years in net health- re savings versus the tax loss. If both Based on the CSE report, the im-


T result from its implementation.


uld cost government $389.5 million, wly estimates that the implementa- ttion could cost $268 million over fi ve years. The 2007 CSE report estimate-d that it would cost government $389.5 c million, which makes the govern- ment’s prediction $121.5 million less c tahan expected.


the fed ral and provincial govern- ments participate, the health care sav- ings would reach $1.1 billion by 2029. With an implemented Adult Fitness Tax Credit, the CSE report estimates the number of physically active adult Canadians would increase by almost one million people. Research consis- tently shows that a physically active person is more likely to have better h Feitness Tax Credit, the CSE report on. Regular physical activity is fective in the prevention of sever- l chronic diseases and saves health are costs. Additionally, the likelihood hat workers would miss work due to nesses related to physical unfitness would decrease.


Prime Minister Harper pledged to im- plement an Adult Fitness Tax Credit


8 Fitness Business Canada November/December 2013 8 Fitness Business Canada November/December 2013


During the 2011 election campaign, prevention of several chronic dis- eases and saves health care costs.


plementation of the tax credit would also create an economic benefi t of $625 million over fi ve years in net healthcare savings versus the tax loss. If both the federal and provin- cial governments participate, the health care savings would reach $1.1 billion by 2029. With an implemented Adult alth outcomes than a non-active p eesrtsimates the number of physical- elfy active adult Canad ans would in- acrease by almost one million people. c Research consistent y s ows that t a physically active person is more illikely to h ve better health outcomes than a non-active person. Regular physical activity is effective in the


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