If this topic has already been covered I apologize....
I ran across this article on a soccer website this morning
Anyone have more info on this?
2006 Budget - Promoting Physical Fitness Among Children
Tuesday, 02 May 2006
The federal government announced a $500 tax credit for children's sports fees for 2007.
Information is limited as yet; the Budget document reads: "Studies show that regular physical activity has many positive effects on children, including healthier growth and development and improved physical fitness. At the same time, the escalating costs of organized sports makes it difficult for many parents to afford these activities. To promote physical fitness among children, Budget 2006 proposes to introduce a children's fitness tax credit, effective January 1, 2007. The credit will be provided on up to $500 of eligible fees for programs of physical activity for each child under age 16. In the coming months, the Government will establish a small group of experts in health and physical fitness to provide advice on the programs of physical activity that should be eligible for the credit. It is estimated that this measure will reduce federal revenues by $40 million in 2006–07 and $160 million in 2007–08".
