Tax
Break On Your Gym Membership
Fees
Here's an idea that's been
mentioned for a few months in Canada. To encourage fitness and
exercise,
fitness gyms and a few politicians are trying to get the Government of
Canada to give tax breaks called a tax credit for people's gym
membership
fees. I do not know how many countries, if any, are currently offering
a tax credit or tax deduction for gym memberships but it makes perfect
and logical sense to do so. It will encourage a lot more people to
hopefully
exercise and stay in shape. Secondly, why should you be taxed on your
income
that is used by you to stay healthy, anyway?
Will this be extended to
personal trainers or online
fitness programs too? We'll have to wait and see. I try to
stay on
top of worldwide news to see if any other countries are currently doing
this or proposing this sort of idea. Maybe other countries are offering
other creative alternatives?
Posted on: Saturday September
23, 2006