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Ottawa, October 26, 2006 Canada’s New Government Receives Report on Children’s Fitness Tax CreditRelated document: The Honourable Jim Flaherty, Minister of Finance, today received a report from a panel of health and physical fitness experts recommending which programs of physical activity should qualify for the Children’s Fitness Tax Credit proposed in Budget 2006. "Canada’s New Government appreciates the panel’s selfless efforts," said Minister Flaherty. "For a salary of $1 each, the three panel members spent much of their summer and early fall meeting with interested Canadians and organizations to help define eligibility for this credit. I look forward to reviewing their recommendations and I thank them for their dedicated work on behalf of all Canadians." The members of the panel were:
Canada’s New Government’s Children’s Fitness Tax Credit is a means to promote regular exercise, balanced growth and healthy lifestyles among children. This tax credit should come into force on January 1, 2007, and will apply to fees paid for an eligible program of physical activity for children under 16 years of age. "The Children’s Fitness Tax Credit will encourage more children to be physically active and help parents with the costs of organized sports and fitness activities," said the Honourable Michael Chong, Minister for Sport. A copy of the panel’s report can be accessed at www.fin.gc.ca/activty/pubs/ctc_e.html. ___________________________________
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