The Honourable Andrew Furey, Premier of Newfoundland and Labrador, joined by the Honorable Siobhan Coady, Deputy Premier, Minister of Finance and President of Treasury Board and the Honourable Steve Crocker, Minister of Tourism, Culture, Arts and Recreation, today provided details on the Physical Activity Tax Credit which was announced in Budget 2021. The credit will provide a helpful incentive for individuals and families as they access sport and recreational activities throughout Newfoundland and Labrador.
Households will be able to receive a tax credit of up to $2,000 of physical activity expenses, including sport and recreation registration and membership fees (online and in person). Households can claim the Physical Activity Tax Credit on their personal income tax return beginning with the 2021 taxation year and must keep receipts to support their claim.
More information on the physical activity tax credit is available online here. Questions on how the credit will be applied can be directed to taxpolicy@gov.nl.ca or 709-729-3166.
The Provincial Government recognizes the vital role physical activity plays in helping lead healthy, active and balanced lives, and remains committed to supporting initiatives that promote healthy active living.
Quotes
“Staying active is vital to both our physical and mental health. Soccer fields, gyms, pools, dance studios, martial arts dojos, and so many other places where we have fun and stay active are vital in helping us manage the everyday stresses of life. Our investments in sport and recreation provide opportunities for people of all ages to be active and supports individuals to live productive and rewarding lives.”
Honourable Andrew Furey
Premier of Newfoundland and Labrador
“Improving access to active lifestyles and creating a culture where Newfoundlanders and Labradorians place greater emphasis on living healthier is integral in achieving better health outcomes. This tax credit will help families with the cost of recreational activities with the added advantage of supporting the local health and wellness industry.”
Honourable Siobhan Coady Deputy Premier
Minister of Finance and President of Treasury Board
“Physical activity is of great importance when taking care of our overall health and wellness. This physical activity tax credit will make living a healthy, active lifestyle more accessible to all individuals.”
Honourable Steve Crocker
Minister of Tourism, Culture, Arts and Recreation
– 30 –
Learn more
Follow us on Twitter @GovNL, @FIN_GovNL and @TCAR_GovNL,
Like us on Facebook
Media contacts
Meghan McCabe
Office of the Premier
709-729-3960
meghanmccabe@gov.nl.ca
Diana Quinton
Finance
709-729-2477, 697-1566
dianaquinton@gov.nl.ca
Kathryn Summers
Tourism, Culture, Arts and Recreation
709-729-4819, 699-6147
kathrynsummers@gov.nl.ca