ALBERTA PERSONAL INCOME TAX (PHYSICAL ACTIVITY CREDIT) AMENDMENT ACT, 2008 ALBERTA PERSONAL INCOME TAX (PHYSICAL ACTIVITY CREDIT) AMENDMENT ACT, 2008
HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows:
Amends RSA 2000 cA-30
1 The Alberta Personal Income Tax Act is amended by this Act.
2 The following is added after section 12:
Credit for costs of organized physical activity
12.1(1) In this section,
(a) “dependant” means a dependant of an individual under section 8(1)(a), (b), (d) or (e);
(b) “eligible organization” means an organization approved by the Provincial Minister that provides programs of physical activity to individuals or groups;
(c) “eligible physical activity” means a physical activity that does not provide an individual participant with remuneration;
(d) “physical activity” means an activity that contributes to the development of an individual’s cardio-respiratory endurance, muscular strength, muscular endurance, flexibility or balance.
(2) For the purpose of computing the tax payable under this Act for a taxation year by an individual, there may be deducted an amount determined by the formula
A x (B-$100)
A is the specified percentage for the year;
B is the total of the fees paid by the individual in the year for the individual and his or her dependants to participate in eligible physical activities.
(3) An individual must not deduct more than $500 of the fees paid for himself or herself in a taxation year.
(4) An individual must not deduct more than $500 for each dependant of the fees paid for that dependant in a taxation year.
(5) Subsection (2) does not apply unless the payment of the fees is proven by filing with the Provincial Minister a receipt in the prescribed form issued by an eligible organization.
3 Section 42 is amended by adding “, 12.1” after “12”.
4 This Act comes into force on Proclamation.