Canada declares no tax when buying a bike

Buy a bike with a price tag of $1,000 or less in Ontario and you won't pay any tax. No tax on accompanying safety equipment either.

"I trust this will encourage people to take the opportunity to become more active and to lead healthier lives," said Margarett Best, the province's minister of health promotion.

It seems biking incentives are nothing new in Canada. British Columbia has had a program in place since the early 1980s that cuts the tax from purchases of bikes, parts, and accessories. Alberta residents get $300 toward a bike when they retire an old car. And the federal government offers a fitness tax break to parents who enroll their kids in athletic programs.

While tax breaks don't even compare to parental and peer encouragement when it comes to healthy living and while fitness doesn't have to cost a cent -- consider the good old-fashioned walk -- this is certainly an option that may prove inspiring to some.

How about you?