Federal Tax Credit for transit
The Federal Government announced it would provide a non-refundable tax credit to those persons who purchase any of the following passes:
- Monthly pass (adult, post-secondary, youth, or Employer)
- Seniors pass (annual or semi-annual)
To claim the tax credit
If you purchased a monthly pass, keep all of your purchase receipts for the year.
If you have an Employer R-Card issued though the Employer Pass Program your employer will have included the amount you paid for your pass on your T4 slip.
Using your purchase receipts, you can follow the instructions included in your income tax package from the Canada Revenue Agency to claim your credit on your income tax.
To determine the amount of your tax credit
To calculate the exact amount of your tax credit, please visit www.cra.gc.ca.