Tax Break

 

NOTICE

TRANSIT TAX BREAK

With the approval of the 2006 federal budget, you will be able to claim a portion of the cost of your transit pass on your 2017 Income Tax Return. You will also be able to claim transit passes for your dependents. This will apply to monthly passes.

The non-refundable tax credit in 2017 will be 15% of the cost of your pass.

Example:

January to June 2017              = 6 adult passes @ $238.00 X 15% = $214.20

TOTAL Tax Credit on Adult passes   : $ 214.20

January to June 2017             = 6 student passes @ $171.00 X 15% = $ 153.90

TOTAL Tax Credit on Student passes: $ 153.90

 

IMPORTANT!

In order to claim this tax credit, please keep your expired transit pass as your receipt and file your expired pass vouchers in a safe place.

Please keep your pass vouchers and statement.

INFO: 613-446-6022, ext. 2247

CR Transpo Monthly
Transit Pass Value 2017

 

Monthly Transit Pass                                                   Transit Pass Value 2017

Adult Monthly 2017 Pass                                             $1,428.00 (6 X $238) Value for the period of Jan. 1 – June 30, 2017

Student Monthly 2017 Pass                                         $1,026.00 (6 X $171) Value for the period of Jan. 1 – June 30, 2017

 

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