Monday, March 11, 2013

Public Transit users—claim your tax credit!

Did you know?
If you use public transit, you can claim the cost of certain public transit passes to reduce the taxes you owe.

Important information
You can claim the cost of monthly or annual passes for unlimited travel within Canada on any of the following: buses, streetcars, subways, commuter trains, or ferries. You may also be able to claim the cost of shorter duration passes and electronic payment cards in certain circumstances.
When claiming the public transit amount, keep your transit pass in case the Canada Revenue Agency (CRA) asks you to verify your claim. If you do not have your passes, you can also provide your receipts, cancelled cheques, or credit card statements to support your claim.

For information about the public transit amount, go to www.cra.gc.ca/transitpass and watch the video.

Canada Revenue Agency

This a a reproduction copy of an official work that is published by the Government of Canada and that the reproduction has not been produced in affiliation with, or with the endorsement of the Government of Canada.

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