Accounting, Bookkeeping and Income Tax Services

(905) 895-3212

Tax Credit for Public Transit Passes

The tax credit for public transit passes is a nonrefundable tax credit for the cost of buying a monthly (or longer duration) pass for commuting on buses, streetcars, subways, commuter trains and local ferries. You will be able to claim the tax credit for public transit passes for amounts that occurred after June 30, 2006. You will need to keep your expired monthly transit passes to support your claim. For additional information visit CRA’s website:

http://www.cra-arc.gc.ca/whatsnew/items/transit-e.html

this site and its contents are
copyright © 2017 Bakhsh & Associates Inc. -
accountant website design and development
by outrageous creations!