Filing Your Return -> Public Transit Tax Credit
Income Tax Act s. 118.02
Line 364 Public Transit Pass Tax Credit - eliminated effective July 1, 2017
The Federal 2017 Budget proposes to eliminate this tax credit effective July 1, 2017. The cost of public transit passes and electronic fare cards that relate to public transit use that occurs after June 2017 will no longer be deductible.
The Federal non-refundable tax credit for public transit passes was available for 2006 for the portion of the pass that was used on or after July 1, 2006, even if the pass was purchased earlier. For 2006, only passes of a duration of one month or longer were eligible for the public transit tax credit.
The tax credit was revised effective January 1, 2007 to expand the eligibility criteria:
The public transit pass tax credit is available for the cost of passes for commuting on buses, streetcars, subways, commuter trains and local ferries. A taxpayer can claim the transit pass tax credit on behalf of a spouse or common-law partner, or the taxpayer's children under age 19.
Your pass must provide certain information in order to support your claim for a public transit tax credit, including:
If the pass does not provide all of the above information, the transit user is advised by Canada Revenue Agency (CRA) to retain a dated receipt, or cancelled cheques or credit card statements to support the tax credit claim.
This is a Federal tax credit, and Yukon Territory also provides the same tax credit, on line 5835 of form YT428. It is not available for any other province or territory.
See also Tax Information for Students
CRA Resources- Line 364 - Public transit amount
Tax Tip: Keep your public transit passes, and make sure they provide detailed information.
Revised: July 25, 2017
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