Reminder: Federal government change means transit pass tax credits are limited
February 28, 2018
The TTC is reminding customers that due to changes introduced by the Federal Government last year, transit pass tax credits are only applicable to Adult Metropasses for the first half of 2017. The credit is not available for passes after June 30, 2017.
The Federal program has been cancelled for 2018 and beyond. Seniors passes will remain eligible for a full year credit under a Provincial Government program. Information is available at https://www.ontario.ca/page/ontario-seniors-public-transit-tax-credit
For customers who participate in the Metropass Discount Plan (MDP) program, the TTC has issued receipts for the cost of the January to June passes. For customers who purchase Metropasses or other passes on a period-by-period basis, the pass serves as a receipt for tax purposes.
Customers seeking information about this change are advised to contact the Canada Revenue Agency. More information available at https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2017-building-a-strong-middle-class/public-transit-tax-credit.html
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