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Taking
the bus is more economical than ever thanks to the
federal tax credit
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Claim a tax credit of 15% on
the price of your public transit pass in 2011 (purchased monthly,
per semester or annually)!
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| Examples of tax credit calculations:
Student REGULAR monthly pass for
twelve (12) months at $54.00 :
12 x $54.00 X 15% = $97.20
Adult EXPRESS monthly pass for
twelve (12) months at $94.50 :
12 x $94.50 X 15% = $170.10 |
How do I claim it?
Enter the amount you spent on public
transit between January 1st and December 31, 2011,
on line 364 of your T1 income tax return.
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Which supporting
documents must I keep? You
do not have to submit any documents when you prepare your
income tax return, but you must keep the
supporting documents to prove that you purchased
your pass for the months of January to December 2011 in case
the Canada Revenue Agency asks for them.
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Smart card
Monthly pass
Semester pass
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Cam-Puce UQO |
Cam-Puce Cégep) |
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Keep the receipt
you were given when you purchased your pass and make a photocopy
of it to ensure it will last.
You must also keep a photocopy of your personalized
smart card to be able to match the reference number
on your receipt with the number on your card.
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FIDÉLITÉ Program
Annual pass with pre-authorized debit payment
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Keep your bank
statements. The monthly debits taken by the STO are
identified on your statement.
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Riders enrolled in the EMPLOYER Program
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The deductions at source taken by your employer to purchase
your pass appear on your T4 slip. They are
identified in box 84 – public transit pass
in the "Other information" area.
Click
here for all the details.
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Get
your supporting document for your pass purchases!
Did you
lose or forget to keep the supporting documents for
your pass purchases in 2011, to prove the cost to the
Canada Revenue Agency, if asked?
Click
here to
obtain a detailed receipt!
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Claim a credit for your family!
In addition to claiming the
cost of your own pass, you can also claim the passes for your
spouse, common-law partner and dependent children under the
age of 19 if these amounts have not already been claimed.
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Can I claim
the cost of a pass for a student using integrated public transit
for the 2011-2012 school year?
No, because the child's academic institution
is paying the travel costs for students using this service.
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Can I claim a monthly pass purchased in December 2010?
You can claim your pass even if you purchased it in December
2010, as long as the pass was for travel after January 1st,
2011.
For more details on the federal government tax credit, visit
the Canada
Revenue Agency Web
site.
Start
keeping the supporting documents for 2012 now!
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Save even
more with the FIDÉLITÉ Program!
If you are already recharging your smart card every month...
The FIDÉLITÉ Program would be perfect for you!
In addition to getting a reimbursement through the federal
government's tax credit, you also get another 10% discount
by enrolling in the FIDÉLITÉ Program –
the annual pass with pre-authorized debit payments.
Read
all the details!
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