How does the Transit Tax Credit apply?
DRT Monthly Pass Passengers:
DRT monthly (and longer) transit passes are eligible for a transit pass tax credit. If a transit pass displays the following information, the pass itself will be sufficient to support a claim for the tax credit:
an indication that it is a monthly (or longer duration) pass
the date or period for which the pass is valid
the name of the transit authority or organization issuing the pass
the amount paid for the pass
the identity of the rider, either by name or unique identifier
Durham Region Transit (DRT) passengers will not require a receipt, as the DRT pass itself meets the criteria determined by the CRA, as long as the back of the pass is signed.
PRESTO registered cardholders need a transit usage report from prestocard.ca to claim the Transit Tax Credit
Additional information on the tax credit for public transit is on the Canada Revenue Agency website at www.cra-arc.gc.ca