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 cardholders who need a transit usage report to claim the Transit Tax Credit:
2013 Transit Usage Reports will be available for registered customers through prestocard.ca as of March 1, 2014.
Unregistered customers: PRESTO cardholders must register their card prior to January 31, 2014 in order to qualify for the 2013 transit usage report.
Additional information on the tax credit for public transit is on the Canada Revenue Agency website at www.cra-arc.gc.ca