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Author Topic: Tax Deductions and Credits Often Overlooked  (Read 389 times)
tran
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« on: April 13, 2011, 11:19:22 pm »

http://www.walletpop.ca/2011/04/12/tax-deductions-and-credits-often-overlooked/?icid=main%7Ccanada-toshiba%7Cdl5%7Csec2_lnk1%7C209586

Transit Passes
If you buy monthly transit passes, keep them handy when you fill out your return – the amount you spend is now another tax credit.

Can we claim 100% for the monthly transit passes?
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Baloo
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« Reply #1 on: April 14, 2011, 03:56:41 am »

Line 364.

"You can claim the total amount paid for public transit passes, or for the cost of passes for multiple transit systems for 2010.
This includes the cost of monthly passes or of longer duration such as an annual pass for travel on public transit."
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I provide opinions drawn from experience - I am not a lawyer. Questions? - Check Immipedia http://immipedia.ca
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