• Hi Guest: Welcome to TRIBE, the online home of TRIBE MAGAZINE. If you'd like to post here, or reply to existing posts on TRIBE, you first have to register. Join us!

Canada Revenue Agency tells monthly public transit pass holders: Keep your pass!

Chris

Well-Known TRIBEr
reminder
-----------------------------
Canada Revenue Agency tells monthly public transit pass holders: Keep your pass!

Ottawa, June 19, 2006... The Canada Revenue Agency is advising transit users to keep their monthly transit passes and receipts if they plan to claim a proposed new tax credit for public transit use on their 2006 income tax return.

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; and,
the identity of the rider, either by name or unique identifier.
If a transit user's pass does not contain all of this information, the Agency advises that transit users also obtain a dated receipt, or retain cancelled cheques or credit card statements, to support the claim. The credit will be available for the portion of the pass that is used on or after July 1st, even if the pass is purchased before that date.

Additional information on how to claim the proposed tax credit for public transit passes will be posted soon on the Canada Revenue Agency Web site at www.cra.gc.ca.

The transit pass credit, announced as part of the May 2006 federal budget, will allow individuals to claim the cost of passes for commuting on buses, streetcars, subways, commuter trains and ferries. In addition to claiming his or her own cost of transit passes, an individual can make a claim on behalf of a spouse or common-law partner, and the individual's children under the age of 19, to the extent that they have not already been claimed by them.
 

Thumpr

TRIBE Member
shit.

i attack drivers instead of paying my fare. i should've thought things through.

maybe i should go teach english in Asia, i've heard nothing but good things..
 
tribe cannabis goldsmith - gold cannabis accessories

kyfe

TRIBE Member
Thumpr said:
shit.

i attack drivers instead of paying my fare. i should've thought things through.

maybe i should go teach english in Asia, i've heard nothing but good things..
Thwilly, is that you?
 

Rude1_247

TRIBE Member
SlipperyPete said:
that's silly -- but whatever, I've got *my* 12 month contract lying around.....somewhere.
Even if you didn't, it doesn't really matter too much. It's only effective from July on, so the last 6 months won't count anyways. For people who buy month to month, just get a reciept and keep it as well as the pass itself.
 

Ms. Fit

TRIBE Member
Thanks for the reminder, ChrisD...I was presently surprised to see that this thread has nothing to do -in any way- with "hot broads" and/or women's lingerie.
 
tribe cannabis accessories silver grinders

Chris

Well-Known TRIBEr
Ms. Fit said:
Thanks for the reminder, ChrisD...I was presently surprised to see that this thread has nothing to do -in any way- with "hot broads" and/or women's lingerie.
I have my moments
*curses*

;)
 
Top