W. K. Lis
Superstar
Don't forget about the transit tax credit, which (unfortunately) is helpful only if you file income tax. From link:
The tax credit is 15% of the cost of the transit, but only off federal income tax, not the Ontario income tax.
That 32 one-way trips turns out to be 16 two-way trips in a month.
Electronic payment cards if:
- the card is used to make at least 32 one-way trips over a maximum of 31 consecutive days; and
- the card is issued by a public transit authority that records and provides a receipt for the cost and usage of the card.
The tax credit is 15% of the cost of the transit, but only off federal income tax, not the Ontario income tax.
That 32 one-way trips turns out to be 16 two-way trips in a month.
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