Megaton327
Senior Member
Per @W. K. Lis in the TTC Other Items thread, the federal public transit pass tax credit is being axed http://globalnews.ca/news/3327986/federal-budget-2017-tax-credits-transit-alcohol-money/
This will include Presto for all participating agencies. One of the big advantages of Presto was that for people who take 32 or more rides in a month, but not enough to justify a pass, they became eligible for the tax credit where with tickets/tokens they wouldn't have been in the past. I know that a small percentage of TTC passengers who use tokens considered this a not-insignificant reason to jump over to using Presto, so people will likely be displeased to use it.
That being said, I actually agree with axing it. A lot of people who didn't need the few bucks back were getting the credit, the poor are better served by cheaper fares than tax credits. Also, claiming it through Presto was notoriously difficult as Metrolinx ignored repeated warnings from the CRA and just about everybody who ever tried to claim the credit, informing them that their usage report was not a valid document for the credit due to lacking the cardholder name. They gave it such a shoddy effort that it turned into a needless nightmare--no more of that, at least, not to mention waiting until March 1st each year to release it when many people submit file their taxes well before that.
This will include Presto for all participating agencies. One of the big advantages of Presto was that for people who take 32 or more rides in a month, but not enough to justify a pass, they became eligible for the tax credit where with tickets/tokens they wouldn't have been in the past. I know that a small percentage of TTC passengers who use tokens considered this a not-insignificant reason to jump over to using Presto, so people will likely be displeased to use it.
That being said, I actually agree with axing it. A lot of people who didn't need the few bucks back were getting the credit, the poor are better served by cheaper fares than tax credits. Also, claiming it through Presto was notoriously difficult as Metrolinx ignored repeated warnings from the CRA and just about everybody who ever tried to claim the credit, informing them that their usage report was not a valid document for the credit due to lacking the cardholder name. They gave it such a shoddy effort that it turned into a needless nightmare--no more of that, at least, not to mention waiting until March 1st each year to release it when many people submit file their taxes well before that.