Public transit tax credit now in effect for Ontario seniors

If you’re in Ontario, your senior clients who use public transit are eligible for a new tax credit — the seniors’ public transit tax credit. The credit is refundable and equal to 15% of a senior’s eligible public transit costs, and came into effect on July 1, 2017 (i.e., only payments for public transit services […]

By Staff | July 4, 2017 | Last updated on September 15, 2023

1 min read

If you’re in Ontario, your senior clients who use public transit are eligible for a new tax credit — the seniors’ public transit tax credit.

The credit is refundable and equal to 15% of a senior’s eligible public transit costs, and came into effect on July 1, 2017 (i.e., only payments for public transit services between July 1 and December 31 are eligible for the 2017 taxation year).

Ontario’s budget says the annual benefit of the credit is $130.

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