News Column

Tax Tip: Public Transit Users-Claim Your Tax Credit!

Mar 11 2013 12:00AM

Marketwire

LogoTracker

OTTAWA, ONTARIO -- (Marketwire) -- 03/11/13 -- If you use public transit, you can claim the cost of certain public transit passes to reduce the taxes you owe.

Important information

You can claim the cost of monthly or annual passes for unlimited travel within Canada on any of the following: buses, streetcars, subways, commuter trains, or ferries. You may also be able to claim the cost of shorter duration passes and electronic payment cards in certain circumstances.

When claiming the public transit amount, keep your transit pass in case the Canada Revenue Agency (CRA) asks you to verify your claim. If you do not have your passes, you can also provide your receipts, cancelled cheques, or credit card statements to support your claim.

For information about the public transit amount, go to www.cra.gc.ca/transitpass and watch the video.

Fast facts about filing your income tax return online

-- Filing your return online means receiving your refund faster.-- Filing online is easy. Certified software and Web applications (some of which are free to use) guide you through the process, do your calculations for you, and ensure you don't miss out on credits and benefits you may be eligible for.-- If you are already filing online, you no longer need a web access code to file your return. Now, all you need to file online is your social insurance number and date of birth.-- Filing online is secure. The CRA uses the same high level of online security used by Canadian financial institutions.-- File your income tax and benefit return on time to make sure there are no interruptions to your benefit and credit payments.-- Go to www.cra.gc.ca/getready and let us walk you through it step by step.-- If you need help filing your return, you can contact the Community Volunteer Income Tax Program. To find a volunteer tax preparation clinic, go to www.cra.gc.ca/volunteer.



Stay connected (www.cra.gc.ca/socialmedia)

To receive updates when new information is added to our Web site, you can:

- follow the CRA on Twitter - @CanRevAgency;

- subscribe to a CRA electronic mailing list; and

- add our RSS feeds to your feed reader.

You can also watch our tax-related videos on YouTube.



Contacts:
Noel Carisse
Media Relations
Canada Revenue Agency
613-952-9184





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters