Bill C-209
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1st Session, 37th Parliament, 49-50 Elizabeth II,
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House of Commons of Canada
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BILL C-209 |
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An Act to amend the Income Tax Act (Public
Transportation Costs)
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1. The Income Tax Act is amended by
adding the following after section 118.95:
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| Credit for
public
transporta- tion costs
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118.96 (1) For the purpose of computing an
individual's tax payable under this Part for a
taxation year, there may be deducted the
amount determined by the formula
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A x B
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where:
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A is the appropriate percentage for the year;
and
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B is the total of all reasonable amounts paid
by the individual in the year for the use of
a public transportation system.
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(2) For the purposes of this section, ``public
transportation'' includes a public
transportation service by bus, subway,
commuter train or light rail.
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(3) The individual shall provide supporting
vouchers indicating the amounts paid by the
individual for the use of a public
transportation system.
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