Bill C-233
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1st Session, 39th Parliament,
55 Elizabeth II, 2006
house of commons of canada
BILL C-233
An Act to amend the Income Tax Act (public transportation costs)
R.S., c. 1
(5th Supp.)
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
1. The Income Tax Act is amended by adding the following after section 118.95:
Credit for public transportation costs
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
A x B
where
A is the appropriate percentage for the year; and
B is the total of all reasonable amounts paid by the individual in the year for the use of a public transportation system.
Definition of “public transportation”
(2) For the purposes of this section, “public transportation” includes a public transportation service by bus, subway, commuter train or light rail.
Vouchers
(3) The individual shall provide supporting vouchers indicating the amounts paid by the individual for the use of a public transportation system.
Published under authority of the Speaker of the House of Commons
Available from:
Publishing and Depository Services
Public Works and Government Services Canada
Available from:
Publishing and Depository Services
Public Works and Government Services Canada