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Unread 17-07-2008, 17:46   #5
dowlingm
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Join Date: Aug 2006
Location: Toronto, Canada
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that's pretty generous. surprisingly so in fact. I thought pretty much all of those allowances were standard rate credits.

all you get over here is a non-refundable tax credit (so if you don't pay much tax you don't get much/any benefit) of 15% standard rate Federal tax at the end of the year when you file your return. A lot of transit advocates feel that the money should be handed direct to the operator but that doesn't have the same electoral appeal.

I'd prefer to see the credit at least refundable because it provides an incentive for poorer users to get off more expensive-per-ride cash fares and onto unlimited use monthly or weekly passes.

Some argue that giving someone 48% back rewards the rich but those are the ones who are hardest to entice out of cars...
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