A new Conservative government will put money back in the pockets of Canadians
Today, the Hon. Andrew Scheer, Leader of Canada’s Conservatives, announced that as Prime Minister, he would introduce the Green Public Transit Tax Credit to reduce the cost of public transit and put more money back in the pockets of Canadians.
“For so many Canadians, especially our students, young professionals, young families, and seniors, the cost of public transit can be a significant out-of-pocket expense. The Green Public Transit Tax Credit will provide much-needed relief to transit users and commuters so they can just worry about getting home on time, and not so much about their bottom line.”
A family of four in the Greater Toronto Area that regularly takes the TTC would save almost $1,000 per year with a new Conservative Government’s Green Public Transit Tax Credit. A young professional regularly commuting on GO Transit from Oshawa to downtown Toronto would save around $650 per year.
The Credit will be for transit passes that allow for unlimited travel within Canada on local busses, streetcars, subways, commuter trains, and ferries. Some electronic fare cards and weekly passes can be eligible if they are used on an ongoing basis.
The Trudeau Liberals eliminated the Public Transit Tax Credit in 2017 and hit the wallets of 1.8 million Canadians. This is exactly what Canadians can expect with four more years of Trudeau, poor judgement, higher taxes, more expenses.
“Life is expensive enough and the government should not make it more expensive,” said Scheer. “My plan is about supporting Canadians and helping them reach their goals by easing the daily pressures that they face just to get to work, or to care for their kids, or to manage their homes. This tax credit means you can worry a bit less.”
The Green Public Transit Tax Credit is an important part of A Real Plan to Protect the Environment, Canada’s Conservative’s plan to fight climate change by lowering emissions with our core promise of leaving more money in Canadians’ pockets and letting them get ahead.
The Credit will also reduce congestion on our roads and cut commute times for Canadians so that everyone can get home faster at the end of the work day.
FACTS:
- Eligible expenses will include monthly transit passes, as well as weekly passes and electronic fare cards when used for an extended period. Canadians will be able to claim the credit for transit costs borne by themselves, their spouses, and children under the age of 19.
- By making it more affordable for Canadians to use public transit, we will reduce the number of cars on the road. This will decrease congestion, allowing Canadians to get home faster at the end of the workday. It will also help our environment as more Canadians choose public transit.
- It is easy to claim the Green Public Transit Tax Credit as online passes can be claimed.
SUPPORTING DOCUMENTS
Background
Independent Parliamentary Budget Officer Costing