NOTICE

TRANSIT TAX BREAK

With the approval of the 2006 federal budget, you will be able to claim a portion of the cost of your transit pass on your 2009 Income Tax Return. You will also be able to claim transit passes for your dependents. This will apply to monthly passes.

The non-refundable tax credit will be 15% in 2009 of the cost of your pass.

Example:

January to March 2009 = 3 adult passes @ $160.00 X 15% = $72.00

April to December 2009 = 9 adult passes @ $175.00 X 15% = $236.25

                                                                                 TOTAL Tax Credit on Adult passes : $308.25

January to March 2009 = 3 student passes @ $110.00 X 15% = $49.50

April to December 2009 = 9 student passes @ $125.00 X 15% = $168.75

                                                                                  TOTAL Tax Credit on Student passes: $218.25

IMPORTANT!

In order to claim this tax credit, please keep your expired transit pass as your receipt, starting with your July pass and file your expired pass vouchers in a safe place.

The purchase price is not indicated on the monthly pass and you may obtain a statement of the value of the pass at: www.clarence-rockland.com.

Please keep your pass vouchers and statement.

INFO: 613-446-6022, ext. 2247

CR Transpo Monthly
Transit Pass Value 2009

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Monthly Transit Pass                                         Transit Pass Value 2009

Adult Monthly 2009 Pass                                  $2,055.00 (3 x $160) + (9 x $175)
Value for the period of Jan. 1 – Dec. 31, 2009

Student Monthly 2009 Pass                    $1,455.00 (3 x $110) + (9 x $125) 
Value for the period of Jan. 1 – Dec. 31, 2009

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