Score one for the Harper Conservatives?

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Great news for transit lately... the latest federal budget includes a 15.5% tax credit for metropass buyers. We've got the potential for some great savings here: Regular Metropass Price: $99.75 per month OR Metropass Discount Plan: $91.50 per month Federal Tax Credit: - $14.18 per month Actual Cost of Metropass: $77.32 per month

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"It's mercifully over. But a new phenomenon has taken hold. I recognize it: feelings. Now that they're back, even overcompensating, I never want to lose them again. Bitterness, anger, jealousy, sadness: They all make me happy."

making it cheaper is a good start! Now lets make the schedule and routing better!

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Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill

Great news!

now if only the guy can make my car insurance cheaper.

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Website / Facebook / Soundcloud

my insurance just went down $400 a year ...

yeehaw!

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quote:

Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill

A tax credit is a good way to go, although it doesn't change the price of a metropass at the point of purchase. This is both good and bad IMO.

The good: The tax-credit method subsidizes the TTC without restricting the revenue flowing into the TTC.

The bad: The price remains the same at the point of purchase, so the poor don't benefit from this until tax season. In addition, when doing their taxes a lot of people overlook tax credits and hence they might forget to deduct the relevant amount from their tax payments.

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"It's mercifully over. But a new phenomenon has taken hold. I recognize it: feelings. Now that they're back, even overcompensating, I never want to lose them again. Bitterness, anger, jealousy, sadness: They all make me happy."

i agree with the point about the price remaining the same. However if people are too stupid not to claim it as a tax credit, then they dont deserve one.

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quote:

Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill

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Originally posted by Jayx1 However if people are too stupid not to claim it as a tax credit, then they dont deserve one.

hehe, agreed

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"It's mercifully over. But a new phenomenon has taken hold. I recognize it: feelings. Now that they're back, even overcompensating, I never want to lose them again. Bitterness, anger, jealousy, sadness: They all make me happy."

hmm, interesting.

i have to remember this at tax season.

15% is pretty good.

Does anybody know the reasons they made this a tax credit, and not an instant rebate?

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Originally posted by Orko 15% is pretty good. Does anybody know the reasons they made this a tax credit, and not an instant rebate?

This way the gov't pays for it, instead of the TTC directly.

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"It's mercifully over. But a new phenomenon has taken hold. I recognize it: feelings. Now that they're back, even overcompensating, I never want to lose them again. Bitterness, anger, jealousy, sadness: They all make me happy."

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Originally posted by AwakenedAddict This way the gov't pays for it, instead of the TTC directly.

exactly.. If miller got his paws on the money hed probably hand it to the unions on a silver platter and nothing would get accomplished

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quote:

Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill