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Can I apply for public transit tax credit if I was not reimbursed in full?
Hi,
Giving that:
1. My employer partially reimbursed me for the transportation by including the total public transit costs in the employment income section on the T4 ($1,605.00) and
2. They also included portion of this sum in the tax deduction sections ($643.2 fed. tax, $30.24 E.I., and $79.44 C.P.P.)
can I still apply for a tax credit for either the full sum, or part of it that I was not reimbursed?
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Can I apply for public transit tax credit if I was not reimbursed in full?
Yes. Because your employer included the amount reimbursed for public transit in your income on your T4, you are allowed to claim the total of all of these costs ( Both the reimbursed amounts as well as the amounts not reimbursed) that you paid during the year when claiming the public transit amount. For more info, please see http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns360-390/364/rtrn-eng.html
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Can I apply for public transit tax credit if I was not reimbursed in full?
Yes. Because your employer included the amount reimbursed for public transit in your income on your T4, you are allowed to claim the total of all of these costs ( Both the reimbursed amounts as well as the amounts not reimbursed) that you paid during the year when claiming the public transit amount. For more info, please see http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns360-390/364/rtrn-eng.html
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