Implication of PTTC Policy Shift

By Bassam Hamwi|Apr 7, 2017 10:15:00 AM

Finance Minister Bill Morneau has recently announced the federal government’s intention to phase out its Public Transit Tax Credit (PTTC) effective Jul 1, 2017. The credit, which came into effect on July 1, 2006, allowed regular transit users to reduce their cost of using transit by 15 percent.