REMINDER: CODE 84 PUBLIC TRANSIT PASS TAX CREDIT ELIMINATED EFFECTIVE JULY 1, 2017
The 2017 federal budget ended the public transit tax credit as of July 1, 2017. As a result, employers should only enter the cost of eligible transit passes that were used for public transit services from January 1 to June 30, 2017 and include these amounts under code 84 on the T4 slip.
Since an employee may be able to claim a tax credit for the cost of eligible transit passes for the period January 1, 2017 to June 30, 2017 on their 2017 income tax return code 84 will continue to be available for this purpose for the 2017 tax year.
Employers may access additional information at Public Transit Tax Credit Questions and Answers.