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The Fair Pass program is for Toronto residents who are low-income earners benefiting from any of the Ontario Disability Support Program (ODSP), Ontario Works, or a Toronto Child Care Fee Subsidy. Those eligible for the Fair Pass program receive a Presto card configured for the reduced Fair Pass price for either single rides or a monthly pass ...
Further deductions are allowed in determining "taxable income", such as capital losses, half of capital gains included in income, and a special deduction for residents of northern Canada. Deductions permit certain amounts to be excluded from taxation altogether. "Tax payable before credits" is determined using five tax brackets and tax rates.
The program was discontinued on April 1, 2020, after the Ontario government decided not to renew the contract to extend the discounted double fare program, meaning that customers will be charged the full fare when transferring between TTC and GO Transit services within the City of Toronto. On February 26, 2024, free transfers between GO and TTC ...
Some deductions remain every year, but others change or disappear, and new ones crop up. ... The standard deduction amounts for tax year 2024 are as follows: Single filers: $14,600. Married filing ...
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The Presto card (stylized as PRESTO) is a contactless smart card automated fare collection system used on participating public transit systems in the province of Ontario, Canada, specifically in Greater Toronto, Hamilton, and Ottawa. Presto card readers were implemented on a trial basis from 25 June 2007 to 30 September 2008.
Tax Deductions For the 2024 Tax Year. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023.
By 1936, some 200 councils ranging in size from Toronto to Blenheim Township were collecting such taxes. [24] Toronto levied personal income taxes until 1936, and corporate income taxes until 1944. [25] From 1855 to 1870, and once more from 1939, [26] income tax was imposed on residents of Quebec City. [27]