Country:Canada
Year:2006
Policy status:Ended
Jurisdiction:National
Date Effective:2006
Policy Type:Economic Instruments>Direct investment>Infrastructure investments, Economic Instruments>Direct investment>Funds to sub-national governments, Economic Instruments>Fiscal/financial incentives>Tax relief, Policy Support>Institutional creation
Policy Target:Transport
Description:

Canada's Federal Budget 2006 dedicated CAD 1.3 billion to public transit capital improvements through the Public Transit Fund and the Public Transit Capital Trust and offers individuals a non-refundable tax credit to help cover the cost of public transit passes. Budget 2008 set aside up to $500 million in 2007–08 to be paid into a third-party trust, allocated on a per capita basis, for public transit infrastructure such as rapid transit, rail, transit buses, and high occupancy vehicle and bicycle lanes.

Last modified: Fri, 01 Feb 2013 19:12:55 CET