Public Transit Capital Trust

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.