The original announcement in the May 4 Progressive Conservative budget was:
- Starting in 2009, the province will match the Federal Transit Tax Credit. This non-refundable tax credit is calculated at the lowest personal income tax rate for the year (8.79 per cent) and deducted from the amount of provincial tax owed.
- The 2008-09 budget announced a new Transit Tax Credit starting in 2009. The implementation of this credit has been deferred and will be revisited at a later date. This tax credit would have cost $1.5 million in 2009-10.
- 12 months adult Halifax Metro Transit MetroPass @ $70/month = $840
- $840 x 8.79% = $73.84 tax saving