Common use of Transit Subsidy Clause in Contracts

Transit Subsidy. In order to encourage the use of public transport by employees, an employee may register for a PRESTO Smartcard to purchase OC Transpo monthly pass products and be entitled to a once annual 25% reimbursement of the total annual amount of OC Transpo monthly passes purchased on his or her PRESTO Smartcard provided that: (a) The employee signs a yearly declaration affirming that the purchase of the OC Transpo pass through their PRESTO Smartcard is for their personal use only, and (b) The employee provides their PRESTO Transit Usage Report showing the number and cost of monthly passes purchased during the year. Such proof must be submitted with their claim for reimbursement by March 31 of the year immediately following the calendar year being claimed.

Transit Subsidy. In order to encourage the use of public transport by employees, an employee may register for a PRESTO Smartcard to purchase OC Transpo monthly pass products and be entitled to a once annual 25% reimbursement of the total annual amount of OC Transpo monthly passes purchased on his or her PRESTO Smartcard provided that: (a) The employee signs a yearly declaration affirming that the purchase of the OC Transpo pass through their PRESTO Smartcard is for their personal use only, and (b) The employee provides their PRESTO Transit Usage Report showing the number and cost of monthly passes purchased during the year. Such proof must be submitted with their claim for reimbursement by March between January 1 and January 31 of the year immediately following the calendar year being claimed.