Tax credit for taxi drivers and taxi owners

Taxi drivers

You may claim a tax credit for taxi drivers if, on December 31, 2005, you were resident in Québec and if either of the situations below applied to you:

• You held a taxi driver's permit during the year, but you did not hold a taxi owner's permit on December 31, 2005.
• You held a taxi driver's permit during the year and you held at least one taxi owner's permit on December 31, 2005. In addition, during the portion of the year in which you held the taxi owner's permit or permits, you paid less than 90% of the fuel costs for the taxi covered by each permit.

The maximum credit you may claim is $500.

Taxi owners

You may claim a tax credit for taxi owners if, on December 31, 2005, you held at least one taxi owner's permit and, during the portion of the year in which you held the permit, you paid at least 90% of the fuel costs for the taxi covered by the permit.

The maximum credit you may claim is $500 for each taxi owner's permit you held, provided you paid at least 90% of the fuel costs for the taxi covered by the permit.

If the taxi owner's permit you hold was issued in the name of more than one person, the permit holders must designate one person as the sole permit-holder for the purposes of claiming the credit. Use form TP-1029.9-V, Tax Credit for Taxi Drivers and Taxi Owners, to make this designation.

To claim the tax credit, complete form TP-1029.9-V, Tax Credit for Taxi Drivers and Taxi Owners.