Commuter Choice Tax Benefits
Why implement a Commuter Choice tax benefits program?
- Parking savings
- Improved recruitment and retention
- Less stressed employees
- Cost savings for employees and employers
- Offset rising transit costs and fare increases for employees
- Less congestion
- Improved air quality
What are the options?
Employers offering a Commuter Choice tax benefits program have the ability to offer the benefit in one of three ways:
- Employer subsidy
- Employee sets aside a monthly amount on a pre-tax basis
- As a combination of these two methods employer and employee pay
What are the savings?
Paying transit and vanpool costs for your employees is a great tax-free benefit for them, and gives you a tax break too. In fact, you can provide a $230 benefit for a net cost of only $138*. Find out more about the savings here.
* Based on corporate tax rate of 34%
What are the steps to get started?
We've outlined simple steps to help you get started.
Questions? Here are some frequently asked questions about the tax benefits program.
Contact Us
For more information on all the tax benefits your business can receive, contact one of our employer specialists.
* Based on corporate tax rate of 34%