Every month I dutifully save my monthly TTC Metropass, and when I do my taxes I tally up the cost (it's currently $121/month in the T-dot), claim it on my taxes and get some of the cost back against my taxes. And stick the 12 passes in a box to save for seven years in case I'm audited.
Michael Roschlau, president of the Canadian Urban Transit Association, said it’s a great idea to reward people for taking public transit, but the statistics do not show that the credit produced a spike in ridership.
“We have not been able to attribute a direct correlation between the ridership trends and the tax credit,” he said.
The fact the credit was budgeted to cost $200 million annually and, so far, has been coming in under budget, would seem to indicate there hasn't exactly been a mad stampede of people leaving their car at the park and ride, swayed by the tax credit.