Non-purchase of Replacements shares in a Labour-sponsored fundIf you have requested a withdrawal of your shares to qualify for the Home Buyers' Plan (HBP), but did not purchase replacement shares in a timely manner, you must pay a special tax as per line 443 of the Quebec return and line 41800 of the federal return.
You must indicate in your return the non-purchase of your shares from a labour-sponsored fund. To do this, follow these steps:
1. On the "Left side menu on the Interview tab", select "Other information slips".
2. On the screen to your right, choose the option that corresponds to your situation, click on the plus "+" icon to the right of the line "RL-10 - Quebec labour-sponsored tax credit (FTQ)" or "RL-10 - Quebec labour-sponsored tax credit (Fondaction)".
3. If your RL-10 slip was issued by the FTQ, enter the amounts displayed in boxes E and F in the corresponding fields of the page that is displayed.
4. However, if the RL-10 slip was issued by the FONDACTION (CSN), enter the amounts displayed in boxes K and L1(15 %), L2(25 %) or L3(20%) in the corresponding fields of the page that is displayed.
You can submit your Quebec return through NETFILE.
For more information on this topic, please consult the following links:
For the CRA:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-41800-special-taxes.html
For Revenu Québec:
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/400-to-447-income-tax-and-contributions/li ne-443/
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Webpage: KPA310-20201209163613NA.htm