Claiming the Quebec student loan credit for spousal transfer of the non-refundable tax creditWe have corrected the program. It will now be possible for you to transfer to your spouse the tax credit for student loans when the program generates a non-refundable tax credit.
To do this, follow this procedure.
1. On your file, under "Tuition, education, student loans", click on the plus sign "+" icon located on the right of the line "Interest paid on your student loans (line 31900)".
2. In the page entitled "Interest paid on student loans", enter the interest you paid for the taxation year. Then, at the bottom of the page, go to the line "Limit to the amount of student loan interest claimed" and in the first field enter $0.00, because this field is for the federal.
3. Click on "Maple Leaf" icon. A second field will open for Quebec where you will enter the student loan amount that you wish to transfer.
This amount will be entered on the Quebec Schedule M.
In addition, this credit will be entered on line 385 of the Quebec tax return.
This credit will increase your "Non-refundable Tax Credits", and if these credits are higher than your taxable income tax, it will be carried over to line 431 for "Credits transferred from one spouse to the other".
ID: 20210719161515NA.xml
Webpage: KPA355-20210719161515NA.htm