Tax credits for donations and gifts - Schedule V - QuebecQuebec has introduced some changes in last tax years, to increase the number of new donors and patrons in arts and cultures. They are the additional tax credit for a large cultural donation and the tax credit for cultural patronage.
In addition, changes were brought to the tax credit for charitable donations and other gifts.
Finally, a new schedule (Schedule V) has been designed to calculate the three donation tax credits.
For more information, please visit the following link:
http://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/350-to-3981-non-refundable-tax-credits/line-395/To enter your donations, follow these steps:
1 - On the "Left side menu on the Interview tab", select "Interview setup".
2 - On the screen on your right, go to the "Common tax deductions" group, check the box for "Donations and political contributions" and then click "Next" at the bottom of the page.
3 - Return to the "Left side menu on the Interview tab", select "Donations/political contributions" and in the screen on your right, choose the appropriate option.
4 - The first choice is for Canadian charitable donations (other than per T4 and other slips).5 - In this screen you have a list of different eligible choice. For the choices that have been modified by Quebec, it is "First major cultural gifts ($) (after July 3, 2013)" of the "Large donors ($) (after July 3, 2013)" and "Gifts of musical instruments".
We recommend that you consult the link provided above for an understanding of the changes made by Quebec.ID: 20191210154124NIX.xml
Webpage: KPA365-20191210154124NI.htm