Quebec tax return - lines 430-431: Credits transferable to the spouseFor UFile to perform the transfer between spouses, you must produce both tax returns together.
There is no section in the program to indicate the transfer if the returns are not calculated in the same tax file.
If you prepare both spouses return within the same tax file, you will see that the credit transfer is performed automatically when the amount on line 430 is negative for one of the spouses.
If the amount on line 430 of your Quebec tax return is negative, you can transfer it to your spouse on December 31st, 2019, to reduce his or her income tax. The transferred amount will be reported to the line 431 of your spouse's Quebec tax return.
This situation happens when your non-refundable credits (line 399 of Quebec tax return) are greater than your tax on taxable income (line 431 of Quebec tax return).
If your spouse, on December 31st, 2019, is transferring to his or her father or mother, an amount for a child 18 or over enrolled in post-secondary studies, you must reduce the negative amount shown on line 430 of your spouse's Quebec tax return by 20% of the amount transferred to his or her father or mother (line 20 of your spouse's Schedule S).
ID: 20200204142415DE.xml
Webpage: KPA365-20200204142415DE.htm