Labour-sponsored funds - Credit for shares previously acquired -QuebecTo claim the unused credit of a labour-sponsored fund in Quebec, please follow the procedure below:
1. On the "Left-side menu of the Interview tab", select "Other information slips".
2. On the screen to your right, choose the option that suits you, 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. On the page that appears, for the "Period" line, from the drop-down menu on the right, select "Amounts paid after the 60th day of 2021".
4. Go to the last section of the page titled either "Unclaimed FONDACTION shares from prior years" or "Unclaimed FTQ shares from prior years", select the first line, and enter the amount that you have not previously claimed.
5. Given that this is simply to claim a credit that you had not previously claimed, you do not have to enter any additional information.
The credit for the labour-sponsored fund eligible in Quebec will be carried over by the program to line 424 of the Quebec return, but only if required to reduce your tax payable.
For more information about this topic, please consult the following link:
https://www.revenuquebec.ca/en/citizens/tax-credits/tax-credit-for-a-labour-sponsored-fund/
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Webpage: KPA365-20210927204246DE.htm