RL-27 slips - Box B, SubsidiesThe amounts displayed on the RL-27 slip in Box B relate to subsidies received from a ministry or an organization of the government of Quebec during the taxation year.
The subsidy is an amount received as assistance for the cost of an asset, for an outlay or expenditure or as an incentive. Aid or incentives can take the form of a bonus, subsidy, and forgivable loan. Verify the type of assistance you received.
Depending on the type of benefit that you receive, you must include these amounts in the calculation of your income or that of the trust, company or partnership.
If you are an individual and the amount of subsidy has been exhausted, you do not need to enter it. Therefore, do not claim a deduction for the expense.
However, if the amount was not used in full, or according to the agreement with the government, you must enter the balance in "Other taxable income" as follows:
1. On the left-side menu of the " Interview " tan, select "Other income".
2. On the page appearing on the right, choose "Other taxable income (federal line 13000)" and complete the fields for "Description and amount of other income not included in the CNIL".
3. If you have any other amounts to enter, click on the plus sign "+" to enter the description and amount.
This amount will be entered as "Other income" on line 13000 of the federal return and on line 154 of the Quebec return.
You do not have to attach this slip to your tax return (or the information return, in the case of a partnership). Keep this copy for your files instead. Furthermore, please note that a copy was sent by the issuer of the slip to Revenu Québec.
ID: 20211018170348CA.xml
Webpage: KPA365-20211018170348CA.htm