Property tax refund for forest producers - Schedule E - QuebecYou can claim a property tax refund if you meet the following conditions:
- During the taxation year covered by the claim, you were a certified forest producer under the Sustainable Forest Development Act, and held a valid certified forest producer's certificate issued for that purpose
- You incurred eligible expenses to develop your woodlots that:
- are recorded in a forest engineer's report
- total an amount greater than or equal to the amount of property taxes assessed for the evaluation units listed in your forest producer's certificate
For more information on this topic please visit the following websites:
https://www.revenuquebec.ca/en/citoyen/credits/taxe-fonciere/default.aspx
To claim this credit, please follow the procedure below.
1 - On the left side menu of the " Interview " tab, select the "Quebec tax Credits".
2 - On the right-side page, scroll down to the "Quebec line 462" group and click on the plus "+" icon to the right of the line "Schedule E - Refund with respect to real estate taxes paid on woodlots (Part C)".
3 - On the page that appears, on the line "Real estate taxes paid on woodlot", indicate the location of the lot and in the right field on the right, enter the taxes that were paid.
4 - Complete the other fields.
5 - On the line for "Unused portion of eligible expenses", enter the expenses that you have not previously claimed.
6 - If you have multiple woodlots, repeat the above steps for each woodlot.
Note: If the taxpayer was entitled to a property tax refund for the taxation year in which the expenses were incurred, this taxpayer can carry the eligible development expenses incurred in that year forward over the next ten years.
If the taxpayer was not entitled to a refund for the year in which the expenses were incurred, this taxpayer can carry those expenses forward over the next two years only.
ID: 20211019172446CA.xml
Webpage: KPA365-20211019172446CA.htm