Line 460 - Tax shield

Line 460 - Tax shield

The tax shield is based on your conjugal status and family income. You may be entitled to it if you were resident in Québec on December 31, 2024, and, for 2024, you (or your spouse, if applicable) are entitled to the tax credit for childcare expenses, the work premium or the adapted work premium. You must, however, meet the requirements below.

• If you did not have a spouse on December 31, 2024:

  • your net income for the year (line 275 of your 2024 income tax return) is greater than that reported in your 2023 income tax return; and

  • your eligible work income for 2024 is greater than that for 2023 (based on your income tax returns for each of those years).

• If you had a spouse on December 31, 2024:

  • your net family income (the total of the amounts on line 275 of your and your spouse's 2024 income tax returns) is greater than that for 2023; and

  • your or your spouse's eligible work income for 2024 is greater than that for 2023 (based on your income tax returns for each of those years).

Claiming the tax shield

If you would like to receive the tax shield, check box 99 in Schedule C or box 5 in Schedule P. We will calculate the amount to which you are entitled.

If you would rather calculate the amount yourself, complete form TP-1029.BF-V, Tax Shield. Do not enclose the form with your return, but keep it for your files.

Splitting the tax credit

If you and your spouse on December 31, 2024, want to split the tax shield, complete form TP-1029.BF-V to calculate the amount each of you will receive.

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