Non-purchase of Replacements shares in a
Labour-sponsored fund
If you have requested a withdrawal of your shares to qualify
for the Home Buyers' Plan (HBP), but did not purchase
replacement shares in a timely manner, you must pay a special tax
as per line 443 of the Quebec return and line 41800 of
the federal return.
You must indicate in your return the non-purchase of your
shares from a labour-sponsored fund. To do this, follow these
steps:
1. On the "Left side menu on the Interview tab", select
"Other information slips".
2. On the screen to your right, choose the option that
corresponds to your situation, 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. If your RL-10 slip was issued by the FTQ, enter the
amounts displayed in boxes E and F in the
corresponding fields of the page that is displayed.
4. However, if the RL-10 slip was issued by the FONDACTION
(CSN), enter the amounts displayed in boxes K and
L1(15 %), L2(25 %) or L3(20%) in the
corresponding fields of the page that is displayed.
You can submit your Quebec return through NETFILE.
For more information on this topic, please consult the
following links:
For the CRA:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-41800-special-taxes.html
For Revenu Québec:
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/400-to-447-income-tax-and-contributions/li
ne-443/
ID: 20201209163613NA.xml
Webpage: KPA310-20201209163613NA.htm
