Tax credits for donations and gifts - Schedule V -
Quebec
Quebec has introduced some changes in last tax years, to
increase the number of new donors and patrons in arts and cultures.
They are the additional tax credit for a large cultural
donation and the tax credit for cultural patronage.
In addition, changes were brought to the tax credit for
charitable donations and other gifts.
Finally, a new schedule (Schedule V) has been designed to
calculate the three donation tax credits.
For more information, please visit the following link:
http://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/350-to-3981-non-refundable-tax-credits/line-395/
To enter your donations, follow these steps:
1 - On the "Left side menu on the Interview
tab", select "Interview setup".
2 - On the screen on your right, go to the "Common tax
deductions" group, check the box for "Donations
and political contributions" and then click
"Next" at the bottom of the page.
3 - Return to the "Left side menu on the Interview
tab", select "Donations/political
contributions" and in the screen on your right, choose the
appropriate option.
4 - The first choice is for Canadian charitable donations
(other than per T4 and other slips).
5 - In this screen you have a list of different eligible choice.
For the choices that have been modified by Quebec, it is
"First major cultural gifts ($) (after July 3,
2013)" of the "Large donors ($) (after July 3,
2013)" and "Gifts of musical
instruments".
We recommend that you consult the link provided above for an
understanding of the changes made by Quebec.
ID: 20191210154124NIX.xml
Webpage: KPA365-20191210154124NI.htm
