Quebec tax return - lines 430-431: Credits
transferable to the spouse
For UFile to perform the transfer between spouses, you must
produce both tax returns together.
There is no section in the program to indicate the transfer if
the returns are not calculated in the same tax file.
If you prepare both spouses return within the same tax file, you
will see that the credit transfer is performed automatically when
the amount on line 430 is negative for one of the spouses.
If the amount on line 430 of your Quebec tax return is negative,
you can transfer it to your spouse on December
31st, 2019, to reduce his or her income tax. The
transferred amount will be reported to the line 431 of your
spouse's Quebec tax return.
This situation happens when your non-refundable credits (line
399 of Quebec tax return) are greater than your tax on taxable
income (line 431 of Quebec tax return).
If your spouse, on December 31st, 2019, is
transferring to his or her father or mother, an amount for a child
18 or over enrolled in post-secondary studies, you must reduce the
negative amount shown on line 430 of your spouse's Quebec tax
return by 20% of the amount transferred to his or her father or
mother (line 20 of your spouse's Schedule S).
ID: 20200204142415DE.xml
Webpage: KPA365-20200204142415DE.htm
