Independent Living Tax Credit for Seniors - Line 462 - Quebec

You may be entitled to a refundable tax credit for expenses incurred by an elder to continue living independently, if you meet the following two conditions:

- You were resident in Quebec on December 31 of the taxation year, and

- You are 70 or older on December 31 of the taxation year.

This tax credit is equal to 20 % of the total of the following expenses:

- The portion of the total expenses for the purchase, lease, and installation of eligible or fixtures that exceeds $ 250.

Effective January 1, 2018, amount reduced to $ 250 previously $ 500.

 - Expenses incurred for one or more stays in a functional rehabilitation transition unit.

For more information on the independent living tax credit for seniors, please visit the following link:

https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/451-to-480-refund-or-balance-due/line-462/point-24/

 

To record your expenses in the tax year, please follow the steps below:

1- On the "Left side menu of the Interview tab", on the left-hand side of the screen, select "Medical, disability, caregiver".

2- On the right-side page, go to the group 'Disability deductions, caregiver? and on the screen to your right, choose the line "Schedule B - Independent living tax credit for seniors".

3- a. On the page that is generated, in the first section, enter the date and description of purchase or lease of equipment, or installation of eligible property, and enter the amount on the right.

   b. Answer the question "Is this expense an allowable federal medical expense? (Yes/No)" by choosing either "Yes" or "No" from the drop-down list on the right. (1)

   c. Answer the question "Is this expense an allowable Quebec medical expense? (Yes/No)" by choosing either "Yes" or "No" from the drop-down list on the right. (2)

4- You can add other articles by clicking on the plus sign "+ Add another" on the line at the bottom of the section.

5- a. In the second section, enter the date of stay in a functional rehabilitation transition unit and enter the amount on the right.

   b. Answer the question "Is this expense an allowable federal medical expense? (Yes/No)", by choosing either "Yes" or "No" from the drop-down list on the right. (1)

NOTES:
(1) If you answered "Yes" to the question, "Is this expense an allowable federal medical expense?", the program will automatically report the expense in the federal medical expense section of the tax return. You do not need to enter it again under "Medical, disability, caregiver" on the "Interview" tab.
 
(2) If you answered "Yes" to the question, "Is this expense an allowable Quebec medical expense?", the program will automatically report the expense in the Quebec medical expense section of the tax return. You do not need to enter it again under "Medical, disability, caregiver" on the "Interview" tab.

However, these costs will not be eligible for the refundable tax credit to maintain its autonomy.

For these expenses to be eligible for the refundable credit, you must answer NO to the section ''Are these expenses eligible as medical expenses in Quebec''.

The program will carry these costs over to section E of Quebec Schedule B and the refundable tax credit will be carried over by the program to line 462 of the Quebec tax returns, with code 24 displayed on line 461.

ID: 20210823112221DE.xml

Webpage: KPA365-20210823112221DE.htm

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