Deduction for copyright - Quebec
As an artist, you may be entitled to a deduction for your income
earned from copyrights if you meet the following conditions:
* You are an artist recognized under the law;
* You are the first owner of the copyright;
* Your income earned from copyright income is less than $
60,000 for the year.
For more information, consult 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/276-to-297-taxable-income/line-297/point-16/
1. To enter the income from your copyrights, if you received
a RL- 3 with an amount entered in Box
H-2, the federal document is the T5 slip, and the amount will
be entered in box 17.
2. On the left-side menu of the "Interview" tab, select
"Interest, investment income and carrying charges".
3. On the right-hand page, click on
the plus sign "+" icon
located to the right of the line "T5 - Investment income
(RL-3)".
4. On the page that appears, enter the amounts from boxes 17 of
the T5 slips and Box H-2 of the RL- 3, online "Royalties from
Canadian sources - work or invention (eligible for Quebec deduction
on line 297) », as well as those of other boxes if
necessary.
5. To enter your deduction for copyright, in the left-side menu
on the "Interview" tab, selects "Other deductions and
credits".
6. On the screen to your right, choose "Quebec line 250 and
297 - Deduction respecting copyright income for artists".
7. On the page that appears, enter the relevant information.
The income will be entered by the program on line 10400 of the
federal return while for Quebec the amount will be entered on line
130 of the return.
The information will be carried over by the program on worksheet
297. To view this worksheet, select the tab "Tax
return" and in the left-side column choose the line
"Worksheet (Quebec)".
The program will enter the code 16 to the line 296 (if there are
several deductions on the line 297, we will have the code 99) and
the amount on line 297 of the Quebec return if applicable.
ID: 20210922175103CA.xml
Webpage: KPA365-20210922175103CA.htm
