Labour-sponsored funds - Credit for shares
previously acquired -Quebec
To claim the unused credit of a labour-sponsored fund in Quebec,
please follow the procedure below:
1. On the "Left-side menu of the Interview
tab", select "Other information
slips".
2. On the screen to your right, choose the option that suits
you, 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. On the page that appears, for the "Period"
line, from the drop-down menu on the right, select "Amounts
paid after the 60th day of 2021".
4. Go to the last section of the page titled either
"Unclaimed FONDACTION shares from prior years" or
"Unclaimed FTQ shares from prior years", select
the first line, and enter the amount that you have not previously
claimed.
5. Given that this is simply to claim a credit that you had not
previously claimed, you do not have to enter any additional
information.
The credit for the labour-sponsored fund eligible in Quebec will
be carried over by the program to line 424 of the Quebec return,
but only if required to reduce your tax payable.
For more information about this topic, please consult the
following link:
https://www.revenuquebec.ca/en/citizens/tax-credits/tax-credit-for-a-labour-sponsored-fund/
ID: 20210927204246DE.xml
Webpage: KPA365-20210927204246DE.htm
