Upgrading of Residential Waste Water Treatment
Systems - Quebec line 462
You may qualify for this refundable tax credit for
the upgrading of residential wastewater treatment
systems for the years 2017 to 2022, but you
must comply with the following conditions.
a) You were resident in Québec on December 31, 2021.
(b) You or your spouse have entered into an agreement
after March 31, 2017 with a qualified contractor to
perform the work on a qualifying home (i.e., as a rule, a home in
Quebec owned by you that constitutes your place of residence or,
under certain conditions, a year-round residential cottage that you
own and normally occupy).
The amount of credit you can claim in 2021 for a qualifying home is
20% of the eligible expenses paid after March 31, 2017 that exceeds
$2,500. The maximum tax credit is $5,500 per eligible home.
For more information, see the following link and read code
33.
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-33/
In addition, you must complete Form
TP-1029.AE, which can be found at the following link.
https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/tp-1029-ae-a-v/
It should be noted that this form will be generated by the
program.
In addition, the Contractor must provide you with a copy of
the TP-1029.AE.A form to confirm the
certificate of compliance.
We suggest that you keep this document in your files because
Revenu Québec may request that you provide it.
To claim this refundable credit, please follow these steps:
1. On the "Left-side menu of the Interview
tab", select the "Quebec crédits".
2. On the right-hand side of the screen, scroll down to the
"Quebec line 462" group and click
the plus sign "+" icon
to the right of the line for "TP-1029.AE- Tax credit for
the upgrading of residential wastewater treatment
systems".
3. In the page that appears, enter the required information.
Note that the lines followed by
a red asterisk
(*) are mandatory.
4. In the "Information about the renovated
dwelling" section answer the questions, if there is
more than one owner, go to bottom of the section, right, and click
the plus sign "+
Add Another" and enter the name of the co-owner.
5. For each of the other sections, such as "Information
about the work done", enter the relevant information. If
you want to add further information, follow the procedure outlined
in step 4.
6. If you paid fees to obtain licences, including the cost of
studies to obtain such licences, go to the "3.3 Licence
costs" section and enter the information.
7. In the "Government or non-government
assistance" section, the amount you enter will reduce the
refundable tax credit.
8. At the "Amount claimed by the other
co-owner" section, you must enter the amount of the
tax credit and not the amount of paid work. For your spouse, enter
the amount of the tax credit and the program will report it in his
file and generate form TP-1029.AE.
The program will carry over the refundable tax credit on line
462 of the Quebec return and enter code 33 on line 461.
ID: 20210928102858DE.xml
Webpage: KPA365-20210928102858DE.htm