Adjustment of investment expenses - Quebec
First, please note that you must have investment income in order
to claim the expenses in Quebec.
To enter your investments costs carried forward, follow the
steps below:
1. On the left-side menu of the " Interview "
tab, select "Interest, Investment income and carrying
charges".
2. On the right-hand side of the screen, scroll down to
"Expenses" group and choose "Carrying charges or interest
expenses (line 22100)".
3. On the page that appears, enter the information about your
actual expenses. At the last section of this page, "Adjustment
of investment expenses and of other investment expenses carried
forward (Quebec)", if you use the program for the first time,
enter the amount for the "Adjustment - Investment expenses"
online "Unused portion of the amount of the adjustment of
investment expenses (Schedule N L.70) (Quebec only)", otherwise
the amount will be carried forward.
The program will report your financial expenses on line 231 and
the adjustment of investment expenses on line 252, if
applicable.
Schedule N will be generated by the program, and we
suggest that you verify on line 80 the amount that could be carried
forward.
For more information, 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/201-to-260-net-income/line-260/
ID: 20211001170949CA.xml
Webpage: KPA365-20211001170949CA.htm
