Property tax refund for forest producers - Schedule
E - Quebec
You can claim a property tax refund if you meet the following
conditions:
- During the taxation year covered by the claim, you were a
certified forest producer under the Sustainable Forest
Development Act, and held a valid certified forest producer's
certificate issued for that purpose
- You incurred eligible expenses to develop your woodlots
that:
-
- are recorded in a forest engineer's report
- total an amount greater than or equal to the amount of property
taxes assessed for the evaluation units listed in your forest
producer's certificate
For more information on this topic please visit the following
websites:
https://www.revenuquebec.ca/en/citoyen/declaration/produire/comment/aideligne/remb-solde/ligne462/point05.aspx
https://www.revenuquebec.ca/en/entreprises/impots/societes/credits/ressources-naturelles/forestier/default.aspx
https://www.revenuquebec.ca/en/citoyen/credits/taxe-fonciere/default.aspx
To claim this credit, please follow the procedure below.
1 - On the left side menu of
the " Interview " tab, select the
"Quebec tax Credits".
2 - On the right-side page, scroll down to the "Quebec line
462" group and click on
the plus "+" icon to the right
of the line "Schedule E - Refund with respect to real
estate taxes paid on woodlots (Part C)".
3 - On the page that appears, on the line "Real estate taxes
paid on woodlot", indicate the location of the lot and in the
right field on the right, enter the taxes that were paid.
4 - Complete the other fields.
5 - On the line for "Unused portion of eligible
expenses", enter the expenses that you have not previously
claimed.
6 - If you have multiple woodlots, repeat the above steps for
each woodlot.
Note: If the taxpayer was entitled to a property
tax refund for the taxation year in which the expenses were
incurred, this taxpayer can carry the eligible development expenses
incurred in that year forward over the next ten years.
If the taxpayer was not entitled to a refund for the year in
which the expenses were incurred, this taxpayer can carry those
expenses forward over the next two years only.
ID: 20211019172446CA.xml
Webpage: KPA365-20211019172446CA.htm
