Hello, Help please , GRANT FOR SENIORS TO OFFSET MUNICIPAL TAX INCREASE...TP 1029 TM

[Reddimixer]

Hello , I am doing my mother in laws tax and she is now living in LTC (CHSLD) for just over a year, but still owns family home after the passing of her husband. Her property is in Anjou (Ville De Montreal) and when I try to answer questions in Ufile it asks for AMOUNT OF POTENTIAL GRANT shown on municipal tax receipt. I have gone through all municipal tax bills back to 2014 (and I don't believe her husband ever applied for it either)  and haven't found this info. Am I doing this correctly using amounts from previous years assessments?. Thank you.

[Geo123]

Hello,

These amounts should be entered as they appear on your municipal tax bill.

29. GRANT FOR SENIORS TO OFFSET A MUNICIPAL TAX INCREASE (LINE 462)
You may be entitled to a grant to help offset an increase in the municipal taxes payable on your residence if you meet the following conditions:

On December 31, 2022, you:
were resident in Québec,
were 65 or over, and
had owned your residence for at least 15 consecutive years (including any time your spouse owned the residence before transferring ownership to you).
Your residence is an entirely residential assessment unit consisting of only one dwelling and it serves as your principal residence.
You received (or were entitled to receive) a municipal tax bill in your name for the residence for 2023. (If you co-owned the residence, the bill may have been issued in another co-owner's name.)
Your family income for 2022 does not exceed the eligibility cap.
You must also meet at least one of the following two conditions:

The potential grant (determined using the current assessment roll) is shown on either your 2023 municipal tax bill or the document entitled Amount of the Potential Grant to Offset a Municipal Tax Increase that was issued by your municipality.
You or a co-owner of the residence received a grant in the last year covered by the previous assessment roll.
For the complete list of conditions, including the maximum eligible family income, or to calculate the amount of the grant, complete form TP-1029.TM-V, Grant for Seniors to Offset a Municipal Tax Increase. Enclose the form with your return.

https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/how-to-complete-your-income-tax-return/line-by-line-help/451-to-480-refund-or-balance-due/line-462/point-29/#:~:text=Grant for seniors to offset a municipal tax,owned the residence before transferring ownership to you).

[Paul77]

We need step by step instructions in UFile - I can't find the above table at all, Thank you

[Geo123]

Hello Paul77,

Grant for seniors to offset a municipal tax increase - Quebec line 462
For municipal taxation years 2016 and later, any senior may be eligible for a grant that is intended to partially offset the increase in municipal taxes payable on his residence.

If you are a senior, you may apply for this grant, if all the conditions below are met:

A) Your residence is an entirely residential assessment unit consisting of only one dwelling, and it serves as your principal residence.

B) You received (or were entitled to receive) a municipal tax bill in your name for the residence for 2023. If you co-owned the residence, the municipal tax bill may have been issued in the other co-owner's name.

C) On December 31, 2018, you:
 were a resident in Québec;

 were 65 or over; and

 have owned your residence for at least 15 consecutive years (note that this period can include a period during which your spouse owned the residence before transferring ownership to you).

D) Your family income for 2023(the amount on line 275 of your income tax return plus, if you had a spouse on December 31, 2023, the amount on line 275 of his or her return)  was $61,200 or less.

For more information, please visit the following link:

http://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-29/

To claim this grant, please follow these steps:

1 - In the "Left side menu on the Interview tab" select the item "Quebec credits";
2 - In the screen on your right, go to the "Quebec line 462" group and click the plus sign icon "+" to the right of the line "TP-1029.TM - Grant for seniors to offset a municipal tax increase";
3 - On the page that appears, enter all the required information.

Form TP-1029.TM will be generated under the program and the amount will be reported on line 462 of the Quebec return.