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Tax Credit for Career Extension - line 391


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Quebec has completely modified the credit on line 391, renaming it "Tax Credit for Career Extension" and setting the maximum tax credit amount at $1,500 if you were 60, but less than 65, or at $1,650 if you were 65 or older, as of December 31 of the tax year.

Credit reduction for career extension based on income:

The maximum value of the tax credit will be reduced by 5% for each additional dollar of work income exceeding $34,610, this amount being indexed each year.

However, for those born before January 1, 1951, your credit is guaranteed up to $600.

Note that you are not eligible for the Career Extension Tax Credit if the amount if your qualifying income is $5,000 or less.

To qualify for this credit, you must meet the following three (3) conditions.

* You were resident in Quebec on December 31 of the tax year;

* You were 60 years of age or older on December 31 of the tax year.

* You report for the taxation year one of the following eligible work incomes:

* Employment income,

* Income from an active business,

* A net amount of research grants,

* Amounts received as part of a work incentive program.

For more information, please consult 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/350-to-3981-non-refundable-tax-credits/line-391/

The credit will be calculated automatically if you qualify for the program.

However, if you turned 60 during the year, the work income you earned before you reached that age does not constitute eligible work income.

Do not include income earned before age 60, the program will not calculate your work income earned before age 60, you must calculate it manually.

Also, if you turned 65 in the tax year, you must report income earned before age 65 because the credit is changed after age 65.

For those who turned 65 in the tax year, you must manually calculate the income earned before age 65.

If you were 60 or 65 during the year, please follow these steps:

1. On the "Left-side menu on the Interview tab", select the "Quebec tax credits" heading.

2. On the screen to your right, click on the plus sign "+" icon located on the right of the line "Quebec line 391 - Income you earned before turning 60 or 65».

3. On the page entitled "Quebec line 391 - Income you earned before your birthday", enter the amount on the line "Amount of income earned before turning 60 or 65".

The program will calculate the tax credit to which you are entitled and report it on line 391 of the Quebec return.

You can verify the worksheet on line 391 to see if everything is correct. To consult this grid 391, go to the "Left-side menu on the Tax Return tab" and select the line "Worksheet (Quebec) p2" which is located towards the center of the menu.

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