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2023 January Tax News

Table of Contents

    Tax deadlines and limits for the 2023 tax year (January 2023)

    January 12, 2023

    Each new tax year brings with it a listing of tax payment and filing deadlines, as well as some changes with respect to tax saving and planning strategies. Some of the more significant dates and changes for individual taxpayers for 2023 are listed below.

    RRSP deduction limit and contribution deadline

    The RRSP current year contribution limit for the 2022 tax year is $29,210. In order to make the maximum current year contribution for 2022 (for which the contribution deadline will be Wednesday March 1, 2023), it will be necessary to have earned income for the 2021 taxation year of $162,275.

    Tax-free savings account contribution limit

    The tax-free savings account (TFSA) contribution limit for 2023 is increased to $6,500. The actual amount which can be contributed by a particular individual includes both the current year limit and any carryover of uncontributed or re-contribution amounts from previous taxation years.

    Taxpayers can find out their personal 2023 TFSA contribution limit by calling the Canada Revenue Agency’s Individual Income Tax Enquiries line at 1-800-959-8281. Those who have registered for the CRA’s online tax service My Account can obtain that information by logging into My Account.

    Individual tax instalment deadlines for 2023

    Millions of individual taxpayers pay income tax by quarterly instalments, which are due on the 15th of March, June, September and December 2023.

    The actual tax instalment due dates for 2023 are as follows:

    • Wednesday March 15, 2023
    • Thursday June 15, 2023
    • Friday September 15, 2023
    • Friday December 15, 2023

    Old Age Security income clawback threshold

    For 2023, the income level above which Old Age Security (OAS) benefits are clawed back is $86,912.

    Individual tax filing and payment deadlines in 2023

    For all individual taxpayers, including those who are self-employed, the deadline for payment of any balance of 2022 taxes owed is Monday May 1, 2023.

    Taxpayers (other than the self-employed and their spouses) must file an income tax return for 2022 on or before Monday May 1, 2023.

    Self-employed taxpayers and their spouses must file a 2022 income tax return on or before Thursday June 15, 2023.

    Employment Insurance Premiums for 2023 (January 2023)

    January 12, 2023

    The Employment Insurance premium rate for 2023 is set at 1.63%.

    Yearly maximum insurable earnings are set at $61,500, making the maximum employee premium $1,002.45.

    As in previous years, employer premiums are 1.4 times the employee premium. The maximum employer premium for 2023 is therefore $1,403.43.

    Québec Pension Plan contributions for 2023 (January 2023)

    January 12, 2023

    The Québec Pension Plan contribution rate for 2023 is set at 6.40% of pensionable earnings for the year.

    Maximum pensionable earnings for the year will be $66,600, and the basic exemption is unchanged at $3,500.

    The maximum employer and employee contributions to the plan for 2023 will be $4,038.40 each.

    For more information : Retraite Québec – Québec Pension Plan (gouv.qc.ca)

    Canada Pension Plan Contributions for 2023 (January 2023)

    January 12, 2023

    The Canada Pension Plan contribution rate for 2023 is set at 5.95% of pensionable earnings for the year.

    Maximum pensionable earnings for the year will be $66,600, and the basic exemption is unchanged at $3,500.

    The maximum employer and employee contributions to the plan for 2023 will be $3,754.45 each, and the maximum self-employed contribution will be $7,508.90.

    For more information Canada Pension Plan – Overview – Canada.ca

    Federal individual tax credits for 2023 (January 2023)

    January 12, 2023

    Dollar amounts on which individual non-refundable federal tax credits for 2023 are based, and the actual tax credit claimable, will be as follows:

                                                                             Credit amount                    Tax credit

    Basic personal amount*                                            $15,000                          $2,250

    Spouse or common-law partner amount              $15,000                          $2,250

    Eligible dependant amount*                                       $15,000                         $2,250

    Age amount                                                              $8,396                           $1,259.40

    Net income threshold for erosion of age credit             $42,335

    Canada employment amount                                      $1,368                          $205.20 

    Disability amount                                                       $9,428                          $1,414.20

    Adoption expenses credit                                            $18,210                        $2,731.50

    Medical expense tax credit income threshold amount    $2,635

    *For taxpayers having net income for the year of more than $165,430, amounts claimable for the basic personal amount, the spousal amount and the eligible dependant amount for 2023 may differ

    Federal individual tax rates and brackets for 2023 (January 2023)

    January 12, 2023

    The indexing factor for federal tax credits and brackets for 2023 is 6.3%. The following federal tax rates and brackets will be in effect for individuals for the 2023 tax year.

    Income level                                     Federal tax rate

    $15,000 – $53,359                                  15.0%

    $53,360 – $106,717                                 20.5%

    $106,718 – $165,430                               26.0%

    $165,431 – $235,675                               29.0%

    Over $235,675                                         33.0%

    Canada Pension Plan retirement benefit amounts for 2023

    January 6, 2023

    The federal government has announced the amounts which may be paid as benefits under the Canada Pension Plan (CPP) during 2023. The amount of retirement benefit receivable by an individual is based on contributions made, but such benefits are also indexed to inflation. The indexing rate as of January 2023 is 6.5%.

    For 2023, the maximum monthly retirement benefit which may be received for new benefits (those starting in January 2023) is increased to $1306.57, and changes have also been made to other types of benefits payable under the CPP. 

    Details of the maximum amounts payable under the Canada Pension Plan as of January 2023 can be found in the federal government release, which is available at isp-card-jan-march-2023-en.pdf (canada.ca).

    Old Age Security benefit amounts for first quarter of 2023

    January 6, 2023

    The federal government has announced the amounts which will be paid to recipients of Old Age Security benefits for the first quarter of 2023. Such benefit amounts are indexed quarterly, based on the changes in the Consumer Price Index.

    For the January to March 2023 period, the maximum OAS benefit payable to recipients who are under the age of 75 is $687.56. Recipients who are aged 75 and older can receive a maximum monthly benefit of $756.32.

    Details of OAS and related benefits payable during the first quarter of 2023 can be found on the federal government website at isp-card-jan-march-2023-en.pdf (canada.ca).

    Prescribed interest rates for first quarter of 2023

    December 17, 2022

    The Canada Revenue Agency has announced the interest rates which will apply to amounts owed to and by the Agency for the first quarter of 2023, as well as the rates that will apply for the purpose of calculating employee and shareholder taxable benefits.

                                       Debit rate          Credit rate       Shareholder Benefits

    January 1 – March 31        8%                  4%/6%                    4%

    Additional details of interest rates charged and paid by the Canada Revenue Agency can be found on the CRA website at https://www.canada.ca/en/revenue-agency/services/tax/prescribed-interest-rates.html.

     

    About Expert Fiscaliste Tax Preparation

    Maximize your tax refund this year with Expert Fiscaliste tax services for your T1 and TP-1 2022 Income Tax Returns, call or text us at 514-954-9031 or send us a email will@expert-fiscaliste.ca or visit our web site.  In addition, we offer an important advantage with CRA and Revénu Quebec being your Authorized Representative for all taxation years.  We also provide a secure portal to securely share documents, data and reports.  Contact us now at 514-954-9031, we are accepting new 2022 clients for a limited time.

    2022 Expert Fiscaliste Office

    We have moved March 31, 2022 to:

    1250 René Lévesque Boulevard West, Suite 2200, Montreal, H3B 4W8

    https://www.google.com/maps/dir/Le+1000,+Rue+De+La+Gaucheti%C3%A8re+Ouest,+Montreal,+QC/45.4974,-73.571/@45.4979958,-73.5700778,18z/data=!3m1!4b1!4m8!4m7!1m5!1m1!1s0x4cc91a5d1e4ad471:0x2a7ae0418488f904!2m2!1d-73.5667082!2d45.4984302!1m0

    About Expert Fiscaliste

    Quebec RL-31

    Expert Fiscaliste provides income tax preparation and consulting services to individuals and businesses to obtain Maximum Tax Benefits.

    If you want to take advantage of our services for your Tax Returns Give us a call at 514-954-9031, or visit our Contact Tax

    2022 February Tax news and alerts

    Tax news and Alerts cover significant tax developments and changes in the month that affect Canadian individuals and businesses.

    Employment Insurance Premiums for 2022 (January 2022)

    The Employment Insurance premium rate for 2022 is unchanged at 1.58%.

    Yearly maximum insurable earnings are set at $60,300, making the maximum employee premium $952.74.

    As in previous years, employer premiums are 1.4 times the employee premium. The maximum employer premium for 2022 is therefore $1,333.84.

    Quebec Pension Plan contributions for 2022 (January 2022)

    The Quebec Pension Plan contribution rate for 2022 is set at 6.15% of pensionable earnings for the year.

    Maximum pensionable earnings for the year will be $64,900, and the basic exemption is unchanged at $3,500.

    The maximum employer and employee contributions to the plan for 2022 will be $3,776.10 each.

    Canada Pension Plan Contributions for 2022 (January 2022)

    The Canada Pension Plan contribution rate for 2022 is set at 5.7% of pensionable earnings for the year.

    Maximum pensionable earnings for the year will be $64,900, and the basic exemption is unchanged at $3,500.

    The maximum employer and employee contributions to the plan for 2022 will be $3,499.80 each, and the maximum self-employed contribution will be $6,999.60.

    Federal individual tax credits for 2022 (January 2022)

    Dollar amounts on which individual non-refundable federal tax credits for 2022 are based, and the actual tax credit claimable, will be as follows:

                                                                           Credit amount                        Tax credit

    Basic personal amount*                                         14,398                               2,159.70

    Spouse or common law partner amount*            14,398                              2,159.70

    Eligible dependant amount*                                   14,398                               2,159.70

    Age amount                                                           7,898                               1,184.70

    Net income threshold for erosion of age credit   39,826

    Canada employment amount                                  1,287                                 193.05

    Disability amount                                                  8,870                                1330.50

    Adoption expenses credit                                      17,131                              2,569.65

    Medical expense tax credit

    Income threshold amount                                      2,479

    *For taxpayers having net income for the year of more than $155,625, amounts claimable for the basic personal amount, the spousal amount, and the eligible dependent amount for 2022 may differ.

    Federal individual tax rates and brackets for 2022 (January 2022)

    The indexing factor for federal tax credits and brackets for 2022 is 2.4%. The following federal tax rates and brackets will be in effect for individuals for the 2022 tax year.

    Income level                                            Federal tax rate

    $14,398 – $50,197                                        15%

    $50,198 – $100,392                                     20.5%

    $100,393 – $155,625                                    26%

    $155,626 – $221,708                                    29%

    Over $221,708                                               33%

    CRA issues automobile expense deduction limits for 2022

    Some of the changes include an increase in the ceiling for capital cost allowances for passenger vehicles, from $30,000 to $34,000. Deductible leasing costs are also increased, from $800 to $900 per month, for new leases entered into. The limit on the deduction of tax-exempt allowances paid by employers to employees who use their personal vehicle for business purposes will increase by two cents per kilometre. Finally, the general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers is also increased by two cents per kilometre.

    Detailed information on the rates and limits applicable for 2022 can be found on the CRA website at https://www.canada.ca/en/department-finance/news/2021/12/government-announces-the-2022-automobile-deduction-limits-and-expense-benefit-rates-for-businesses.html.

    Access to Canada Worker Lockdown Benefit expanded

    Changes have been announced which expand the circumstances in which workers can qualify for the CWLB. Effective as of December 19, 2021 (and until February 12, 2022), the CWLB is available to workers in regions where provincial or territorial governments have introduced capacity-limiting restrictions of 50% or more for a period of at least 7 days, and which result in an income loss for the worker of at least 50%. The benefit amount remains at $300 per week. A current listing of eligible regions for purposes of the CWLB can be found on the federal government website at https://www.canada.ca/en/revenue-agency/services/benefits/worker-lockdown-benefit/cwlb-regional-lockdowns.html.

    More information on the program and the most recent changes can be found on the federal government website at https://www.canada.ca/en/department-finance/news/2021/12/temporarily-expanding-eligibility-for-the-local-lockdown-program-and-the-canada-worker-lockdown-benefit.html and https://www.canada.ca/en/department-finance/news/2021/12/government-temporarily-expands-access-to-lockdown-program-and-worker-lockdown-benefit.html.

    Old Age Security rates for first quarter of 2022

    The amount of Old Age Security (OAS) benefit paid to eligible Canadians is adjusted each quarter to take account of increases in the Consumer Price Index.

    Based on recent increases to the Consumer Price Index, the federal government has announced that, for the first quarter (January to March) of 2022, the basic OAS benefit paid will increase by 1.1%, to $642.25.

    More information on OAS and related payments during the first quarter of 2022 is available at https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html.

    Medical Expenses

    Medical Expense tax credit is a non-refundable tax credit that you can use to reduce the tax that you paid or may have to pay. If you paid for healthcare expenses, you may be able to claim them as eligible Medical Expenses on your income tax and benefit return.

    Additional information of Medical Expenses can be found on the EF website at 2021 Medical Expenses – Expert Fiscaliste (expert-fiscaliste.org)

    About Expert Fiscaliste

    Quebec RL-31

    Expert Fiscaliste provides income tax preparation and consulting services to individuals and businesses to obtain Maximum Tax Benefits.

    If you want to take advantage of our services for your Tax Returns Give us a call at 514-954-9031, or visit our Contact Tax

    2022 Seasonal Associates

    Personal Tax Preparer Position

    We are an Expert-Fiscaliste tax preparation based in Downtown Montreal, QC. Are you an experienced tax preparer and looking for seasonal work where you would be compensated well? Do you have experience with Tax Prep? If so, we’d like to have you join our team.

    Requirements:

    – You must be a seasoned tax preparer with at least 5 years of recent personal tax preparation experience who will mainly be preparing individual Business, and Rental returns,

    – Experience in preparing T2125 returns business returns, updating and preparing excel synoptics, and/or working papers,

    – Preparation of GST returns,

    – Experience in preparing T776 rental income returns, updating and preparing excel synoptics, and/or working papers,

    – Fairly fluent with computer technology (i.e. Microsoft Excel, and MS Word skills)

    – Strong verbal and written communication skills in both English and French.

    – Analytical and problem-solving skills,

    – Ability to work in teams, individually and remotely.

    – Experience using CCH Tax Prep or CCH iFirm.

    Compensation:

    Compensation is based on experience. Note that this is a contract position and that the candidate is expected to be in the office 5 days a month. There is a possibility of continuation after the tax season ends.

    Salary: Starting at $20/hr to $30/hr

    Schedule:

    Contract length: 2 months starting March 1 to April 30

    Job Types: Part-time, Contract

    7 hour shift

    Contract length: 2 months

    Expected start date: 2022-02-28

    5 days a monthly in office balance work remotely

    Experience:

    • Tax Accountants: 6 years (preferred)

    About Expert Fiscaliste

    Save Your Tax
    Call Expert Fiscaliste at 514-954-9031

    At Expert Fiscaliste let us prepare your tax returns for you. Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

    If you want to take advantage of our services.   Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

    2021 Medical Expenses

    General information

    Medical Expense tax credit is a non-refundable tax credit that you can use to reduce the tax that you paid or may have to pay. If you paid for healthcare expenses, you may be able to claim them as eligible Medical Expenses on your income tax and benefit return. These expenses include a wide range of products, procedures and services, such as:

    • medical supplies and services
    • dental care
    • travel expenses
    • Premiums paid under an insurance plan

    Generally, you can claim all amounts paid, even if they were not paid in Canada.

    You can only claim the part of an eligible Medical Expense for which you have not been or will not be reimbursed.

    Additional details of Medical Expenses can be found on the CRA website at Medical Expenses 2021 – Canada.ca

    Additional details of Medical Expenses can be found on the Revenu Quebec website at Medical Expenses 2021 – Revenu Quebec

    About Expert Fiscaliste

    Quebec RL-31

    Expert Fiscaliste provides income tax preparation and consulting services to individuals with Medical Expenses to obtain tax maximum benefits.

    If you want to take advantage of our services for your Tax Returns Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

    2021 Individual Tax

    Expert Fiscaliste 514-954-9031 or will@expert-fiscaliste.ca

    At Expert Fiscaliste let us prepare your tax returns for you.  Our tax experts help you get every tax refund you deserve because we know how hard you work.  This means that we work for you to make sure you get all the deductions and tax credits you are entitled to and offer you year-round tax advice.  Rapidity changing and increasingly complex tax legislation means that experienced personal tax return preparation is essential for all individuals.

    Expert Fiscaliste 514-954-9031 or will@expert-fiscaliste.ca

    Expert Fiscaliste will support you throughout the year as your authorized representative if you are audited or asked questions by government authorities or interested in tax planning.  If you would like to know what’s new for individuals.

    About Expert Fiscaliste

    Save Your Tax
    Call Expert Fiscaliste at 514-954-9031

    At Expert Fiscaliste let us prepare your tax returns for you. Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

    If you want to take advantage of our services.   Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

    2022 January Tax news and alerts

    Tax news and Alerts cover significant tax developments and changes in the month that affect Canadian individuals and businesses.

    Prescribed interest rates for 2022

    The Canada Revenue Agency (CRA) has announced the interest rates which will apply to amounts owed to and by the CRA for the first quarter of 2022, as well as the rates that will apply for the purpose of calculating employee and shareholder taxable benefits.

                                                 Debit rate          Credit rate       Shareholder Benefits

    January 1 – March 31                  5%                1% / 3%                     1%

    Additional details of interest rates charged and paid by the CRA can be found on the CRA website at https://www.canada.ca/en/revenue-agency/services/tax/prescribed-interest-rates.html.

    Canada Revenue Agency issues TD1 Form for 2022

    The Canada Revenue Agency (CRA) has issued the TD1 form to be used by all Canadian resident employees for the 2022 tax year. On the TD1 form, the employee indicates the federal personal tax credit amounts for which he or she is eligible in 2022, and the information is then used by the employer to determine the amount of federal income tax to be deducted and remitted to the CRA on the employee’s behalf.

    The federal TD1 form for 2022 can be found on the CRA website at https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later.html.

    Small Business Air Quality Improvement Tax Credit introduced

    As part of the Economic and Fiscal Update, the federal government announced that smal

    l businesses would be provided with a refundable Small Businesses Air Quality Improvement Tax Credit. That credit, which is available for eligible expenditures made between September 1, 2021 and December 31, 2022, is equal to 25% of such expenditures.

    For purposes of the credit, eligible expenditures include those related to the purchase or upgrade of mechanical heating, ventilation, and air conditioning (HVAC) systems and the purchase of standalone devices designed to filter air using high efficiency particulate air (HEPA) filters, up to a maximum of $10,000 per location and $50,000 in total.

    More information on the new credit can be found in Economic and Fiscal Update papers, which are available on the Finance Canada website at EFU-MEB-2021-EN.pdf (budget.gc.ca).

    Changes to home office expense deduction extended through 2022

    As part of pandemic relief measures, changes were made to the existing home office expense deduction for employees. Those changes, which were for the 2020 tax year only, allowed employees to use a flat rate method for home office expense deduction claims, eliminating the need to make or provide detailed calculations of eligible expenses incurred.

    As part of the Economic and Fiscal Update delivered on December 14, it was announced those changes to the rules governing the home office expense deduction would be extended through the 2021 and 2022 tax years and that the flat rate deduction would be increased to $500.

    The announcement of the extension can be found in the Economic and Fiscal Update papers, which are available on the Finance Canada website at EFU-MEB-2021-EN.pdf (budget.gc.ca). Detailed information on the home office expense deduction for employees can be found on the Canada Revenue Agency website at Expenses you can claim – Home office expenses for employees – Canada.ca.

    Economic and Fiscal Update to be delivered on December 14, 2021

    The 2021 Economic and Fiscal Update will be delivered by the Minister of Finance on Tuesday, December 14 at around 4 p.m.

    The update is expected to include information on the current state of the Canadian economy, as well as updated revenue, expenditure, and deficit projections for the current (2021-22) fiscal year.

    Once the Update is released, the Economic and Fiscal Update papers will be available on the Finance Canada website at Fiscal Updates – Canada.ca.

    Prescribed interest leasing rate for January 2022

    The prescribed leasing interest rate mandated by the Canada Revenue Agency (CRA) must be calculated using bond yield information found on the Bank of Canada website. That calculation shows that the prescribed interest leasing rate for the month of January 2022 will be 3.03%.

    The CRA’s instructions on how to calculate the prescribed leasing interest rate, which includes a link to the necessary bond yield information can be found at How to calculate Prescribed Interest Rates for Leasing Rules – Canada.ca.

    About Expert Fiscaliste

    Quebec RL-31

    Expert Fiscaliste provides income tax preparation and consulting services to individuals, businesses, with real estate residential operations in Quebec.

    If you want to take advantage of our services for your Tax Returns Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

    2022 Tax Specialists or Partners

    2019 Seasonal Associates
    Call Expert Fiscaliste at 514-954-9031

    We are looking for tax specialists or partners with a few or more years of experience to join our great team and serve a clientele of individuals and businesses located in Canada, US and Europe.

    We offer a flexiable work solutions and locations using our cloud based platform. Existing self-employed specialists are also welcome as partners. Support for Complex tax issues, international taxation, and training will be provided.

    Responsibilities

    1. Proactively seek out and find new clients
    2. Answer Expert Fiscaliste customer phone calls and delivering a professional, personalized client service experience every time
    3. Demonstrate empathy toward clients, empowering and partnering with them to help them complete their taxes
    4. Successfully troubleshoot, resolve issues and answer complex tax questions using our defined practices, procedures and company policies
    5. Document customer interactions
    6. Remotely prepare tax returns and assist clients filing tax returns

    Qualifications

    1. Extensive experience preparing a variety of federal and provincial returns for individuals, including student, pension, self-employed, rental property, investments and foreign income.
    2. Must have prepared a minimum of 25 personal tax return prepared per year over the last three years
    3. In depth knowledge of CCH products
    4. In depth knowledge of tax laws and tax concepts, solid critical thinking and problem solving skills
    5. Excellent verbal communications in English and French
    6. Excellent written communication skills including spelling and proper use of grammar
    7. Strong understanding of computers and software

    Discover what it’s like to be a part of an amazing team of tax advisors, making a daily difference in the lives of Expert Fiscaliste clients all across Canada.

    About Expert Fiscaliste

    Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

    2021 Federal government to provide interest relief on pandemic benefit tax debt

    The Canada Revenue Agency (CRA) has announced that targeted interest relief will be provided to Canadians who received pandemic income support benefits during 2020. Specifically, qualifying individuals will not be required to pay interest on any outstanding income tax debt for the 2020 tax year until April 30, 2022.

    To qualify for such interest relief, which will be applied automatically by the CRA, individuals must have had a total taxable income of $75,000 or less in 2020 and have received income support in 2020 through one or more of these COVID-19 measures:

    • the Canada Emergency Response Benefit (CERB);
    • the Canada Emergency Student Benefit (CESB);
    • the Canada Recovery Benefit (CRB);
    • the Canada Recovery Caregiving Benefit (CRCB); 
    • the Canada Recovery Sickness Benefit (CRSB); 
    • Employment Insurance benefits; or 
    • similar provincial emergency benefits.

    More detailed information on the interest relief program can be found on the CRA website at https://www.canada.ca/en/revenue-agency/news/2021/02/government-of-canada-announces-targeted-interest-relief-on-2020-income-tax-debt-for-low–and-middle-income-canadians.html.

    About Expert Fiscaliste

    Quebec RL-31

    Expert Fiscaliste provides income tax preparation and consulting services to individuals, businesses, with real estate residential operations in Quebec.

    If you want to take advantage of our services for your Tax Returns Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

    2020 RL-31 SLIP

    TAX OBLIGATIONS

    Are you a landlord of an eligible dwelling for which rent was paid or payable on December 31, 2020. You must file an RL-31 slip and give a copy to your tenants.

    The RL-31 slip is used to report information about leased dwellings on December 31, 2020.

    RL-31 slips must be filed and distributed no later than February 28, 2020.

    Filing

    You can file RL-31 slips for the 2020 taxation year using the service for preparing and viewing the RL-31 slip (available for the 2019 taxation year as of December 1).

    If you filed RL-31 electronically for 2019, you can use the same information to file the slips for 2020.

    You can also file your RL-31 slips:

    1. using authorized software you purchased;
    2. using software you developed (provided it meets our requirements); or
    3. on paper (if you have to file on paper, contact us).

    For more information about filing the RL-31 slip, click Filing RL Slips and Summaries. You can also refer to the Guide to Filing the RL-31 Slip: Information About a Leased Dwelling (RL-31.G-V) or the RL-31 Slip Helpsheet (RL-31.G.A-V).

    COMPONENTS OF THE SOLIDARITY TAX CREDIT

    The solidarity tax credit has three components:

    1. the housing component
    2. the QST component
    3. the component for individuals living in northern villages

    You may be entitled to the credit even if you are not eligible for all three components. For example, you can claim the credit even if you lived in a dwelling that is not eligible, such as a dwelling in low-rental housing (HLM), on December 31, 2020. In such a case, they will take into account only the QST component and, if applicable, the component for individuals living in a northern village.

    About Expert Fiscaliste

    Quebec RL-31

    Expert Fiscaliste provides income tax preparation and consulting services to individuals, businesses, with real estate residential operations in Quebec.

    If you want to take advantage of our services for your Tax Returns Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

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