What are the credits available to seniors living in Québec?
The most common ones are the GST credit and the QST credit. The GST credit comes from the federal government. To receive it, you must file an income tax return and request it at the beginning of the return. The QST credit is included in the Solidarity Tax Credit. To receive it, you must be registered for direct deposit. Please contact Revenu Québec if you need more information.
What are the other deductions for seniors?
The Property Tax refund is also part of the Solidarity Tax Credit. It is designed to help seniors pay the property taxes of an eligible home when they are too high for your income. Finally, the Credit for individuals living in Northern villages is now also part of the Solidarity Tax Credit.
Seniors who register in recreational, physical activity, artistic or cultural programs may be eligible for the new Tax Credit for Seniors’ Activities.
The Age Amount is for Quebecers who were 65 and older on December 31, 2014. Both spouses can claim the amount.
Certain seniors may also be eligible for the Amount for Retirement Income.
Income tax deductions on RRQ benefits: This one is not really a credit. If you receive a pension from the Régie des rentes du Québec, you have to pay income tax on that amount. You can request that income tax deductions be taken off your cheque every month so you don’t have to pay the income tax it all at once. Contact the Régie des rentes du Québec for more information or to apply for the service.
The tax credit for home-support services for seniors is offered to residents of Québec who are 70 and older. It helps seniors remain in their homes longer while they benefit from eligible home-support services. You can claim it on Schedule J of the TP1 tax form.
People who made improvements to their home to continue living in their place of residence or who stay in a functional rehabilitation transition unit may be entitled to the Independent Living Tax Credit for Seniors.
The tax credit for medical expenses is available to Québec residents. It is a non-refundable tax credit, meaning that it reduces the income tax you have to pay but it is not available in cash. You claim your expenses on line 381 of the TP1. If you have eligible medical expenses that total more than 3% of your family income, you may qualify for a refundable tax credit in addition to the Tax credit for medical expenses. You would claim this credit on line 462 of the TP1.