News in Brief

A look at news, facts and figures shaping the world of payroll professionals
|Canadian Payroll Reporter|Last Updated: 03/30/2017

Quebec backtracks on eligibility age for tax credit

› QUEBEC CITY  The eligibility age for claiming a tax credit in Quebec for age, living alone and retirement income is going back to being 65 years, the Quebec Finance Ministry recently announced.

Employees may claim the tax credit on a Source Deductions Return (TP-1015.3-V). Until 2016, the minimum age for claiming the credit was 65 years. In 2015, the provincial government said it would gradually raise the age from 65 to 70 between 2016 and 2020, with it increasing to 66 in 2016, 67 in 2017, 68 in 2018, 69 in 2019, and 70 in 2020.