bibite26
Returning Member

Quebec stock option benefit deduction seems to be limited to 25% not 50% of the stock option benefit. Is this an error we need to override?

Line 297 of Quebec return picks up 1/2 of the Federal stock option deduction amount as opposed to an amount equal to the Federal stock option deduction
JoanneLH
Employee Tax Expert

Investors and rental owners

The security option deduction on Line 297 of the Quebec return is equal to 25% of the benefit received,  50% may be available if certain conditions are met.  You can learn more here, but you should not have to override the entry.
@bibite26 

Investors and rental owners

@bibite26 The deduction is the total of the amounts in boxes L-9, L-10, L-12 and L-13 of your RL-1 slip. It is equal to 25% of the benefit deemed received in the year (or 50% of the benefit if certain conditions are met). To learn more, see guide IN-253-V, Taxable Benefits.

 

For more information, Refer from this resource from Revenu' Quebec.