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My father is 70 year old and retired. I am doing his tax return and he somehow owes the provincial (QC) 720$. His only income is pension + OAS for roughly 17 000$ Why?
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Seniors and students
CPP and OAS income is taxable. So are any amounts he might take from RRSPs.
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Weirdly last year he was not taxed on it.
He was paid out a 3800 amount which then the government claimed back (due to error) which makes it to zero.
I am basically just filling OAS and T4A P (pension) for him in the province of Quebec.
I somehow remember previous year we have some deduction for his provincial with medication, is that still applicable?
Is there any way to reduce his 720 amount owed?
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Seniors and students
Yes, there is, in the Provincial section of the return. Here is a couple of other things if they qualify for - Schedule B - tax relief measure and schedule K - insurance plan https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/tp-1-v/
GRANT FOR SENIORS TO OFFSET A MUNICIPAL TAX INCREASE
https://www.revenuquebec.ca/en/citizens/tax-credits/grant-for-seniors-to-offset-a-municipal-tax-incr...
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