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
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?
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
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?
@bibite26The 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.
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