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sflan73
Returning Member

Quebec Instant $4000 Credit

Hi Everyone,

                      I have been using TurboTax for years and love it.  A couple of years ago I started doing my parents taxes.  Every year I do an import from the previous year to make things a bit easier.

 

  This year, when I started my parents returns it was already showing a $4000 refund for my father.  I was sure that there was an error.  I completed them thinking it would fix it but it basically stayed the same.

 

After looking through the forms I saw on Quebec TP1 line 463 there was the $4000 credit. I tried restarting just to verify I didn't accidentally enter something and right away there was the credit again.

 

Doing a quick search it seems to be a credit if they are both over 70, which they are

 

I just was hoping someone could tell me if this is ok to claim?  I would love to get them a nice refund, but I don't want them having to pay it back either.  I'm not sure if this is new? 

 

I'd just like to know if someone had experience with this and if I should file like this?  

 

If it was for me it would be one thing, but am nervous claiming for them.

 

Any help is appreciated, thanks

1 Reply

Quebec Instant $4000 Credit

You may be entitled to the refundable senior assistance tax credit if you qualify as an eligible individual and you meet at least one of the following conditions:

  • You were 70 or over on December 31, 2024.
  • Your spouse on December 31, 2024, qualifies as an eligible individual and was 70 or over on December 31, 2024.

As they are both over 70 years old. For more information please refer to Line 463 – Senior assistance tax credit

 

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