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099356842
New Member

Inconsistency between federal income and Quebec income

1. Foreign income - summary

Plus foreign income, capital gains (stock sales); not included in RQ income

2. capital gains and capital gains deduction-summary

Calculate capital gains as required and 50% of earnings on RQ for tax purposes

3 As a result, 100% of the taxable capital gains on the federal tax return were taken into account and the income on the federal tax return did not correspond to the income in Quebec.

4. reason: the increase in foreign income-summary net foreign capital gains (sale of shares) and the data in the capital gains and capital gains deduction profiles are calculated twice. , taxable capital gains are taxed at 100% of the gain and Quebec gains are taxed at 50%. Federal and Quebec income are not matched.

How can it be resolved?