ARCHIVED CD 2006-037
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December 13, 2006
SUBJECT: Quebec Personal Tax Credits and Deductions -- 2007 Taxation Year
1. PURPOSE
1.1 The purpose of this directive is to provide information concerning Quebec personal tax credits and deductions for the 2007 taxation year.
1.2 A notice of information to employees concerning the above has been included with this Compensation Directive and will also be posted in the "Who are you? - Public Service Employee" page of the Compensation Sector Web site.
2. POLICY
2.1 The "ministère du Revenu du Québec" (MRQ) has announced changes to the personal tax credit and deduction amounts for the 2007 taxation year. The Source Deductions Return 2007, form TP-1015.3-V (2007-01), includes the changes to the following tax credits and deduction amounts.
2.1.1. Basic Amount
The basic amount will be increased from $9,555 to $9,750.
2.1.2. Amount Transferred from One Spouse to the Other
The amount transferred from one spouse to the other will be increased from $9,555 to $9,750.
2.1.3 Amount for children enrolled in post-secondary studies
The basic amount for children enrolled in post-secondary studies will be increased from $2,650 to $2,705.
An additional amount for the child designated as the first dependant child will be increased from $225 to $230 only if the child is 18 years of age and over and if the individual claiming this amount does not have any children under 18 years of age.
The amount for the single-parent family will be increased from $1,435 to $1,465.
The amount for each dependant child engaged in full-time vocational training or in post-secondary studies will be increased from $1,825 to $1,860.
Employees who in the past had claimed any of the above credits are encouraged to complete a new TP-1015.3-V (2007-01) form.
2.1.4. Amount Respecting Other Dependants
The basic amount for every other dependant will be increased from $2,650 to $2,705.
Employees who in the past had claimed this credit are encouraged to complete a new TP-1015.3-V (2007-01) form.
2.1.5 Amount with Respect to Age, for a Person Living Alone or for Retirement Income
The amount for a person living alone will be increased from $1,155 to $1,180.
The reduction threshold used to calculate net family income (this income is used to calculate the amount with respect to age, for a person living alone or for retirement income) will be increased from $28,710 to $29,290.
Employees who in the past had claimed these credits are encouraged to complete a new TP-1015.3-V (2007-01) form.
2.1.6. Amount for a severe and prolonged impairment in mental or physical functions
The amount for a severe and prolonged impairment in mental or physical functions will be increased from $2,250 to $2,295.
This credit can be claimed on line 5 (previously on line 8) of the TP-1015.3-V (2007-01) form. Employees who in the past had claimed this credit are encouraged to complete a new TP-1015.3-V (2007-01) form.
3. PROCEDURES/INSTRUCTIONS
3.1 Effective January 1, 2007, the Regional Pay System (RPS) will be modified to incorporate the changes as described below. These changes will be processed automatically in the RPS to avoid a mass refiling of the new TP-1015.3-V (2007-01) form.
SITUATIONS | AMOUNT INDICATED IN THE RPS FOR 2006 |
AMOUNT INDICATED IN THE RPS AS OF JANUARY 1, 2007 |
---|---|---|
Employee who had chosen not to claim the basic amount. | $0 | $0 |
Employee who was claiming the basic amount. | $9,555 | $9,750 |
Employee who was claiming the basic amount and the amount transferred from one spouse to the other | $19,110 | $19,500 |
Employee who was claiming any amount other than the above three amounts. | Other amount | Amount will be increased by $195 |
3.2 Only the basic amount and the amount transferred from one spouse to the other will be adjusted automatically in the RPS. Any amount other than $0, $9,555 or $19,110 will be increased by $195. Employees who feel that their source deductions do not properly reflect their present situation should file a new TP-1015.3-V (2007-01) form. This form is available at the offices of the MRQ or on the Internet at the following address: TP-1015.3-V
3.3 Compensation advisors should note that the tax credit amount on line 10 of the TP-1015.3-V (2007-01) form equates to the Quebec Tax Credit Amount in the RPS. The tax exemption amount on Line 19 of the form equates to the Quebec Tax Exemption Additional Amount in the RPS.
4. INQUIRIES
4.1 Any inquiries on the information contained in this document should be addressed to your Public Works and Government Services Canada (PWGSC) Compensation Services Office.
Original Signed by
B. Fortin
Brigitte Fortin
Acting Director General
Compensation Sector
Accounting, Banking and Compensation
Reference(s): CJA 9007-8
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