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1 |
PURPOSE |
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1.1 |
The purpose of this directive is to provide information
concerning Quebec personal tax credits and deductions for the 2006 taxation
year. |
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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.
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2 |
POLICY |
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2.1 |
The "ministère
du Revenu du Québec" (MRQ) has announced changes to the personal
tax credit and deduction amounts for the 2006 taxation year. The Source
Deductions Return 2006, form TP-1015.3-V (2006-01), includes the changes
to the following tax credits and deduction amounts. |
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2.1.1 |
Basic Amount |
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The basic amount
will be increased to $9,555 from $9,330. |
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2.1.2 |
Amount Transferred
from One Spouse to the Other |
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The amount transferred
from one spouse to the other will be increased to $9,555 from $9,330. |
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2.1.3 |
Amount for children enrolled in post-secondary
studies |
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The basic amount for children enrolled in post-secondary
studies (formerly the amount respecting dependant children 18 years of
age and over who are full-time students) will increase to $2,650 from $2,585. |
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An additional amount for the child designated
as the first dependant child will increase to $225 from $220 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. |
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The amount for the single-parent family will
be increased to $1,435 from $1,400. |
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The amount for each dependant child engaged
in full-time vocational training or in post-secondary studies will be increased
to $1,825 from $1,780. |
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Employees who in the past had claimed any of
the above credits are encouraged to complete a new TP-1015.3-V (2006-01)
form. |
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2.1.4 |
Amount Respecting Other Dependants |
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The basic amount for every other dependant
will be increased to $2,650 from $2,585. |
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The amount for a dependant with a physical
or mental infirmity has been removed from the TP-1015.3-V (2006-01) form
and has been replaced by a new refundable tax credit for caregivers of
adults. The new tax credit will be incorporated into the income tax return. |
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Employees who in the past had claimed these
credits are encouraged to complete a new TP-1015.3-V (2006-01) form. |
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2.1.5 |
Amount with Respect to Age, for a Person
Living Alone or for Retirement Income |
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The amount for a person living alone will be
increased to $1,155 from $1,130. |
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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
to $28,710 from $28,030. |
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Employees who in the past had claimed these
credits are encouraged to complete a new TP-1015.3-V (2006-01) form. |
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2.1.6 |
Amount for a severe and prolonged impairment
in mental or physical functions |
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The amount for a severe and prolonged impairment
in mental or physical functions (formerly the amount respecting a severe
and prolonged mental or physical impairment) will be increased to $2,250
from $2,200. |
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Employees who in the past had claimed this
credit are encouraged to complete a new TP-1015.3-V (2006-01) form.
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3 |
PROCEDURES/INSTRUCTIONS |
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3.1 |
Effective January 1, 2006, 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 (2006-01) form. |
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SITUATIONS |
AMOUNT INDICATED
IN THE RPS
FOR 2005 |
AMOUNT INDICATED
IN THE RPS
AS OF JANUARY 1, 2006 |
| Employee who had chosen not to claim
the basic amount. |
$0 |
$0 |
| Employee who was claiming the basic amount. |
$9,330
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$9,555 |
| Employee who was claiming the basic amount
and the amount transferred from one spouse to the other |
$18,660 |
$19,110 |
| Employee who was claiming any amount
other than the above three amounts. |
Other amount |
Amount will be increased by $225 |
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3.2
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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, $9,330 or
$18,660 will be increased by $225. Employees who feel that their source
deductions do not properly reflect their present situation should file
a new TP-1015.3-V (2006-01) form. This form is available at the offices
of the MRQ or on the Internet at the following address:http://www.revenu.gouv.qc.ca/documents/eng/
formulaires/tp/tp-1015.3-v(2006-01).pdf |
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3.3 |
Compensation advisors
should note that the tax credit amount on line 10 of the TP-1015.3-V
(2006-01) 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.
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4 |
INQUIRIES |
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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.
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