Tax Credit for the Repayment of Benefits

You can claim a refundable tax credit if, during a given year, you repaid overpayments received in a past year under:

  • the Québec Pension Plan 
  • the Canada Pension Plan 
  • the Québec parental insurance plan
  • the Unemployment Insurance Act 
  • the Employment Insurance Act

These repaid amounts can be deducted from your income (consult the instructions for line 246 in the guide to the income tax return (TP-1.G-V)).

However, we will grant you the tax credit if, at your request, we determine that it is more advantageous for you not to deduct the repaid amounts from your income.  

For more information on the tax credit, see point 8 in the instructions for line 462 in the guide to the income tax return (TP-1.G-V).

Last Updated: