New for 2017

Basic personal amount 

The basic personal amount has been increased from $11,550 to $14,890.

Simplified calculation of personal income tax credits 

The rates and amounts of the following tax credits have been adjusted to simplify calculations:

  • the basic personal amount (line 350);
  • the age amount, the amount for a person living alone and the amount for retirement income (line 361);
  • the amount for dependants and the amount transferred by a child 18 or over enrolled in post-secondary studies (line 367); and
  • the amount for a severe and prolonged impairment in mental or physical functions (line 376).

Tax credit for taxi drivers or taxi owners 

Taxi owners 

Beginning in 2017, you can claim the tax credit for taxi owners if you are a member of a partnership that holds one or more taxi owner's permits. Certain conditions apply.

See point 3 in the instructions for line 462.

RénoVert tax credit 

The period of eligibility for the RénoVert tax credit has been extended to March 31, 2018. This applies to all recognized work other than certain types of work related to water conservation and quality, which may entitle you to the new tax credit for the upgrading of residential waste water treatment systems.

See point 32 in the instructions for line 462.

Tax credit for the upgrading of residential waste water treatment systems 

You could be entitled to the refundable tax credit for the upgrading of residential waste water treatment systems if you or your spouse paid qualified expenditures for work done to your principal residence's waste water treatment system under a contract with a qualified contractor signed after March 31, 2017. Subject to certain conditions, expenditures related to work done on a cottage could also qualify.

See point 33 in the instructions for in the instructions for line 462.

Tax credit for the restoration of a secondary residence 

If you meet the conditions below, you could be entitled to a tax credit for the restoration of a secondary residence:

  • You (or your spouse) paid eligible expenses to restore a secondary residence that was damaged by the severe flooding that hit a number of Québec municipalities from April 5 to May 16, 2017.
  • You obtained, from the municipality where the residence is located, a certificate confirming that the subjacent land was hit by flooding that occurred in a territory covered by the Programme d'aide financière spécifique relatif aux inondations survenues du 5 avril au 16 mai 2017 (special financial assistance program for the flooding from April 5 to May 16, 2017).
  • The residence does not qualify as a principal residence under the program.

See point 34 in the instructions for line 462.

Tax credit for workers 63 or older 

The age of eligibility for the tax credit for workers has been lowered from 64 to 63. In addition, the maximum eligible work income has been increased from $6,000 to $8,000 for workers 65 or older. The maximum tax credit is $1,200.

See the instructions for line 391.

Capital gains deduction 

If, as part of the transfer of a family business, you disposed of qualified shares in a farming or fishing corporation or a small business corporation, you may be entitled to a capital gains deduction.

See the instructions for lines 139 and 292.

Tax credits for donations and gifts 

The rate of the tax credit for donations and gifts has been increased for individuals whose marginal tax rate is higher than 24%.

See the instructions for line 395.

Tax credit for home-support services for seniors 

The tax credit rate has been raised from 34% to 35% of your eligible expenses.

Tax credit for caregivers 

The tax credit that a person taking care of his or her spouse can claim has been increased from $1,000 to $1,007.

Health contribution 

The health contribution has been eliminated for all taxpayers.

Québec prescription drug insurance plan 

On July 1, 2017, the contribution rates for the Québec prescription drug insurance plan were increased. Consequently, the maximum premium has been increased from $660 to $667. However, the maximum premium payable for the entire 2017 taxation year is $663.50.

You do not have to pay a premium if any of the following situations apply to you:

  • You did not have a spouse on December 31, 2017, and the amount on line 275 of your return is $15,790 or less.
  • You had a spouse on December 31, 2017, and the amount on line 275 of your return plus the amount on line 275 of your spouse's return totals $25,600 or less.
  • You were born before January 1, 1952, and all your medications were free throughout 2017 because you received 94% or more of the Guaranteed Income Supplement (calculated without the top-up benefit).

Full indexation of the tax system 

A number of other amounts have been increased, including the following:

  • the deduction for workers (line 201);
  • the basic personal amount (line 350);
  • the income threshold at which certain tax credits are reduced;
  • the amount for a person living alone (line 20 of Schedule B);
  • the age amount (line 22 of Schedule B); and
  • the basic exemption for calculating the contribution to the health services fund (Schedule F).

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