460 – Tax shield
The tax shield is based on your conjugal status and family income. You may be entitled to it for 2022 if you were resident in Québec on December 31, 2022, and you (or your spouse, if applicable) are entitled to the tax credit for childcare expenses, the work premium or the adapted work premium. You must, however, meet the requirements below.
- If you did not have a spouse on December 31, 2022:
- your net income for the year (line 275 of your 2022 income tax return) is greater than that reported in your 2021 income tax return; and
- your eligible work income for 2022 is greater than that for 2021 (based on your income tax returns for each of those years).
- If you had a spouse on December 31, 2022:
- your net family income (the total of the amounts on line 275 of your and your spouse's 2022 income tax returns) is greater than that for 2021; and
- your or your spouse's eligible work income for 2022 is greater than that for 2021 (based on your income tax returns for each of those years).
Claiming the tax shield
If you would like to receive the tax shield, check box 99 in Schedule C or box 5 in Schedule P. We will calculate the amount to which you are entitled.
If you would rather calculate the amount yourself, complete form TP-1029.BF-V, Tax Shield. Do not enclose the form with your return, but keep it for your files.
Splitting the tax credit
If you and your spouse on December 31, 2022, want to split the tax shield, complete form TP-1029.BF-V to calculate the amount each of you will receive.
You may be entitled to the tax shield even if your income is too high to claim any of the tax credits respecting the work premium in 2022. Complete Schedule P and file it with your return.