If you declared bankruptcy in 2023, you (or your authorized trustee in bankruptcy) may be required to file two returns:

• one for the period from January 1 to the day preceding the date of bankruptcy; and
• one for the period from the date of bankruptcy to the end of the year.

Both returns must be filed by April 30, 2024 (or June 15, 2024, if you or your spouse carried on a business).

Make sure you enter the date of bankruptcy on line 21 of the income tax return and specify which period (before or after bankruptcy) is covered by the return.

Advance payments of tax credits

Enter advance payments of the following tax credits in the return covering the period after the bankruptcy:

• the work premium;
• the tax credit for childcare expenses;
• the tax credit for home-support services for seniors;
• the tax credit for the treatment of infertility;
• the tax credit for caregivers.

Contributions and premiums payable

In each of the two returns that you must file, you must calculate the following contributions and premiums based on your income subject to the contributions and premiums for the period covered by each of the returns:

• the Québec parental insurance plan premium;
• the Québec Pension Plan (QPP) contribution on income from self-employment; and
• the contribution to the health services fund.

You may, however, elect to make your QPP contributions on income from self-employment only in the return covering the period after the bankruptcy while taking into account all your income subject to the contribution for the entire calendar year.

To make the election:

• check the box on line 21 of your income tax return for the period before the bankruptcy; and 
• enter the contribution payable on line 445 of the return for the period after the bankruptcy.

The premium payable under the Québec prescription drug insurance plan (line 447) must be calculated only in the return for the period after the bankruptcy. You must complete Schedule K as if you did not declare bankruptcy. We will calculate the amount of the premium attributable to the period after the bankruptcy.