Tax Credit for Career Extension

The tax credit for career extension is a non-refundable tax credit created to encourage workers age 60 or over to continue working or rejoin the workforce. It reduces the income tax payable on the part of your eligible work income that exceeds $5,000.

Tool

If you are a retiree thinking about rejoining the workforce, you can use the Work Income Kept on Retirement calculator on the Ministère des Finances website to help you make an informed decision.

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Eligibility requirements

To be eligible, you must be:

  • resident in Québec on December 31, 2021
  • 60 or over on December 31, 2021

Information about the credit

The maximum tax credit is the least of the following:

  • 15% of the part of your eligible work income that exceeds $5,000
  • $1,500 if you were between 60 and 64 on December 31, 2021
  • $1,650 if you were 65 or over on December 31, 2021

The credit is reduced on the basis of your eligible work income. If your eligible work income for 2021 was over $35,650, the credit is reduced by 5% of the excess income. However, there is no reduction if you were born before January 1, 1951, and your credit is $600 or less.

Overview

The table below shows the maximum tax credit based on your age on December 31.

You are not eligible for the credit if your work income is equal to or greater than the applicable maximum.

Age on December 31, 2021 Maximum tax credit Minimum eligible work income Maximum eligible work income Reduction threshold
60 to 64 $1,500 $5,000 $65,650 $35,650
65 or over $1,650 $5,000 $68,650 $35,650

Claiming the credit

To claim the credit, complete form TP-752.PC-V, Tax Credit for Career Extension, and enter the result on line 391 of your income tax return (be sure to enclose the form).

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