Tax Credit for Career Extension
Beginning in the 2025 taxation year, individuals aged 60 to 64 are not eligible for the tax credit for career extension. Only individuals aged 65 or over on December 31 will be eligible.
For more information, see information bulletin 2024-9 (PDF – 326 KB) on the Ministère des Finances website.
The tax credit for career extension is a non-refundable tax credit created to encourage experienced workers 60 or over to continue working or rejoin the workforce. It reduces the income tax payable on part of your eligible work income.
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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.
Eligibility requirements
To be eligible, you must be:
- resident in Québec on December 31
- 60 or over on December 31
Maximum tax credit
The maximum tax credit is:
- $1,400 if you were between 60 and 64 on December 31, 2024
- $1,540 if you were 65 or over on December 31, 2024
The credit is reduced on the basis of your eligible work income. If your eligible work income for 2024 was over $40,925, 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 $560 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, 2024 | Maximum tax credit | Minimum eligible work income | Maximum eligible work income | Reduction threshold |
|---|---|---|---|---|
| 60 to 64 | $1,400 | $5,000 | $68,925 | $40,925 |
| 65 or over | $1,540 | $5,000 | $71,725 | $40,925 |
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).