Claiming the Tax Shield
The tax shield is a refundable tax credit. If you would like to receive it, check box 99 of Schedule C or box 5 of Schedule P when you file your income tax return. We will calculate the amount you are entitled to. If you would like to see how much you could receive, complete form TP-1029.BF-V, Tax Shield.
If you complete form TP-1029.BF-V, do not enclose it with your income tax return. Do, however, keep it for your files.
For more information, see the instructions for line 460 in the Guide to the Income Tax Return (TP-1.G-V).