Published | Category : Income tax - individuals
Solidarity Tax Credit: Changes Ahead
There will be changes to the solidarity tax credit in 2016. The changes come as a result of the review of the terms of application of the credit that was announced in the Budget Speech of March 26, 2015.
The key changes are the following:
Calculation of the tax credit
As of January 1, 2016, the amount of the credit will depend on the individual's situation on December 31 of each year. Accordingly, for the payment period beginning July 2016, the amount of the credit will be determined based on the individual's situation on December 31, 2015.
Change in the course of the year
Since the credit will be calculated based on an individual's situation on December 31, it will no longer be necessary to notify us of a change in situation in the course of the year, except in the following cases:
- The individual dies.
- The individual is confined to a prison or similar establishment.
- The individual ceases to be resident in Québec.
Individuals who are in any of these situations immediately before the beginning of a given month will not be entitled to receive the credit payment for that month.
As of the payment period beginning in July 2016, the frequency of solidarity tax credit payments will vary based on the amount of the credit determined for the year.
|Payment frequency||Annual amount determined|
|Monthly||$800 or more|
|Quarterly (July, October, January and April)||More than $240 but less than $800|
|Annual (July)||$240 or less|
Note that payments are always made in the first five days of the month.
Proof of eligibility regarding housing
Tenants and subtenants of eligible dwellings will receive RL-31 slips from the owners of their dwellings by February 29, 2016. They will have to use the information provided on the slips to claim the solidarity tax credit on their income tax return.
To claim the solidarity tax credit on their income tax return, owners will have to provide the roll number or identification number shown on their municipal tax bills.
More information on this subject will soon be available on our website.