As a resident of Québec, Schedule E allows you to make tax adjustments and claim certain tax credits such as the:
- Tax adjustment for single payment
- Foreign tax credit
- Tax credit for the beneficiary of a designated trust
- Alternative minimum tax
- Alternative minimum tax carry-over
- Deduction for logging tax
- Property tax refund for forest producers
Note: H&R Block’s tax software automatically calculates certain parts of your Schedule E based on the information you’ve entered elsewhere in the software. These include your Tax adjustment for single payment, Foreign tax credit, Alternative minimum tax, and Alternative minimum tax carry-over.
If you’re the beneficiary of a designated trust, you might be eligible to claim a non-refundable tax credit. You’ll need to complete TP-671.9-V: Information Return of the Beneficiary of a Designated Trust form to calculate the amount you’re entitled to. If you’re including amounts from lines 15 and 16 of the TP-671.9-V to your income, enter the amount shown on line 25 of the form into the relevant section of your Schedule E page in H&R Block's tax software.
Note: the TP-671.9-V form isn’t available in H&R Block’s tax software. You’ll need to download and complete the form from Revenu Québec’s website, and enter the relevant amounts on the Schedule E page. You don’t need to enclose the TP-671.9-V form with your return when you NETFILE, however, be sure to keep it on file in case Revenu Québec asks to see it later.
If you have logging operations in Québec, you can deduct one third of the logging tax you paid when you filed your TPZ-1179-V: Logging Operations Return. In order to claim this deduction, you’ll need to enter your logging income for the year, the logging tax you paid, and any unused logging tax credit from previous years into the relevant section of your Schedule E.
Note: The TPZ-1179-V isn’t available in H&R Block’s tax software. You’ll need to download and complete the form from Revenu Québec’s website. You don’t need to enclose the TPZ-1179-V form with your return when you NETFILE, however, be sure to keep it on file in case Revenu Québec asks to see it later.
As a certified forest producer under the Sustainable Forest Development Act who’s actively engaged in developing your woodlots, you can claim a refund for every assessment unit listed on your valid certificate.
The portion of the unit made up of the forest area must be registered with the Ministère de l’Énergie et des Ressources naturelles. You’ll also need a report from a forest engineer listing your eligible development expenses. These can be carried forward ten years, or claimed in any of the next ten years, as long as your expenses weren’t less than your refundable property taxes. If you didn’t get a property tax refund, you can carry them forward over five years if the expenses were from before December 31, 2013.
Note: The value of your land and the total value of your units are stated on the assessment roll in effect for the fiscal period of a municipality or school board.
Where can I claim these credits?
Follow these steps in H&R Block’s 2018 tax software:
Before you begin, make sure that you told us that you lived in Québec on December 31, 2018.
- Under the PREPARE tab, click the OTHER icon. You'll find yourself here:
- Under the SPECIFIC CREDITS FOR YOUR PROVINCE heading, click the checkbox labelled Tax adjustments and credits (Schedule E) then click Continue.
- When you arrive at the page for Tax adjustments and credits, enter your information into the tax software.