Schedule E

This part is to be completed if you are making a tax adjustment for a single payment or if you are claiming a foreign tax credit or a tax credit for the beneficiary of a designated trust

This flows automatically from Line 401 of TP1 return

You can enter a tax adjustment for the portion accrued to December 31, 1971, of a single payment received in 2016 under a pension plan or a deferred profit-sharing plan. The required data is to be entered in the worksheet for Line 402 below Schedule E. To determine the income tax payable on such income, contact revenue Quebec

This flows automatically from Line 399 of TP1 return

You can claim a foreign tax credit on your business or non-business income if you meet both of the following conditions:

• You were resident in Québec on December 31, 2016, or on the date you ceased to reside in Canada in 2016.

• You paid, on the income in question, income tax to the government of a foreign country or of a political subdivision of a foreign country, or you paid a similar contribution to certain international organizations. To calculate the amount of your credit, complete form TP-772-V, Foreign Tax Credit. ( Type Foreign Qc on search box)

You may be entitled to this tax credit if you are the designated beneficiary of a designated trust and you are including in your income the amounts from lines 15 and 16 of the Information Return of the Beneficiary of a Designated Trust (form TP-671.9-V). To claim the credit, enter the amount from line 25 of form TP-671.9-V to line 411 of your schedule E

The total of tax adjustment and credit automatically calculated in Part A is transferred to Line 413 of TP1 return.

Part B is automatically calculated based on information from Line 430 and 431 of TP1 return, alternate minimum tax from TP-776.42-V and logging tax credit deduction from Logging Tax credit sheet.

If, in 2016, you were a certified forest producer under the Sustainable Forest Development Act, were actively engaged in developing your woodlots and held a valid forest producer’s certificate issued for that purpose, you can claim a refund for each assessment unit listed on your certificate whose entire area is used for forestry purposes by completing Part C of Schedule E. The amount of the expenses must be equal to or greater than the amount of property taxes that can be refunded, which means there must be positive value in line 30. In Schedule E the first instance can be entered and for second instance the data can be entered in worksheet below schedule E for part C. For more information please refer page 88 point 5 of the guide.

Line 21 - Total eligible development expenses for 2016 for all your assessment units (according to a forest engineer’s report)

Line 24 - Total of the amounts on line 30 for assessment units for which you have already done a calculation and are entitled to a refund –

Line 32 - Total of the amounts on line 30 for all assessment units for which you are entitled to a refund

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Schedule E - Tax Adjustments and Credits (Rama please add French for entire page)