IMPORTANT: Unfortunately, you can't claim this tax credit anymore. It has been eliminated for 2016 and subsequent tax years. However, if you’re preparing your return for 2015 or earlier, you can still claim the credit for those years.
Form TP-1129-V is used to make an election for special tax relief where you previously elected to defer the taxation of a taxable benefit that you received from exercising a security option.
To make the election for special tax relief for a taxation year after 2010 but before 2016 where you sold such securities, this form must be filed before the filing due date for your income tax return for the year covered by the election.
Am I eligible?
Revenu Québec says…
If you have to pay any of the special taxes listed below, enter the amount that you are required to pay on line 443. In box 442, enter the number from the list below that corresponds to the special tax in question. If you are required to pay more than one special tax, enter the total amount on line 443 and the number “55” in box 442.
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01 |
Special tax related to the Québec education savings incentive (QESI) |
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02 |
Special tax related to a registered education savings plan (RESP) |
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03 |
Special tax related to the non-purchase of replacement shares in a labour-sponsored fund |
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04 |
Special tax on split income of a child |
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05 |
Special tax on amounts from an income-averaging annuity for artists |
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06 |
Other special taxes |
Enter on line 443 of your return any other special taxes that you must pay and that are not listed above (only the most common special taxes are listed). Other special taxes include the following:
- the special tax relating to the tax credit for an on-the-job training period
- the special tax relating to the tax credit for the reporting of tips
- the special tax relating to the election for special tax relief related to the deferred taxation of security option benefits (to calculate this special tax, complete form TP-1129-V , Election for Special Tax Relief Related to the Deferred Taxation of Security Option Benefits)
- the special tax on an excess amount from a profit-sharing plan (to calculate this special tax, complete form TP-1129.RI-V, Special Tax on an Excess Amount Received Under a Profit-Sharing Plan)
Where do I claim this?
Important: Before you begin, make sure you tell us that you lived in QUÉBEC on December 31, 2016.
Once you have confirmed your residence location, enter your TP-1129-V by following these steps:
- Under the PREPARE tab, click the LET'S TALK ABOUT 2016 icon.
- Select the checkbox I was employed.
- Click the EMPLOYMENT icon. You will find yourself here:
- Under the EXPENSES section, select the checkbox labelled Election for a special tax relief to the deferred taxation of security option benefits (TP-1129-V) and click Continue.
- When you arrive at the page for the Election for a special tax relief to the deferred taxation of security option benefits (TP-1129-V), enter your information into the tax software.
