Context
In 2015, the Québec Government decided to offer seniors a grant to help offset significant municipal tax increases. The aim of the grant is to help financially taxpayers who are affected by a significant increase in the value of their residence. As of January 1, 2016, municipalities must inform owners of a residential assessment unit consisting of only one dwelling, that they may be eligible for a potential grant. This grant is given if there is a large increase in the value of a residence.
How will the grant be established?
Subject to exceptions, the amount of the grant will stay the same for all the subsequent years of the 2023-2025 Property Assessment Roll. Exceptions may be due to the variation of the value of the property during the Roll.
For more information about the grant, see the instructions given on form TP-1029.TM-V (2019-11), Grant for Seniors to Offset a Municipal Tax Increase.
Revenu Québec – Financial Aid
- The request for the potential grant and the validation of the qualifying conditions will be done by the residential owners when they will produce their Income Taxes.
- The financial aid will be a credit to record on line 462, if applicable, of the provincial Income Taxes returns.
- For more information, please contact client services at Revenu Québec.
- 1-418-659-6299 (Québec area);
- 1-514-864-6299 (Montréal area);
- 1-800-267-6299 (free of charge).
- www.revenuquebec.ca
