TP-752.PC-V: Tax credit for career extension
You can claim the Tax credit for career extension (TP-752.PC-V) if you earned eligible income (such as employment income, net business income, net amount from research grants, Wage Earner Protection Payments, and amounts received under a work-incentive program) and, if on December 31, 2024 you were:
- A resident of Québec and
- 60 years or older
The tax credit you can claim depends on your eligible income for the year and your age on December 31, 2024. The maximum amount you can claim is:
- $1,400 if you were between 60 and 64 years
- $1,540 if you were 65 years or over
Note: Any work income you earned before you turned 60 in the year is subtracted from your eligible work income that qualifies for this tax credit.
If your eligible work income for the year is more than $40,925, the tax credit is reduced by 5% of the amount that is over $40,925. However, this doesn’t apply if you were born before January 1, 1951, and the amount of your tax credit is $560 or less.
Where do I claim this?
If you’re between the ages of 61 and 64 years of age: H&R Block’s tax software will automatically calculate and apply the credit to your tax return as long as you meet the eligibility requirements.
If you turned 60 OR 65 during the year: You’ll need to enter the amount of your work income that you earned before you turned 60 or 65 in 2024 on the Special situations page under Required. This tab can be found on the left navigation menu under the Credits & deductions tab.
Once you do that, H&R Block’s tax software will automatically calculate your credit amount and apply it to your tax return, provided you’ve met the other eligibility requirements.
You’ll be able to see the amount that was claimed on the TP-752.PC-V form in your completed return.
