New Tax Credit Only Available by Direct Deposit - Get It Easily and
Quickly With Québec's Best-Selling Tax Software
MONTREAL, Feb. 9 /CNW Telbec/ - Many Quebec families will soon enjoy a
bigger bank balance, thanks to the new Solidarity Tax Credit created by
Revenu Québec. This annual $1.4 Billion fund, which will benefit up to
2.5 million Quebecers, combines the QST Credit, Property Tax Refund and
the Credit for Individuals Living in Northern Villages. This year's
combined credit has increased in value by $510 million. But only those
who've signed up for direct deposit will have access to the new credit.
TurboTax has been updated with step-by-step guidance to help taxpayers
maximize their Solidarity Tax Credit and easily set up direct deposit
with their financial institution.
During the March 30, 2010 Budget Speech, Mr. Raymond Bachand, Québec
Finance Minister, announced the creation of a refundable tax credit for
solidarity, "designed to protect the buying power of low and medium
income households." This new tax credit, which is still in
consultations, "will benefit 200,000 more households than the existing
tax credits and each household will receive $174 more on average per
year. It will be paid monthly starting July 2011, which will help those
households with their cash flow."
The Solidarity Tax Credit is a refundable tax credit, which means
qualifying taxpayers will receive it even if they don't owe income tax
- but they must have a bank account at a financial institution in
Québec and be registered for direct deposit with Revenu Québec. While
one million Québec residents currently use direct deposit, a full 1.7
million eligible taxpayers are still not taking advantage of the time-
and paper-saving program, and they're at risk of missing out on the
Solidarity Tax Credit.
The Solidarity Tax Credit amount does vary with changes in personal tax
situations, and it's the taxpayer's responsibility to advise Revenu
Québec of changes in their tax situation that could impact the amount
of the tax credit they are entitled to, and to do so before the end of
the month following the date the change takes place.
TurboTax Helps Québec Residents Get Their Share
TurboTax, Québec's best selling tax preparation software for more than a
decade, makes it easy for Quebecers to register and get their
Solidarity Tax Credit payments. TurboTax lets users know whether or not
they`re eligible for the Solidarity Tax Credit, does all the
calculations, and shows them how much they're entitled to receive.
"TurboTax guides users step-by-step through their return, identifies
every possible deduction they're entitled to, and has expert help
available at every point in the process," said Stone de Souza, Senior
Marketing Manager at Intuit in Montreal. "Plus the new GPS-like
guidance in TurboTax literally maps out a customer`s return from start
to finish, so even new users will always be confident they're
maximizing their full refund as they claim their Solidarity Tax
Quebecers can try TurboTax Online for free and see how easy it is to claim the Solidarity Tax Credit, and
register for direct deposit They only pay when they`re completely
satisfied, and ready to file.
Visit us for more information:
About Intuit Canada
Intuit Canada ULC is a leading provider of business, financial and tax
management solutions for small- and mid-sized businesses, consumers and
accounting professionals. Its flagship products and services, including
Quicken®, QuickBooks®, QuickBooks® Enterprise Solutions, SuccèsPME,
TurboTax, and TurboTaxMC, simplify personal finance, business
accounting, and tax preparation and filing. Additional offerings
include ProFile®, a professional tax preparation software suite, the
QuickBooks ProAdvisor Program and the Intuit Developer Network for
professional users and developers. All are provided by Intuit Canada or
through its partners.
Intuit Canada has employees located in Edmonton, Mississauga, Calgary,
and Montreal. Intuit Canada is an affiliate of Intuit Inc., which is
listed on the Nasdaq stock market under the symbol INTU. More
information can be found at www.intuit.ca.
SOURCE INTUIT CANADA LIMITED
For further information:
or to arrange an interview with Stone de Souza, Senior Marketing Manager for Quebec at Intuit Canada, please contact:
514-844-6665, poste 224