Revenu Québec recently released the RL-3 (Investment Income) for tax year 2024 through Revenu Québec’s Partner program, which provides early access to forms for product developers and other tax professionals. On Copy 1 of the RL-3, the revision date has been updated. On Copy 2, there are several changes related to the capital gains inclusion rate increase. On Copy 2, the description of currency code I (Capital gains dividends) has been updated. Under ‘Additional Information’, two codes have been added to enable filers to separately report capital gains dividends earned after June 24, 2024. Further instruction provides that filers must use Code I-2 to report dividends on capital gains realized before June 25, 2024, and to use Code I-1 to report dividends on capital gains realized after June 24, 2024.
Information about the capital gains inclusion rate increase for Québec can be found here.
Please note the 2024 RL-3 is not available to the public yet, but should be uploaded to the publicly-facing site shortly.
