1029.8.116.42.An eligible individual who is resident in Québec at the end of 31 December of the taxation year 2021 and who files for that year a fiscal return under section 1000 is deemed to have paid to the Minister, on the eligible individual’s balance-due day for that year, on account of the eligible individual’s tax payable under this Part for that year, an amount equal to the amount determined by the formula
A − B.
In the formula in the first paragraph,
(a) A is an amount of $500; and
(b) B is 10% of the amount by which the eligible individual’s income for the year exceeds $100,000.