TPZ-1029 Home Support in Divided Co-ownership: Practical Guide

The tax credit for home support for seniors can reduce the tax bill for many co-owners. In divided co-ownership, part of the common expenses may be eligible if they relate to home support services. Form TPZ-1029.MD.5.C-V (often searched for as “TPZ-1029 home support divided co-ownership”) is used to calculate and certify this portion. Here is a clear guide, up to date as of 2026-05-11, for boards of directors and syndicates.

What is the home support tax credit for seniors?

This refundable tax credit, administered by Revenu Quebec, is intended to offset part of the cost of services received at home by eligible seniors. In divided co-ownership, certain expenses included in common expenses may also be recognized when they correspond to eligible services. The rules, rates and eligibility age may change; consult the official Revenu Quebec page for the precise conditions and applicable rates.

• Services typically covered: housekeeping, snow removal, landscaping, security, elevator maintenance, concierge services, and building-related service contracts when the service supports remaining at home.
• Excluded expenses: major or structural work, capital expenditures, contributions to the contingency fund, long-term repairs, improvements, insurance, and professional fees not directly related to an eligible service.

Key resources:

• Tax credit – Home support for seniors (Revenu Quebec)
• Form TPZ-1029.MD.5.C-V – “co-ownership syndicate” component (Revenu Quebec)
• Main guide TP-1029.MD.5-V – explanations and expense categories (Revenu Quebec)

TPZ-1029.MD.5.C-V: role of the syndicate and board

TPZ-1029.MD.5.C-V equips the syndicate to calculate the eligible portion of common expenses related to services. The board of directors must:

1. List the contracts and expenses for the financial year that relate to eligible services.
2. Exclude anything relating to capital expenditures, the contingency fund, major repairs or non-eligible items.
3. Allocate the eligible portion by fraction (relative value) using the prescribed method (often based on the ownership percentage shown in the DCV, unless otherwise provided).
4. Prepare a certification or statement detailing, for each unit, its share of the eligible common expenses.
5. Send the information to co-owners in time for tax season, and retain supporting documents (contracts, invoices, board decision minutes, maintenance reports, etc.).

Governance tip: add an annual reminder to the board’s calendar and mention the documentation strategy at the annual general meeting to make it easier to prepare TPZ-1029.MD.5.C-V.

Calculation: identifying the eligible portion of condo fees

The key step is to isolate, among the common expenses, the items that constitute eligible services. Proceed in stages:

• Housekeeping for common portions: eligible for the “service” component, but not for equipment purchases.
• Snow removal and landscaping: eligible as services related to maintaining access to the home.
• Elevator maintenance and concierge services: generally eligible because they facilitate mobility and safety.
• Security/surveillance, intercom/central monitoring contract: eligible when billed as an ongoing service.
• Heating/electricity for common portions: check the guidelines; some portions may not be eligible.

Most common allocation method:

• Calculate the total for eligible services for the financial year.
• Deduct any portion attributable to commercial premises, if applicable.
• Allocate the balance among the fractions according to the percentages set out in the DCV (relative values) or the usual method for allocating expenses.

Document-management best practices:

• Attach an itemized summary (supplier, nature of the service, dates, eligible amount retained).
• Record exclusions with a brief explanation (e.g., “roofing contract: capital expenditure, excluded”).
• Keep contracts and invoices in the syndicate’s shared records (for at least 6 years, or in accordance with applicable standards).

When in doubt about an item, err on the side of caution and confirm with an accountant. Revenu Quebec’s guidelines take precedence over industry practices.

Process and timeline: forms, supporting documents and follow-up

– Gather the data: start with the approved financial statements and general ledger; filter the accounts related to services.

– Complete TPZ-1029.MD.5.C-V: enter the amounts by service category, followed by the allocation by unit.

– Prepare a certification for each unit: communicate the total amount of eligible services allocated to each fraction. Co-owners will use it to complete their returns and claim the credit.

– Recommended deadline: send the information before the busy tax season to avoid later corrections.

– Internal controls: have the figures reviewed by the person responsible for the syndicate’s finances and, if possible, by the auditor/CPA who assists with your financial statements.

To make organization easier, many syndicates centralize contracts and maintenance schedules in a maintenance logbook/EUC. This approach helps distinguish eligible services from major work from one year to the next.

Looking to structure this process? See our administrative management and financial management services. A divided co-ownership under our management streamlined the preparation of its certifications by classifying eligible expenses as soon as they were entered into the accounting system, which reduced year-end adjustments.

Useful resources and official references:

• Revenu Quebec – Tax credit for home support for seniors
• Form TPZ-1029.MD.5.C-V (co-ownership syndicate)
• Guide TP-1029.MD.5-V (detailed explanations)
• RGCQ – Best management practices in divided co-ownership

multiRent internal links:

• Services – administrative management and financial management
• Our packages

This article provides general information and does not constitute legal advice. Consult a lawyer or notary for your situation.

This article provides general information and is not a substitute for advice from a tax professional or accountant. Refer to Revenu Quebec and the CRA for the exact rules.

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