Canadian CCB Calculations

[jsandhu1]

CCB calculations this year are messed up in turbo tax. It does not calculate the amount of estimated CCB correctly and in my case it was short by almost 16K. Tax calculations based 4 kids under the age of 12 with approximately 45K income on line 23600 is showing 15K CCB instead of 31K. No fix has come up so far from Turbo tax

[TurboTaxSusan]

We are aware of the issue, and our development team is working to resolve it ASAP.

In the meantime you can use this calculator on the Canada Revenue Agency (CRA) website to see an estimate of your Canada child benefit (CCB): Child and family benefits calculator

[jsandhu1]

Yes, we understand this  CCB is being take care of by development team but how you can satisfy your family member that other calculations such as refunds/benefits etc are correct.

[TurboTaxSusan]

@jsandhu1 If you are using Turbotax Desktop, the issue with the CCB is that the CCB worksheet is not calculating properly. It has nothing to do with the rest of the return.