Hi Susan, yes of course class 54 is 30% but the 75% we are referring to is the net enhanced deduction. The factor in Turbotax desktop of 2 1/3 is only applicable to years prior to 2024. For 2024-2027 the factor should be 1 1/2. Anyone who filed using Turbotax desktop submitted incorrect returns if they used the enhanced class 54 deduction in 2024 or 2025 based on the 2 1/3 factor Turbotax is using right now. I'm sure any CPA on your team can confirm this and if not please reference CRA: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...
Please look into getting this fixed asap. Thank you
