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Credits and deductions
There are two pages on the donation optimizer, the first page will not show the owing balance in brackets, the second page after the optimizer is completed will.
The donations are part of the non-refundable tax credit, it will reduce the taxable income only. However, it has no effect on the CPP payable for self-employed since this amount is added later in the calculation.
I hope this was helpful
ā€ˇFebruary 12, 2021
8:17 AM