Troubleshooting

The proposed legislation changing the tax rate on capital gains never got passed. By the time this decision was made the revised forms created by CRA for 2024 with Box 52 and 53 were already done, and it was too late to go back to the forms used in 2023.  Despite the change in forms, the tax rate that is applied to amounts in both Bx 52 and Box 53 remains the same -- if CRA combines the two numbers anyway, there doesn't seem to be any reason why we shouldn't do so in order to bypass the glitches in Turbo Tax. 

 

Here's a link from the Financial Post that might be helpful: https://financialpost.com/personal-finance/taxes/why-complicated-tax-form-when-cap[product key remov...