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New Member
posted Oct 29, 2019 9:37:37 PM

Federal tax had reduce to 20.5% but software still show 22%

Schedule 1 , step 2 line 43 22% instead of 20.5% ?

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1 Best answer
New Member
Oct 29, 2019 9:37:38 PM

The 20.5% will be effective for 2016.  For the 2015 return the correct rate is 22%  For more info, please see http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html

1 Replies
New Member
Oct 29, 2019 9:37:38 PM

The 20.5% will be effective for 2016.  For the 2015 return the correct rate is 22%  For more info, please see http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html