Our team is aware of the issue at hand and it will be this fixed in our next update of the downloaded software on February 19th,2020. We appreciate your ongoing support!
It looks like the issue is not still resolved. I got an update today
Hi,
I am not getting this screens even after the upgrade. See the below figures. Anything withdrawn more than 25000 is comin as RRSP Income.
If you entered it before the update, at the end in the review errors section (Screenshot 2 in previous posts) will prompt you to check when it was made before or after March - this is where the entry will be corrected from RRSP income to tax-free.
Seems like it is also incorrect on the webpage:
https://turbotax.intuit.ca/tips/home-tax-deductions-credits-in-canada-5223
Thanks,
I am not getting this review comment somehow. Is this option available in TurboTax Standard 2019 software as well? or are you taking about a different software?
@SHYBURAPHEL - Yes, I am referring to TurboTax software. When you start the "Review" of your tax return, you will come across tax tips, warning, smart tips and you will get to the "Review Errors" screen, this is where you will see the HBP error - which asks you to "fix", this is where you will be able to enter if it has been made before or after March 2019. When you answer "yes" to this question, you will see then on the detailed tax summary page that your RRSP income amount has been removed.
Please see screenshots below:
@kj2940 - thanks for the catch on that blog - fixed!
Hi @TurboTaxLise ,
The federal portion seems to have been resolved (as you mentionned, the software prompts you to define if it was made after March 19 2019), but it still adds any amount above $25,000 to your income on the provincial side (in Quebec). When is this going to be fixed?
Any answer? We cannot complete and submit our tax report until this is fixed, although we paid the full amount for the software...
It only works for the federal portion, not for the Quebec portion.