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Level 2
posted Mar 30, 2023 7:17:07 AM

investmet tax credit

I use Turbotax Premier English desktop version. for Canada

My problem

It is calculation of Investment tax credit – line 41200 on CRA T1 general form.

I got T5013 slip and on column 194 amount is $ 21088.42

Detail calculations are on form INVESTMENT TAX CREDIT (INDIVIDUAL)

Part B line 67170  - 21088.42 * 0.15 = $ 3163.26

 

Part D -  line F = $ 3163.26

               Line G = $ 20327.50

 

Line H – minimum of Line F and Line G -  should be $ 3163.26  but it shows $ 1994.90

 

This is the amount reported on T1- general form

 

This amount is WRONG –

 

Any suggestions?? 

 

I did call Intuit but they do not seem to understand ITC- have very poor knowledge !!

 

 

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1 Replies
Intuit Alumni
Apr 6, 2023 8:44:33 AM

Sorry to hear you are having this problem. In order to help you with this, we will need more information.  Please contact us in private on Social media so we can help you further. You can find us on Facebook or Twitter.

 

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