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Returning Member
posted Mar 10, 2023 2:11:40 PM

T1 General Line 41700 (Line 136) calculation wrong. It should be the result of Line 131 - Line 135. But it did it wrong.

Line 41700 does not deduct political contribution credit.

0 3 750
3 Replies
Level 5
May 1, 2023 12:07:40 PM

Hello @stephen4au 

 

Since I don't have all the details of your tax return, it is hard to say, but I am suspecting that the amount calculated at line 41700 is different because Alternative Minimum Tax from form T691 applies to your situation.  Please review the details of that form (T691).

 

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses/line-41700-minimum-tax.html

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/minimum-tax.html

 

Thank you,

Magalie

Returning Member
May 1, 2023 12:12:29 PM

You are correct.  I figured that out later by redoing everything use the Easy Step.  However, I thought double clicking the result of 41700 (green) should give me the calculation form.  Instead, double clicking the result of 41700 go to a RESP earning withdrawal form.

Level 5
May 1, 2023 12:19:22 PM

This jump link will be changed in our next release in May. Instead of being redirected on form T1172 you will now be redirected to form T691. 

 

Thank you,

Magalie