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News > RESOLVED: Incorrect calculation of T2 Schedule 31 Part 15 amount AA2

RESOLVED: Incorrect calculation of T2 Schedule 31 Part 15 amount AA2


When T2 Schedule 31 Part 15 is applicable, amount AA2 must calculate to be the lesser of amount Z2 or amount I2 in Part 11. However, TaxCycle T2 is currently incorrectly calculating the amount to be the sum of Z2 and I2. This causes the investment tax credit to be reported twice on the T2 jacket (at line 652 and line 780).

Anticipated Resolution

This issue was resolved in TaxCycle version 9.0.37674.0.


 

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