RESOLVED: T1032 line 68040 overstated

Where a T4A includes pension income in boxes 016 (registered plan) and 109 (unregistered plan), both of which would have had tax withheld at source and included in box 022, the calculation of line 68040 on form T1032 (Joint Election to Split Pension Income) was not accounting for box 109 in determining the portion of box 022 to include.

Currently, in this situation, the full amount of box 022 would be included, overstating the amount of tax to transfer to the spouse.

Resolution

TaxCycle version 9.1.38833.0 resolves this issue.