Profile T1 Tax Planner and pension split optimization

Forum|Forum|2 years ago
January 19, 2024
1 reply
8 views

Hi

I'm doing a tax plan for a client and I want to determine the optimal amount/potential tax savings for pension split between the couple. I know how to do it when completing the T1 but I was hoping to use that form to review scenarios for the plan. The fields to enter their taxes etc cannot be overridden. Is there a way that I am missing to use the optimization tool while completing scenarios on the Tax Planner?

Thanks in advance

ProFile (Canada)

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Best answer by Mario B

you could use a 2022 tax file, (for planner 2023) and make th echanges on the tax file, then, from the planner, right click on a field, and select copy T1 return

M

Mario B

Level 11

Are you using the split pension optimizer decrived here ? https://profile.intuit.ca/support/en-ca/help-article/pensions/optimize-pension-splitting/L9ax05OVb_CA_en_CA?uid=lrp44upv

F

FullcountAuthor

Level 2

Yes that's it. I was hoping that kind of form was connected with the Tax Planner so then I tried overwriting the amounts on a blank sheet and that didn't work. I ultimately started a rough tax return with some of their details in order to use the optimization tool but still interested if there is a way.

thanks for connecting!

M

Mario BAnswer

Level 11

you could use a 2022 tax file, (for planner 2023) and make th echanges on the tax file, then, from the planner, right click on a field, and select copy T1 return

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