Skip to main content
Level 1
June 6, 2022
Question

S32Assist: Reduction to the pool for SR&ED Expenditures incorrect for S380 when renouncing MB Tax Credit Portion

  • June 6, 2022
  • 1 reply
  • 10 views

Amount F is appears calculating incorrect of MBS380 on S32Assist.  This is the amount for line 429.

 

Currently it calculates 55% of the PPA (Amount D) multiplied by the MB Rate of 15%.  In scenarios when the MB Tax Credit is renounced it should be 7.5% 

This topic has been closed for replies.

1 reply

Level 8
February 16, 2023

Hi,

We have not had other reports for this issue and it is hard to reproduce. If this still occurs in ProFile 2022.3.0 please call at 1-800-452-9970, so we can investigate.