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Level 1
March 11, 2024
Question

T183 Misleading Information

  • March 11, 2024
  • 1 reply
  • 8 views

Hello there, I just noticed something on the T183 corp.  Firstly, on the Tax summary, our client shows tax payable of say 2000 payable, but also had a dividend refund - non eligible dividend of say 1500.  Therefore net tax of 500 owing.  When I print the T183, the bottom line only shows the Tax owing of 2000(line 770)  and not the 500.  So when the client sees this form when signing, they think they owe 2000 and not the 500.  So again, very misleading.  Can this be fixed.

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1 reply

Level 7
March 11, 2024

The T183 is a CRA form and line 770 is the bottom line on it.  Profile cannot change that.

 

Line 770 on the T2 is total taxes payable, before "other credits".  Other credits include line 780 (ITCs), 784 (Dividend Refund), 840 (instalments paid). As the form includes a declaration by the authorized signing officer that they have examined the entire T2 Corporate tax return,  the presumption would be that the signer knows what the tax return says.