Level 2

Question

The Climate Action Incentive on T1 Summary

Forum|Forum|4 years ago
February 10, 2022
5 replies
9 views

The Climate Action Incentive (CAI) will be delivered as a quarterly benefit (vs. annual in the previous years), starting in July, 2022.

Would it be possible to Profile to show the annual and quarterly CAI payments at the bottom of the T1 Summary?

Right now the T1 Summary shows GST/HST, Provincial Tax Credit and Child Tax Benefit—Annual and Quarterly / Monthly.

I know that my clients (and I) would appreciate such information about the Climate Action Incentive, too!

ProFile (Canada)

This topic has been closed for replies.

P

Pro4

Level 8

Hi, thank you for using Intuit ProFile Community

That is a great idea but, the e-file version, 2021.3.0 does not have that. The version is now in testing and we cannot implement changes for new ideas. What I can recommend is using the send feedback app in the ProFile help menu. Although there is no feedback to users, product development does monitor submissions from the feedback app.

Hope this helps

F

forjackAuthor

Level 2

I just copied and sent it via Help/Send Feedback. Perhaps other should do the same-I KNOW it's a very important feature, as all clients always want to know how much money they're going to get.

J

jwillisbarrie

Level 2

This is needed as the S14 - Climate Action does not print in full from save as PDF

F

forjackAuthor

Level 2

18/2/22

Indeed, schedule 14 does not print in full. However, even if it printed in full, it still does not show the quarterly payments. I guess I will have to either verbally tell people how much they're going to get every quarter, or just write the amounts on the T1 Summary (as I do not give my clients "Client Letters"-I find the T1 Summary much superior and transparent).

Also, in Ontario, some seniors qualify for the Property Tax Grant of up to $500. I wish the amount were printed on the T1 Summary as well. After all, the T1 Summary is NOT an official, CRA-approved form and Profile could (and should) make is as user-friendly as possible.

M

Mario B

Level 11

Thanks for the questions and comment , I will let the Designers know

A

Allan Pilon

Level 3

You can see all Federal and Provincial Credits including the CAI by typing "Letter or Joint letter in box beside Form Exployer icon (Menu) bar. Print the letter for your client. Often clients ask me what credits the have. When they pickup their returns I am prepared to answer their questions and give them the letter showing credits as well a wealth of information pertaining to their returns including refunds, balance due, installment payments Child Benefits etc.

Allan

J

jrbooks

Level 4

Jack - one of the major issues is that no one knows precisely how much the CAI will actually be. There were rumours early on that the base would be $600 for 2021 as opposed to $490 for 2020 tax return. Profile is using the 2020 figure in the letter but does say it's only an estimate.

This change is really causing problems with some tax clients who have enjoyed the extra $420 - 490 refund in the spring and are shocked that nothing forthcoming until July. I've also had to warn employees of bookkeeping clients that this has changed. Can't say anyone is impressed.

Jo Ruelle

J

jwillisbarrie

Level 2

CRA has info page now -

https://www.canada.ca/en/department-finance/news/2022/03/climate-action-incentive-payment-amounts-for-2022-23.html

Also Intuit Profile includes 'estimate' calculation at the bottom of the T1Summary

I agree this is upsetting with people owing $200-$300 - mostly lower income people that could do with a small refund instead of waiting to get it back over the next year.

J

jrbooks

Level 4

Thanx for the update, JWillisBarrie. I'll pass that on to everyone so no surprises come July.

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