Cantax T2/T2Plus 2020 - Troubleshooting Memos

Customer Service and Support

Important Notice: This section of the support site is archived. You will now only find information about previous versions of our products.
To access the latest news and product updates, access our new Support Website.

Date: 2021-Apr.-30

Cantax T2/T2Plus
Troubleshooting Memos

2021-April-30	Versions
Schedule 8, Capital cost allowance (CCA) – The 2021 Federal Budget introduces an immediate expensing measure allowing for a deduction of up to $1.5 million for Canadian-controlled private corporations (CCPC)	20.2.3xx.135 20.2.3xx.126
2021-April-15
Schedule 387, Manitoba Small Business Venture Capital Tax Credit – For a tax year ending after December 31, 2020, the credit earned in the current tax year (line 120) and the credit claimed in the current year (line 2C) are incorrect
2021-February-25
The amount of eligible SR&ED expenditures in Schedules 508 and 566 is too high when contributions to agricultural organizations for SR&ED are incurred during the taxation year
2020-December-10
Schedule 411, Saskatchewan Corporation Tax Calculation – Decrease in the lower tax rate for tax years ending after September 30, 2020	20.2.3xx.126 20.1.3xx.104 20.1.3xx.100
2020-September-10
COVID-19 – Balance-due date applicable to the tax balance of Parts other than Part I of the Act, including instalments owed to the federal government, extended to September 30, 2020	20.1.3xx.104 20.1.3xx.100
2020-August-13
COVID-19 – Balance-due dates applicable to some tax balances payable and tax instalments owed to the federal and Alberta governments deferred to September 30, 2020
2020-July-30
T2 Jacket – In the first tax year of a corporation starting after 2018, the calculation of the ERDTOH on line 520 is incorrect for a CCPC that elected under subsection 89(11) ITA not to be a CCPC.	20.1.3xx.104 20.1.3xx.100 2019

To view the Cantax T2 and T2Plus Troubleshooting Memos, consult the Knowledge Base.

Products Support

View By Product