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T1 tax calculations
433 Instalments

Print this pageForward this document  Inconsistent amounts of federal instalments

Program(s) affected: T1 Document created: April 15, 2004
Tax year(s): 2003 Document last modified: June 16, 2004
Version(s): Problem status: Fixed in v7.30 for year 2004

Why do the federal instalments in the table of instalment payments differ from those shown on the estimation worksheet?

This occurs in version 7.20 in the presence of an OAS repayment (federal jacket, line 422). The instalments are calculated correctly on the estimation of instalment payments worksheet. However, the amounts shown in the Table of instalment payments do not reflect the social benefits clawback and are therefore understated.

As a workaround, use the option Instalments recommended / OV of the keyword InstalMethod to enter the instalment payments.