SR&ED limits on schedules 31 and 49

Program(s) affected: T2 Document created: July 12, 2004 Tax year(s): 2004 Document last modified: August 31, 2004 Version(s): 7.01 and subsequent Problem status: Fixed in v7.35

Why is DT Max using amounts of $5,000,000 and $300,000 for the calculation of the SR&ED expenditure limit on schedules 31 and 49 regardless of the previous year-ends?

DT Max should be using $4,000,000 and $200,000 respectively in cases where a corporation's fiscal period immediately follows a fiscal period that ended before 2003.

As a workaround, use the keyword Override, select the options Federal then Federal schedules and Schedule 31 consecutively, enter 1122 in the keyword FIELD-DATA, then enter the appropriate amount.