Close

Our Privacy Statement & Cookie Policy

All Thomson Reuters websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.

T2 tax calculations
599 Other

Print this pageForward this document  Nova Scotia tax

Program(s) affected: T2 Document created: February 14, 2005
Tax year(s): 2005 Document last modified: May 20, 2005
Version(s): 8.10 Problem status: Fixed in v8.25

Why is DT Max calculating the Nova Scotia tax by applying a 10% rate to income up to $300,000 instead of a 5% rate?

This is a problem for fiscal periods ending in 2005. DT Max is calculating the portion of the fiscal period falling in 2005 using a 10% rate instead of a 5% rate.

As a workaround, use the keyword Override, select Schedule 5, enter "215" under FIELDDATA, and then enter the appropriate amount.