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T2
556 Net income / Small business deduction
  Allocation of the Alberta Small Business Deduction between associated corporations |
| Program(s) affected: |
T2 |
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Document created: |
07 10, 2008 |
| Tax year(s): |
2008 |
Document last modified: |
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| Version(s): |
11.30 |
Problem status: |
Fixed in 11.32 |
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I have a client filing in Alberta and the program is not calculating the allocation of the base amount
($200,000) for the Alberta Small Business Deduction properly for a taxation year ending in 2008. Why is that?
The program should allocate the deduction properly. As a workaround use the SmallBusLim keyword to enter the
amount you wish to allocate on AT1 Schedule, line 15. Enter the federal amount and then use Alt-J to enter the Alberta
amount (typically 50% of the federal amount).
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