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T2
524 Tax credits and deductions / Crédits d'impôt et déductions
  Manitoba PST reduction |
| Program(s) affected: |
T2 |
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Document created: |
08 12, 2020 |
| Tax year(s): |
2020 |
Document last modified: |
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| Version(s): |
23.25, 23.30 |
Problem status: |
Fixed in v24.01 |
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Due to the unanticipated costs and reduced revenues caused by COVID-19, Manitoba has delayed its planned PST reduction to six per cent from seven until 2021. It was initially planned to take effect July 1, 2020. How do I handle this situation in DT Max?
This PST change had been implemented in DT Max T2 version 23.25 for taxation years ending after 2019 and affects the calculation of Schedule 1 supp. - Non-deductible Automobile Expenses if Province.v keyword option "Manitoba" and Leasing-Cost keyword option "Portion current year lease cost (pre GST/HST changes)" have been entered within the Vehicle-Exp group.
Remove the option "Portion current year lease cost (pre GST/HST changes)" under Leasing-Cost keyword as it should not apply at this time.
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