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T1 tax calculations
411 Foreign income

Print this pageForward this document  Deduction under subsection 20(12)

My client paid foreign tax but cannot claim the full foreign tax credit on form T2209. Will DT Max calculate the deduction under subsection 20(12) automatically?

Yes. However, DT Max does not always claim the optimal amount of deduction under section 20(12). In order to claim a different amount than what DT Max has calculated, use the keyword Foreign-OV with the option Deduction under section 20(12).

April 19, 2005