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T1
411 Foreign income
  Calculation of the deduction under subsection 20(12) |
| Program(s) affected: |
T1 |
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Document created: |
04 07, 2009 |
| Tax year(s): |
2008 |
Document last modified: |
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| Version(s): |
12.01, 12.10, 12.11, 12.13, 12.20 |
Problem status: |
Pending |
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My client paid foreign tax and DT Max calculates the deduction under subsection 20(12). How can I claim a different amount in a situation where the one
calculated by the program is not optimal?
DT Max does not always claim the optimal amount of deduction under section 20(12) and, in some cases, no deduction at all should be claimed because it is not
beneficial for the taxpayer.
In order to claim a different amount than what the program has calculated, use the keyword Foreign-OV with the option "Deduction under section 20(12)". If applicable, the
program will prompt you to select the type of foreign income under the Foreign-Inc keyword.
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