I’m wondering if the new Alberta general corporate tax rate incorporated into TaxCycle yet? I believe the 8% rate was effective a few months back on July 1, 2020.
Was expecting to see an update in the latest release on the AT1 basic AB tax rate calculation feeding into line 68, looks like it’s not there yet? Maybe it factors in elsewhere?
We are working on files now that have year ends well past July 1, so I’m wondering if our AB provisions being calculated are a bit too high on high rate income right now.