The form could pick-up the instalment requirements on carry-forward. We should be able to enter them manually in any case.
We’re required to enter the date and amount of actual payments during the year. An option to “allocate total paid based on expected” or “allocate total paid equally” would simplify the entry for clients who follow instructions.
Otherwise, we manually enter the payment details. The worksheet should allow for more than four payments…for example, some clients pay monthly.
The worksheet shows the breakdown of the interest calculations, and adds the total to the summary.
This would be helpful. I often get clients asking me how much the penalties will be if they don’t pay their instalment payments (or haven’t done it for the past year). It wasn’t too hard to calculate when the CRA interest rate was 1% per quarter, but with the rate changes lately, it’s not so easy.
Thanks for the feedback everyone! There will be some updates to the suggestions category in the community in July to better track all your suggestions. Looking forward to rolling that out next month.
