Optimizations when preparing a T1 ADJ

T1
1

The following diagnostic appears when preparing a T1ADJ. How do we recalculate the split pension & other optimization calculations when preparing a T1ADJ?

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2

If I am not mistaken, you can’t change the split pension because it is an election.
Can others confirm this?

3

Thanks Rein for the suggestion. According to their website, you are allowed:

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1 Like
4

I just do it manually - trial and error. Unless the thing you’re adjusting caused a huge difference in tax payable, there won’t be much change in the pension split.

If you do change the pension splitting, be sure to get the clients to sign a new T1032 - at least for their records.

5

Thanks @teresas.