Hi, I recently switched over from CanTax which I have been using for a long time. I am wondering does TaxCycle has a worksheet that shows the RRSP contribution needed to eliminate income from each bracket, similar to the RRSPOpt in CanTax? I found that worksheet very useful when some of my clients ask contribution questions during the RRSP season.
1 Like
Hello, we have some projected rrsp planning in our T1 planner worksheet (available in our 2016 T1 module) - this allows for planning on contribution amounts and provides an indication of the potential tax savings. This doesn’t display detailed information from each income bracket but if that level of granular detail is desired, we can examine providing it when we update our T1 planning worksheet for our 2017 module.
~ Rob