Just had a discussion with a client that was not impressed because we had devised a specific tax plan, and estimated tax payable balance he was going to be owing for 2017 a few months ago.
We estimated the tax balance that would be due using the T1planner. The actual T1 balance is now a few thousand higher. It looks like the T1Planner isn’t incorporating AMT - is this correct or am I missing something?
If so, can you please consider adding AMT into the planner in the near future? I suspect we may have a few more surprises due to this in the coming weeks! I would also suggest adding a note to the worksheet in the meantime to identify the issue - it’s specifically when planning for unusual situations where we’re more likely to run into AMT, and people that have migrated from other software platforms will likely be expecting this to be incorporated.