One thing we do in most of our T2 files is a reasonableness calculation. I wonder if this is something that Taxcycle might be able to create a schedule.
For example if someone has $200,000 taxable income, 150,000 qualifying for SBD, 50,000 investment income and there was a $30,000 taxable dividend paid to shareholders. We would anticipate
SB Rate $150,000 x 12% 18,000
Investment Income 50,000 x 20% 10,000
Tax Provision 28,000
Refundable portion of Part I 50,000 x 30.666 15,333
Dividend Refund 30,000 x 38.333 -11,500
Net increase in RDTOH 3,833
Taxes Payable net of Dividend refund 31,833
The calculation helps us to cut through the long calculation to better understand the tax provision and the tax bill.
Hope you could do something like this.