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Intuit

CO-771 M&P Reduction Multiplier not calculating correctly

Issue

For a Canadian-Controlled Private Corporation (CCPC) that incurs primary sector or manufacturing sector activities with a portion of 50% or more, with days after March 27, 2018 in the taxation year, and that is required to file a CO-17, the multiplier under Part 11.3 of CO-771 is not calculating correctly:

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Workaround

Override the multiplier for the days after March 27, 2018 with a value equal to Line 201 above:

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Resolution

This issue will be fixed in an upcoming ProFile release.

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