Is RDTOH based on beginning or end of tax year?

mcliu784 · ‎June 02, 2020

Hello,

I noticed in the new T2, there's two sections for RDTOH ones for "tax years starting before 2019" and one for "tax years starting after 2018".

Which section do you fill out? Is it based on the starting date of the tax year, or the ending date?

For example if the tax year is from Nov 2018 to Oct 2019. ProFile seems to populate the "RDOTH for tax years starting before 2019" section. Is that correct?

Thanks,

Mike

ProFile Duncan · ‎June 02, 2020

Hi, thank you for using Intuit ProFile Community

Yes that is correct Mike. There was a change by the Canada Revenue Agency (CRA) for tax years starting after December 31, 2018. ProFile implemented the CRA rules. For more details there is this CRA link:

https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-...

Hope this helps

View solution in original post

ProFile Duncan · ‎June 02, 2020

Hi, thank you for using Intuit ProFile Community

Yes that is correct Mike. There was a change by the Canada Revenue Agency (CRA) for tax years starting after December 31, 2018. ProFile implemented the CRA rules. For more details there is this CRA link:

https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-...

Hope this helps