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Level 1

T2 Tax Summary computation


The tax summary computation section on Profile is NOT computing the taxes for both Federal and Provincial. All figures have been entered correctly and all fields in the Profile Schedules entered correctly. However, the Tax summary is not populating the figures to calculated the taxes. The Tax summary automatically populates the figures entered to work out the Federal and Provincial Taxes. 

How can I get this working since support can assist? 

1 Comment 1
ProFile Duncan
ProFile Team

T2 Tax Summary computation

Hi, Thank you for using Intuit ProFile Community

The provincial tax is calculated on schedule 5 then posted to line 760 of the T2 jacket. This amount is posted to the summary, provincial tax section.This is the case for all provinces except Alberta and Quebec which require their own provincial filing.

ProFile will calculate the provincial tax based on the jurisdiction selected on the info tab

Hope this helps