About Rate Tables
The calculations performed by Personal Taxprep are based on rates supplied by our team of tax analysts or by you. A rate table contains various tax, credit and deduction rates as well as other data which pertain to each tax government level (federal, provincial and territorial).
Personal Taxprep supplies you with rate tables with content based on the Income Tax Act and various budgets. These predefined rate tables can be modified, for example, for tax planning purposes.
How to modify a rate table
To modify the rate table for the current client file, proceed as follows:
- From the Form Manger, display Form Rates, Rates federal - Table and Values Used in the Return (Jump Code: RATES FED) .
- Select the rate table that you want to modify.
- Modify the rates to be used for the purposes of calculations made by Personal Taxprep.
How to modify the "Planner" rate table
When you create planner files, by default Personal Taxprep uses the Planner rate table to do the tax calculations.
Personal Taxprep allows you to modify the different rates in this table. This is very practical, for example, in the case where the rates for certain credits must be modified following the tabling of a budget after the version release of the program.
To modify the Planner rate table, proceed as follows:
- Click the
button, then click Rate Tables. - Double click the Planner rate table.
The forms specific to the rate table will be displayed on the screen. - Modify the rates that must be used for calculations by Personal Taxprep.
- Click
to save the changes. - Click the
button to return to the template view.
How to print a rate table
To print a rate table, proceed as follows:
- In the left menu, click Rate Tables.
- Double-click the rate table that you want to print then click the tab for the table concerned.
- On the File menu, click Print.
- Set the printing options.
- Click OK.