What adjustments are available to be made in the Prescribed Loan Worksheet?

Andrew Skujins -

Examples of manual adjustments occasionally required for exact results primarily include:

  • Any credits that are not directly determined by the income reported, such as tuition, disability, age, child-related, and medical amounts.  These credits can be entered under "Other federal credits" and "Other provincial credits" accordingly.
  • Unusual items, such as tax reductions and amounts based on family net income (Working Income Tax Benefit, Northwest Territories’ payroll tax). These amounts can be entered under "Other adjustments" in the marginal tax calculations, or in the marginal tax summary Special provincial credits   
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