You will see the following warning message in H&R Block’s 2017 tax software if you’ve entered a value that exceeds the allowable maximum venture capital corporation tax credit on the Yukon labour-sponsored venture capital corporation tax credit page:
The amount you’re claiming for the Yukon labour-sponsored venture capital corporation tax credit can’t be more than $1250.0. Make sure you entered the credit amount shown on the certificate you received from the Fireweed Fund Corporation correctly. [warning]
How do I fix this?
To clear this warning, return to the Yukon labour-sponsored venture capital corporation tax credit page and enter the credit amount shown on your Fireweed Fund Corporation certificate into the field labelled Venture capital corporation tax credit from your certificate.
Note: You can find the Yukon labour-sponsored venture capital corporation tax credit page under the PENSION PLANS AND INVESTMENTS icon of the PREPARE tab.