The foreign pension income form is designed to enter the amount in foreign currency and provide the average currency exchange rate for conversion to Canadian dollar. The converted value, and the tax treaty provisions are used to determine the maximum allowable tax exemption, and the maximum amount to split with the spouse. The issue I'm having in the 2024 Taxturbo is that both those amounts are based on the amount in foreign currency. The exchange rate in my case is 1.9314, which means for example that 1000 in foreign currency is equivalent to CAD 1931.40. With %100 tax treaty exemption, I should be able to enter CAD 1931.4 to be exempted, and %50 of that (CAD 965.7) split with my souse. The problem is that the maximum exemption amount that Turbo accepts a maximum of CAD 1000, and the maximum amount to split with my spouse is %50 of (1931.4 - 1000), which is CAD 465.7. I only noticed that after I submitted the returns to CRA. My question is how can that be fixed?
