You'll see the following error message in H&R Block’s 2016 tax software if, you're a resident of Newfoundland and Labrador (NL) and are claiming an amount greater than $75,000 for your NL Venture Capital Tax Credit:
The total amount of the NL venture capital tax credit can’t be more than $75,000. Please correct the amount you entered. [error code: 243]
How do I fix this?
To correct this error, enter the correct amount of the tax credit shown on all your NL VCTC Certificates. This amount cannot be more than $75,000.
Note: You can find the NL Venture Capital Tax Credit page under the PENSION PLAN AND INVESTMENTS icon of the PREPARE tab.