Tax planning with DT Max

DT Max has a variety of built-in features which enable you to carry out tax planning for the clients in your database. These features are fully integrated into the program and can be used at any time. They are designed to help you analyse the tax implications of various scenarios so that you can make sound recommendations to your clients.

Using your current database, you can devise up to six simultaneous plan versions for each client in order to identify, for example:

• the fiscal incidence of selling a small business, property, or stock
• the relative advantages of various tax shelters
• the fiscal incidence of increased dividends
• RRSP limits
• donation limits

When creating tax plans, DT Max proceeds in the same manner as when preparing production returns, using a few additional features. We recommend that you familiarize yourself with entering data and running tax calculations with production returns before using these other options, listed below:

• selecting and copying plans
• entering data and calculating plans
• displaying the planning summaries and full returns
• deleting plans
• T1 planner