Claiming an investment capital tax credit in DT Max

Program(s) affected: T2 Document created: August 30, 2005 Tax year(s): 2005 Document last modified: April 11, 2006 Version(s): 8.32 Problem status: Fixed in v9.25

How do I claim the capital tax credit for an investment regarding a class 43 property acquired after April 21, 2005?

New Quebec form CO-1139 (Crédit de taxe sur le capital pour investissement) will be added to the DT Max forms library in a future version.

In the meantime, you can access this form (in French only) on the MRQ's Web site. Simply print it, fill it out, and attach it to your client's tax return.

In DT Max, use the keyword Override, select Quebec CO-17, and in the keyword Field-Data, enter 44016 and indicate the amount of credit from box H of form CO-1139 on the right of the "$" sign.

Note that if another credit already appears in field 440p for this corporation, the number to be entered in Field-Data is 44017. Similarly, should a credit already appear in field 440q, the number to enter in Field-Data would be 44018. Finally, if a credit already appears in field 440r, the number to enter in Field-Data is 44019.