T2
522 Investment income and dividends
For a tax year-end in 2015, DT Max is generating the warning message "Missing DATERECEIVED in INCOMESOURCE - DT Max will use the fiscal year-end." when the keyword DATERECEIVED is not entered in the INCOMESOURCE group for dividends received and subject to Part IV tax. Is this accurate?No, instead of using the fiscal year-end when the keyword DateReceived is not entered, DT Max assumes the dividends are received after 2015 and therefore subject to the Part IV tax rate of 38 1/3%. To avoid this situation, please enter a date for the keyword DateReceived . Note: For a tax year-end after 2015, the warning message is accurate. |