  Investments without having a T-Slip |
Use Interest and select the type of interest among the options offered. This is required for efile. It allows the CRA to maintain statistics without having to count T-Slips (from paper tax returns).
You can use the T-Slip keyword to enter Canadian interest income or enter this income through the T-Slip group. Foreign investment income must be entered with Foreign-Inc .
DT Max will report the amount of interest on line 12100 of the federal income tax return and line 130 of the Quebec income tax return.
The following options are applicable for the keyword Interest.
Interest from Canadian sources (bank) Interest amounts paid by Canadian Banks from accounts, Investment Certificates, Term Deposits etc.. In fact, most interest from Canadian sources which do not fit into the other specific categories should be entered using this option.
Bond interest Interest from Canada or Quebec Savings Bonds (if not using the CSB/QSB Accrual schedules) or bonds of Canadian Corporations.
CSB bonus
QSB bonus QSB Bonus
Mortgage interest Interest earned by a mortgage on a property.
Interest from other sources Interest from a source not offered above.
Amounts credited not received (such as reinvestments)
Interest on any tax refund received (notice of assessment)
Amounts included this year but reported in previous years
 See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12100 - Interest and other investment income
 See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
Use Amount.int to enter the amount of interest income received. Use [Alt-J] to enter different values for other jurisdictions.
Use $US to enter interest income from Canadian sources that was received in US dollars.
If you are using DT Max's automatic US conversion facility, enter the amount received in US funds and it will be converted to its Canadian equivalent. If you enter the amount in both Canadian dollars ( Amount.int) and in US dollars ( $US), these amounts will be reported as they are entered. In such a case, DT Max will assume that you did the conversion yourself and that you want to show the original US amount as well as the amount in Canadian dollars.
Use the keyword Dividends to enter the taxable amount of regular dividends received from taxable Canadian corporations. Enter the amount and the source. The taxable amount represents 1.15 times (115%) the actual dividend received. The calculation can be done when entering the information into your client's file by entering the amount * 1.15.
DT Max will also claim a 9.0301% dividend tax credit of this amount on line 40425 of the federal income tax return and a 5.55% dividend tax credit of this amount on line 415 of the Quebec income tax return.
You may prefer to use T-Slip to enter such dividends earned as reported on various information slips.
DT Max will enter this amount on line 12000 of the federal income tax return and line 128 of the Quebec income tax return.
Use $US to enter dividends received in US currency. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12000 - Taxable amount of dividends from taxable Canadian Corporations
Line 12010 - Taxable amount of dividends other than eligible dividends
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
Use the keyword Dividends-Elig to enter the taxable amount of eligible dividends received from taxable Canadian corporations. Enter the amount and the source. The taxable amount represents 1.38 times (138%) the actual dividend received. The calculation can be done when entering the information into your client's file by entering the amount * 1.38.
DT Max will also claim a 15.0198% dividend tax credit of this amount on line 40425 of the federal income tax return, and a 11.78% dividend tax credit of this amount on line 415 of the Quebec income tax return.
You may prefer to use T-Slip to enter such dividends earned as reported on various information slips.
DT Max will enter this amount on line 12000 of the federal income tax return and line 128 of the Quebec income tax return.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12000 - Taxable amount of dividends from taxable Canadian Corporations
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
Use $US to enter in US dollars the taxable amount of dividends received by your client. Enter the grossed-up amount received and its source.
DT Max will report this amount on line 12000 of the federal income tax return and line 128 of the Quebec income tax return.
You may use the T-Slip keyword to enter the dividends reported on various information slips.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12000 - Taxable amount of dividends from taxable Canadian Corporations
Line 12010 - Taxable amount of dividends other than eligible dividends
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
Use Other-Invest to enter other Canadian investment income. DT Max will report this amount on line 12100 of the federal income tax return and line 130 of the Quebec income tax return.
Do not use this for foreign income ( Foreign-Inc ).
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 12100 - Interest and other investment income
See the CRA's general income tax guide:
Line 12100 - Interest and other investment income
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Amount.int 