AirQuality-TaxCrUse the keyword AirQuality-TaxCr to claim an air quality improvement tax credit.The following options are applicable for the keyword AirQuality-TaxCr.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
See the CRA's general income tax guide: CCPC.aUse the keyword CCPC.a to indicate if the corporation is a CCPC.The following options are applicable for the keyword CCPC.a.
CooperativeUse the keyword Cooperative to indicate if the corporation is a cooperative eligible for the small business deduction.The following options are applicable for the keyword Cooperative.
Name&LocationUse the keyword Name&Location to enter the name and address of the qualifying location.
Expenditures.aUse the keyword Expenditures.a to enter qualifying expenditures for this location.For qualifying expenditures incurred from September 1, 2021 to December 31, 2021, enter the amount incurred until the end of your first tax year ending in 2022. For qualifying expenditures incurred after December 31, 2021, enter the amount incurred until the end of your tax year. If your tax year ends after 2022, enter the amount incurred until December 31, 2022.
Assistance.aUse the keyword Assistance.a to enter all amounts of assistance the corporation received, are entitled to receive or can reasonably be expected to receive in respect of qualifying expenditures included in column 2, which has not been repaid before the end of the tax year under a legal obligation.
Exp-ClaimedUse the keyword Exp-Claimed to indicate expenses claimed by the corporation in prior years or by affiliated entities in any tax year.The following options are applicable for the keyword Exp-Claimed.
Eligible-EntityUse the keyword Eligible-Entity to enter the name of the affiliated eligible entity.
Bus-Number.aUse the keyword Bus-Number.a to enter the business number of the affiliated corporation.
SIN.aUse the keyword SIN.a to enter the SIN of the affiliated individual.
PartnershipNum.aUse the keyword PartnershipNum.a to enter the partnership account number of the affiliated partnership.
Percent.aUse the keyword Percent.a to enter the percentage assigned under the agreement.
Total-VentExp-CFUse the keyword Total-VentExp-CF to enter the total ventilation expense for prior tax years (line 420 from the prior tax year).
Expense-OV.aUse the keyword Expense-OV.a to override the total ventilation expense calculated by DT Max.
CrAlloc-Part.aUse the keyword CrAlloc-Part.a to enter the air quality improvement tax credit allocated from partnerships.
CGDiv-PaidUse the keyword CGDiv-Paid to enter the amount of capital gains dividends paid in the period commencing 60 days after the beginning of the taxation year and ending 60 days after the end of the taxation year. Use [Alt-J] to enter different values for other jurisdictions.
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See the CRA's general income tax guide: RefCap-TransUse the keyword RefCap-Trans to enter the refundable capital gains on hand (RCGTOH) transferred on amalgamation, (for mutual fund and investment corporations). Use [Alt-J] to enter different values for other jurisdictions.
CGRedemptionUse the keyword CGRedemption to enter amounts for shares, cash, debts, or other property used to determine the capital gains redemptions for the year.The following options are applicable for the keyword CGRedemption.
Redeem-AmtUse the keyword Redeem-Amt to enter the amount paid to redeem shares. Use [Alt-J] to enter different values for other jurisdictions.
CGRefundPrOVCGRefundPrOV, the provincial capital gains refund, is available to investment and mutual fund corporations for all provinces and territories, except Quebec. Quebec allows a deduction from taxable income to these corporations of their taxed capital gains. The Alberta capital gains refund is claimed on its respective tax return.For Newfoundland & Labrador and Manitoba, the capital gains refund as calculated on schedule 18 cannot exceed the lesser of:
- Newfoundland & Labrador or Manitoba tax otherwise payable at lines 209 or 234 respectively, on schedule 5; The following options are applicable for the keyword CGRefundPrOV.
ChildCare-SpacesUse the keyword ChildCare-Spaces to enter the number of child care spaces created in a licensed child care facility.
ProvCr-Alloc.cUse the keyword ProvCr-Alloc.c to enter the child care spaces tax credit allocated to the corporation that is a member of a partnership as well as the credit deemed as a remittance of co-op corporations.The following options are applicable for the keyword ProvCr-Alloc.c.
Credit-OV.cUse the keyword Credit-OV.c to override the child care spaces tax credit claimed in the current year as calculated by DT Max.
Construct-CrUse the keyword Construct-Cr if the corporation wishes to claim the tax credit for the Manitoba rental housing construction tax credit (Schedule 394).Effective January 1, 2019, this credit will be eliminated. Projects currently under provincial review or with provincial approvals are not affected. No new project applications will be processed after 2018 and any future projects must be available for use before 2021. The following options are applicable for the keyword Construct-Cr.
Cert-Number.cUse the keyword Cert-Number.c to enter the certificate number of eligible rental housing project.
CapitalCostUse the keyword CapitalCost to enter the capital cost of the eligible rental housing project.When calculating the capital cost, deduct the amount of government assistance.
NumberUnitsUse the keyword NumberUnits to enter the number of residential units in the eligible rental housing project.
Eligible-MonthsUse the keyword Eligible-Months to enter the number of months that the project is an eligible rental housing project in the taxation year.
Amount-CF.coUse the keyword Amount-CF.co to enter the amount of the rental housing construction tax credit to carry forward into the current year and the year in which the credit originated.The corporation may carry forward the tax credit for a maximum of 10 years. The following options are applicable for the keyword Amount-CF.co.
Cr-Trans.coUse the keyword Cr-Trans.co to enter the amount of credit transferred on an amalgamation or the wind-up of a subsidiary.
Credit-OV.coUse the keyword Credit-OV.co to override the rental housing construction tax credit claimed in the current year as calculated by DT Max.
Coop-DevelopmentUse the keyword Coop-Development to enter information concerning the Manitoba cooperative development tax credit for purposes of federal schedule 390.The following options are applicable for the keyword Coop-Development.
Amt-ContributionUse the keyword Amt-Contribution to enter the amount of contribution found on Form T2CDTC(MB).
Receipt-NumberUse the keyword Receipt-Number to enter the receipt number found on Form T2CDTC(MB).
Date-ContributionUse the keyword Date-Contribution to enter the date of the contribution found on Form T2CDTC(MB).
Amount-CF.cdUse the keyword Amount-CF.cd to enter the amount of the cooperative development tax credit to carry forward into the current year and the year in which the credit originated.The corporation may carry forward the tax credit for a maximum of 10 years. The following options are applicable for the keyword Amount-CF.cd.
Amount-CB.cdUse the keyword Amount-CB.cd to request a carryback of the cooperative development tax credit earned in the current year.The corporation may carry back the current-year tax credit earned for a maximum of 3 years. The following options are applicable for the keyword Amount-CB.cd.
Credit-OV.cdUse the keyword Credit-OV.cd to override the cooperative development tax credit claimed in the current year as calculated by DT Max.
SBITC-TaxCrThe New Brunswick Small Business Investor Tax Credit provides a 15% non-refundable corporate income tax credit of up to $75,000 per year (for investments of up to $500,000).In the event that an investor cannot use the entire Small Business Investor Tax Credit amount in a given year, the tax credit can be carried forward seven years or back three years. The following options are applicable for the keyword SBITC-TaxCr.
CurrYr-Credit.sUse the keyword CurrYr-Credit.s to enter the total of all credit amounts from NB-SBITC-1 certificates received for the tax year.
Amount-CF.sUse the keyword Amount-CF.s to enter the amount of the small business investor tax credit to carry forward into the current year and the year in which the credit originated.The corporation may carry forward the tax credit for a maximum of 7 years. The following options are applicable for the keyword Amount-CF.s.
Amount-CB.sUse the keyword Amount-CB.s to request a carryback of the small business investor tax credit earned in the current year.The corporation may carry back the current-year tax credit earned for a maximum of 3 years. The following options are applicable for the keyword Amount-CB.s.
Credit-OV.sUse the keyword Credit-OV.s to override the small business investor tax credit claimed in the current year as calculated by DT Max.
SBVC-TaxCrUse the keyword SBVC-TaxCr if the corporation wishes to claim the non-refundable small business venture capital tax credit for an eligible investment in emerging enterprises that require larger amounts of investment capital than community ownership can provide. The credit will apply to securities acquired on or after January 1, 2008.The following options are applicable for the keyword SBVC-TaxCr.
Credit-AmtUse the keyword Credit-Amt to enter the corporation's credit amount from community enterprise investment tax credit receipts.
CrUnion-DedUse the keyword CrUnion-Ded to specify the source used to calculate the credit union deduction.The following options are applicable for the keyword CrUnion-Ded.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Member-ClassA credit union may deduct all payments (including bonus interest payments) made pursuant to allocations in proportion to borrowing which are paid to its members within the year or within 12 months thereafter. This deduction may only be made to the extent that the payments were not deductible in the immediately preceeding taxation year.Use the keyword Member-Class to specify the class of members for whom the rate of interest payable in relation to the money borrowed is the same.
Class-IntUse the keyword Class-Int to enter the amount of interest payable by all members of the class.
TotalFundsUse the keyword TotalFunds to enter the total amount of borrowing or deposits made by all members of the class.
AllocationUse the keyword Allocation to enter the amount of the allocation in proportion to borrowing or bonus interest payments for the year.
Tot-PaymentsUse the keyword Tot-Payments to enter the total amount of payments made by the credit union to its members in the year.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Max-Cum-ResUse the keyword Max-Cum-Res to enter the maximum cumulative reserve at the end of the preceeding year.
Pref-RateUse the keyword Pref-Rate to indicate the corporation's preferred rate at the end of the preceding year, or the preferred rate transferred upon amalgamation or winding up.The following options are applicable for the keyword Pref-Rate.
CrUnionDedOVThe keyword CrUnionDedOV overrides the calculation of the credit union deduction which will appear on the T2 return.The following options are applicable for the keyword CrUnionDedOV.
Cred-FilmUse the keyword Cred-Film to indicate the type of production (film, video or television) for which a tax credit is claimed.The following options are applicable for the keyword Cred-Film.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
See the CRA's general income tax guide: Performance-TypeUse the keyword Performance-Type to enter the type of performance.The following options are applicable for the keyword Performance-Type.
AdvanceRuling-NoUse the keyword AdvanceRuling-No to enter the number of the favourable advance ruling issued for the purposes of Quebec form CO-1029.8.36.SP.
Qual-Cert-NoUse the keyword Qual-Cert-No to enter the number of the qualification certificate delivered for the purposes of Quebec form CO-1029.8.36.SP.
Title.fUse the keyword Title.f to enter the title of the production.
Title-DubbedUse the keyword Title-Dubbed to enter the title of the dubbed version.
CertificateNoUse the keyword CertificateNo to enter the certificate number of the Société de développement des entreprises culturelles (SODEC).
CertificateNo.cUse the keyword CertificateNo.c to enter the certificate number of the Société de développement des entreprises culturelles (SODEC).
CertificateNo.fUse the keyword CertificateNo.f to enter the certificate number of the Société de développement des entreprises culturelles (SODEC).
Title-CertUse the keyword Title-Cert to enter the title of the production from the accreditation certificate, if other than the actual title of the production.This information will appear on federal schedules 422 and 423.
Begin-DateUse the keyword Begin-Date to enter the date production started, that is the date when principal filming or taping began.
Film-NumberUse the keyword Film-Number to enter the CAVCO film identification number. Enter only the five last digits.
CertificateUse the keyword Certificate to enter the certificate number.
Certificate.cfUse the keyword Certificate.cf to enter the certificate number.
OCASE-Estim-CrUse the keyword OCASE-Estim-Cr to enter the estimated Ontario computer animation and special effects tax credit for this production.
Estim-ProductUse the keyword Estim-Product to enter the estimated production costs, qualifying Ontario labour expenditure and Ontario film and television tax credit (OFTTC) for this production.The following options are applicable for the keyword Estim-Product.
Prod-CompleteProd-Complete whether production was completed in tax yearThe following options are applicable for the keyword Prod-Complete.
Prov-FilmUse the keyword Prov-Film to enter the amount of the provicial film tax credit indicated on the relevant film certificate. This represents the amount of film tax credit that will be claimed for the taxation year.
RulingUse the keyword Ruling to select the type of film production for purposes of the Quebec tax credit.The following options are applicable for the keyword Ruling.
Foreign-FormatUse the keyword Foreign-Format to indicate whether or not the film is a film adapted from a foreign format. If "No" is entered, the corporation is entitled to an increase in the base rates for an eligible film that is not a film adapted from a foreign format.
A film adapted form a foreign format means: - in the case of a film production, a production the rights to which were granted for adaptation in Québec and which is a new version of a film previously brought to the screen that is not itself a remake of another work, such as a literary or theatre work. The following options are applicable for the keyword Foreign-Format.
ProductionUse the keyword Production to specify the type of production. DT Max will tick the relevant boxes.The following options are applicable for the keyword Production.
Production.cUse the keyword Production.c to specify the type of production. DT Max will tick the relevant boxes.The following options are applicable for the keyword Production.c.
CostUse the keyword Cost to enter the production cost at the end of the taxation year.For the tax credit for Quebec film productions (CO-1029.8.35), use the total production costs.
Prod-InfoUse the keyword Prod-Info to indicate when the application for an advance ruling or a certificate had been submitted to the SODEC.The following options are applicable for the keyword Prod-Info.
Cert-Date.cUse the keyword Cert-Date.c to enter the date on which the application for an advanced ruling or for a certificate has been submitted to the SODEC.
Optimize.fUse the keyword Optimize.f to indicate whether or not you wish that DT Max chooses the most advantageous tax credit between the cost-of-salaries and the cost-of-production tax credit.The following options are applicable for the keyword Optimize.f.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
See the CRA's general income tax guide: Production-DateUse the keyword Production-Date to enter dates respecting the film or video production.The following options are applicable for the keyword Production-Date.
Prod-Info.cUse the keyword Prod-Info.c to indicate whether or not box 09a, 10c, 10d or 10e applies.The following options are applicable for the keyword Prod-Info.c.
Wages-EmployeesUse the keyword Wages-Employees to enter the eligible salaries of actual deemed residents and residents of Manitoba.The following options are applicable for the keyword Wages-Employees.
NameParentUse the keyword NameParent to enter the name of the parent corporation (only if a repayment has been entered).
BN-ParentUse the keyword BN-Parent to enter the business number of the parent corporation (only if a repayment has been entered).
Labour-Exp.fUse the keyword Labour-Exp.f to indicate the type of labour expenditures that were incurred in the year.The following options are applicable for the keyword Labour-Exp.f.
Cost.cUse the keyword Cost.c to enter the production costs incurred in the year, during the period(s) covered by the form and that have been paid.
Salaries&WagesUse the keyword Salaries&Wages to enter the salaries or wages paid by the corporation to its employees for eligible dubbing services rendered in Quebec.The following options are applicable for the keyword Salaries&Wages.
Consid-PaidUse the keyword Consid-Paid to enter the consideration paid by the corporation to a partnership, or to a person who is not an employee, for eligible dubbing services rendered in Quebec.The following options are applicable for the keyword Consid-Paid.
BonusRateUse the keyword BonusRate to indicate whether or not bonus rate applies to certain eligible property.If the production started before March 29, 2017, a 8% rate is applicable if the production has received no financial assistance from a public body. If the production started after March 28, 2017, the bonus rate is determined by the ratio between financial assistance from a public body and the total production costs. The following options are applicable for the keyword BonusRate.
BonusRate.lUse the keyword BonusRate.l to indicate whether or not an additional 8% Manitoba production company bonus rate applies.
To claim the additional 8% Manitoba production company bonus an eligible film corporation must meet the following conditions: The following options are applicable for the keyword BonusRate.l.
AssistanceUse the keyword Assistance to enter the amount of assistance received.The following options are applicable for the keyword Assistance.
SalariesUse the keyword Salaries to enter the salaries and wages paid.The following options are applicable for the keyword Salaries.
Payroll-TaxesPayroll taxes refer to contributions made to the Quebec Pension Plan, the Commission des normes du travail, the Quebec Parental Insurance Plan and Employment Insurance. These taxes however do not include contributions to the Health Services Fund.
RemunerationUse the keyword Remuneration to enter amounts for other remuneration directly attributable to the production.The following options are applicable for the keyword Remuneration.
Prod-ExpensesUse the keyword Prod-Expenses to enter the production costs directly attributable to the production of the property, incurred and paid in the year.
The following options are applicable for the keyword Prod-Expenses.
Rate-LabourCapUse the keyword Rate-LabourCap to enter the rate of the deemed labour cap that is specified on the Certificate of Completion.
RepaymentUse the keyword Repayment to enter the amount and type of repayment.The following options are applicable for the keyword Repayment.
Consid-RecUse the keyword Consid-Rec to enter the consideration received during the year or during a previous year for carrying out a film contract.
Prev-Yr-InfoUse the keyword Prev-Yr-Info to enter the information pertaining to previous years.The following options are applicable for the keyword Prev-Yr-Info.
TransferUse the keyword Transfer to enter the amount which the corporation transferred, pursuant to the terms of a reimbursement agreement, to a wholly-owned subsidiary claiming the amount as a labour expenditure.
QPE-LimitUse the keyword QPE-Limit to enter the amounts pertaining to the qualified production expenditure limit.The following options are applicable for the keyword QPE-Limit.
Labour-Exp.cfUse the keyword Labour-Exp.cf to indicate the type of labour expenditures that were incurred in the year.This keyword will appear if the Optimize.f keyword is blank or if "No" is selected. The following options are applicable for the keyword Labour-Exp.cf.
Cost.cUse the keyword Cost.c to enter the production costs incurred in the year, during the period(s) covered by the form and that have been paid.
Salaries&WagesUse the keyword Salaries&Wages to enter the salaries or wages paid by the corporation to its employees for eligible dubbing services rendered in Quebec.The following options are applicable for the keyword Salaries&Wages.
Consid-PaidUse the keyword Consid-Paid to enter the consideration paid by the corporation to a partnership, or to a person who is not an employee, for eligible dubbing services rendered in Quebec.The following options are applicable for the keyword Consid-Paid.
BonusRateUse the keyword BonusRate to indicate whether or not bonus rate applies to certain eligible property.If the production started before March 29, 2017, a 8% rate is applicable if the production has received no financial assistance from a public body. If the production started after March 28, 2017, the bonus rate is determined by the ratio between financial assistance from a public body and the total production costs. The following options are applicable for the keyword BonusRate.
BonusRate.lUse the keyword BonusRate.l to indicate whether or not an additional 8% Manitoba production company bonus rate applies.
To claim the additional 8% Manitoba production company bonus an eligible film corporation must meet the following conditions: The following options are applicable for the keyword BonusRate.l.
AssistanceUse the keyword Assistance to enter the amount of assistance received.The following options are applicable for the keyword Assistance.
SalariesUse the keyword Salaries to enter the salaries and wages paid.The following options are applicable for the keyword Salaries.
Payroll-TaxesPayroll taxes refer to contributions made to the Quebec Pension Plan, the Commission des normes du travail, the Quebec Parental Insurance Plan and Employment Insurance. These taxes however do not include contributions to the Health Services Fund.
RemunerationUse the keyword Remuneration to enter amounts for other remuneration directly attributable to the production.The following options are applicable for the keyword Remuneration.
Prod-ExpensesUse the keyword Prod-Expenses to enter the production costs directly attributable to the production of the property, incurred and paid in the year.
The following options are applicable for the keyword Prod-Expenses.
Rate-LabourCapUse the keyword Rate-LabourCap to enter the rate of the deemed labour cap that is specified on the Certificate of Completion.
RepaymentUse the keyword Repayment to enter the amount and type of repayment.The following options are applicable for the keyword Repayment.
Consid-RecUse the keyword Consid-Rec to enter the consideration received during the year or during a previous year for carrying out a film contract.
Prev-Yr-InfoUse the keyword Prev-Yr-Info to enter the information pertaining to previous years.The following options are applicable for the keyword Prev-Yr-Info.
TransferUse the keyword Transfer to enter the amount which the corporation transferred, pursuant to the terms of a reimbursement agreement, to a wholly-owned subsidiary claiming the amount as a labour expenditure.
QPE-LimitUse the keyword QPE-Limit to enter the amounts pertaining to the qualified production expenditure limit.The following options are applicable for the keyword QPE-Limit.
Labour-Exp.cUse the keyword Labour-Exp.c to indicate the type of labour expenditures that were incurred in the year.This keyword will appear if "Yes" is selected for the Optimize.f keyword. The following options are applicable for the keyword Labour-Exp.c.
Cost.cUse the keyword Cost.c to enter the production costs incurred in the year, during the period(s) covered by the form and that have been paid.
Salaries&WagesUse the keyword Salaries&Wages to enter the salaries or wages paid by the corporation to its employees for eligible dubbing services rendered in Quebec.The following options are applicable for the keyword Salaries&Wages.
Consid-PaidUse the keyword Consid-Paid to enter the consideration paid by the corporation to a partnership, or to a person who is not an employee, for eligible dubbing services rendered in Quebec.The following options are applicable for the keyword Consid-Paid.
BonusRateUse the keyword BonusRate to indicate whether or not bonus rate applies to certain eligible property.If the production started before March 29, 2017, a 8% rate is applicable if the production has received no financial assistance from a public body. If the production started after March 28, 2017, the bonus rate is determined by the ratio between financial assistance from a public body and the total production costs. The following options are applicable for the keyword BonusRate.
BonusRate.lUse the keyword BonusRate.l to indicate whether or not an additional 8% Manitoba production company bonus rate applies.
To claim the additional 8% Manitoba production company bonus an eligible film corporation must meet the following conditions: The following options are applicable for the keyword BonusRate.l.
AssistanceUse the keyword Assistance to enter the amount of assistance received.The following options are applicable for the keyword Assistance.
SalariesUse the keyword Salaries to enter the salaries and wages paid.The following options are applicable for the keyword Salaries.
Payroll-TaxesPayroll taxes refer to contributions made to the Quebec Pension Plan, the Commission des normes du travail, the Quebec Parental Insurance Plan and Employment Insurance. These taxes however do not include contributions to the Health Services Fund.
RemunerationUse the keyword Remuneration to enter amounts for other remuneration directly attributable to the production.The following options are applicable for the keyword Remuneration.
Prod-ExpensesUse the keyword Prod-Expenses to enter the production costs directly attributable to the production of the property, incurred and paid in the year.
The following options are applicable for the keyword Prod-Expenses.
Rate-LabourCapUse the keyword Rate-LabourCap to enter the rate of the deemed labour cap that is specified on the Certificate of Completion.
RepaymentUse the keyword Repayment to enter the amount and type of repayment.The following options are applicable for the keyword Repayment.
Consid-RecUse the keyword Consid-Rec to enter the consideration received during the year or during a previous year for carrying out a film contract.
Prev-Yr-InfoUse the keyword Prev-Yr-Info to enter the information pertaining to previous years.The following options are applicable for the keyword Prev-Yr-Info.
TransferUse the keyword Transfer to enter the amount which the corporation transferred, pursuant to the terms of a reimbursement agreement, to a wholly-owned subsidiary claiming the amount as a labour expenditure.
QPE-LimitUse the keyword QPE-Limit to enter the amounts pertaining to the qualified production expenditure limit.The following options are applicable for the keyword QPE-Limit.
Credit-TypesUse the keyword Credit-Types to indicate the type of film tax credit that the corporation is claiming.The following options are applicable for the keyword Credit-Types.
Inter-ProvFor interprovincial co-productions, use the keyword Inter-Prov to enter the percentage of the copyright beneficially owned by the corporation.If it is not an interprovincial co-production, enter 100%. The following options are applicable for the keyword Inter-Prov.
Episodic-ProdUse the keyword Episodic-Prod to enter the total amount of accredited qualified BC labour expenditures for the specific episodes.
Amount.bcUse the keyword Amount.bc to enter the amount of qualified British Columbia labour expenditures for purposes of the regional production services tax credit or additional production services tax credit.This information is required on federal schedule 423.
Episode-NqUse the keyword Episode-Nq to enter the B.C. labour relating to non qualifying episodes that are intended for television broadcast.
AnimationUse the keyword Animation to indicate if this is an animation production that started key animation after June 26, 2015.The following options are applicable for the keyword Animation.
Days-PhotoUse the keyword Days-Photo to enter the total number of days of principal photography in British Columbia outside of the designated Vancouver area, as well as the total number of days of principal production in B.C.The following options are applicable for the keyword Days-Photo.
BC-LabourExpUse the keyword BC-LabourExp to indicate the type of British Columbia labour expense incurred for the year.The following options are applicable for the keyword BC-LabourExp.
BC-TrainUse the keyword BC-Train to enter B.C. labour expenditures paid to B.C.-based individuals in an approved training program.
BC-AssistUse the keyword BC-Assist to enter any assistance or reimbursement for the training program.
Rate-CreditUse the keyword Rate-Credit to enter the rate of credit specified on the Advance Certificate of Eligibility or the Certificate of Completion.
EligLabour-%Use the keyword EligLabour-% to enter the percentage of eligible hours specified on the Advance Certificate of Eligibility or the Certificate of Completion for purposes of the frequent filming bonus tax credit.
CoProd-ShareUse the keyword CoProd-Share to enter the percentage of the production costs of the property that is attributable to the corporation with respect to the co-production.
ContactName.fUse this keyword to enter the name of the contact person, if it is not the same individual entered in ContactName in the Address group.
ContactPhone.fUse this keyword to enter the telephone number of the contact person, if it is not the same telephone number entered in Phone in the Address group.
Inter-PhoneNum.fUse the keyword Inter-PhoneNum.f only if you wish to print the international telephone number of the contact person on the Federal film schedules as opposed to the telephone number entered within the keyword ContactPhone.f.It can be up to 15 numeric characters and is entered with no spaces, hyphens or other characters.
Factor-OVDT Max automatically calculates the multiplication factor on line 48 of form CO-1029.8.35. Use the keyword Factor-OV if you would like to override this calculation with a different percentage.
CreditOV.cUse the keyword CreditOV.c to override the Quebec tax credit claimed in the current year as calculated by DT Max.
Digital-MediaUse the keyword Digital-Media if you wish to claim a multimedia or digital media tax credit depending on the corporation's level of specialization.The following options are applicable for the keyword Digital-Media.
Partner-Info.dmUse the keyword Partner-Info.dm to indicate whether the partnership is an eligible partnership whereby the corporation is a member, an intermediary partnership whereby the corporation is a member, or an eligible partnership whereby the corporation is a member by an intermediary partnership.The following options are applicable for the keyword Partner-Info.dm.
Partner-Name.dmEnter the name of the partnership using the keyword Partner-Name.dm, for purposes of the Quebec form CO-1029.8.36.PR. The same name must also be entered in the keyword Name.re or Name-Partner.m within the RelatedParty group in order to allow entry of other data pertaining to the partnership.
EmployeeNameEnter the name of the eligible employee in respect of whom the corporation is claiming the tax credit.To qualify as an eligible employee, an employee must report for work at an establishment of the qualified corporation situated in Québec and is not an excluded employee.
SIN.emUse the keyword SIN.em to enter the social insurance number of the eligible employee.
Cert-DateIssueUse the keyword Cert-DateIssue to enter the date of issuance of the certificate.
CertificateNumUse the keyword CertificateNum to enter the certificate number.
Cert-StartPeriodUse the keyword Cert-StartPeriod to enter the start date covered by the certificate.
Cert-EndPeriodUse the keyword Cert-StartPeriod to enter the end date covered by the certificate.
Qual-WagesEnter the portion of wages calculated in accordance with the Taxation Act that a qualified corporation incurs, for that year, in respect of a qualified employee.
Assistance.emThe amount of qualified wages incurred by a qualified corporation for a taxation year must be reduced by the amount of any government assistance, any non-government assistance and any profit or benefit attributable to the wages.
Wages-OthCrUse the keyword Wages-OthCr to enter the portion of the qualified wages reported at line 10 in respect of which the corporation has claimed another tax credit, or a person or a member of a partnership other than the qualified corporation or qualified partnership may be entitled to a tax credit.
Cert-Num.dUse the keyword Cert-Num.d to enter the 9-character certificate number.
Regist-NumIf the corporation applied to the British Columbia Ministry of Finance for a registered number for the purposes of claiming a British Columbia interactive digital media tax credit, use the keyword Regist-Num to enter the registration number.
Title.dUse the keyword Title.d to enter the product title.
Estim-OIDMTCUse the keyword Estim-OIDMTC to enter the estimated amount of the Ontario digital media tax credit for this product.
Specified-ProductUse the keyword Specified-Product to indicate whether or not the product is a specified product.The following options are applicable for the keyword Specified-Product.
Eligible-ExpUse the keyword Eligible-Exp to indicate the type of eligible expenditures that were incurred for the product.The following options are applicable for the keyword Eligible-Exp.
Salaries.dUse the keyword Salaries.d to enter the qualified wage amount for salaries or wages paid to employees by the qualifying corporation for the eligible product.The following options are applicable for the keyword Salaries.d.
Remuneration.dUse the keyword Remuneration.d to enter the remuneration amount incurred for the eligible product.The following options are applicable for the keyword Remuneration.d.
Prod-Expenses.dUse the keyword Prod-Expenses.d to enter the expenditures incurred for the eligible product.The following options are applicable for the keyword Prod-Expenses.d.
Assistance.dmUse the keyword Assistance.dm to enter the amount of government assistance received or receivable as a positive amount. Enter assistance repaid as a negative amount.
Eligible-Exp.dmThe keyword Eligible-Exp.dm opens to subgroup to enter information relating to the eligible digital conversion contract expenditures.The following options are applicable for the keyword Eligible-Exp.dm.
Cost-ContractEnter the portion of a qualified corporation's expenditure in respect of costs provided for in an eligible digital conversion contract in regard to the acquisition or lease of qualified property, the supply of eligible services, right of use or an eligible licence, as the case may be, incurred by the corporation, that is reasonably attributable to eligible digital conversion activities of an eligible medium specified on a qualification certificate issued to the corporation by Investissement Québec for that year.The following options are applicable for the keyword Cost-Contract.
Assist.eThe amount of expenditures related to an eligible digital conversion contract that have been incurred by a qualified corporation, for a taxation year, must be reduced by the amount of any government assistance, any non-government assistance and any profit or benefit attributable to such wages.
CrAssistRepaid.dmUse the keyword CrAssistRepaid.dm to enter the tax credit pertaining to assistance, benefit or an advantage that was repaid in the taxation year and that is related to eligible digital conversion costs of a previous taxation year.
DigitalCosts-OVUse the keyword DigitalCosts-OV to override the eligible digital conversion costs that applies to the corporation on line 58 of Quebec form CO-1029.8.36.PR.
Credit-OV.dmUse the keyword Credit-OV.dm to override the tax credit that applies to the corporation on line 79 of Quebec form CO-1029.8.36.PR.
Equity-TaxCrUse the keyword Equity-TaxCr to enter information relating to the Newfoundland and Labrador direct equity tax credit or the Nova Scotia innovation equity tax credit.The following options are applicable for the keyword Equity-TaxCr.
Cred-AmountUse the keyword Cred-Amount to enter the receipt number as well as the actual amount of the direct equity tax credit.
Credit-AmountUse the keyword Credit-Amount to enter the certificate number as well as the actual amount of the innovation equity tax credit.
Trans-AmalgUse the keyword Trans-Amalg to enter the credit that has been transferred to the corporation following an amalgamation or wind-up of a subsidiary.
Amount-CF.dUse the keyword Amount-CF.d to enter the amount of the direct equity tax credit to carry forward into the current year and earned in the particular year of reference.The corporation may carry forward the tax credit for a maximum of 7 years. The following options are applicable for the keyword Amount-CF.d.
Amount-CB.dUse the keyword Amount-CB.d to request a carryback of a current year direct equity tax credit earned.The corporation may carry back the current year tax credit earned for a maximum of 3 years. The following options are applicable for the keyword Amount-CB.d.
Credit-OVUse the keyword Credit-OV to override the credit claimed in the current year as calculated by DT Max.
EmploymentUse the keyword Employment to indicate which type of employment credit you wish to claim.The following options are applicable for the keyword Employment.
Credit-TypeUse the keyword Credit-Type to choose the type of tax credit that applies to the apprentice.The following options are applicable for the keyword Credit-Type.
Level.cUse the keyword Level.c to indicate the level of completion of the apprenticeship program.The following options are applicable for the keyword Level.c.
Registration.cUse the keyword Registration.c to enter the registration/identification number provided by SkilledTradesBC. If there is no registration/identification number, enter the social insurance number (SIN) or the name of the employee.
Program.cUse the keyword Program.c to enter the name of the Red Seal or non-Red Seal program that the employee is enrolled in.The Red Seal programs follow national standards for content, assessment and achievement while non-Red Seal training follows provincial standards.
Program.crUse the keyword Program.cr to enter the name of the Red Seal program that the employee is enrolled in.The Red Seal programs follow national standards for content, assessment and achievement.
Salaries.cUse the keyword Salaries.c to enter the salaries and wages payable for each apprentice. The salaries and wages are net of any other government and non-government assistance received, to be received, or that you are entitled to receive, other than the training tax credit, the shipbuilding and ship repair industry tax credit,and the federal investment tax credit on apprenticeship job creation.
Salaries.crUse the keyword Salaries.cr to enter the salaries and wages payable for employment for each apprentice. The salaries and wages are net of any other government and non-government assistance received, to be received, or that you are entitled to receive, other than the training tax credit, the shipbuilding and ship repair industry tax credit, and the federal investment tax credit on apprenticeship job creation.The following options are applicable for the keyword Salaries.cr.
NameEmployee.cUse the keyword NameEmployee.c to enter the name of the employee.
SalaryUse the keyword Salary to enter the total salaries paid by the corporation for employee work placement and total salaries paid for employee work placement.The following options are applicable for the keyword Salary.
PrevYr-CreditUse the keyword PrevYr-Credit to enter the amount of incentive for the previous year for this work placement.
Employ-DaysUse the keyword Employ-Days to enter the number of days in the qualifying period of employment.
CrAlloc-PartUse the keyword CrAlloc-Part to enter the amount of credit allocated for employee whose salary and wages were paid by a partnership.
FedApprentice-CrThe incentive that a corporation may claim under subsection (6) of the Manitoba Income Tax Act in respect of a period of employment is reduced by the amount, if any, that the corporation may claim under subsection 127(9) of the federal Act as an investment tax credit for an apprenticeship expenditure in respect of the apprentice.Use the keyword FedApprentice-Cr to enter the amount received or receivable from Federal apprenticeship job creation tax credit.
Partner-Name.eEnter the name of the partnership using the keyword Partner-Name.e, for purposes of the Schedule 550. The same name must also be entered in the keyword Name.re within the RelatedParty group in order to allow entry of other data pertaining to the partnership.
University.eUse the keyword University.e to enter the name of the university, college, or other eligible educational institution where the student is enrolled in a qualifying education program.
Ed-Program.eUse the keyword Ed-Program.e to enter the name of the qualifying co-operative education program in which the student is enrolled.
Name-Student.eUse the keyword Name-Student.e to enter the first name and last name of the individual enrolled in a qualifying education program.
Work-Start.eUse the keyword Work-Start.e to enter the start date of the work term of the student enrolled in a qualifying education program. A work term cannot exceed four months in duration.
Work-End.eUse the keyword Work-End.e to enter the end date of the work term of the student enrolled in a qualifying education program.
Weeks.eUse the keyword Weeks.e to enter the number of consecutive weeks of the qualifying work placement completed by the student before March 27, 2009 and after March 26, 2009.The following options are applicable for the keyword Weeks.e.
Elig-Costs.eUse the keyword Elig-Costs.e to enter the amount of eligible cost of work placement of the student enrolled in a qualifying education program.The following options are applicable for the keyword Elig-Costs.e.
Cr-AssistRepaidUse the keyword Cr-AssistRepaid to enter the amount of government assistance multiplied by the eligible percentage for the tax year in which the assistance was received.
Sole-ClaimerIf the corporation is a related corporation, use the keyword Sole-Claimer to indicate whether it has been agreed that the corporation is the only employer that will be claiming the apprenticeship job creation tax credit for the current tax year for the apprentices listed.The following options are applicable for the keyword Sole-Claimer.
ContractNumUse the keyword ContractNum to enter the apprenticeship contract number registered with Canada, or a province or territory. If there is no contract number, enter the social insurance number (SIN) or the name of the eligible apprentice.
Code.eUse the keyword Code.e to enter the Red Seal code of the apprenticeship that would qualify for the apprenticeship job creation tax credit.
Salaries.eUse the keyword Salaries.e to enter the salaries and wages paid after May 1, 2006 for each apprentice.
ProvCr-Alloc.eUse the keyword ProvCr-Alloc.e to enter the apprenticeship job creation tax credit allocated to the corporation that is a member of a partnership as well as the credit deemed as a remittance of co-op corporations.The following options are applicable for the keyword ProvCr-Alloc.e.
Amount-CB.eUse the keyword Amount-CB.e to request a carryback of the apprenticeship job creation tax credit earned in the current year.The corporation may carry back the current-year tax credit earned for a maximum of 3 years. The following options are applicable for the keyword Amount-CB.e.
Credit-OV.eUse the keyword Credit-OV.e to override the co-operative education tax credit claimed in the current year as calculated by DT Max.
ForCountryUse ForCountry to enter total foreign income, foreign tax credits for the current year or carried forward, limits on foreign tax credits, Fed ITA sect. 20(12) foreign tax deduction, sect. 110.5 foreign tax addition and foreign tax credits carried back which relate to the country specified here.
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See the CRA's general income tax guide: NetIncOV-ForNetIncOV-For will override the total net income (business or non business) for the specified country on schedule 21.The following options are applicable for the keyword NetIncOV-For.
ForTaxCrLimUse FORTAXCRLIM to limit the foreign tax credit (business or non business) to be claimed for this country. DT Max will claim the lesser of the limit entered and the maximum allowable credit calculated on schedule 21.The following options are applicable for the keyword ForTaxCrLim.
For20(12)LimUse FOR20(12)LIM to limit the Fed ITA sect. 20(12) foreign non business tax deduction to be claimed for this country. DT Max will claim the lesser of the limit entered and the maximum allowable claim as calculated by DT Max and described below.DT Max will otherwise optimize the 20(12) deduction as the difference between foreign taxes paid and the maximum allowable foreign tax credit. Use [Alt-J] to enter different values for other jurisdictions.
For110-5LimFOR110-5LIM allows you to limit the Fed ITA 110.5 addition to taxable income for this country. DT Max will add the lesser of the limit entered and the maximum allowable addition as calculated by DT Max and described below.If FOR110-5LIM is not used, DT Max will optimize the addition if the corporation is in a loss situation by adding an amount which is sufficient to allow the corporation to take advantage of the foreign tax credits available, as follows:
The amount added to taxable income is added to the corporation's current year non capital loss on schedule 4. The same amount added federally must also be added to Alberta taxable income; Quebec allows a different amount to be added, if any. However, for taxation years ending after 1992, no Quebec foreign tax addition is allowed; instead, the unused foreign non business tax credit can be carried forward seven years. Use [Alt-J] to enter different values for other jurisdictions.
ForBusCBUse FORBUSCB to indicate that the current year foreign business tax credit is being carried back. The amount carried back will appear on schedule 21 for this country.The following options are applicable for the keyword ForBusCB.
ForInvCBUse FORINVCB to indicate that the current year foreign non business tax credit is being carried back. The amount carried back will appear on the CO-17S.39-Supp schedule of carryforwards for this country. The carryback must be requested separately by amending the prior year return or requesting its amendment.The following options are applicable for the keyword ForInvCB.
ForBusCFEnter all foreign business tax credits carried forward for this country in FORBUSCF. DT Max will print these amounts on schedule 21-Supp. When the current year foreign business tax credit is calculated, these credits will be used.The following options are applicable for the keyword ForBusCF.
ForInvCFQuebec allows carryforwards of foreign non business tax credits. Enter all such tax credits carried forward for this country in FORINVCF. DT Max will print these amounts on the CO-17S.39-Supp schedule.The following options are applicable for the keyword ForInvCF.
For-TransfUse the keyword For-Transf to enter the amount of foreign tax credits transferred from amalgamation or wind-up of subsidiary.
ForTaxProvUse the keyword ForTaxProv to enter the amount of provincial foreign tax credits.The following options are applicable for the keyword ForTaxProv.
FuelCharge-CrUse the keyword FuelCharge-Cr to indicate whether or not you wish to claim the Return of Fuel Charge Proceeds to Farmers tax credit (Federal Schedule 63).This is a refundable tax credit equal to the eligible farming expenses attributable to the designated province for the tax year multiplied by the payment rate for the calendar year for the designated province. You must have incurred eligible farming expenses in Ontario, Manitoba, Saskatchewan or Alberta and the total gross eligible farming expenses must be at least $25,000 in order to be eligible for this credit. The following options are applicable for the keyword FuelCharge-Cr.
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See the CRA's general income tax guide: Farm-Exp-DedUse the keyword Farm-Exp-Ded to enter the total farming expenses that represent amounts deducted in calculating net income from farming for income tax purposes.
NonArms-TransUse the keyword NonArms-Trans to enter the amount of non-arm's length transactions. This is the portion of the amount claimed on Schedule 63 line 80 from non-arm's length transactions. This amount is excluded from the calculation of the eligible farming expenses.
GrossRev-AllocUse the keyword GrossRev-Alloc to enter the amount of gross revenue attributable to the designated province as well as the total gross revenue.DT Max will automatically pick up the relevant proportion from Federal Schedule 5. However, should you wish to enter a different proportion, you can use this keyword as well as the keyword Salaries-Alloc, if applicable, to do so. The following options are applicable for the keyword GrossRev-Alloc.
Salaries-AllocUse the keyword Salaries-Alloc to enter the amount of salaries and wages paid in designated province as well as the total salaries and wages paid.DT Max will automatically pick up the relevant proportion from Federal Schedule 5. However, should you wish to enter a different proportion you can use this keyword as well as the keyword GrossRev-Alloc, if applicable, to do so. The following options are applicable for the keyword Salaries-Alloc.
Partner-AllocUse the keyword Partner-Alloc to enter the amount of the partnership allocation tax credit for the designated province. This is the amount from box 237 from each of the T5013 slips.The following options are applicable for the keyword Partner-Alloc.
Mine-RefundUse Mine-Refund to enter the mining reclamation tax credit refund / qualifying environmetal trust tax credit allowed to the corporation.The following options are applicable for the keyword Mine-Refund.
MiningUse the keyword Mining to indicate whether or not the corporation is claiming a mining exploration tax credit.The following options are applicable for the keyword Mining.
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Mine-CertUse the keyword Mine-Cert to enter the miner certificate number.
MineralUse the keyword Mineral to enter the types of minerals for which exploration has taken place.
Proj-NameUse the keyword Proj-Name to enter the name of the project associated with the qualified mining exploration expenses reported.
Mine-TitleUse the keyword Mine-Title to enter the mineral title of the qualified mining exploration expense reported.
Mine-DivUse the keyword Mine-Div to enter the mining division of the qualified mining exploration expense reported.
ProvCr-Alloc.mUse the keyword ProvCr-Alloc.m to enter the mining exploration tax credit allocated to the corporation.The amount entered will appear on federal Schedules 31 and 421. The following options are applicable for the keyword ProvCr-Alloc.m.
Expenses.mUse the keyword Expenses.m to specify the period during which mining expenses were incurred.The following options are applicable for the keyword Expenses.m.
Mining-ExpUse the keyword Mining-Exp to indicate the category and amount of qualified mining exploration expenses.The following options are applicable for the keyword Mining-Exp.
Assist-MineUse the keyword Assist-Mine to enter as a positive value the total amount of all assistance (grants, subsidies, rebates, and forgivable loans) or reimbursements that the corporation has received or is entitled to.Also use this keyword to enter as a negative value the total amount of assistance repaid.
OdourControlUse the keyword OdourControl to enter information relating to federal schedule 385 (Manitoba odour control tax credit).The following options are applicable for the keyword OdourControl.
Amount-ExpAn eligible expenditure refers to the capital cost of a depreciable capital property (e.g lagoon covers, straw cannons and fitters) acquired by the corporation after April 19, 2004, and before 2018, primarily for the purpose of preventing, reducing or eliminating odour that arises from organic waste used or created in the course of its business in Manitoba.Use the keyword Amount-Exp to enter the eligible expenditures of the corporation for purposes of federal schedule 385.
EligExp-AllocUse the keyword EligExp-Alloc to enter the corporation's share of the eligible expenditures that have been allocated.The following options are applicable for the keyword EligExp-Alloc.
Transf-AmalgUse the keyword Transf-Amalg to enter the credit transferred to the corporation upon amalgamation or wind-up of a subsidiary.
Amount-CF.oUse the keyword Amount-CF.o to enter the amount of the odour control tax credit to carry forward into the current year and the year in which the credit originated.The corporation may carry forward the tax credit for a maximum of 10 years. The following options are applicable for the keyword Amount-CF.o.
Amount-CB.oUse the keyword Amount-CB.o to request a carryback of an odour control tax credit earned in the current year.The corporation may carry back the current-year tax credit earned for a maximum of 3 years. The following options are applicable for the keyword Amount-CB.o.
Credit-OV.oUse the keyword Credit-OV.o to override the odour control tax credit claimed in the current year as calculated by DT Max.The following options are applicable for the keyword Credit-OV.o.
Ont-TransitionUse the keyword Ont-Transition to enter information relating to the Ontario transitional tax debits and credits calculation found on federal schedule 506.The following options are applicable for the keyword Ont-Transition.
Credit-CFUse the keyword Credit-CF to enter the unused transitional tax credit carried forward from the previous year (amount from line 580 of the previous year).
Cr-Transf-CFUse the keyword Cr-Transf-CF to enter the unused transitional tax credit transferred from a predecessor corporation or a subsidiary on an eligible amalgamation or an eligible post-2008 windup.
Fed-Balance.oUse the keyword Fed-Balance.o to enter the components of a corporation's total federal balance.The following options are applicable for the keyword Fed-Balance.o.
Ont-Balance.oUse the keyword Ont-Balance.o to enter the components of a corporation's total Ontario balance.The following options are applicable for the keyword Ont-Balance.o.
Trans-BalanceUse the keyword Trans-Balance to choose the type of transitional balance.The following options are applicable for the keyword Trans-Balance.
Name-PredUse the keyword Name-Pred to enter the name of the predecessor corporation with a PE in Ontario.
Name-SubUse the keyword Name-Sub to enter the name of the wound-up subsidiary with a PE in Ontario.
Fed-BalanceUse the keyword Fed-Balance to enter either the total federal balance of the predecessor corporation immediately before the eligible amalgamation or the total federal balance of the subsidiary corporation immediately after the completion time of the windup.
Ont-BalanceUse the keyword Ont-Balance to enter either the total Ontario balance of the predecessor corporation immediately before the eligible amalgamation or the total Ontario balance of the subsidiary corporation immediately after the completion time of the windup.
Days.tUse the keyword Days.t to enter the applicable days in the reference period.A corporation's "reference period" is the period that begins at the beginning of the corporation's first taxation year ending after 2008 and that ends either five calendar years later or, if earlier, the end of 2013. For a corporation with a taxation year that includes the start of 2009, the beginning of its reference period coincides with its transition time. The following options are applicable for the keyword Days.t.
Transfers-AmtUse the keyword Transfers-Amt to enter the amount of specified pre-2009 transfers.If you are the transferee and have received a property in your tax year ending in 2008, enter the transferor's adjusted POD. If you are the transferor and have disposed of a property in your tax year ending after 2008, enter the transferee's AOC. The following options are applicable for the keyword Transfers-Amt.
Election-R&DUse the keyword Election-R&D to indicate if the corporation is making an election under clause (b) of the definition of "I" in paragraph 1 of subsection 48(4) of the Taxation Act, 2007 (Ontario).This election may be made if the tax year includes January 1, 2009 or the previous tax year-end is deemed to be December 31, 2008, under subsection 249(3). The following options are applicable for the keyword Election-R&D.
Early-TerminateUse the keyword Early-Terminate to indicate the reason for the early termination of the amortization period, if it applies to the corporation.The following options are applicable for the keyword Early-Terminate.
EarlyTerm-DateUse the keyword EarlyTerm-Date to enter the date of early termination of the amortization period.
Relevant-OAFUse the keyword Relevant-OAF to enter the relevant Ontario allocation factor.The following options are applicable for the keyword Relevant-OAF.
Prev-Years.oUse the keyword Prev-Years.o to enter the previous years information, if electing to reduce the federal SR&ED expenditure pool.The following options are applicable for the keyword Prev-Years.o.
Days-Period-OVUse the keyword Days-Period-OV to override to number of days in the reference period or the number of days in the amortization period.The following options are applicable for the keyword Days-Period-OV.
PoliticContrDT Max will add back all political contributions entered in PoliticContr to net income on schedule 1. The amount entered will be used to calculate the allowable federal and provincial political contribution tax credits.Attach receipts related to the political contributions to the tax returns filed where a credit or deduction (Ontario only) is being requested on the return. The following options are applicable for the keyword PoliticContr.
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Politic-CFUse Politic-CF to enter the amount of political contributions that have been carried forward.The following options are applicable for the keyword Politic-CF.
Politic-LimUse Politic-Lim to limit the political contributions to be used in order to claim the tax credit this year for purposes of federal schedule 525.This amount may not exceed the maximum allowable current year Ontario political contribution tax credit.
ProvCreditOVUse the keyword ProvCreditOV to override provincial credits to be claimed this year. These credits are relevant only if the corporation operates in the province to which the credit relates.The following options are applicable for the keyword ProvCreditOV.
Cert#Use the keyword # to enter the certificate number.
Cred-AvailUse the keyword Cred-Avail to enter the credit available.
Transfer-AmalgUse the keyword Transfer-Amalg to enter the credit transferred on an amalgamation.
Prev-Yr-CrUse the keyword Prev-Yr-Cr to enter the credit at the end of the preceding year.
Resort-PropertyUse the keyword Resort-Property if you are a qualifying investor that made an eligible investment in a qualifying resort development property unit in Newfoundland and Labrador after June 13, 2007.The following options are applicable for the keyword Resort-Property.
Credit.rUse the keyword Credit.r to enter the receipt number and the amount of the resort property investment tax credit.
TaxWithheldUse TaxWithheld to enter any income taxes withheld at source as shown on information slips received by the corporation such as the NR4B, T4A or T4A-NR slips. These are taxes other than instalment payments or foreign taxes. The amount entered here will appear on line 800 of the T2 return. Attach the information slips supporting the taxes withheld to the T2 return filed.
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See the CRA's general income tax guide: QC-TaxWithheldUse QC-TaxWithheld to enter any income taxes withheld at source if the corporation has received, for services performed in Quebec, a payment that was subject to withholding tax at source. The amount entered here will appear on line 440b of the CO-17 return.
TotPaymentsUse the keyword TotPayments to enter the total payments received on which tax was withheld at source.This information will appear on page 8 of the federal jacket (Schedule 200) and on page 1 of the Quebec jacket (CO-17). Use [Alt-J] to enter different values for other jurisdictions.
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VentCap-BCUse VentCap-BC to enter the amount invested in a qualified venture capital corporation during the current taxation year. DT Max will calculate the amount of credit allowed as 30% of the amount entered here. The credit claimed will appear on line 656 of schedule 5. Any unused credits can be carried forward for four taxation years.To override the calculated credit, enter the amount to be claimed in the ProvCreditOV keyword relating to the B.C. venture capital credit.
VentCap-TaxCrThe corporation can claim a 30% non-refundable Newfoundland and Labrador venture capital tax credit if the corporation is a qualifying investor and received a certificate for the year or has unused tax credits from any of the three previous years ending after 2013.The maximum lifetime credit that a qualifying investor can claim is $75,000 based on one or more qualifying investments totalling $250,000. The following options are applicable for the keyword VentCap-TaxCr.
CurrYr-Credit.vUse the keyword CurrYr-Credit.v to enter the total of all credit amounts from venture capital tax credit certificates received for the tax year.
CurrYrCreditUse the keyword CurrYrCredit to enter the certificate number issued by the Minister of Finance and Treasury board of the province for the current tax year and the corresponding amount.
Amount-CF.vUse the keyword Amount-CF.v to enter the amount of the venture capital tax credit to carry forward into the current year and the year in which the credit originated.The corporation may carry forward the tax credit for a maximum of 7 years. The following options are applicable for the keyword Amount-CF.v.
Amount-CB.vUse the keyword Amount-CB.v to request a carryback of the venture capital tax credit earned in the current year.The corporation may carry back the current-year tax credit earned for a maximum of 3 years. The following options are applicable for the keyword Amount-CB.v.
Credit-OV.vUse the keyword Credit-OV.v to override the venture capital tax credit claimed in the current year as calculated by DT Max.
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