  Identification |
This is the name of the corporation which will appear on the tax return and by which the corporation is identified. This name will appear on the top of each page of the tax return.
 See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 002 - Corporation's name
 See the CRA's general income tax guide:
Line 002 - Corporation's name
Use Ident-Name to enter the name of the corporation which will appear in your DT Max T2 client database. This name will not print on the client's tax return nor on any forms or schedules except for the AT1 Alberta return, and the applicable GIFI form as the operating name of the corporation.
This is the year end of the corporation which will appear on the top of each page of the tax return.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 061 - Year-end
See the CRA's general income tax guide:
Lines 060, 061, 063, 065 - To which tax year does this return apply?
DT Max uses the corporation type entered for identification and calculation purposes.
Where relevant, a group of keywords will appear when the corporation type is such that the corporation can also be a subject corporation or an investment corporation.
The following options are applicable for the keyword CorpType.
Cdn controlled private corp. Canadian-controlled private corporations are eligible for the small business deduction. DT Max will calculate the deduction for these corporations.
Other private corporation Private corporations are subject to part IV tax. They may receive a dividend refund on taxable dividends paid and can have a refundable dividend tax on hand (RDTOH) account. For tax years that begin after 2018, a private corporation's dividend refund will be calculated by reference to two new accounts, the eligible refundable dividend tax on hand (ERDTOH) and the non-eligible refundable dividend tax on hand (NERDTOH). They will replace the existing RDTOH account for those years.
If relevant, enter dividends received in the IncomeSource group, taxable dividends paid in the DividendPaid keyword, the opening RDTOH balance in the RDTOH-CF keyword, the opening ERDTOH balance in the ERDTOH-CF keyword and the opening NERDTOH balance in the NERDTOH-CF keyword. Enter investment income subject to refundable part I tax in the IncomeSource group.
Public corporation
Cdn corp contr by public corp These are other corporation types classified on the federal T2 return. No small business deduction will be calculated for these corporations. If a corporation of this type is a subject corporation for part IV tax purposes, choose "Yes" in the SubjectCorp keyword in the CorpType group.
Co-operative
Credit union Co-operative corporations and credit unions are eligible for the small business deduction also. DT Max will calculate the deduction for these corporations. These corporations will be classified as "other" on the federal T2 return.
Non resident corporation This corporation type will be classified as "other" on the federal T2 tax return. Enter the country of the corporation's residence in the Country keyword so it will print on the federal T2 return.
Federal Crown corporation Federal Crown corporations are exempt from parts I and I.3 tax and deemed not to be private corporations. DT Max will not calculate any federal tax for these corporations. This corporation type will be classified as "other" on the T2 return.
Municipal or provincial corp Provincial corporations or municipalities are exempt from parts I and I.3 tax and deemed not to be private corporations for part IV tax. DT Max will not calculate any federal tax for these corporations. This corporation type will be classified as "other" on the federal T2 return.
Exempt-NPO SR&ED-ITA 149(1)(j) Fed ITA 149(1)(j) non profit organizations for SR&ED are classified as tax-exempt on the federal T2 return. DT Max will not calculate federal tax for these corporations.
Exempt - ITA 149(1)(e) Fed ITA 149(1)(e) tax-exempt corporations consist of agricultural organizations, boards of trade and chambers of commerce.
Exempt - ITA 149(1)(l) Fed ITA 149(1)(l) tax-exempt corporations consist of clubs, societies or organizations operated solely for social welfare, civic improvement, recreation or any other non profit purpose.
Exempt other per ITA 149 Exempt under other paragraphs of Fed ITA section 149.
Other type of corp (specify) This corporation type will be classified as "other" on the federal T2.
Other corp, non share capital Other corporations which are non share capital are separately classified as non share capital corporations on page 1 of the CT-23 return.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 040 - Type of corporation
Line 080 - Non resident corporation
Line 085 - Tax exemption under section 149
Line 265 - Taxable dividends paid
Line 268 - GRIP
Line 269 - LRIP
Line 638 - General tax reduction for CCPC's
Line 639 - General tax reduction
See the CRA's general income tax guide:
Lines 040 and 043 - Type of corporation at the end of the tax year
Lines 080 to 082 - Is the corporation a resident of Canada?
Line 085 - If the corporation is exempt from tax under section 149
Lines 638 and 639 - General tax reduction
Use NonRes-Id to indicate the income tax account number assigned to the corporation in the country of residence.
Choose "YES" if the corporation is a subject corporation for part IV tax purposes. DT Max will calculate part IV tax on dividends received. Dividends entered in the IncomeSource group will be listed on schedule 3 (T2S(3)).
The following options are applicable for the keyword SubjectCorp.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 203 - Dividends received/taxable dividends paid
Use the keyword Country-Incorp to enter the name of the country in which the corporation was incorporated or is deemed to have been incorporated according to subsection 250(5.1) of the Income Tax Act.
Use the keyword Discontinuance to indicate whether a certificate of discontinuance was issued to the non-resident corporation incorporated in Canada.
The following options are applicable for the keyword Discontinuance.
Use the keyword NR-Income to identify the situation of the non-resident corporation, depending on the Canadian income earned.
The following options are applicable for the keyword NR-Income.
Actor corporation (section 216.1)
Authorized foreign bank
Emigrant corporation
Life insurance corporation
LLC, LLP, or LLLP
Non-resident - Canadian branch
Non-resident - disposition of TCP
Non-resident - section 216
Other insurance corporation
Travelling corporation
Treaty-based exempt corporation
Use InvestCorp to indicate this corporation is an investment corporation of the type entered.
The following options are applicable for the keyword InvestCorp.
Public investment corporation Public investment corporations can claim federal and provincial capital gains refunds. DT Max will also calculate the deduction allowed for the corporate surtax base for these corporations on the T2 return.
Mortgage investment corporation Mortgage investment corporations will be identified as such on federal Schedule 524.
Mutual fund corporation Mutual fund corporations can claim federal and provincial capital gains refunds. DT Max will also calculate the deduction allowed for the corporate surtax base for these corporations on the T2 return.
These corporations will be identified as this type on page 1 of the Ontario CT-23 and Alberta AT1 returns.
Public investment/mutual fund corp. Corporations which are both public investment and mutual fund corporations can claim federal and provincial capital gains refunds. DT Max will also calculate the deduction allowed for the corporate surtax base for these corporations on the T2 return.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 620 - Investment corporation deduction
See the CRA's general income tax guide:
Lines 620 and 624 - Investment corporation deduction
Use Election.c if the corporation has elected under subsection 89(11) to be deemed not to be a CCPC or has revoked under subsection 89(12) an election previously made under subsection 89(11).
If the election or revocation is made in the current tax year, use the keyword Section(89) to indicate if it is a first-time election or revocation, or a subsequent election or revocation in order to generate federal form T2002.
The following options are applicable for the keyword Election.c.
Elected not to be a CCPC under subs. 89(11) A corporation that files with the CRA on or before its filing-due date for a particular tax year an election to have subsection 89(11) apply is deemed for the purposes described in subsection 125(7)(d) not to be a CCPC at any time in or after the particular tax year.
Revocation of election under subs. 89(12) If a corporation files with the CRA on or before its filing-due date for a particular tax year a notice revoking, as of the end of the particular tax year, an election described in subsection 89(11), the election ceases to apply to the corporation at the end of the particular tax year.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 266 - Election not to be a CCPC
Line 267 - Revoke election under subsection 89(11)
Line 268 - GRIP
Line 269 - LRIP
Use Section(89) to indicate whether it is the first time that the corporation elected, or revoked an election, not to be a Canadian-controlled private corporation, or to indicate that the corporation has made a subsequent election or revocation.
The following options are applicable for the keyword Section(89).
First time election
First time revocation
Subsequent election
Subsequent revocation
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 266 - Election not to be a CCPC
Line 267 - Revoke election under subsection 89(11)
Use Month-Ext to specify whether the corporation is entitled to pay the balance of tax due three months after the end of the fiscal period as opposed to the usual two-month deadline.
Generally, all corporation taxes (with the exception of Part III and Part XII.6) are due two months after the end of the tax year. However, the tax is due three months after the end of the tax year if the following conditions apply:
- the corporation is a CCPC throughout the tax year;
- the corporation is claiming the small business deduction for the tax year, or was allowed the small business deduction in the previous tax year; and either
- the corporation’s taxable income for the previous tax year does not exceed its business limit for that tax year (if the corporation is not associated with any other corporation during the tax year); or
- the total of the taxable incomes of all the associated corporations for their last tax year ending in the previous calendar year does not exceed the total of their business limits for those tax years (if the corporation is associated with any other corporation during the tax year). The business limits are provided at Line 410.
For determining balance due dates, the taxable income for the previous year of corporations and associated, subsidiary, and predecessor corporations means taxable income before applying loss carrybacks.
Special rules apply to determine the balance due date of a new corporation formed after an amalgamation or of a parent corporation after it receives the assets of a subsidiary corporation that is winding-up. For more information, visit www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-payments/paying-your-balance-corporation-tax.html or see Guide T7B-Corp, Corporation Instalment Guide.
The following options are applicable for the keyword Month-Ext.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 896 - Extension for balance of tax due
See the CRA's general income tax guide:
Line 896 - If the corporation is a Canadian-controlled private corporation throughout the tax year, does it qualify for the one-month extension of the date the balance of tax is due?
Use Exempt-Type to indicate the type of corporation that is exempt from tax under section 149 of the Income Tax Act. This information is for purposes of schedule 200.
The following options are applicable for the keyword Exempt-Type.
Cdn controlled private corp. Canadian-controlled private corporations are eligible for the small business deduction. DT Max will calculate the deduction for these corporations.
Other private corporation Private corporations are subject to part IV tax. They may receive a dividend refund on taxable dividends paid and can have a refundable dividend tax on hand (RDTOH) account. For tax years that begin after 2018, a private corporation's dividend refund will be calculated by reference to two new accounts, the eligible refundable dividend tax on hand (ERDTOH) and the non-eligible refundable dividend tax on hand (NERDTOH). They will replace the existing RDTOH account for those years.
If relevant, enter dividends received in the IncomeSource group, taxable dividends paid in the DividendPaid keyword, the opening RDTOH balance in the RDTOH-CF keyword, the opening ERDTOH balance in the ERDTOH-CF keyword and the opening NERDTOH balance in the NERDTOH-CF keyword. Enter investment income subject to refundable part I tax in the IncomeSource group.
Public corporation
Cdn corp contr by public corp These are other corporation types classified on the federal T2 return. No small business deduction will be calculated for these corporations. If a corporation of this type is a subject corporation for part IV tax purposes, choose "Yes" in the SubjectCorp keyword in the CorpType group.
Other type of corp (specify) This corporation type will be classified as "other" on the federal T2.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 040 - Type of corporation
See the CRA's general income tax guide:
Lines 040 and 043 - Type of corporation at the end of the tax year
Use Controlled-NR to indicate whether the corporation is controlled directly or indirectly, in any manner whatever, by one or more persons not resident in Canada. This information is used to determine the applicable tax credit rate for the corporation, if claiming the Quebec tax credit for salaries and wages on form RD-1029.7.
The following options are applicable for the keyword Controlled-NR.
Use NR-YearEnd to indicate the year-end of the fiscal period used by the corporation for its Canadian business.
Use the keyword CharityType to indicate the type of organization (charity, museum, etc.) at the end of the year.
The following options are applicable for the keyword CharityType.
Select
Registered charity
Registered national arts service organization
Registered museum
Registered cultural/communications organization
Recognized political education organization
Use the keyword Date.c to enter the registration date of the charitable organization or recognized organization.
Use the keyword Regist-Num.c to enter the registration number of the recognized organization assigned by Revenu Québec.
Use the keyword Ident-Number.c to enter the identification number of the recognized organization assigned by Revenu Québec.
If you are completing the information return for a charity, use the keyword Designation.c to indicate whether the charity was designated or registered as a charitable organization, public foundation or private foundation.
The following options are applicable for the keyword Designation.c.
Charitable organization
Private foundation
Public foundation
Use the keyword LimPartnerInt.c to indicate if the charity, at any time in the taxation year, holds an interest in a limited partnership.
The following options are applicable for the keyword LimPartnerInt.c.
Use the keyword Percentage.c to enter the percentage of interest held in a limited partnership.
Use the keyword DirectInt.c to indicate if the interest held in a limited partnership was a direct interest.
The following options are applicable for the keyword DirectInt.c.
The Activity entered is used for identification purposes; it is printed on the tax return. If regular corporation is chosen i.e. none of the other types, you must specify the activity type in this keyword.
DT Max also uses the activity entered to calculate the basis of allocation of income between several juridictions when the corporation has business activities in several provinces or territories.
The following options are applicable for the keyword Activity.
Regular corp. (specify activity) Use regular corporation and enter the corporation's activity if this corporation's activity is not below. If this is a multi-jurisdiction corporation, DT Max will then request you enter the corporation's salaries and wages incurred and gross revenues earned in each jurisdiction entered in the Jurisdiction keyword group. If other allocation bases apply, select the correct activity from the options below:
Insurance corporation
Bank
Trust & loan corporation
Railway corporation
Airline corporation
Grain elevator operator
Bus operator
Truck operator Truck operators are subject to the same rules as bus operators with respect to the allocation of taxable income for multi-jurisdiction corporations.
Ship operator
Pipeline operator All of the above types are subject to special rules with respect to the allocation of taxable income for multi-jurisdiction corporations. If you choose one of the above, DT Max will request the correct allocation bases in the Jurisdiction keyword group.
Canadian M & P Choose "Manufacturing & Processing - Cdn" if the corporation meets the following conditions:
1. its activities during the year were primarily manufacturing or
processing in Canada of goods for sale or lease,
2. it was not engaged at any time during the year in any activities
that are excluded from manufacturing and processing by subparagraphs
125.1(3)(b)(i) to (ix) (e.g. farming, fishing, logging, construction,
or resource income) and
3. it did not carry out any active business outside Canada at any time
during the year.
DT Max uses this information for purposes of the manufacturing and processing profits deduction. If the corporation meets the above conditions and the net active business income of the associated group of corporations is less than $200,000, the corporation will qualify as a small manufacturing corporation.
Enter the active business income of each associated corporation in the ActiveBusInc keyword in that corporation's RelatedParty group.
Other manufacturing & processing Choose "Manufacturing & Processing - Other" if the corporation does not meet the conditions above.
Professional
Family farm corporation
Family fishing corporation If a loss is incurred by the corporation, the loss will appear as a farm loss on Schedule 4 (T2S(4)) if the Activity entered is one of these types.
Family farming and fishing corporations are exempt from tax on capital, as follows:
Quebec: No tax on capital applies on the first $300,000 of taxable capital but the corporation must pay 1/2 of the minimum tax on capital ($50 before Sept.1/91,$62.50 from Sept.1/91 until May 20/93 and $125 after May 20/93).
Ontario: No tax on capital applies if the corporation's assets and gross revenues do not exceed $1 million, otherwise the corporation is subject to a flat amount of capital tax of $100. Enter the amount of total assets and gross revenues in Assets in the TaxOnCapital group and GrossRevenue in the NetIncome group.
Other farming corporation If a loss is incurred by the corporation, the loss will appear as a restricted farm loss on Schedule 4 (T2S(4)) if the Activity entered is this type. For Quebec purposes, other farming corporations are exempt from tax on capital in the same way as family farming corporations.
Other fishing corporation If a loss is incurred by the corporation, the loss will appear as a restricted farm loss on Schedule 4 (T2S(4)) if the Activity entered is this type. For Quebec purposes, other fishing corporations are exempt from tax on capital in the same way as family fishing corporations.
Mining For Quebec purposes, mining corporations which are not yet in the production stage are exempt from tax on capital but must pay the minimum amount. If the corporation has commenced mining production, enter the commencement date in the BeginMineOp keyword in the IncorpDate group; the date entered will print on page 1 of the CO-17 return.
Inactive For Quebec purposes, inactive corporations are subject to the minimum tax on capital if total assets exceed $5000 (or $1000 for taxation years ending before May 15/92). Otherwise, inactive corporations with assets below the threshold amount pay no tax on capital. Enter the amount of total assets in Assets in the TaxOnCapital group.
Bare trustee corporation Bare trustee corporations are separately classified on federal Schedule 524. These are corporations which are the legally registered, but not beneficial, owners of the corporation's property.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 067 - Professional corporation
Line 276 - Additional tax on banks and life insurers
Line 280 - Inactive
Line 284 - Product or service
Line 285 - Product or service
Line 565 - Additional tax on banks and life insurers
Line 760 - Net provincial or territorial tax payable
See the CRA's general income tax guide:
Line 067 - Is the corporation a professional corporation that is a member of a partnership?
Line 280 - Is the corporation inactive?
Lines 284 to 289 - Specify the principal product(s) mined, manufactured, sold, constructed, or services provided, giving the approximate percentage of the total revenue that each product or service represents
Line 565 - Additional tax on banks and life insurers
Line 760 - Net provincial and territorial tax payable
Use the keyword ForeignBank to indicate whether or not the corporation is an authorized foreign bank for purposes of federal schedule 21.
The following options are applicable for the keyword ForeignBank.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 067 - Professional corporation
Line 276 - Additional tax on banks and life insurers
Line 280 - Inactive
Line 284 - Product or service
Line 285 - Product or service
Line 565 - Additional tax on banks and life insurers
Line 760 - Net provincial or territorial tax payable
See the CRA's general income tax guide:
Line 067 - Is the corporation a professional corporation that is a member of a partnership?
Line 280 - Is the corporation inactive?
Lines 284 to 289 - Specify the principal product(s) mined, manufactured, sold, constructed, or services provided, giving the approximate percentage of the total revenue that each product or service represents
Line 565 - Additional tax on banks and life insurers
Line 760 - Net provincial and territorial tax payable
Use M&P-Act to specify the type or types of activities for a manufacturing and processing corporation. This information is required for the calculation of Schedule 27 (M&P).
The following options are applicable for the keyword M&P-Act.
Corporation generates electrical energy
Corporation has ZETM activities
Corporation has other eligible activities
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 067 - Professional corporation
Line 276 - Additional tax on banks and life insurers
Line 280 - Inactive
Line 284 - Product or service
Line 285 - Product or service
Line 565 - Additional tax on banks and life insurers
Line 760 - Net provincial or territorial tax payable
See the CRA's general income tax guide:
Line 067 - Is the corporation a professional corporation that is a member of a partnership?
Line 280 - Is the corporation inactive?
Lines 284 to 289 - Specify the principal product(s) mined, manufactured, sold, constructed, or services provided, giving the approximate percentage of the total revenue that each product or service represents
Line 565 - Additional tax on banks and life insurers
Line 760 - Net provincial and territorial tax payable
Use Descript.act if you want to further describe the corporation's activity on its tax returns; otherwise DT Max will print the activity entered in the Activity keyword on the returns.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 284 - Product or service
Line 285 - Product or service
See the CRA's general income tax guide:
Lines 284 to 289 - Specify the principal product(s) mined, manufactured, sold, constructed, or services provided, giving the approximate percentage of the total revenue that each product or service represents
Use the keyword NAICS.act to enter the 6-digit numeric NAICS code that best describes the corporation's main revenue-generating business activity.
A complete list of NAICS codes is available here.
Product information entered here will print on the T2 return where the corporation's principal products or services is requested.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 284 - Product or service
Line 285 - Product or service
See the CRA's general income tax guide:
Lines 284 to 289 - Specify the principal product(s) mined, manufactured, sold, constructed, or services provided, giving the approximate percentage of the total revenue that each product or service represents
Use the keyword InternetBus-Inc to indicate whether or not the corporation earned income from one or more webpages or websites for the purposes of federal Schedule 88 and Quebec form CO-17.CE.
The following options are applicable for the keyword InternetBus-Inc.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 180 - Internet business activities
See the CRA's general income tax guide:
Line 180 - Schedule 88, Internet Business Activities
Use the keyword No-WebPages to enter the number of Internet webpages or websites from which the corporation earned income.
Use the keyword Web-GrossRev to enter the percentage of the corporation's gross revenue generated from the Internet in comparison to the corporation's total gross revenue.
Use the keyword Web-Address to enter the top five Internet webpages or website addresses that generate the most Internet income here. This information will be shown on federal Schedule 88 and Quebec form CO-17.CE.
Examples of valid entries for internet webpages or website address include www.thomsonreuters.com or https://www.thomsonreuters.com.
For Quebec purposes, if the corporation has more than five websites, any additional websites will be entered by using the keyword Oth-WebAddress.
If the corporation does not have a website but has created a profile or other page describing the business on blogs, auction, market place, or any other portal or directory websites, enter the addresses of the pages if they generate income.
Use the keyword Oth-WebAddress to enter all other Internet webpages or website addresses that generate Internet income as this information is solely required for Quebec form CO-17.CE.
If the corporation does not have a website but has created a profile or other page describing the business on blogs, auction, market place, or any other portal or directory websites, enter the addresses of the pages if they generate income.
Use the keyword VirtualCurrency to indicate whether or not the corporation has received or disposed of (sold, transferred, changed, given, etc.) virtual currency. This information is requested on page 1 of the Quebec CO-17.
The following options are applicable for the keyword VirtualCurrency.
Use the keyword Sub-Contractors to indicate whether or not the corporation had any sub-contractors during the year, if the corporation's major business activity was construction.
The following options are applicable for the keyword Sub-Contractors.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 295 - Subcontractors
See the CRA's general income tax guide:
Line 295 - If the corporation's major business activity is construction, did you have any subcontractors during the tax year?
If the head office ADDRESS is the same as the mailing address or location of books and records, enter the head office address only. DT Max will print this address as the mailing address and location of books and records.
The following options are applicable for the keyword Address.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 011 - Address of head office
Line 022 - Mailing address
Line 031 - Location of books and records
Line 080 - Non resident corporation
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Lines 080 to 082 - Is the corporation a resident of Canada?
The firm name or person entered in Care-Of will print as the first line of the address when the address entered in this group is printed on the return.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 021 - Care-of of mailing address
See the CRA's general income tax guide:
Lines 020 to 028 - Mailing address
This is the street address of the corporation
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 011 - Address of head office
Line 022 - Mailing address
Line 031 - Location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Use the keyword Address-Ln-2 to enter additional details regarding the address information of the corporation (e.g. tower, building, etc.)
This information will appear on the federal jacket and on most provincial jackets.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 012 - Street of head office
Line 023 - Street of mailing address
Line 032 - Street of location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
This is the suite number of the corporation. If this is entered, DT Max will print the hash sign, "#" and the number. Do not enter the word "SUITE" or "#". If nothing is entered, DT Max will understand that there is no relevant suite number and will not print anything.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 012 - Street of head office
Line 023 - Street of mailing address
Line 032 - Street of location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
This is the post office box number of the corporation. If this is entered, DT Max will print "P.O. Box" and the number. Do not enter "P.O. Box" or "#". If nothing is entered, DT Max will understand that there is no relevant P.O. box number and will not print anything.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 012 - Street of head office
Line 023 - Street of mailing address
Line 032 - Street of location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
This is the city in the address of the corporation. DT Max will not check the spelling of the city name.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 015 - City of head office
Line 025 - City of mailing address
Line 035 - City of location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
This is the Province in the address of the corporation.
If the Province of the head office is not at the corporation's permanent establishment, or if permanent establishments exist in more than one province, territory or country, make sure that you use the Jurisdiction group to enter the location of all permanent establishments. Otherwise, DT Max will assume that the corporation's only permanent establishment is in the province of the head office.
The following options are applicable for the keyword Province.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 016 - Province, territory or state of head office
Line 026 - Province, territory or state of mailing address
Line 036 - Province or state of location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Use the keyword State to select the state.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 016 - Province, territory or state of head office
Line 026 - Province, territory or state of mailing address
Line 036 - Province or state of location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
This is the postal code in the address of the corporation. DT Max will make sure that it is in the correct format and will always enter the alphabetic portions in upper case.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 018 - Postal code/Zip code of head office
Line 028 - Postal code/Zip code of mailing address
Line 038 - Postal code/Zip code of location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Use the keyword ZIPCode to enter the zip code.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 018 - Postal code/Zip code of head office
Line 028 - Postal code/Zip code of mailing address
Line 038 - Postal code/Zip code of location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Use the keyword For-Post to enter the foreign postal code.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 018 - Postal code/Zip code of head office
Line 028 - Postal code/Zip code of mailing address
Line 038 - Postal code/Zip code of location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Country is relevant to non-resident corporations only. When Country is entered in the "Head Office" Address group, DT Max will tick the "NO" box on the T2 return requesting whether the corporation is a Canadian resident. The country of residence entered will print in the same area of the return.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 017 - Country of head office
Line 027 - Country of mailing address
Line 037 - Country of location of books and records
Line 081 - Country of residence
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Lines 080 to 082 - Is the corporation a resident of Canada?
MailAddress is used to specify the mailing address to be printed on the tax return of this corporation. Enter this only if this differs from that specified in your user default setup.
The following options are applicable for the keyword MailAddress.
Head office The head office address should always be entered.
Address of accountant If you want the mailing address to be the Accountant's address as indicated in your Tax preparer setup, choose "Accountant's address".
Location of books & records Enter the location of books and records if different from the head office address. If not entered, DT Max will assume it is the same as the head office.
BooksAddress is used to specify the location of books and records address to be printed on the tax return of this corporation.
The following options are applicable for the keyword BooksAddress.
The contact name entered here will be printed when required on the tax return; otherwise, the information entered can be used for your information purposes only.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 957 - Contact person same as signing officer
Line 958 - Contact person name
See the CRA's general income tax guide:
Lines 950 to 959
Use the keyword Contact-Title to enter the title of the contact person.
This information is required for purposes of federal forms T1044, T1145 and T1146.
The following options are applicable for the keyword Contact-Title.
This is the corporation's day phone number.
Each officer's phone number should be entered in the group for that particular officer in the CorpOfficers group.
Use PrintPhone to override your User default if you want/do not want phone numbers to be printed for this corporation.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 959 - Contact person telephone number
See the CRA's general income tax guide:
Lines 950 to 959
This is the corporation's day telephone extension number.
This is the corporation's night phone number.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 011 - Address of head office
Line 022 - Mailing address
Line 031 - Location of books and records
Line 080 - Non resident corporation
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Lines 080 to 082 - Is the corporation a resident of Canada?
This is the corporation's day international phone number. It can be up to 15 numeric characters and is entered with no spaces, hyphens or other characters.
Use the keyword Inter-PhoneNum only if you wish to print the international telephone number on the Federal tax return and schedules where requested as opposed to the telephone number entered within the keyword Phone.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 959 - Contact person telephone number
See the CRA's general income tax guide:
Lines 950 to 959
Use the PrintPhone keyword if the option desired for printing for this corporation's tax return is different from your user default setup.
The following options are applicable for the keyword PrintPhone.
This is the corporation's cellphone number for purposes of the AgriStabilty and AgriInvest programs.
Use PrintPhone to override your user default if you want/do not want phone numbers to be printed for this corporation.
This is the corporation's fax number.
Each officer's fax number should be entered in the group for that particular officer in the CorpOfficers group.
Use PrintPhone to override your user default if you want/do not want phone numbers to be printed for this corporation.
This is the corporation's international fax number. It can be up to 15 numeric characters and is entered with no spaces, hyphens or other characters.
Use the keyword Inter-FaxNum only if you wish to print the international fax number on the Federal schedule 32 as opposed to the fax number entered within the keyword Fax.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 011 - Address of head office
Line 022 - Mailing address
Line 031 - Location of books and records
Line 080 - Non resident corporation
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Lines 080 to 082 - Is the corporation a resident of Canada?
Use the keyword HomePage to enter the charity's web address for purposes of federal Registered charity information return (T3010B).
Normally, books and records must be kept for at least six years following the taxation year to which they pertain. Use the keyword Destruction to file a request for authorization to destroy books and records. DT Max will generate form T137, which must be sent to the Director of the appropriate tax services office.
The following options are applicable for the keyword Destruction.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 011 - Address of head office
Line 022 - Mailing address
Line 031 - Location of books and records
Line 080 - Non resident corporation
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
Lines 080 to 082 - Is the corporation a resident of Canada?
Use the keyword Reason to specify the reasons for filing the request for authorization to destroy books and records.
Use the keyword Documents to specify the books, records and other documents to be destroyed.
Use the keyword Start-Date to enter the starting date of the fiscal period for which the request for authorization to destroy books and records was made.
Use the keyword End-Date to enter the ending date of the fiscal period for which the request for authorization to destroy books and records was made.
Choose "YES" in the keyword Retain-Records if CRA has sent a letter requesting that the records be kept for any of the fiscal periods. If you don't use this keyword, DT Max will default to "NO".
The following options are applicable for the keyword Retain-Records.
Choose "YES" in the keyword Ret-Filed if all returns for the relevant taxation years have been filed. If you don't use this keyword, DT Max will default to "YES".
The following options are applicable for the keyword Ret-Filed.
Choose "Yes" in the keyword Period-Elapsed if the appeal period provided by legislation is elapsed. Otherwise, DT Max will default to "No".
The following options are applicable for the keyword Period-Elapsed.
Choose "YES" in the keyword Appeal if a notice of appeal or objection is outstanding. If you don't use this keyword, DT Max will default to "NO".
The following options are applicable for the keyword Appeal.
Use the keyword Type-Doc to identify the type of documents affected by the request for authorization to destroy books and records.
The following options are applicable for the keyword Type-Doc.
Paper based records Choose this option if the documents affected by the authorization request are paper based records (for example: paper ledgers, receipts, and invoices).
Microfilm or imaged records Choose this option if the documents affected by the authorization request are records that were imaged or microfilmed (for example: digital or scanned images, photographs, and microfiche).
Digital records Choose this option if the documents affected by the authorization request are digital records (non-imaged files).
Use the keyword Oth-Info to enter other relevant data in the "other relevant information" section of the T137 form.
ChangeAddress is used to specify if the head office address, mailing address or location of books and records has changed since the last time the T2 return was filed.
If there has been a change, the address will print on the tax return.
The following options are applicable for the keyword ChangeAddress.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 010 - Change in head office address
Line 020 - Change in mailing address
Line 030 - Change in location of books and records
See the CRA's general income tax guide:
Lines 010 to 018 - Address of head office
Lines 020 to 028 - Mailing address
Lines 030 to 038 - Location of books and records
The Language entered here will indicate the language in which the tax returns are to be printed except when printing a draft from the screen display.
The following options are applicable for the keyword Language.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 990 - Language
See the CRA's general income tax guide:
Line 990
Enter the corporation's E-mail address here.
Use IncorpDate to indicate the date of incorporation and the jurisdiction under which the charter was obtained.
This information will appear on the T2 return if this is the first taxation year of the corporation.
The following options are applicable for the keyword IncorpDate.
The keyword BeginDate must be entered in the first year of operations of the corporation only if, in that first year, the beginning date of operations is different from the date of incorporation.
This date will enable DT Max to establish the number of days in the first taxation year of the corporation.
A taxation year cannot exceed 53 weeks (371 days). If a date entered in BeginDate results in a year exceeding 53 weeks, DT Max will use the date that is 365 days before the year-end date as the first day of the taxation year.
Use BeginMineOp when the Activity entered is "Mining" and mining production has commenced. DT Max will print this date on the Quebec CO-17 return.
If this keyword is not entered, DT Max will assume that production has not yet started.
If production has not commenced, do not use this keyword. DT Max will calculate tax on capital based on the rule that mining corporations not yet in the production stage only pay the minimum amount of tax on capital for Quebec purposes.
For those corporations filing for the first time after incorporation use the keyword Operation to identify the type of operation that applies.
The following options are applicable for the keyword Operation.
Bank
Co-operative corporation
Credit union
Crown corp. that is not an agent of His Majesty
Crown corporation that is an agent of His Majesty
Deposit insurance corporation
General insurance corporation
Investment public corporation
Investment public corporations - part IV tax
Labour-sponsored venture capital corporation
Life insurance corporation
Mortgage investment corporation
Mutual fund corporation
Non res. insurer exempt-part XIII withholding tax
Subject corporation
Travelling corporation
Other
Jurisdiction allows DT Max to allocate taxable income to different jurisdictions for a corporation which operates in more than one jurisdiction. Use Jurisdiction to enter the appropriate provinces in which the corporation is being taxed. When this group is used, you need to enter information related to the allocation bases, for multi-jurisdiction corporations only.
The Jurisdiction keyword is also used to enter provincial account numbers. A "Federal" Jurisdiction group needs to always exist in the client's file. When no other Jurisdiction groups, except "Federal" exist, DT Max uses the Province entered in the "Head Office" ADDRESS as the corporation's jurisdiction.
For a multi-jurisdiction corporation, enter the corporation's activity in the Activity keyword. DT Max will then determine which allocation bases can be used to calculate the proportion of taxable income allocated to each jurisdiction. DT Max will request you enter the following bases depending on the corporation's activity.
You must enter an activity and an allocation base. Otherwise DT Max cannot allocate taxable income or tax to any jurisdiction.
ACTIVITY POSSIBLE ALLOCATION BASES
(the default is the first one indicated)
Regular corporation 1. Salaries and wages paid to employees in
(none of the types below) jurisdiction
2. Gross revenues earned in jurisdiction
If there are both salaries and wages paid in
a jurisdiction and gross revenues from that
jurisdiction, you must enter both options and
the amounts attributable to that option. DT Max
will then be able to correctly calculate taxable
income attributable to the jurisdiction. If
either allocation base is missing, DT Max will
assume that the amount is equal to zero and will
ignore that option.
Insurance corporation 1. Net insurance premiums for property or
contracts in the jurisdiction
Chartered bank 1. Salaries & wages paid to employees in
jurisdiction
2. Twice the loans and deposits in the
jurisdiction
Trust & loan corporation 1. Gross revenues earned in jurisdiction
Railway corporation 1. Equated track miles in jurisdiction
2. Gross ton miles in jurisdiction
Airline corporation 1. Cost of fixed assets (non aircraft) in
jurisdiction
2. 3 times revenue plane miles flown in
jurisdiction
Grain elevator operator 1. Metric tons of grain received in elevators
operated in jurisdiction
2. Salaries & wages paid to employees in
jurisdiction
Bus operator 1. Km driven on roads in jurisdiction
or 2. Salaries and wages paid to employees in
Truck operator jurisdiction
Ship operator 1. Port-call-tonnage in jurisdiction
(used for allocable income only)
2. Salaries and wages paid to non ship
employees in jurisdiction
(used for taxable income in excess of
allocable income)
Pipeline operator 1. Miles of pipeline in jurisdiction
2. Salaries and wages paid to employees in
jurisdiction
Refer to the Fed Income Tax Reg. 402 to 412 for more detail on the allocation bases above.
The following options are applicable for the keyword Jurisdiction.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 205 - Tax calculation
Line 750 - Provincial or territorial jurisdiction
Line 760 - Net provincial or territorial tax payable
See the CRA's general income tax guide:
Line 750 - Provincial or territorial jurisdiction
Line 760 - Net provincial and territorial tax payable
When CMT-Exempt is "Yes", DT Max will not calculate Ontario corporate minimum tax. Corporations which are exempt from Ontario Corporate Minimum Tax ( CMT-Exempt) include the following:
1) a corporation exempt from income tax under section 149 of the federal Income Tax Act;
2) a mortgage investment corporation under subsection 130.1(6) of the federal Act;
3) a deposit insurance corporation under subsection 137.1(5) of the federal Act;
4) a congregation or business agency to which section 143 of the federal Act applies;
5) an investment corporation as referred to in subsection 130(3) of the federal Act; or
6) a mutual fund corporation under subsection 131(8) of the federal Act.
The following options are applicable for the keyword CMT-Exempt.
This is the business number of the corporation. This number will serve as a prefix to replace all other federal tax numbers, all of which will appear as suffixes to this number.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 001 - BN
See the CRA's general income tax guide:
Line 001 - Business number (BN)
This is the Québec enterprise number (NEQ) of the corporation.
This is the corporation tax account of the corporation, which will identify the tax return.
This is the Quebec source deductions and employer contributions account number of the corporation, for purposes of Quebec form CO-1029.8.33.13.
These are special activity classifications for the federal schedule 524.
The following options are applicable for the keyword OntActivity.
Non resident ship or aircraft Non resident ships or aircraft are separately classified on page 3 of the CT-23 return.
Financial institutions per regul. Financial institutions prescribed by regulation only are separately classified on federal Schedule 524.
Registered securities dealer Registered securities dealers are separately classified on federal Schedule 524.
Generator of electrical energy Generator of electrical energy for sale or producer of steam for use in the generation of electrical energy for sale. This type of corporation is classified separately on federal Schedule 524.
Hydro successor Hydro successor, Municipal Electrical Utility or subsidiary of either. This type of corporation is classified separately on federal Schedule 524.
Producer and seller of steam Producer and seller of steam for uses other than the generation of electricity. This type of corporation is classified separately on federal Schedule 524.
Insurance exchange Insurance exchanges are classified separately on federal Schedule 524.
Farm feeder finance cooperative Farm feeder finance cooperative corporations are classified separately on federal Schedule 524.
Mutual insurance
Specialty mutual insurance
Professional corporation Professional corporations are classified separately on federal Schedule 524.
Limited liability corporation
Other
Use the keyword Govt-Assist to indicate whether or not the corporation received any governemnt assistance during the year.
This information is required on page 1 of the CO-17 return.
The following options are applicable for the keyword Govt-Assist.
Use the keyword Amount.Assist to enter the amount of government assistance that the corporation received in the year.
Use the keyword Application to specify how the government assistance received by the corporation during the fiscal period was applied.
Use the keyword Oth-Business to indicate whether or not the corporation continued to operate another business during the year. This information will appear on page 1 of the Quebec CO-17 return.
The following options are applicable for the keyword Oth-Business.
Use the keyword Beneficiary to indicate whether or not the corporation is the beneficiary of a designated trust.
This information will appear on page 2 of the Quebec CO-17 return.
The following options are applicable for the keyword Beneficiary.
A non-profit corporation is required to file form TP-646-V (Trust income tax return) if its main purpose is to provide recreational, sporting or dining facilities for its members, and it also has income from property, a taxable capital gain or an allowable capital loss that exceeds $2,000.
Use the keyword Trust-Return to indicate whether or not the corporation is required to file form TP-646-V.
This information is requested on Quebec form CO-17.SP-V (Information and income return for non-profit corporations).
The following options are applicable for the keyword Trust-Return.
NPO filing TP-646-V
NPO not filing TP-646-V
Use this keyword to enter the four (4) digit numeric SIC code (Standard Industrial Classification Code) that best describes the corporation's activities. The SIC code entered will be printed on page 1 of the AT1 return.
A complete list of SIC codes is available here .
Use the keyword BUS%-QUE to enter the percentage of business carried on in Québec by the corporation.
If this is the first return for the jurisdiction entered, this information will be printed where requested.
The following options are applicable for the keyword FirstReturn.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 070 - First year filing after incorporation
See the CRA's general income tax guide:
Line 070 - Is this the first year of filing after incorporation?
If this is the final return for the jurisdiction entered, this information will be printed on the T1044, the TP-985.22 or the AgriStabilty and AgriInvest Statement A.
The following options are applicable for the keyword LastReturn.
A federal decision to adopt functional currency reporting for tax purposes, allowing functional currency reporting for corporate income tax filings is expected to ease compliance and promote more representative financial reporting.
Use the keyword Funct-Currency to state the functional currency used, if other than Canadian.
The following options are applicable for the keyword Funct-Currency.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 079 - Functional currency
See the CRA's general income tax guide:
Line 079 - If an election was made under section 261
If a functional currency is used, other than Canadian, use the keyword Exchange-Rate to enter the average exchange rate for calculation (functional currency converting to Canadian currency).
Use the keyword BeginDate-Qc to enter the date that business activities began in Quebec for a corporation that is already active in one or several other provinces.
This is the entry for salaries and wages paid to employees in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.
Enter this information only if this is a multi-jurisdiction corporation and its ACTIVITY is a regular corporation, grain elevator operator, bus and truck operator, ship operator or pipeline operator.
This is the entry for gross revenues earned in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.
Enter this information only if this is a multi-jurisdiction corporation and its Activity is a regular corporation or a trust & loan corporation.
This is the entry for net insurance premiums for property or contracts in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.
Enter this information only if this is a multi-jurisdiction corporation and its Activity is an insurance corporation.
The following options are applicable for the keyword Alloc-Prems.
Net insurance premiums (if no juris. in Qc) If the corporation has a jurisdiction in Quebec, do not use this option for all jurisdictions. This is due to the fact that detailed information arriving at net premiums is required for Quebec form CO-771.R.14.
Direct insurance premiums issued
Net reinsurance premiums
Dividends, discounts, rebates
< Select >
This is the entry for loans & deposits in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.
Enter this information only if this is a multi-jurisdiction corporation and its Activity is a chartered bank.
This is the entry for the cost of fixed assets (non aircraft) in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.
Enter this information only if this is a multi-jurisdiction corporation and its Activity is an airline corporation.
This is the entry for the number of kilometers travelled in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.
Enter this information only if this is a multi-jurisdiction corporation and its Activity is an airline corporation, a railway corporation or a bus and truck operator.
This is the entry for gross ton km travelled in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.
Enter this information only if this is a multi-jurisdiction corporation and its Activity is a railway corporation.
This is the entry for tons received in or allocated to a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.
Enter this information only if this is a multi-jurisdiction corporation and its Activity is a ship operator or a grain elevator operator.
Use the keyword Alloc-DivBus to enter the amount taxable in Alberta for a divided business.
MeasureBasis lets you know which system of measurement is used by the corporation, metric or British. This keyword is for information purposes only. It is not used in any calculations.
The following options are applicable for the keyword MeasureBasis.
Use CorpOfficers to enter information requested on the tax returns about corporate officers.
Unless otherwise entered, DT Max will assume (as a default condition) that the Signing Officer is the president of the corporation. If the situation is otherwise, the data must be entered.
The following options are applicable for the keyword CorpOfficers.
Director Disclosure of three directors is requested on the Quebec CO-17 return.
Officer
Signing officer DT Max will print the officer name and address and signing date entered here on all return areas where signing officer information is requested.
Director and signing officer
Shareholder - individual
Shareholder - corporation or other Disclosure of three major shareholders is requested on the federal T2 and Quebec CO-17 returns.
This is the first name of the shareholder, director or signing officer as you want it printed on the tax return.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 951 - First name of signing officer
See the CRA's general income tax guide:
Lines 950 to 959
Use this keyword to enter the middle name of the director/officer/shareholder.
This is the surname of the shareholder, director or signing officer as you want it printed on the tax return.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 950 - Last name of signing officer
See the CRA's general income tax guide:
Lines 950 to 959
This is the name of the business, if applicable, pertaining to the signing officer as you want it printed on the TP-985.22 (Information Return for Registered Charities and Other Donees).
Use the keyword Type-Sh to indicate if the shareholder who holds 10% or more of the corporation's common and/or preferred shares is a corporation, partnership or trust.
The following options are applicable for the keyword Type-Sh.
Corporation
Partnership
Trust
If you are generating Alberta consent, it must only be signed by an individual with proper authority for the business, for example, an owner, a partner of a partnership, a corporate director, a trustee of an estate, or an individual with delegated authority. An authorized representative cannot sign this form unless they have delegated authority.
The following options are applicable for the keyword Type-Officer.
If a change of directors has occurred since the last return was filed, use the keyword Change-Dir.c to specify the change and the current composition of the corporation's board of directors.
The following options are applicable for the keyword Change-Dir.c.
Use this keyword to enter the date that the director of the corporation was elected.
Use this keyword to enter the date that the director of the corporation was ceased.
If NonResident is entered and "YES" is chosen, the information on non-resident shareholders will be printed on schedule 19. Enter further details about non-resident shareholders and their shares held by using the NonResShares (class and percentage of shares held) keyword.
The following options are applicable for the keyword NonResident.
Use this keyword to specify whether the corporate officer is also a shareholder of the corporation.
The following options are applicable for the keyword Shareholder..
Use the keyword Change-Name to indicate if the shareholder changed their name. This is required for the Alberta Annual Return.
The following options are applicable for the keyword Change-Name.
Use the keyword Prev-Name.offr to enter the previous name of the shareholder. This is required for the Alberta Annual Return.
Use the keyword Prev-LastName to enter the previous last name of the shareholder. This is required for the Alberta Annual Return.
Use the keyword Prev-FirstName to enter the previous first name of the shareholder. This is required for the Alberta Annual Return.
Use the keyword Prev-MiddleName to enter the previous middle name of the shareholder. This is required for the Alberta Annual Return.
Use the keyword Change-Address to indicate if the shareholder changed their address. This is required for the Alberta Annual Return.
The following options are applicable for the keyword Change-Address.
Use the keyword Change-Sh to indicate whether there has been a change of shareholders in the corporation.
This information is requested on Alberta's annual return.
The following options are applicable for the keyword Change-Sh.
NonResShares is the class and percentage of shares held by the non-resident shareholder and is required for schedule 19 details about non-resident shareholdings.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 151 - Non resident shareholders information
VotingShares entered here will print where shareholder information is requested on the T2 return.
Use the keyword Common-Sh to indicate the percentage (%) of common shares (10% or more) owned by the Canadian-controlled private corporation.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 173 - Shareholder information
Use the keyword Preferred-Sh to indicate the percentage (%) of preferred shares owned by the Canadian-controlled private corporation.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 173 - Shareholder information
The social insurance number ( SIN) of the corporate officer entered will print where shareholder or director information is requested on the T2 return or Quebec CO-17 returns.
If a shareholder is a corporation, the corporate shareholder's business number (TAX-ACCT-SH) entered here will be printed where shareholder information is requested on the T2 return.
If a shareholder is a partnership, the partnership shareholder's account number ( Partnership-Num) entered here will be printed where shareholder information is requested on the T2 return.
If the shareholder is a trust, use the keyword TrustNumber to enter the trust number.
The format of the trust number is "TNN NNNN NN".
If the shareholder is a trust that does not have a trust number, you must enter "NA".
If the shareholder is a trust, use the keyword TrustNumberQ to enter the trust number.
The format of the trust number is "AAAAA NNNNNNN" or "NNNNNNNNNN".
If a shareholder is a corporation, the corporate shareholder's identification number ( Tax-AcctQ) entered here will be printed where shareholder information is requested on page 2 of the CO-17 return.
If a shareholder is a corporation, the corporate shareholder's Quebec enterprise number ( NEQ-Sh) entered here will be printed where shareholder information is requested.
Use this keyword to enter the Alberta corporate account number (CAN) of the corporation which is a shareholder. This amount will appear on the AT1 annual return for Alberta where required.
The corporate officer's title entered will print where director information is requested.
The following options are applicable for the keyword Title.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 954 - Position of signing officer
See the CRA's general income tax guide:
Lines 950 to 959
Use this keyword to specify the position of the director or signing officer.
The following options are applicable for the keyword Position.
President The president will be assumed to be the signing officer of the corporation if no signing officer is entered.
Vice-president
Secretary
Treasurer
General manager
Chair
Vice-chair
Assistant secretary
Assistant treasurer
Chief manager
Executive director
Managing director
Chief executive officer
Chief financial officer
Chief information officer
Chief operating officer
Chief administrative officer
Comptroller
Authorized signing officer
Other
Use Address-Offr to enter the signing officer's address which will print on the Federal and provincial tax returns. Data entered in this keyword will be the first line of the address.
Use the keyword More-Info to enter additional address information. This will be line two of the address.
The name of addressee entered in Care-Of.e will print as the first line of the address when the address entered in this group is printed on the return.
Use the keyword City.e to enter the city name. DT Max will not check the spelling of the city name.
Use the keyword Province.e to select the province.
The following options are applicable for the keyword Province.e.
Use the keyword State.e to select the state.
Use the keyword Country.e to select the country.
Use the keyword PostCode.e to enter the postal code. DT Max will make sure that it is in the correct format and will always enter the alphabetic portions in upper case.
Use the keyword ZIPCode.e to enter the zip code.
Use the keyword For-Post.e to enter the foreign postal code.
The officer's phone number entered here will be printed on the tax return, where requested. If when using the PrintPhone keyword, you have entered "No", no phone numbers will be printed on any tax returns.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 956 - Telephone number of signing officer
See the CRA's general income tax guide:
Lines 950 to 959
This is the officer's phone extension number.
Use the keyword Inter-PhoneNum.c only if you wish to print the international telephone number on the Federal tax return and schedules where requested as opposed to the officer's telephone number entered within the keyword Phone.offr.
It can be up to 15 numeric characters and is entered with no spaces, hyphens or other characters.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 956 - Telephone number of signing officer
See the CRA's general income tax guide:
Lines 950 to 959
This is the officer's fax number.
This is the officer's e-mail address for purposes of the Manitoba consent form and the Alberta Annual Return.
Use the keyword SignDate to enter the date of signing to be printed on the corporation's tax returns.
If "Signing officer" is not selected for the CorpOfficers group, then the date the return is calculated will be used.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 955 - Signing date
See the CRA's general income tax guide:
Lines 950 to 959
#EMPLOYEES entered here will be used for purposes of federal schedule 388.
Wages entered here will print where additional information on the corporation is requested on the T2 return.
The following options are applicable for the keyword Wages.
Employee benefits paid (memo) Enter the total amount of employee benefits paid during the taxation year here.
Retirement compensation arrangement Total payments to, or received amounts from a retirement compensation arrangement in the year.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 172 - Retirement compensation arrangement
See the CRA's general income tax guide:
Line 172 - Has the corporation made payments to, or received amounts from, a retirement compensation arrangement in the year?
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Election.c 
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