  Net income / Small business deduction |
DT Max will use this amount as net income for tax purposes. If adjustments to the net income entered exist due to items entered in this group or other groups, DT Max will calculate net income for tax purposes on schedule 1.
 See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 201 - Reconciliation
Line 300 - Net income (loss) for tax purposes
 See the CRA's general income tax guide:
Line 300 - Net income or (loss) for income tax purposes
The TaxProvision from the financial statements entered here will be added back to net income schedule 1.
The following options are applicable for the keyword TaxProvision.
Enter the depreciation and amortization deducted in the financial statements here. The amount entered will be added back to net income on schedule 1.
Capital cost allowance and cumulative eligible capital deductions will be calculated based on information entered in the CCA-Class group.
The following options are applicable for the keyword Depreciation.
Tangible assets
Natural resource assets
Intangible assets
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Net-Inc-Add to enter additions to net income (loss) per financial statements. These amounts will be shown on schedule 1, and the CO-17.A.1 as positive amounts.
The following options are applicable for the keyword Net-Inc-Add.
Accrual inventory - opening
Accruals/payables - cash basis - closing
Accrued dividends - prior year
Amount received - environmental trust
Averaged inc. from sale of timber - prior year Enter the portion of income from the sale of timber on woodlots affected by the Quebec ice storm that may be deducted from income, i.e., the deferred amount, as a negative amount.
Enter the deferred amount that must be added back to income no later than the fifth year following the year of the deduction as a positive amount.
Book loss on joint ventures
Book loss on partnerships
Book publishing tax credit - Sch. 564
Capital items expensed Enter fixed asset expenses capitalized in the financial statements which are tax-deductible here. The amount entered will be deducted from income.
On the fixed asset reconciliation schedule, if printed, the deductible expenses capitalized in the books entered here will be added to the change in fixed assets per the tax return. Use the FixdAssetRec keyword group to enter information for the reconciliation schedule and DT Max will print this schedule.
Capitalized interest
Capital tax liability
Contractors' completion method adj. - previous year
Co-operative education tax credit - Sch. 550
Correction to supp. deduction for new investments
Debt issue expense
Deemed dividend income
Deemed interest received
Deemed interest on loans to non residents
Deferred and prepaid expenses
Development expenses claimed in current year
Dividends credited to the investment account
Dividend stop-loss adjustment
Exploration expenses claimed in current year
Financing fees deducted in books
Foreign accrual property income
Foreign affiliate property income
Foreign exchange included in retained earnings
Gain on settlement of debt
Holdbacks payable
Income from joint ventures
Income from partnerships
Income tax interest and penalties Income tax interest and penalties are not deductible from income for tax purposes. The amount entered here will be added back to net income on Schedule 1 (T2S(1)).
Interest on leasing-purchase contracts - Qc
Interest paid on income debentures
Inventory depreciation - current year
Loss from disposal of assets The book gain (loss) on disposal of depreciable assets adjusts income on Schedule 1 (T2S(1)). Gains will be deducted from income and losses added back.
On the fixed asset reconciliation schedule, if printed, the book gain or loss will also adjust the change in fixed assets per the tax return. Use the FixdAssetRec keyword group to enter information for the reconciliation schedule and DT Max will print this schedule.
Loss from disposal of other assets - Qc The book gain (loss) on disposal of other assets adjusts income as follows: gains are deducted from income and losses added back.
Loss from joint ventures
Loss from partnerships
Loss in equity of subsidiary, affiliate
Mandatory inventory adjustment - current year
Total meals and entertainment expenses Enter 100% of the meals and entertainment expenses here; DT Max will calculate the deductible portion.
Meals and entertainment expenses incurred after February 21, 1994, are 50% deductible federally and provincially.
For Quebec, the deduction for meals and entertainment expenses will be limited at an amount equal to 1% of gross income for the taxation year ending before March 31, 2004. If the taxation year ends after March 30, 2004, the deduction for meals and entertainment depends on the amount of gross income for the taxation year, i.e. if the gross income is $32,500 or less, the deduction will be limited to 2%; if the gross income is more than $32,500 but less than $52,000, the deduction will be limited to $650; and if the gross income is $52,000 or more, the deduction will be limited to 1.25%.
Portion meal exp. of truck drivers 19/03/07 to 31/12/07 Portion of the meal expenses consumed by long-haul truck drivers on or after March 19, 2007 and before January 1, 2008 will be deductible at a rate of 60%.
Portion meal exp. of truck drivers incurred in 2008 Portion of the meal expenses consumed by long-haul truck drivers during 2008 will be deductible at a rate of 65%.
Portion meal exp. of truck drivers incurred in 2009 Portion of the meal expenses consumed by long-haul truck drivers during 2009 will be deductible at a rate of 70%.
Portion meal exp. of truck drivers incurred in 2010 Portion of the meal expenses consumed by long-haul truck drivers during 2010 will be deductible at a rate of 75%.
Portion meal exp. of truck drivers incurred after 2010 Portion of the meal expenses consumed by long-haul truck drivers after 2010 will be deductible at a rate of 80%.
Portion of meal expenses due to regular travel - Qc Portion of the meal expenses (food and beverage) that are incurred by a taxpayer through business-related activities, if they occur 40 km or more from the taxpayer's place of business. These activities must be regularly carried out in a location that far from the place of business. These expenses are 50% deductible.
Portion of meal expenses from sales agencies - Qc
Manufacturing investment tax credit - Sch. 381
Non deductible advertising
Non deductible car loan interest
Non deductible car leasing expenses These non deductible auto expenses include allowances paid to employees which are in excess of the deductible limits for tax purposes. The amounts entered here will be added back to net income on Schedule 1 (T2S(1)).
Non deductible carrying charges for land - Qc Non deductible land carrying charges include interest and property taxes paid on vacant land in excess of the revenue earned on the land when exceptions relating to the use of the land and the corporation's business are not met. An amount entered here will be added to income on the CO-17.A.1.
Non deductible club dues and fees Club dues and fees are not deductible from income for tax purposes where the main purpose of using the club facilities is for dining, sports, or other recreational purpose. The amount entered here will be added back to net income on Schedule 1 (T2S(1)).
Non deductible fines and penalties Section 67.6 prohibits deductions for fines and penalties, including municipal parking tickets. It does not apply to interest, including interest on penalties.
Non deductible interest
Non deductible legal and accounting fees
Non deductible life insurance premiums
Overcontributions to company pension plan Enter the amount of non deductible over-contributions to the company pension plan here. The amount entered will be added back to income.
The amount of deducted contributions to pension and other deferred income plans must be disclosed on Schedule 15 (T2S(15)). Use the DeferIncPlan keyword group to indicate such contributions. DT Max will then produce a Schedule 15 (T2S(15)) based on the information entered.
Optional inventory adjustment - current year
Other expenses from financial statements Enter other expenses capitalized in the financial statements which are taxable here. The amount entered will be added back to income.
Production services tax credit - Sch. 558
Receivables/prepaid - cash basis - opening
Renovations/transform. toward access to building - Qc
Rental housing construction tax credit - Sch. 394
Reserves from statements - ending of year
Resource deduction in books
Taxable/non-deduct. other comprehensive income items
Total SR&ED expenses deducted in fin. statements Enter SR&ED expenses deducted in the financial statements here. The amount entered will be added back to income.
For tax purposes, Schedule 32 (T661) detailing the claim for SR&ED expenditures in Canada will result in a deduction from income on Schedule 1 (T2S(1)). Use the CCA-Class group and choose the SR&ED option (current or capital) to enter the claim being made. Enter the relevant ITC code in the ITC-CODE keyword to claim the investment tax credit or refund on Schedule 31 (T2038).
Portion of R&D exp. from wages paid for support - Qc
Portion of R&D exp. from amts paid to subcontractors in Qc
Portion of R&D exp. from other expenditures - Qc
Portion of R&D exp. from R&D report preparers fees - Qc
Sales tax assessments
Shares issue expense
Soft costs - building construction, renovation Enter generally any expenses known as "soft costs" incurred during the alteration, construction or renovation of buildings and which must be capitalized. The amount entered will be added to income.
Work in progress at end of previous yr - Qc
Write-down of capital property
Other additions - specify
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 201 - Reconciliation
Line 300 - Net income (loss) for tax purposes
See the CRA's general income tax guide:
Line 300 - Net income or (loss) for income tax purposes
Use the keyword Net-Inc-Ded to enter deductions from net income (loss) per financial statements. These amounts will be shown on schedule 1, and the CO-17.A.1 as positive amounts.
The following options are applicable for the keyword Net-Inc-Ded.
Accrual inventory - closing
Accruals/payables - cash basis - opening
Accrued dividends - current year
Add. ded. transport. costs manufacturing SMEs
Add. ded. transport. costs SMEs remote area
Add. capital cost allowance of a vessel
Additional CCA - Data processing or M&P equipment (35%)
Additional CCA - Data processing or M&P equipment (60%)
Additional CCA - Data processing or M&P equipment (30%)
Amount paid - environmental trust
Averaged inc. from sale of timber - current year
Bad debts
Book gain on debt settlement - Qc
Book income on joint venture
Book income on partnership
Contractors' completion method adj. - current year
Deferred and prepaid expenses
Exempt income under ITA 81
Financial expenses - Qc
Foreign tax (146.1 deduction) - Qc
Gain from disposal of assets
Gain from disposal of other assets - Qc
Gain in equity of subsidiary, affiliate
Holdbacks receivable
Incorporation expenses
Inventory depreciation - prior year
Mandatory inventory adjustment - prior year
Non-Canadian advertising - broadcasting
Non-Canadian advertising - printed materials
Non-tax./deductible other comprehensive income items
Optional inventory adj. - prior year
Other income from financial statements
Prov. cap. tax capitalized in fin. statements Enter provincial capital tax which was capitalized in the financial statements (charged to a tax liability account) and paid in the year here. The amount entered will be deducted from income.
Quebec credits not subject to income tax Enter any Quebec credits (i.e. manpower training credits) that are not subject to income tax here. The amount entered here will be deducted from income.
Receivables/prepaid - cash basis - closing
Renovations/transform. toward access to building - Qc
Reserves from statements - beginning of year
Share issue expenses - Qc
Tax relief for public transport organized by employer - Qc Tax legislation will be amended so that an employer that organizes, alone or jointly with other employers, a public transportation service for employees who live outside the local municipal territory where the establishment they normally work at is located may deduct, in the calculation of its income from a business for a given taxation year, an additional amount equal to 100% of the deductible amount for the setting up and operation of such a service, if the following conditions are met:
- The transport service is provided at least five days a week, except during holidays or a slowdown in the business' activities. - Employees are transported in a vehicle with a design capacity of at least 15 people (coach, minibus or van). - Employees can get on and off the vehicle only at pre-determined places.
These changes will apply as of the 2012 taxation year.
Tax relief from transit passes for employers - Qc
Work in progress at end of current yr - Qc
Other deductions - specify
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 201 - Reconciliation
Line 300 - Net income (loss) for tax purposes
See the CRA's general income tax guide:
Line 300 - Net income or (loss) for income tax purposes
Use the keyword Tax-Credit-Add to enter taxable tax credits added to net income (loss) per financial statements. These amounts will be shown on Quebec form CO-17.A.1.
The following options are applicable for the keyword Tax-Credit-Add.
001 Losses in regard of a previous year loss
002 Salaries and wages (SR&ED)
003 University research (SR&ED)
004 Pre-competitive research (SR&ED)
005 Losses in regard of a current year loss
006 Taxi business
007 Forest producers property tax refund
008 Training
009 On-the-job training
010 Design consulting - outside contract
011 Québec film production
012 Multimedia titles
013 Capitalisation des PME
014 Shipbuilding
015 Ship transformation
016 Dues/fees paid to research consortium
017 Design consulting - internal
018 Job creation
019 Reporting of tips
020 Wages - innovative project
021 Purchase/location of property - CDTI
022 Less polluting technology uses
023 Tax paid by environmental trust
024 Film dubbing
025 Specialized employees training - CFI
026 Solicitation expenditures - CFI
027 Portfolio managers
028 Investment fund creation
029 Film production services
030 Clothing/footwear industry job creation
031 Wages - Cité du multimédia
033 Railway companies
034 Additional tax credit for SR&ED
035 Technological adaptation services
036 CNNTQ established corporations
037 Wages - NEC or CDB
038 Acquisition fees - NEC or CDB
039 Wages - SDZCIMM
040 Customs brokerage services - SDZCIMM
041 Acquisition or leasing of equipment - SDZCIMM
042 Sound recordings
043 Musical productions
044 Apprenticeship of new employees - CO
045 Electronic trading solutions
046 Aluminium valley
047 Angus Technopole
048 Book editing
049 Salaries - CCE
050 Promotion with investors
051 Hiring of junior financial analysts
052 Building of strategic structures - ZCIMM
053 Maintenance of race horses
054 Numerical shows
055 Salairies - corp. in Gaspésie/Qc maritime area
056 Foreign investment fund - IFC
057 Processing in resource areas
058 Mining exploration expenses
059 Corporation in the Cité de la biotechnologie
060 Specific hiring of specialized installations
061 Hiring of junior financial analysts - DFI
062 Stock brokers with the Nasdaq
063 Electronics business
064 Modernization of the taxi fleet
065 Biotechnology development
066 Nutraceuticals and functional foods
067 Innovation centres
068 On-the-job training - Emploi Québec
069 Mineral resources
070 New graduates hiring
071 Building of access roads and public bridges
072 Job creation - resources areas
073 Job creation - designated area
074 Québec ethanol production
075 Major employment generating projects
076 Capital for investments
077 Construction of access road
078 Pig manure processing Installation
079 Pre-competitive research in private partnership
080 Training in the manufaturing sector
081 Training in French
082 Job creation in the resource regions
083 Job creation - Aluminium Valley
084 Job creation - Gaspésie/Maritime regions
085 Investment
086 E-business development
087 Acq. or lease of a new energy-efficient vehicle
088 Job creation in resource regions
089 Salaries & wages - IFC
090 Production of cellulosic ethanol
091 Hiring of employees for financial services corp.
092 New financial services corporation
093 Diversification of markets
094 Modernization of tourist accomodations
095 Production of multimedia events and environments
096 Share issue expenses (REA II)
097 Damage insurance firms
098 Building used in M&P activities
099 Information technologies - SME
100 Interest on loan granted by seller-lender
101 Promote employment in Gaspésie/maritime regions
102 Major digital transformation projects
103 Production of biodiesel fuel in Québec
104 Employee training tax credit - SMB
105 Digital transformation of print media companies
106 Pyrolysis oil production in Quebec
107 Retention of experienced workers - SMB
108 Support the print media companies
109 Investment and innovation
110 Persons with severely limited capacity - SMB
111 Production of biofuel in Québec
301 Foreign tax - current year
302 Foreign tax - previous year
303 Environmental trust
304 Designated trust
305 Financial tools specialized employees
Select
Use the keyword Tax-Credit-Ded to enter non-taxable tax credits deducted from net income (loss) per financial statements. These amounts will be shown on Quebec form CO-17.A.1.
The following options are applicable for the keyword Tax-Credit-Ded.
001 Losses in regard of a previous year loss
002 Salaries and wages (SR&ED)
003 University research (SR&ED)
004 Pre-competitive research (SR&ED)
005 Losses in regard of a current year loss
006 Taxi business
007 Forest producers property tax refund
008 Training
009 On-the-job training
010 Design consulting - outside contract
011 Québec film production
012 Multimedia titles
013 Capitalisation des PME
014 Shipbuilding
015 Ship transformation
016 Dues/fees paid to research consortium
017 Design consulting - internal
018 Job creation
019 Reporting of tips
020 Wages - innovative project
021 Purchase/location of property - CDTI
022 Less polluting technology uses
023 Tax paid by environmental trust
024 Film dubbing
025 Specialized employees training - CFI
026 Solicitation expenditures - CFI
027 Portfolio managers
028 Investment fund creation
029 Film production services
030 Clothing/footwear industry job creation
031 Wages - Cité du multimédia
033 Railway companies
034 Additional tax credit for SR&ED
035 Technological adaptation services
036 CNNTQ established corporations
037 Wages - NEC or CDB
038 Acquisition fees - NEC or CDB
039 Wages - SDZCIMM
040 Customs brokerage services - SDZCIMM
041 Acquisition or leasing of equipment - SDZCIMM
042 Sound recordings
043 Musical productions
044 Apprenticeship of new employees - CO
045 Electronic trading solutions
046 Aluminium valley
047 Angus Technopole
048 Book editing
049 Salaries - CCE
050 Promotion with investors
051 Hiring of junior financial analysts
052 Building of strategic structures - ZCIMM
053 Maintenance of race horses
054 Numerical shows
055 Salairies - corp. in Gaspésie/Qc maritime area
056 Foreign investment fund - IFC
057 Processing in resource areas
058 Mining exploration expenses
059 Corporation in the Cité de la biotechnologie
060 Specific hiring of specialized installations
061 Hiring of junior financial analysts - DFI
062 Stock brokers with the Nasdaq
063 Electronics business
064 Modernization of the taxi fleet
065 Biotechnology development
066 Nutraceuticals and functional foods
067 Innovation centres
068 On-the-job training - Emploi Québec
069 Mineral resources
070 New graduates hiring
071 Building of access roads and public bridges
072 Job creation - resources areas
073 Job creation - designated area
074 Québec ethanol production
075 Major employment generating projects
076 Capital for investments
077 Construction of access road
078 Pig manure processing Installation
079 Pre-competitive research in private partnership
080 Training in the manufaturing sector
081 Training in French
082 Job creation in the resource regions
083 Job creation - Aluminium Valley
084 Job creation - Gaspésie/Maritime regions
085 Investment
086 E-business development
087 Acq. or lease of a new energy-efficient vehicle
088 Job creation in resource regions
089 Salaries & wages - IFC
090 Production of cellulosic ethanol
091 Hiring of employees for financial services corp.
092 New financial services corporation
093 Diversification of markets
094 Modernization of tourist accomodations
095 Production of multimedia events and environments
096 Share issue expenses (REA II)
097 Damage insurance firms
098 Building used in M&P activities
099 Information technologies - SME
100 Interest on loan granted by seller-lender
101 Promote employment in Gaspésie/maritime regions
102 Major digital transformation projects
103 Production of biodiesel fuel in Québec
104 Employee training tax credit - SMB
105 Digital transformation of print media companies
106 Pyrolysis oil production in Quebec
107 Retention of experienced workers - SMB
108 Support the print media companies
109 Investment and innovation
110 Persons with severely limited capacity - SMB
111 Production of biofuel in Québec
301 Foreign tax - current year
302 Foreign tax - previous year
303 Environmental trust
304 Designated trust
305 Financial tools specialized employees
Select
Additions to net income for tax purposes that are required in order to calculate taxable income should be entered here. They will be shown as positive amounts.
The following options are applicable for the keyword Tax-Inc-Add.
Deductions from net income for tax purposes that are required in order to calculate taxable income should be entered here. They will be shown as positive amounts.
The following options are applicable for the keyword Tax-Inc-Ded.
Commercialization of innovations in Québec
Tax. dividends/capital gains alloc. by central credit union
Exploration expenses - Near North or Far North
Taxed capital gains
Income-averaging deduction for forest producers A qualified corporation may deduct, in calculating taxable income for the year, an amount not exceeding 85% of the lesser of the following amounts: $200,000 or the income earned from certified commercial activities minus the losses resulting from these activities.
Income from an international financial centre Adjustments for an international financial centre are effective for taxation years ending after May 2, 1991. QTA section 737.14 allows a Quebec corporation operating an IFC in a taxation year to deduct from its taxable income the amount of income exceeding losses from IFC operations.
Income from funds invested in tax-free reserve by shipowner
Income from a large investment project A corporation that, after November 20, 2012, carries out a large investment project of at least $300 million in Québec may, under certain conditions, benefit from a tax holiday.
This holiday applies to income tax on the income from its eligible activities relating to such project and to employer contributions to the health services fund on the portion of salaries and wages paid to its employees for carrying out eligible activities. This tax holiday will last for ten years and may not exceed 15% of the total eligible investment expenditures.
This tax holiday is abolished as of March 21, 2023 and as a result, no new application for an initial qualification certificate will be accepted. However, the abolition of this tax holiday will not affect the eligibility of corporations that already hold a qualification certificate or that have already applied for the issuance of an initial qualification certificate.
Implementation of a large investment project A corporation that, after March 21, 2023, carries out a large investment project in Québec may, under certain conditions, benefit from an income tax holiday and from a holiday from the employer contribution to the HSF.
This new tax holiday will have a 10-year duration. It will be calculated by applying a rate of 15%, 20% or 25% to the cumulative total eligible expenditures related to the project. This rate will be determined according to the economic vitality index of the territory where the large investment project will be carried out, subject to certain rules applicable in the event that a large investment project is carried out in more than one territory. In addition, the cumulative total eligible expenditures relating to the project may not exceed $1 billion.
Major investment project
Patronage dividend
Shares of prospector & grubstaker The deduction for prospector's & grubstaker's shares allowed by Fed ITA 110(1)(d.2) is deducted from net income for tax purposes. This amount is needed on Schedule 21 (T2S(21)) to calculate adjusted net income for purposes of the maximum allowable foreign tax credit.
Employer deduction in respect of non-qualified securities The employer deduction in respect of non-qualified securities is deducted from net income for tax purposes.
Other deduction (specify) Enter any other deductions from net income for tax purposes. These amounts will be deducted as other adjustments on the provincial return.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 350 - Prospector's and grubstaker's shares
Line 352 - Employer deduction for non-qualified securities
See the CRA's general income tax guide:
Line 350 - Prospector's and grubstaker's shares
Line 352 - Employer deduction for non-qualified securities
Use the keyword Commission-Amt to enter the amount of the commissions from sales agencies.
Use the keyword Commission-Rate to enter the percentage of commission from the sales agencies.
Use the keyword QC-Trans-CO156TZ to indicate whether or not the corporation wishes to claim the additional deduction for transportation costs of a SMB located in the special remote area for its tax year that begins after March 28, 2017.
In order to claim the additional deduction, the corporation must meet the following criteria:
- throughout its taxation year, the business was a Canadian-controlled private corporation,
- over 50% of its cost of labor or over 50% of its cost of capital for the taxation year is attributable to the carrying on of a business located in the special remote area,
- its paid-up capital used in the calculation of the small business deduction (SBD) for the taxation year is less than $ 15 million,
- the business did not claim, for the taxation year, the additional deduction for transportation costs of remote manufacturing SMBs.
The following options are applicable for the keyword QC-Trans-CO156TZ.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 201 - Reconciliation
Line 300 - Net income (loss) for tax purposes
See the CRA's general income tax guide:
Line 300 - Net income or (loss) for income tax purposes
Enter any differences between the change in fixed assets during this year per books and for tax purposes in the FixdAssetRec keyword. DT Max will then generate schedule 8-Rec (Reconciliation) schedule. This schedule is not for filing purposes but may be useful internally; you can ensure no errors or omissionsof changes in fixed assets are in the tax returns to be filed. If you cannot reconcile the schedule, use ExplainDiff to describe the source of the difference, if it is known.
The following options are applicable for the keyword FixdAssetRec.
Net book value - opening
Net book value - ending The opening and ending net book values are needed to determine the change in fixed assets per books.
Deferred book additions Book additions of fixed assets which are deferred for tax purposes entered here will be added or deducted from the change in fixed assets for tax purposes. If property acquired in the year is not depreciable for tax purposes due to the available-for-use rule, enter the amount as positive and it will be added to the additions for tax purposes. If a prior year addition is available for use this year, it should be entered as a negative amount here and it will be deducted from the additions for tax purposes.
Operating leases capitalized (books) Operating leases capitalized for book purposes will be added to the change in fixed assets for tax purposes. Where the accounting treatment of a lease is as a capital lease but the same lease is considered to be an operating lease for tax purposes, the capitalized value of the lease on the books must be added back here.
Deferred capital gain Capital gains deferred for tax purposes will be added to the change in fixed assets for tax purposes. Deferral of the capital gain can arise when a capital gains reserve has been taken on proceeds receivable, when business property has been replaced or on a rollover of property by the corporation where no gain or loss has occurred for tax purposes.
Deferred recapture Recaptures deferred for tax purposes will be added to the change in fixed assets for tax purposes. Deferral of the recapture can arise when the replacement property rules are applied.
Ded. expenses capitalized (books) Deductible items for tax purposes which are capitalized for books purposes will be added to the change in fixed assets for tax purposes.
Non dep. expenses capitalized (books) Non depreciable expenses for tax purposes which are capitalized on the corporation's books will be added to the change in fixed assets for tax purposes. These items are not recognized for tax purposes.
Investment tax credits booked Investment tax credits (ITC's) which are booked for accounting purposes will be deducted from the change in fixed assets for tax purposes. When ITC's have been deducted from fixed assets on the books, enter the amount deducted here. For tax purposes, an adjustment for the ITC's earned is required next year.
Proceeds in excess of original cost
Pre-valuation day appreciation Pre-Valuation-day appreciation of property will be deducted from the change in fixed assets for tax purposes. For such property disposed of during the year, this appreciation is excluded from any taxable capital gain on the property although it is reflected in the proceeds of disposition for book purposes; an adjustment to remove this element from the proceeds is, as a result, required.
Book loss on disposal of fixed assets
Book gain on disposal of fixed assets
Other (specify) Enter other items reconciling the change in fixed assets for tax to books. If the amount is to be deducted from the change for tax purposes, enter the amount as negative; if it is an addition, enter as a positive amount.
If schedule 8-Rec (Fixed asset reconciliation) is used but cannot be reconciled, use ExplainDiff to describe the source of the difference, if it is known. This will be printed on schedule 8-Rec. DT Max will generate this schedule if you use the FixdAssetRec keyword to enter any differences between the change in fixed assets per books and for tax purposes.
Use OntCMTAdjust if the corporation is subject to Ontario corporate minimum tax. DT Max will calculate the Ontario CMT base on schedule 510.
The following options are applicable for the keyword OntCMTAdjust.
Dividends deductible per fed. subs. 138(6) Enter dividends received/receivable that are deductible under federal subsection 138(6).
Equity income (loss) from corporations Adjustments to financial statement net income are required if the equity or consolidation methods of accounting have been used. For CMT purposes, these methods are specifically disallowed. As a result, equity income recorded in the financial statements is deducted from net income recorded and equity losses are added back in order to reflect use of the cost method of accounting. Enter equity income as positive and losses as negative.
Share of partnership/JV income (loss) Enter the corporation's share of partnership(s)' or joint venture(s)' income (loss) to the extent that it is reflected in the corporation's net income from its financial statements. Enter total net income earned as a positive amount and the amount entered will be deducted from net income. Enter total net losses as a negative amount and the amount entered will be added to net income.
Share of partnership/JV adj. income (loss) Enter the corporation's share of adjusted partnership(s)' or joint venture(s)' income (loss). This is the corporation's share of partnership and joint venture income (loss) which is recalculated on a CMT basis. Enter total adjusted net income earned as a positive amount and the amount entered will be added to net income. Enter total adjusted net losses as a negative amount and the amount entered will be deducted from net income.
Dividends deducted in financial statements Enter dividends that have been deducted to arrive at net income per financial statements. This includes dividends that have been declared and paid after May 5, 1997, pursuant to Ontario subs.57.4(1.1), but excludes dividends under federal subs. 137(4.1).
Patronage div. received & not included in net inc/loss
Patronage div. paid & not included in net inc/loss
Fed ITA 85 or 85.1 accounting gain
Fed ITA 85 or 97 accounting gain
Fed ITA 87 accounting gain
Fed ITA 88 accounting gain
Fed ITA 13(4) & 44 accounting gain Tax-deferred book gains on rollovers must be subtracted from financial statement net income for CMT purposes. Enter gains as positive amounts and the amount entered will be deducted from net income. Losses entered as negative amounts will be added to net income. These are amounts which are elected on transfers of property pursuant to sections 57.9 and 57.10 of the Ontario Corporations Tax Act.
Allowable interest not otherwise deducted Enter interest allowable under para. 20(1)(c) or (d) of the ITA to the extent it has not been deducted otherwise in determining CMT adjusted net income.
Capital gains on eligible donations Enter capital gains on eligible donations of publicly-listed securites and ecologically sensitive land made after May 1, 2006 to the extent reflected in net income/loss.
Other - enter adjustment type Enter adjustments other than the above types here. The amount and description entered will print on Schedule 1-CMT (T2S(1)-CMT). Enter additions to financial statement net income as positive amounts and deductions as negative.
Extraordinary items recorded in the financial statements are excluded from financial statement net income for Ontario CMT purposes. Enter extraordinary items to be added back to income as positive amounts and items to be deducted as negative amounts.
Use ABILOV to override the allowable business investment loss (ABIL) deducted from net income on schedule CO-17.A.1.
DT Max can also calculate the deductible loss and amount to be carried forward. Enter current year dispositions which qualify for an ABIL in the CapitalProp group and choose "YES" in the ABIL-Disp keyword in this group. Use [Alt-J] to enter different values for other jurisdictions.
This information which is from the corporation's financial statements is requested on page 1 of the Quebec CO-17 return. Use [Alt-J] to enter different values for other jurisdictions.
Gross revenues of the corporation for the year.
Use [Alt-J] to enter different values for other jurisdictions.
Use Assets.al to enter the total assets of the corporation as at the current taxation year-end date, as requested on page 1 of the Alberta AT1 return. This amount must be entered to the nearest thousand of dollars.
If the corporation's permanent establishment is in another jurisdiction such as Quebec, Manitoba, Saskatchewan or British Columbia where tax on capital exists, the total assets must be entered in the Assets keyword within the TaxOnCapital group.
Net share equity of the corporation as at the year-end date. Use [Alt-J] to enter different values for other jurisdictions.
Federal budget 2018 introduced an additional eligibility mechanism for the small business deduction, based on the corporation's passive investment income. This change gradually reduces access to the small business tax rate for corporations that have significant passive investment income. Such an approach would reinforce the principle that the small business rate is targeted to support small businesses, which tend to have more difficulty accessing capital, so they can re-invest in their active business, not accumulate a large amount of passive savings.
If a corporation and its associated corporations earn more than $50,000 of passive investment income in a given year, the amount of income eligible for the small business tax rate would be gradually reduced. For the limited number of corporations earning that level of passive income, their corporation's active business income would potentially be taxed at the general corporate income tax rate.
The small business deduction limit be reduced by $5 for every $1 of investment income above the $50,000 threshold (equivalent to $1 million in passive investment assets at a 5-per-cent return), such that the business limit would be reduced to zero at $150,000 of investment income (equivalent to $3 million in passive investment assets at a 5-per-cent return).
This change will apply to a new definition of investment income: adjusted aggregate investment income (AAII) and generally includes the following types of investment income.
- interest
- taxable capital gains in excess of allowable capital losses of the current taxation year
from the disposition of passive investments
- rents
- royalties
- portfolio dividends
- dividends from foreign corporations that are not foreign affiliates
- income from savings in a life insurance policy that is not an exempt policy
Excluded from AAII will be gains or losses from the disposition of "active assets", dividends received from connected corporations, income from AgriInvest and also rents or interest received from an associated corporation if such income is re-classified for income tax purposes to be active business income.
It is important to note that when determining if the passive income business limit reduction applies, it is the AAII earned in each taxation year that ended in the previous calendar year that impacts the calculation for the relevant taxation year.
The keyword AAII opens the group to enter information regarding the adjusted aggregate investment income calculation found on federal Schedule 7.
This measure will apply to taxation years that begin after 2018. However, it can also apply to a tax year of a corporation that begins before 2019 and ends after 2018 under the following circumstances:
- the corporation's preceding tax year was, because of a transaction or event or a series of
transactions or events, shorter than it would have been in the absence of that transaction,
event or series; and
- one of the reasons for the transaction, event or series was to defer the application of
subsections 125(5.1), (5.2) and (7) to the corporation.
The following options are applicable for the keyword AAII.
Use the keyword CapGainLoss.aaii to enter the eligible portion of the taxable capital gains or allowable capital losses (including allowable business investment losses) other than from a disposition of active assets.
Active asset, of a particular corporation at any time, means property that is:
(A) used at that time principally in an active business carried on primarily in Canada by the
particular corporation or by a Canadian-controlled private corporation that is related to
the particular corporation
(B) a share of the capital stock of another corporation if, at that time,
- the other corporation is connected with the particular corporation (within the meaning assigned
by subsection 186(4) on the assumption that the other corporation is at that time a payer
corporation within the meaning of that subsection), and
- the share would be a qualified small business corporation share (as defined in subsection 110.6(1)) if:
- the references in that definition to an "individual" were references to the particular corporation, and
- that definition were read without reference to "the individual's spouse or common-law partner", or
(C) an interest in a partnership, if:
- at that time, the fair market value of the particular corporation's interest in the partnership is equal
to or greater than 10% of the total fair market value of all interests in the partnership
- throughout the 24-month period ending before that time, more than 50% of the fair market value of the
property of the partnership was attributable to property described in this paragraph or in paragraph (A) or (B), and
- at that time, all or substantially all of the fair market value of the property of the partnership was
attributable to property described in this paragraph or in paragraph (A) or (B).
The following options are applicable for the keyword CapGainLoss.aaii.
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword LifeInsur-Policy to enter the amounts in respect of a life insurance policy that are included in computing a corporation's income for the year, even if those amounts were not included in computing the aggregate investment income in Part 1 of Schedule 7. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword For-AccrualTax to enter the amount of any foreign accrual tax that the corporation deducted in computing its income for the year under subsection 91(4) of the Income Tax Act. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword AAII-OV to override certain inclusions and exclusions pertaining to the adjusted aggregate investment income calculated by DT Max.
The following options are applicable for the keyword AAII-OV.
Total income from property
Exempt income
Amounts received from AgriInvest Fund No. 2
Dividends from connected corporations
Business income from an interest in a trust
Total losses from property
Adjusted aggregate investment income - line 745, sch. 7
Use [Alt-J] to enter different values for other jurisdictions.
Enter the amount of Quebec taxable income here which is not subject to Quebec tax due to a provision in the Quebec Taxation Act. This amount will be deducted from taxable income on the CO-771. calculation of income tax form
Use the keyword Patronage to indicate if allocations in proportion to patronage were made to all customers at the same rate, except to allow for different types or classes of goods, products or services, or classes, grades or qualities of these goods, products or services.
The following options are applicable for the keyword Patronage.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 216 - Patronage dividend deductions
Use the keyword Patron-Divs to enter the details of the patronage dividends paid to both member customers and non member customers.
The following options are applicable for the keyword Patron-Divs.
Member customers of the year
Member customers of the year (agr. co-op)
Non-member customers of the year
Non-member customers of the year (agr. co-op)
Member customers of a previous year
Member customers of a previous year (agr. co-op)
Non-member customers of a previous year
Non-member customers of a previous year (agr. co-op)
Use the keyword Bus-Trans to allocate the total business transacted between member and non member customers.
The following options are applicable for the keyword Bus-Trans.
Use the keyword Patron-CF to enter the amount of the balance of undeducted amounts carried forward from a previous year. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Patron-Trans to enter the total of undeducted amounts transferred on amalgamation or wind-up of a subsidiary. Use [Alt-J] to enter different values for other jurisdictions.
A corporation eligible for the small business deduction must recalculate its patronage dividend deduction to correct its income from an active business carried on in Canada, where that income differs from the corporation's net income for tax purposes determined before taking the patronage dividend deduction into account.
Use the keyword Patron-ABI to specify patronage dividend amounts attributable to active business income whenever these differ from amounts allocated to member and non-member customers.
The following options are applicable for the keyword Patron-ABI.
Total paid to all customers, attributable to ABI
Paid in the year to non-members, attributable to ABI
Undeducted amounts attributable to ABI
Total paid to all customers, attributable to ABI - QC
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Hours-Employees to indicate the number of hours paid for the employees of the corporation in the current year.
On March 25, 2021, the Government of Québec announced its 2021-2022 budget. As a result, for a given taxation year that ended after June 30, 2020, but before July 1, 2021, a corporation may apply to the Minister of Revenue for the number of remunerated hours that were used to determine whether it was eligible for the SBD or to establish its SBD rate, for its taxation year immediately preceding the given year, to be used to determine whether it qualifies for the SBD or to establish its SBD rate for the given year.
For a given fiscal period of a partnership that ends after June 30, 2020 and before July 1, 2021, a corporation that is a member of the partnership during a taxation year in which the given fiscal period ends may apply to the Minister of Revenue for the partnership's remunerated hours, for its fiscal period ended immediately before the given period, to be used to determine eligibility for the SBD of the corporation's share of the partnership's income for the given period.
A corporation may apply to the Minister of Revenue when filing its tax return, or if the tax return has already been sent, submit its request separately.
The following options are applicable for the keyword Hours-Employees.
Total number of hours paid for employees during tax year
Total number of hours paid for employees in prior year Special rules apply to a corporation resulting from an amalgamation and in its first taxation year after the amalgamation if that year ends after June 27, 2023. Such a corporation may include on line 07b the number of hours paid to employees of the amalgamated corporations for the taxation years of those corporations ending in the calendar year preceding the one in which its first taxation year ends.
The keyword Election-CO771CH is used solely for purposes of Quebec form CO-771.CH.
Form CO-771.CH must be completed by any corporation that wishes to make an election concerning the number of employee remunerated hours for a taxation year ending after June 30, 2020, but before July 1, 2021. A corporation that makes the election can, when determining whether it can claim the small business deduction (SBD) or when calculating its SBD rate for the year, apply the number of remunerated hours it used to determine its eligibility for the SBD or to calculate its SBD rate for the previous taxation year.
If the corporation is making this election, use this keyword to enter the number of employee remunerated hours of the corporation for the previous taxation year.
If the election applies and for purposes of Quebec form CO-771 line 07a, you must enter the keyword Hours-Employees and choose option "Total number of hours paid for employees in prior year".
The following options are applicable for the keyword Election-CO771CH.
Use the keyword S23-AssoCode to indicate the association code.
The following options are applicable for the keyword S23-AssoCode.
01 Associated for purposes of the business limit
02 CCPC that is a third corporation - s.256(2)
03 Non-CCPC that is a third corporation -s.256(2)
04 Associated non-CCPC
05 Associated CCPC - via third corp - s.256(2)
Use SmallBusLim to override this corporation's business limit for purposes of the small business deduction.
DT Max will otherwise calculate the limit based on all information entered, including the RelatedParty groups entered for associated corporations, as $500 000 less the limit(s) allocated to any associated corporation(s). If this corporation's taxation year is less than 51 weeks, DT Max will prorate the limit by the number of days in the year over 365. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 410 - Business limit
See the CRA's general income tax guide:
Line 410 - Business limit
Use the keyword SBD-Agreement to select the type of agreement to allocate the business limit.
The following options are applicable for the keyword SBD-Agreement.
Corp. is a designated partner
Corp. is allocating business limit to designated partner
Corp. is a supplier corporation
Corp. is allocating business limit to supplier corporation
Use the keyword Partner-Name.sb to enter the name of the partner allocating the business limit to the filing corporation.
Use the keyword CCPC.sbd to indicate whether or not the allocating/supplier corporation is a Canadian-controlled private corporation (CCPC).
The following options are applicable for the keyword CCPC.sbd.
Use the keyword Bus-Num-Fed to enter the federal business number of the corporation.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 490 - Business number
Use the keyword Ident-Num.sbd to enter the Quebec identification number.
Use the keyword SIN.sbd to enter the social insurance number (SIN) of the partner.
Use the keyword TrustNumber.sbd to enter the trust account number of the partner.
The format of the trust account number is "TNN NNNN NN".
If the partner does not have a trust account number, you must enter "NA".
Use the keyword Address.sbd to enter the street address.
Use the keyword City.sbd to enter the name of the city.
Use the keyword Province.sbd to select the province.
The following options are applicable for the keyword Province.sbd.
Use the keyword State.sbd to select the state.
If the country is not Canada, use the keyword Country.sbd to select the country.
Use the keyword PostCode.sbd to enter the postal code.
Use the keyword ZIPCode.sbd to enter the zip code.
Use the keyword For-Post.sbd to enter the foreign postal code.
Use the keyword Year-Begin.sbd to enter the year start.
Use the keyword Year-End.sbd to enter the year end.
Use the keyword TaxYear.sbd to enter the tax year if the partner is an individual.
Use the keyword Member-Interest% to enter the partner's percentage interest in the partnership.
Use the keyword Title.sbd to enter the title of the representative authorized to sign and the signing date.
The following options are applicable for the keyword Title.sbd.
Use the keyword BusLim-Alloc.sbd to select the type of business limit allocated.
The following options are applicable for the keyword BusLim-Alloc.sbd.
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword PartnershipName to enter the name of the partnership the filing corporation is supplying goods and or services to.
Use the keyword CCPC.sbd to indicate whether or not the allocating/supplier corporation is a Canadian-controlled private corporation (CCPC).
The following options are applicable for the keyword CCPC.sbd.
Use the keyword Ident-Num.sbd to enter the Quebec identification number.
Use the keyword NEQ.sbd to enter the Quebec enterprise number (NEQ).
Use the keyword Year-Begin.sbd to enter the year start.
Use the keyword Year-End.sbd to enter the year end.
Use the keyword PartnershipName.s to enter the name of the partnership the filing corporation is a member of. The information regarding this partnership should be entered in the RelatedParty keyword group. The name of the partnership entered in the keyword PartnershipName.s must be an exact match to the entry in the keyword Name.re in the RelatedParty keyword group.
Use the keyword Des-Partner-Name to enter the name of the corporation that the filing corporation is allocating the business limit to.
Use the keyword CCPC.sbd to indicate whether or not the allocating/supplier corporation is a Canadian-controlled private corporation (CCPC).
The following options are applicable for the keyword CCPC.sbd.
Use the keyword Bus-Num-Fed to enter the federal business number of the corporation.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 490 - Business number
Use the keyword Ident-Num.sbd to enter the Quebec identification number.
Use the keyword NEQ.sbd to enter the Quebec enterprise number (NEQ).
Use the keyword Address.sbd to enter the street address.
Use the keyword City.sbd to enter the name of the city.
Use the keyword Province.sbd to select the province.
The following options are applicable for the keyword Province.sbd.
Use the keyword State.sbd to select the state.
If the country is not Canada, use the keyword Country.sbd to select the country.
Use the keyword PostCode.sbd to enter the postal code.
Use the keyword ZIPCode.sbd to enter the zip code.
Use the keyword For-Post.sbd to enter the foreign postal code.
Use the keyword Year-Begin.sbd to enter the year start.
Use the keyword Year-End.sbd to enter the year end.
Use the keyword Title.sbd to enter the title of the representative authorized to sign and the signing date.
The following options are applicable for the keyword Title.sbd.
Use the keyword Revenue.sbd to enter revenue from goods and or services supplied to partnership or private corporation. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 500 - Income for the small business deduction
Use the keyword BusLim-Alloc.sbd to select the type of business limit allocated.
The following options are applicable for the keyword BusLim-Alloc.sbd.
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword PrivateCorp-Name to enter the name of the corporation allocating the business limt to the filing corporation.
Use the keyword CCPC.sbd to indicate whether or not the allocating/supplier corporation is a Canadian-controlled private corporation (CCPC).
The following options are applicable for the keyword CCPC.sbd.
Use the keyword Bus-Num-Fed to enter the federal business number of the corporation.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 490 - Business number
Use the keyword Ident-Num.sbd to enter the Quebec identification number.
Use the keyword NEQ.sbd to enter the Quebec enterprise number (NEQ).
Use the keyword Address.sbd to enter the street address.
Use the keyword City.sbd to enter the name of the city.
Use the keyword Province.sbd to select the province.
The following options are applicable for the keyword Province.sbd.
Use the keyword State.sbd to select the state.
If the country is not Canada, use the keyword Country.sbd to select the country.
Use the keyword PostCode.sbd to enter the postal code.
Use the keyword ZIPCode.sbd to enter the zip code.
Use the keyword For-Post.sbd to enter the foreign postal code.
Use the keyword Year-Begin.sbd to enter the year start.
Use the keyword Year-End.sbd to enter the year end.
Use the keyword Title.sbd to enter the title of the representative authorized to sign and the signing date.
The following options are applicable for the keyword Title.sbd.
Use the keyword Revenue.sbd to enter revenue from goods and or services supplied to partnership or private corporation. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 500 - Income for the small business deduction
Use the keyword BusLim-Alloc.sbd to select the type of business limit allocated.
The following options are applicable for the keyword BusLim-Alloc.sbd.
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword SupplierCorp-Name to enter the name of the corporation receiving allocation of the business limit from the filing corporation.
Use the keyword CCPC.sbd to indicate whether or not the allocating/supplier corporation is a Canadian-controlled private corporation (CCPC).
The following options are applicable for the keyword CCPC.sbd.
Use the keyword Bus-Num-Fed to enter the federal business number of the corporation.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 490 - Business number
Use the keyword Ident-Num.sbd to enter the Quebec identification number.
Use the keyword NEQ.sbd to enter the Quebec enterprise number (NEQ).
Use the keyword Address.sbd to enter the street address.
Use the keyword City.sbd to enter the name of the city.
Use the keyword Province.sbd to select the province.
The following options are applicable for the keyword Province.sbd.
Use the keyword State.sbd to select the state.
If the country is not Canada, use the keyword Country.sbd to select the country.
Use the keyword PostCode.sbd to enter the postal code.
Use the keyword ZIPCode.sbd to enter the zip code.
Use the keyword For-Post.sbd to enter the foreign postal code.
Use the keyword Year-Begin.sbd to enter the year start.
Use the keyword Year-End.sbd to enter the year end.
Use the keyword Title.sbd to enter the title of the representative authorized to sign and the signing date.
The following options are applicable for the keyword Title.sbd.
Use the keyword Revenue.sbd to enter revenue from goods and or services supplied to partnership or private corporation. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 500 - Income for the small business deduction
Use the keyword BusLim-Alloc.sbd to select the type of business limit allocated.
The following options are applicable for the keyword BusLim-Alloc.sbd.
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Revenue.s to enter revenue from goods and/or services supplied to partnership or private corporation. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword BusLim-Alloc to select the business limit allocated by filing corporation.
The following options are applicable for the keyword BusLim-Alloc.
Total business limit allocated to other designated partners
Business limit alloc. to this specified designated partner
Total business limit alloc. to other supplier corporations
Business limit alloc. to this specified supplier corp.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 505 - Business limit assigned
Use the keyword ThirdParty-Assoc to indicate whether or not the corporation is associated with another corporation in the taxation year solely because of their association with the same third corporation.
The following options are applicable for the keyword ThirdParty-Assoc.
Use the keyword Vehicle-Exp to enter information pertaining to eligible leasing costs for passenger vehicles.
The following options are applicable for the keyword Vehicle-Exp.
Use the keyword Model.ca to enter the model of the vehicle.
Use the keyword Make.ca to enter the make of the vehicle.
Use the keyword Province.v to indicate the province so that the correct GST, PST or HST rate is applied in calculating the non-deductible portion of automobile expenses.
If there is no entry for this keyword, DT Max will look at the keyword Jurisdiction.
The following options are applicable for the keyword Province.v.
Use Leasing-Cost to enter the total leasing charges for this vehicle, namely the costs incurred in the current tax year and the costs already deducted in the past.
The following options are applicable for the keyword Leasing-Cost.
Total current year lease costs
Portion current year lease cost (pre GST/HST changes)
Lease payments already deducted (prior years)
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Leasing-Date to enter the beginning date and the ending date of the lease.
The following options are applicable for the keyword Leasing-Date.
Use the keyword List-Price to enter the manufacturer's suggested retail price for the passenger vehicle leased. Do not include taxes. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Deemed-Interest to enter the imputed interest on any refundable deposits in excess of $1,000 for the current year and preceding tax years.
The following options are applicable for the keyword Deemed-Interest.
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Leasing-Reimb to enter the total reimbursements receivable in the current year and since the lease began.
The following options are applicable for the keyword Leasing-Reimb.
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Other-Expenses to enter other non-deductible automobile expenses. Use [Alt-J] to enter different values for other jurisdictions.
Only use this keyword if you wish to bypass the automatic calculation performed by DT Max. Amounts entered in other keywords associated with leasing expenses will then be ignored. Use [Alt-J] to enter different values for other jurisdictions.
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TaxProvision 
Partner-Name.sb 
CCPC.sbd