  Overrides |
Use the keyword Override to replace the entry of a specific field or line number of the return with a different value.
Use the keyword Field-Currency to tell DT Max which field or line number you wish to override, and to specify the desired override amount for that field or line number.
First enter the field or line number to override, and then the amount of the override.
Example 1: override federal T2 line 311 to $25,000
OVERRIDE Schedule 200
FIELD-CURRENCY 311 25000
NB: If you also want to override the Quebec CO-17 line 254,
you must specify it separately. The override option
"Federal T2" does not affect the "Quebec CO-17":
OVERRIDE Quebec CO-17
FIELD-CURRENCY 254 25000
Example 2: override Quebec CO-17 line 440bb to $15,000
OVERRIDE Quebec CO-17
FIELD-CURRENCY 44022 15000
NB: For Quebec CO-17 line numbers that contain letters, as
above, replace the letter with its corresponding order
in the alphabet.
Use the keyword Field-Date to tell DT Max which field or line number you wish to override, and to specify the desired date for that field or line number.
First enter the date, and then the field or line number to override.
Example 1: override federal T2 line 61 to 2007-12-31
OVERRIDE Schedule 200
FIELD-DATE 31-12-2007 61
Use the keyword Field-Percent to tell DT Max which field or line number you wish to override, and to specify the desired percentage for that field or line number.
First enter the field or line number, and then the percentage to override.
Example 1: override federal T2 line 285 to 50%.
OVERRIDE Schedule 200
FIELD-PERCENT 285 50
Use the keyword Field-Tick to tell DT Max which field or line number you wish to override, and to specify whether or not the field or line number is to be ticked or unticked.
Example 1: override federal T2 line 66 to be ticked
OVERRIDE Schedule 200
FIELD-TICK Tick 66
The following options are applicable for the keyword Field-Tick.
The keyword AT1-OV enables you to override Alberta's filing exemption checklist and force the display of the AT1 return instead.
The following options are applicable for the keyword AT1-OV.
Use CCAOV to override the total capital cost allowance claim on schedule 1. If CCAOV is lower than the allowable CCA calculated on schedule 8, CCAOV will be used on schedule 8; CCA classes will reflect the CCAOV amount. If CCAOV exceeds allowable CCA, then schedule 8 will correctly reflect the allowable CCA amount. Use [Alt-J] to enter different values for other jurisdictions.
Use CECAOV to override the total cumulative eligible cost deduction claim on schedule 1. Use [Alt-J] to enter different values for other jurisdictions.
The keyword CO17-OV enables you to override Quebec's CO-17.SP-V return and force the display of the CO-17-V return instead.
The following options are applicable for the keyword CO17-OV.
DISPLAY-OV provides the ability to force the display of additional output schedules which may not have been generated by DT Max. Choose the option you need displayed. As soon as the tax return is calculated again, additional schedules will appear, ready for verification. Verify as required, but do not send schedules that are not required to the relevant government authority. The taxation departments have requested that unnecessary schedules not be sent. You can ensure that they are not printed by checking that no unnecessary schedules are printed to the particular destination in your default form mappings.
Use DivRefundOV to override the current year dividend refund calculated by DT Max.
For DT Max to calculate the dividend refund, enter the amount of taxable dividends paid this year in the DividendPaid keyword. Enter the prior year's ending refundable dividend tax on hand balance and dividend refund in the RDTOH-CF and DivRefund.h keywords, respectively, in the CorpHistory group.
 See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 4345 - JJ Dividend refund
Use the keyword Digit-Trans-LimOV to override the corporation's annual limit for the tax credit for the digital transformation of print media companies.
DT Max will otherwise calculate the limit as $20,000,000 less the limit(s) allocated to any associated corporation(s).
Use ExpendLimOV to override this corporation's expenditure limit for purposes of the SR&ED investment tax credit.
DT Max will otherwise calculate the limit based on all information entered, including RelatedParty groups of associated corporations, as $3,000,000 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.
Use QC-ExpendLimOV to override this corporation's expenditure limit for purposes of the SR&ED tax credit.
DT Max will otherwise calculate the limit based on all information entered, including RelatedParty groups of associated corporations, as $3,000,000 less the limit(s) allocated to any associated corporation(s).
The following options are applicable for the keyword QC-ExpendLimOV.
RD-1029.7 - expenditure limit allocation
RD-1029.8.6 - expenditure limit allocation
RD-1029.8.9.03 - expenditure limit allocation
RD-1029.8.16.1 - expenditure limit allocation
Use ForTaxCrOV to override the foreign tax credit claimed on the tax return. DT Max will enter this amount on the return. Schedule 21 will use this amount if does not exceed the allowable credit calculated; otherwise, schedule 21 will correctly reflect the allowable credit.
The following options are applicable for the keyword ForTaxCrOV.
Use [Alt-J] to enter different values for other jurisdictions.
For110-5OV allows you to override the calculation of the federal ITA sect. 110.5 addition to taxable income.
If For110-5OV is not used, DT Max will optimize the addition. If the corporation is in a loss situation, the addition will be equal to an amount which is sufficient to allow the corporation to take advantage of foreign tax credits available, as follows:
= lesser of: i) total foreign income amount and
ii) total foreign taxes amount / effective federal tax
rate
The amount added to taxable income forms part of the corporation's current year non capital loss. DT Max will add this amount to the current year non capital loss before the addition to the non capital loss on schedule 4.
The same amount added federally must also be added to Alberta taxable income; Quebec allows a different amount to be added, if any. However, for taxation years ending after 1992, no Quebec foreign tax addition is allowed; instead, the unused foreign non business tax credit can be carried forward 20 years. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 355 - Additions under s. 110.5 and/or subpar. 115(1)(a)(vii)
 See the CRA's general income tax guide:
Line 355 - Section 110.5 additions or subparagraph 115(1)(a)(vii) additions
Use the keyword For115-OV to override the amount added to taxable income for foreign tax deductions under federal ITA subparagraph 115(1)(a)(vii).
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 355 - Additions under s. 110.5 and/or subpar. 115(1)(a)(vii)
See the CRA's general income tax guide:
Line 355 - Section 110.5 additions or subparagraph 115(1)(a)(vii) additions
InvestDedOV overrides the calculation of the investment corporation deduction which will appear on line 620 of the T2 return if this corporation is an investment corporation, entered in the InvestCorp keyword.
DT Max will calculate the deduction if the InvestCorp entered is a Public Investment Corporation or a Public Investment & Mutual Fund Corporation. The deduction equals 20% of (taxable income minus taxed capital gains); taxed capital gains is the amount of current year taxable capital gains after net capital losses of the current and prior taxation years are deducted.
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 ITC-Limit to limit the amount of investment tax credit (ITC) claimed on schedule 200. If ITC-Limit is lower than the allowable ITC calculated on schedule 31, ITC-Limit will be used on schedule 31. If ITC-Limit exceeds the allowable ITC, then schedule 31 will correctly reflect the allowable ITC amount.
The following options are applicable for the keyword ITC-Limit.
Apprenticeship job creation - ITC
Child care spaces - ITC
Pre-production mining - ITC
Qualified property and qualified resource property - ITC
SR&ED - ITC
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 652 - ITC
See the CRA's general income tax guide:
Line 652 - Investment tax credit
Use ITCRefundOV to override the total investment tax credit (ITC) refund claimed on schedule 31 and on the T2 return.
DT Max will otherwise calculate the maximum allowable ITC refund on schedule 31.
The following options are applicable for the keyword ITCRefundOV.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 780 - ITC refund
See the CRA's general income tax guide:
Line 780 - Investment tax credit refund
The keyword MCT1-OV enables you to generate the Manitoba MCT 1 return despite any exemption from filing.
The following options are applicable for the keyword MCT1-OV.
Use OITCOV to override the Ontario innovation tax credit claimed by the corporation. DT Max will otherwise calculate and claim the maximum allowable OITC on the federal schedule 566 based upon the amounts entered in the "Current SR&ED" and "Capital SR&ED" CCA-Class groups and in the "Innovation Tax Credit" SR&EDInfo group.
Use ONT-SR&EDOV to override the current part of Ontario research and development tax credit claimed by the corporation. DT Max will otherwise calculate and claim the maximum allowable on the federal schedule 508.
Use ProvITC-OV to override the provincial investment tax credit.
The following options are applicable for the keyword ProvITC-OV.
Green tech. tax credit - Newfoundland & Labrador
M & P equipment ITC - P.E.I. The Prince Edward Island manufacturing and processing investment tax credit can be claimed on new manufacturing and processing equipment acquired after Dec.31/92. Enter the amount of eligible expenditures incurred this year in the ProvITCExp keyword in the relevant CCA-Class group. Any unused credits can be carried forward seven years and back three years. To override the amount of credit claimed, enter the override amount in the ProvITC-OV keyword related to this credit. Carryback requests should be made directly on Schedule 321 (T1092).
M & P equipment ITC - Newfoundland & Labrador
M & P equipment ITC - Manitoba
Resort property ITC - NFLD & Lab.
Small business venture capital tax cr. - MB The small business venture capital tax credit is a non-refundable tax credit for corporations who invest directly in emerging enterprises.
Use ProvITC-OV.r to override the provincial tax credit on SR&ED expenditures (entered in ProvITCExp.r) for SR&ED.
The following options are applicable for the keyword ProvITC-OV.r.
SR&ED ITC - Manitoba The Manitoba research and development tax credit can be claimed on expenditures incurred after Mar.11/92. Calculate the credit on Schedule 380 (T1088). Enter the amount of eligible expenditures incurred this year in the ProvITCExp.r keyword in the relevant SR&ED group. Any unused credits can be carried forward seven years and back three years. To override the amount of made directly on Schedule 380 (T1088). Enter the amount to be carried back in the Amount-CB keyword in the ProvITC-CB group.
SR&ED - Ontario
SR&ED ITC - Sask. (non-refundable) before April 1, 2017
SR&ED ITC - Sask. (non-refundable) after March 31, 2017
SR&ED ITC - Nova Scotia The Nova Scotia research and development tax credit can be claimed on expenditures incurred after Jan.1/84. DT Max will calculate the credit on Schedule 340 (T85).
For corporations whose jurisdiction is Nova Scotia, DT Max will default the amount of eligible expenditures to the total of amounts entered in the SR&ED group upon which a federal ITC is claimed. To override the amount of credit claimed, enter the override amount in the ProvITC-OV.r keyword.
Enter any unused credits from taxation years ending before 1994 in the ProvITC-CF group. For taxation years ending after 1993, Nova Scotia SR&ED credits are fully refundable so current year credits cannot be carried forward.
SR&ED ITC - Newfoundland & Labrador The Newfoundland & Labrador research and development tax credit can be claimed on expenditures incurred after Jan.1/95. DT Max will calculate the credit on Schedule 301 (T1129).
SR&ED ITC - N.B. The New Brunswick refundable research and development tax credit (Schedule 360) can be claimed on expenditures incurred after December 31, 2002. Enter the amount of eligible expenditures in the ProvITCExp keyword, in the relevant CCA-Class group. To override the amount of credit claimed, enter the override amount in the ProvITC-OV.r keyword related to this credit.
Use QC-Assist-OV to override this corporation's allocation of $50,000 basic amount for calculating the limit on tax assistance for purposes of Quebec form CO-1029.8.36.RP.
DT Max will otherwise calculate the basic amount based on all information entered, including RelatedParty groups of associated corporations, as $50,000 less the basic amount(s) allocated to any associated corporation(s).
Use QC-ITC-AllocOV to override this corporation's allocation of the cumulative limit for purposes of the investment tax credit.
DT Max will otherwise calculate the limit based on all information entered, including RelatedParty groups of associated corporations, as $75,000,000 less the limit(s) allocated to any associated corporation(s).
Use QC-InvInnoAllocOV to override this corporation's allocation of the cumulative limit for purposes of the investments and innovation tax credit.
DT Max will otherwise calculate the limit based on all information entered, including RelatedParty groups of associated corporations, as $100,000,000 less the limit(s) allocated to any associated corporation(s).
ResDeductOV overrides the Saskatchewan resource sales deduction used to calculate the resource surcharge on resource sales made in the year.
For DT Max to calculate the deduction, enter the amount of resource sales made during the taxation year in the SaskResSales keyword in this group.
ResSurtaxOV overrides the DT Max calculation of the Saskatchewan capital tax resource surcharge on resource sales made in the year.
For DT Max to calculate the surcharge, enter the amount of resource sales made during the taxation year in the SaskResSales keyword in this group.
Use BCR-OV to control the production of a client's BCR (T2 bar code return). This enables the tax preparer to override DT Max's defaults.
The following options are applicable for the keyword BCR-OV.
Use TaxableCapOV to override the taxable paid-up capital calculated by DT Max for this province.
The following options are applicable for the keyword TaxableCapOV.
Federal
Quebec
Manitoba
Saskatchewan
British Columbia
Use TaxOnCapOV to override the tax on capital calculated by DT Max for this province.
The following options are applicable for the keyword TaxOnCapOV.
Federal
Manitoba
Saskatchewan
British Columbia
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Field-Currency 