Cap-History.chUse the keyword Cap-History.ch to report the historical information for the deemed disposition of qualified shares in a qualified public corporation.Historical information for previous tax years should be entered by the user for each new client. DT Max will automatically carry forward the information of the current year, if applicable. This information will be carried forward until the income tax becomes payable on the 20th anniversary. The following options are applicable for the keyword Cap-History.ch.
Deemed-Disp.chUse the keyword Deemed-Disp.ch to record the date the deemed disposition of the qualified shares took place. The user need only enter this information for new clients.Income tax attributable to the deemed disposition of a qualified share of a qualified public corporation becomes payable on the 20th anniversary of the deemed disposition or on the actual disposition of the qualified share. However, where a succession or trust distributes a qualified share to one of its beneficiaries, the debt represented by the income tax attributable to the deemed disposition of the qualified share may become that of the beneficiary, provided that the share remains a qualified share immediately after the distribution.
Corp-Name.chUse the keyword Corp-Name.ch to record the name of the qualified public corporation in which there was a deemed disposition of its shares.
Corp-NEQ.chUse the keyword Corp-NEQ.ch to enter the Quebec enterprise number (NEQ) for the qualified public corporation.
Corp-ID-Number.chUse the keyword Corp-ID-Number.ch to enter the corporation's identification number.
Deferred-Tax-CFUse the keyword Deferred-Tax-CF to indicate in which prior year the deemed disposition was declared and the amount of income tax deferred.This information will be carried forward until its 20th anniversary. The following options are applicable for the keyword Deferred-Tax-CF.
Cap-HistoryUse Cap-History to report the historical information for each type of gain or loss claimed by the taxpayer in prior years.The following options are applicable for the keyword Cap-History.
CapGain-LossUse CapGain-Loss to enter the total amount of taxable capital gain (or loss) declared in the relevant year.The following options are applicable for the keyword CapGain-Loss.
Cap-Gain-DedUse Cap-Gain-Ded to enter a deduction for capital gains declared in the relevant year.The following options are applicable for the keyword Cap-Gain-Ded.
Yr2000-RateUse the keyword Yr2000-Rate to enter the capital gain rate applied in year 2000. Use [Alt-J] to enter different values for other jurisdictions.
Cap-rateUse the keyword Cap-rate to enter the capital gain rate applied in the year. Use [Alt-J] to enter different values for other jurisdictions.
Amount.chUse Amount.ch to enter the amount of capital loss deducted in the relevant year or the ineligible capital gain of that particular year.The following options are applicable for the keyword Amount.ch.
Gain-DesignatedUse the keyword Gain-Designated to enter the amount of eligible taxable capital gains that was designated to a beneficiary in earlier years to determine the amount eligible for a capital gains exemption on schedule 3.The following options are applicable for the keyword Gain-Designated.
Amount.histUse Amount.hist to enter the trust's taxable capital property gains balance at the end of the previous year.This amount is required to calculate on schedule 10 the mutual fund trust's TCP gains balance for the year.
Trust-HistHistorical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward. This information is useful for comparative purposes and is especially required for a tax client subject to, or potentially subject to, instalments.
The following options are applicable for the keyword Trust-Hist.
Year-End.histUse Year-End.hist to enter the year-end of the trust for the year of reference (referred to in Trust-Hist).
TrustType.hHistorical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current trust type and carry it forward. This keyword is relevant for Qualified Disability Trusts and for Graduated Rate Estates.For QDT, this information is useful to track whether a recovery tax may be required. In certain cases, diagnostics will be generated when it deems that a recovery tax may be applicable. The following options are applicable for the keyword TrustType.h.
Taxable-Income.hHistorical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the taxable income and carry it forward. This keyword will be used to calculate the recovery tax on form T3QDT-WS. Use [Alt-J] to enter different values for other jurisdictions.
FedTaxPayable.hHistorical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the federal tax paid and carry it forward. This keyword will be used to calculate the recovery tax on form T3QDT-WS.
ProvTaxPayable.hisHistorical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the provincial or territorial tax paid and carry it forward. This keyword will be used to calculate the recovery tax on form T3QDT-WS.The following options are applicable for the keyword ProvTaxPayable.his.
QC-TaxPayable.hHistorical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the Quebec tax paid and carry it forward. This keyword will be used to calculate the recovery tax on Schedule H.
AdditionalTax-RESPUse the keyword AdditionalTax-RESP to enter the prior year additional tax on registered education savings plan accumulated income payments (line 32 of T3 Schedule 11).Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year. This amount will be subtracted from the amount entered with the keyword FedTaxPayable.h . The total will then be entered on line 2 of T3QDT-WS.
Dividend-GrossUp.hUse the keyword Dividend-GrossUp.h to enter the total gross-up amount of dividends retained or not designated by the trust for a prior year.Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
Div&DonationTaxCrUse the keyword Div&DonationTaxCr to enter the total dividend tax credits and donations and gifts tax credit found on line 19 of the T3 Schedule 11.Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
OtherFedTaxCr.hisUse the keyword OtherFedTaxCr.his to enter the total amount of other federal tax credits on line 30 of T3 Schedule 11 of prior years.Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
MinTaxCF-Used.hisUse the keyword MinTaxCF-Used.his to enter the minimum tax carryover from previous years used on line 19 of T3 Schedule 11 of prior years.Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
ProvTaxCredit.hisUse the keyword ProvTaxCredit.his to enter the prior year total provincial or territorial tax credits from the applicable provincial or territorial form.Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
The following options are applicable for the keyword ProvTaxCredit.his.
Net-Tax-OwedNet-Tax-Owed total amount payable by instalments
Net-Tax-Owed-QCNet-Tax-Owed-QC total amount payable by instalments for Quebec
Non-Resident-HistUse the keyword Non-Resident-Hist to enter the date of the deemed disposition of a specified immovable in a prior year. This date should be immediately before a specified trust became a resident in Canada and was required to declare a any capital gain on the deemed disposition on its specified immovable.This keyword will automatically be generated the year following a deemed disposition of a specified immovable. This information is required to complete form TP-785.2.6 when an inter vivos trust plans to dispose of a specified immovable it owned when it became a resident in Canada after March 19, 2012.
Immov-Address.hThe keyword Immov-Address.h will automatically be generated in the taxation year following the deemed disposition of the specified immovable. All specified immovables held at the time the trust became resident in Canada will be listed with this keyword. This information will be captured on form TP-785.2.6 section 4 when there is a planned disposal of a specified immovable.
Proceeds.histThe keyword Proceeds.hist will be automatically generated following the year in which there is a deemed disposition of a specified immovable due to an inter vivos trust becoming resident in Canada.The deemed proceeds should be equal to the FMV of the immovable at the time immediately before becoming resident in Canada. This information will be captured on the form TP-785.2.6 section 4, listing all the specified immovables held at the time the trust became resident in Canada.
ACB-Disp.histACB-Disp.hist adjusted cost base of the deemed disposition
Cap-GainOV.histCap-GainOV.hist override of the capital gain on the deemed disposition
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