The latest DT Max program update is now available. It features the fully functional T1/TP-1 program for tax years 1996 to 2006 and fully supports T1/TP-1 Efile. Version 10.10 also marks the CD-Rom release of the 2006 tax calculation module. Please note that all program versions are always made available on the Internet. In this version...
Program certification DT Max taxation references Eligible dividends Forms reorganization
Schedule 2 - Federal Amounts Transferred from Your Spouse or Common-law Partner Schedule D - Deduction for Strategic Investments Schedule H - Tax Credit for Caregivers Overview of revamped employment expense schedules Preliminary status advisory Reminder on the car expense group reorganization The new partnership income slips T5013/T5013A New forms and slips and their corresponding keywords Billing module reminder and changes Miscellaneous topics
ITC apprenticeship credit Foreign country description New client letter variable New keywords for the consent form New second line for Address group (rural route) New Direct Deposit option New question for immigrant/emigrant in Quebec New schedule for immigrants and emigrants Post-Assessment question for Efile Modified keywords List of forms in preliminary version About your DT Max licence keyIf this release is your first installation for the new production year, a valid licence key must be installed in order to have access to the latest calculation modules for DT Max T1, that is to say for year 2006. If the registered licence key is expired, the following warning message will be displayed on the start up screen:
Program certification
DT Max is certified for paper filing under the following authorization numbers: DT Max taxation references
Please refer to these knowledge base topics for a detailed review of tax changes implemented: The knowledge base topic above namely discusses the following changes. Please click on the link above for full details: Federal Ontario
Here are the links to other useful in-house material:
Eligible dividendsStarting in 2006 there are now two types of dividends, eligible and other than eligible dividends, received from taxable Canadian corporations. Federal and Quebec gross-up and dividend tax credit differ for each type of dividend. They are as follows:
(1) On other than eligible dividends received before March 24, 2006 Dividend-related keywords have been modified to reflect these tax changes. For federal returns, here are the dividend related keywords: Dividend-Act Dividend-Tax Dividend-FedCrd EligDividend-Act EligDividend-Tax EligDiv-FedCrd Due to the design of the Quebec information slips, all of the province's dividend details (actual, taxable, credit) must be entered for both eligible and ordinary dividends. Any missing entry will trigger an error that prevents calculation. For Quebec, here are the dividend related keywords: Dividend-ActQue EligDiv-ActQue Dividend-TaxQue Dividend-QueCrd Forms reorganization
A new version of the form is to be used by Quebec residents, bringing to 3, the number of possible variations of Schedule 1; for non-residents and for all other jurisdictions except Quebec are the other two. Schedule 2 - Federal Amounts Transferred from Your Spouse or Common-law Partner There is a new version of the form to be used by Quebec residents. There are now two versions of Schedule 2, one for Quebec residents and one for all the other jurisdictions. Quebec Schedule D - Deduction for Strategic Investments The QSSP section of Quebec Schedule D has been removed from Schedule D, and is now calculated on a work chart. Schedule H - Tax Credit for Caregivers Following a 2005 budgetary announcement, whereby a $450 supplement is awarded to caregivers, Part C of 2005 Schedule A - Impairment amount transferred by a dependant and the 2005 Schedule H - Tax Credit Respecting the Housing of a Parent have been merged into a single schedule H in 2006 called Tax Credit for Caregivers. The results of this refundable tax credit which can now reach a maximum of $1000 per eligible relative, appear on line 462 of the TP-1 return under code 02. The following section describes an eligible relative for the purpose of the tax credit. Eligible relative A person
Calculations details performed on this form reveal the following for each type of dependant: Housed parent Disabled dependant Schedule H also provides for situations where the eligible relative turned 18 during the year or was receiving social assistance benefits while attending a postsecondary institution. The credit, in both these cases, is reduced.
Keyword data entry changes for natural caregiver creditsChange in Quebec keyword data entry Data entry for relatives being cared for has been streamlined by eliminating redundant entries. Here is a comparative review of data entry requirements for both federal and Quebec governments in order to make a claim. The SUPPORT-REL keyword has been modified. The following formerly secondary keywords used in the calculation of the Quebec line 462 credit have been moved to their own group called PERIOD-COMPL The data above should now be entered in the supported relative's (dependant) data entry screen. That is why creating a dependant family member file for the relative that gives entitlement to the Quebec credit is now mandatory. Review of Federal keyword data entry DT Max data entry requirements for claiming the federal caregiver amount (line 315, Schedule 1) or the amount for infirm dependants age 18 or over (line 306, Schedule 1) remain unchanged. These credits are mutually exclusive, meaning that there cannot be a claim on both lines for a given person. The choice of which of these two amounts to be claimed for relatives giving entitlement to both is left to the user's discretion. Here is a recap of how the information for federal claims should be entered in DT Max : In order to make a claim on line 306 of Schedule 1:
In order to make a claim on line 315 of Schedule 1: Overview of revamped employment expense schedulesNew employment expense related schedules Federal T1284 - Saskatchewan employee's tools tax credit For Saskatchewan residents the TOOLSCREDITS keyword will generate the new schedule. Quebec The provincial forms have undergone a major redesign. Note that there is now a distinct employment expense schedule for each type of employee. TP-59 - Employment expenses of salaried employees and employees who earn
commissions Keyword reorganization On the data entry side, employment conditions have been merged into the employment expense group, simplifying the keying process of expenses and their related conditions. When the Employment-Exp group is selected, only relevant keywords to the type of employee will be presented as you will have to first select the type of employee the data is being reported for:
Tradespeople may enter their eligible expenses in the new TradeElig-Tool keyword. Preliminary status notice for the calculation of Quebec expenses limited by commissions Calculations performed on form TP-59 no longer take into account the rule which limits expenses for commission income employees. They have been exported to an in-house work chart, the TP-59.COMP entitled Employment expenses limited by commission income TP-59. Please be advised that the application of these expense limitations is not yet automated in DT Max. The TP-59.COMP schedule will be activated in a subsequent version. In the meantime, when the situation calls for it, you must limit the expense manually at entry in order to comply with the regulation. We suggest printing the blank form from the View or print blank forms menu option and fill it out manually to keep track of these expenses. Reminder on the car expense group reorganization
The new partnership income slips T5013/T5013ACRA has extensively reviewed the partnership income slip, even creating a special one for tax shelters and the like, prompting a major overhaul of the keyword group in DT Max: T5013 - Statement of partnership income T5013A - Statement of partnership income for tax shelters and renounced resource expenses In addition to conforming to the new slip design, keyword redundancies have been eliminated.
New forms and slips and their corresponding keywordsNew forms Federal:
Quebec: Schedule H - Tax credit for caregivers Schedule R - Quebec Parental Insurance plan (QPIP) Premium
This form must be completed by an individual who is claiming, on line 392 of the Quebec income tax return, the tax credit for recent graduates working in remote resource regions. New keywords added to generate the schedule are as follows: NewGraduate
New slips RC62 - Universal Child Care Benefit (UCCB) The slip can be found in the T-SLIP group. The amount showing in box 10 of RC62 will be included on line 117 of the T1 return of the lower-income spouse, if applicable. To enter, please use the following keyword:
Releve 6 Quebec parental insurance plan benefits amount is entered along
the T4E keywords group.
Billing module reminder and changesAs mentioned in the planner version, please remember to change the GST, PST,
HST rate to 6% in the Tax information tab of the billing module, and in the
Identification numbers tab of the Identification option of Preferences
. Federal: Schedule 10 Quebec: Schedule H
Miscellaneous topicsQuebec keying summary Schedule O indicator Unlike last year, Revenue Quebec now requires that the Schedule O indicator field at the bottom right of the TPF-1.W not be checked by the tax software, even if Schedule O is produced for the tax return. Hence, the now government-reserved field will always be blank. ITC apprenticeship credit New ITC Code 6 (at 10%), added under proposed changes, for Apprenticeship Job Creation Tax Credit (AJCTC), eligible salaries for each eligible apprentice is the lesser of actual salaries and wages payable after May 1, 2006, or $20,000. The total eligible salaries for all apprentices is entered on line 6718 of the T2038(IND.) form. Foreign country description For improved clarity wherever applicable, DT Max now provides a list of all the foreign countries from which you can select the relevant country. New client letter variable %226 TP-1029.8.61.64 - Credit natural caregiver New keywords for the consent form When an authorization granted to a representative is being cancelled, the following keywords are now available: New second line for Address group (rural route) RR New Direct Deposit option To specify whether the Universal Child Care Benefit is to be deposited directly: UCCB-CLAIM.DD
Additional information is now required on page 1 of the Quebec return New schedule for immigrants and emigrants DT Max reports supplemental information on Canadian income in these two sections: Canadian income not reported on the tax return
This new keyword applies to federal returns being transmitted:
New keywordsT4 group Parental insurance plan (QPIP) related keywords Public transit passes (line 364, Schedule 1) A new footnote on the T4 slip reports amounts that have been paid for by the employer: [84] Public transit pass If the transit passes are paid for by the taxpayer, enter the amount in the PUBLIC-PASSES keyword ProvCredit keyword group additions GRADUATECREDIT
Modified keywordsTuition fee and student loan interest carry forwards The provincial amounts now have a separate keyword assigned to them. The Alt-J keystroke combination is no longer required entries for previous years are automatically converted to these new keywords. Tuition-CF New Quebec CCA class
List of forms in preliminary versionFederal:
Estimation of the federal child tax benefits NR5 Application by a non-resident of Canada for a reduction in the amount
of non-resident tax required to be withheld for tax year
TP-25-V Income Tax Payable by an Individual Resident in Canada, Outside Québec,
Who Carries On a Business in Québec
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