  What's new for T1/T2/T3 Internet version 11.12? |
The latest DT Max program update is now available. It features the fully functional
T1/TP-1 program for tax years 1997 to 2007 and fully supports T1/TP-1 Efile.
Installing this version will update your version of DT Max to 11.12.
Version 11.12 includes the T2 program for fiscal periods ending from 1994 to
2008 and fully supports corporation Internet filing (T2 and CO-17) as well as
Ontario CT23 diskette filing (D-File).
Finally, it features the fully functional T3/TP-646 program for tax years 2003 to 2008.
Please note that all program versions are always made available on the Internet.
In this edition...
System change
DT ScanDoc now available with version 11.12
DT ScanDoc, the new integrated scanning and archiving application from Dr
Tax, is now available for T1, T2 and T3 users with this version of DT Max,
for tax season 2007 onwards.
DT ScanDoc allows you to scan your client's tax related source documents,
such as T-slips, receipts, financial statements and correspondence, and stores
those scanned images in PDF files which are attached to the client data in
your DT Max database. These DT ScanDoc files can then be accessed at any time
with a single click from the client's file to be used to enter data, review
the return, or to reprint documents to answer queries from the tax authorities.
There is no need for special equipment; just a computer and a TWAIN-compliant
scanner. For more details about this unique product, visit http://www.dtmax.ca/eng/scandoc.htm
DT Max T1
New keyword for DT ScanDoc
Modified form
Federal:
The following form is now available in its final version:
- T2038 - Investment tax credit (Individuals)
This new version takes into account the new Investment Tax Credit for
Child Care Spaces.
List of forms in preliminary versions
Federal:
The following form remains in the list:
T2203 - Provincial and territorial taxes for 2007 - Multiple jurisdictions
Reminders
If you file a Quebec paper return, please note that you do not submit
the jacket to the MRQ. You are only required to submit form TPF-1.W titled
Keying summary for the income tax return. However, ALL other schedules,
forms and keying summaries must be submitted. In essence, the TPF-1.W only
exempts the taxpayer from sending in the 4 pages of the TP-1 return. The
Quebec bar code contains all the information provided in the tax return.
By submitting form TPF-1.U, the processing of the tax return is greatly
facilitated.
As always, we recommend that you verify your carryforwards carefully before
processing your client files.
DT Max T2
Program certification
DT Max T2 version 11.12 has undergone an authorization process with Revenu
Quebec for the paper (including barcode form COR-17.U) and efile versions
of the CO-17 return, and has been approved under number RQCO-0703.
Federal form T3010A (05) entitled Registered charity information return
has been authorized under number RC-08-811
Modified forms
Federal:
- Schedule 17 - Credit union deductions
Related keyword group:
CrUnion-Ded : Source of credit union deduction
IMPORTANT: Schedule 53 - General rate income pool (GRIP) calculation
Please note that amounts reported on line 150 of this form should no
longer be negative, even if CRA specifications indicated that amounts
might be reported as positive or negative. From now on, only positive
amounts should be reported on line 150; if amount resulting from the
calculation is negative, enter zero.
Related keyword group:
GRIP-Balance : GRIP at the end of the previous tax year
- T1174 - Agreement between associated corporations to allocate salary
or wages of specified employees for scientific research and experimental
development (SR&ED) carried out in Canada
Related keyword group:
Agreement : SR&ED federal agreement forms
Quebec:
IMPORTANT: CO-17 - Corporation income tax return
Please note that the number of pages on the CO-17 return decreases
from 5 to 4, due to the removal of the section regarding the calculation
of paid-up capital, which will be processed from now on with the new
form CO-1136, Calculation of paid-up capital and its two supplements
XC2 and XC3 (see New forms section).
- COR-17.W - Keying summary for corporation income tax returns (Available
in French only)
IMPORTANT: Please note that sections 300 to 399 regarding the calculation
of paid-up capital now pertain to the new form CO-1136 and not CO-17.
- CO-17.SP - Information and income tax return for non-profit organizations
- CO-17.A.1 supp. - Calculation of non-deductible portion for meals and
entertainment expenses
This form has been revised to take into account meals expenses for
truck drivers. Use the keyword Net-Inc-Add from keyword group NetIncome
to generate this form.
- CO-726.30 - Forest producers income-averaging deduction (Available
in French only)
Related keyword group:
LogOperation : Logging operations
- CO-737.18.18 - Remote regions SMB exemption (Available in French only)
Related keyword group:
ProvTaxReduc : Province for tax reduction/holiday
- CO-771 - Calculation of the income tax of a corporation
Related keyword group:
CorpHistory : Tax year for which to enter historical information
- CO-1012 - Application by a corporation to carry back a loss
Related keyword group:
LossCB : Carry back current year loss
- CO-1027.VE - Instalments and balance paid by a corporation
Related keyword group:
InstalPaid : Instalments paid during the year
- CO-1029.8.33.6 - Tax credit for on-the-job training period
Related keyword group:
TrainingCrQ : Refundable tax credit for training - Quebec
- CO-1029.8.33.13 - Tax credit for the reporting of tips
Related keyword group:
Tips : Tax credit application with respect to tips
- CO-1179 - Logging operations return
New version of the form. Please note that DT Max does not perform any
calculation for this form (blank form).
- RD-1029.8.6 - Tax credit for university research, for research done
by a public research centre or by a research consortium. (Available in
French only)
Related keyword groups:
a) RelatedParty : Any party involved with corporation - opens group
b) SR&;EDTAXCRQ : Que. refundable SR&ED tax credit type
- TP-997.1 - Information return for tax-exempt entities
Related keyword:
NPO-Return : Filing of an information return by an NPO
- LE-630 - Information return for the enterprise register
Related keyword group:
AnnualReturn : Province for which annual return is requested
New forms
Federal:
- Schedule 1-supp. - Calculation of non-deductible portion for meals and entertainment
expenses
This new form takes into account meals expenses for truck drivers. Use
the keyword Net-Inc-Add from keyword group NetIncome to generate
this form.
- T2WS5 (Worksheet 5) - Estimation of federal monthly instalment payments
(Ontario)
- T2WS6 (Worksheet 6) - Estimation of federal quarterly instalment payments
(Ontario)
IMPORTANT NOTE regarding T2WS5 and T2WS6:
For tax years ending in 2009, corporations that have a permanent establishment
in Ontario will need to file a harmonized T2 Corporation Income Tax Return
with the Canada Revenue Agency (CRA). Consequently, you will also need to
submit your combined Ontario and federal corporation tax instalment payments
for tax years 2009 and later to the CRA. For some corporations, this may
require making payments to the CRA as early as February 2008. The T2WS5
and T2WS6 worksheets will help you calculate your combined payments.
Related keyword for T2WS5 and T2WS6 worksheets:
InstalRec : Recommended instalments for next taxation year
- Client letter
Keywords for this schedule
a) ClientLetter : name of the file containing the client letter template
To use a customized client letter for this client, enter the keyword ClientLetter
and the name of the file containing the client letter. If it is not in
the same subdirectory as DT Max, enter the full path as well as the name.
The knowledge base explains how to customize the client letter. The Letter-Data keyword has a current list of %-variables,
which can be used in the client letter.
b) Letter-Data : amount or text to use in the client letter and variable
code (%)
Use the keyword Letter-Data to override the value of any variable that
is printed on the client letter. This keyword can also be used to enter
the text for the custom variables %201 to %210 which are put aside for
your own use. You can use these custom variables to represent whatever
information you want to communicate in your client letter.
Enter the keyword Letter-Data and select the variable code in the
tree structure that you want to modify and the text that you wish to print
for this variable. If you select a numeric value for Letter-Data , this
value can be used in a %IF statement in the client letter. If you enter
the same text frequently, you may wish to set up a text macro to enter
such a text for Letter-Data . (See New client letter variables section)
Quebec:
- CO-17.R - Request for an adjustment to a corporation income tax return
- CO-17.SP.R - Request for an adjustment to an information and income
tax return for a non-profit organization (Available in French only)
Related keyword group for CO-17.R and CO-17.SP.R forms:
T2-Adjust : Adjustment request for a tax return
- CO-17S.2 - Gifts of medicine
Related keyword group:
Charity : Type of contribution
New option added: Gifts of medicine
- CO-1029.8.36.RV- Tax credit for job creation in a designated region
(Available in French only)
- CO-1029.8.36.RX - Agreement respecting the tax credit for job creation
in a designated region
Related keywords groups for CO-1029.8.36.RV and CO-1029.8.36.RX forms:
a) Job-Creation : Type of industry for job creation tax credit
b) Job-Creation.re : Whether associated corporation is entitled to
the job creation tax credit
- CO-1136 (+ 2 supps.) - Calculation of paid-up capital
Related keyword group:
TaxOnCapital : If corp. eligible for capital tax exemption
- RD-1029.8.16.1 - Tax credit for pre-competitive research & development
in a private partnership (Available in French only)
Related keyword group :
SR&EDTaxCrQ : Que. refundable SR&ED tax credit type
- Quebec quarterly instalments
IMPORTANT NOTE: Quebec quarterly instalments now accepted (conditions apply):
Eligible Canadian-controlled private corporations (CCPC) are now allowed
to make quarterly instalment payments to Revenu Québec for tax years
beginning after 2007 under certain conditions. The measures relating to
the change to the frequency of instalments of CCPCs from monthly to quarterly
have been incorporated into Quebec's tax legislation. However, they have
been adapted to take the specific features of Quebec's tax legislation into
account.
Therefore, for tax years beginning after 2007, a CCPC will be eligible
to make quarterly instalment payments if, at the time the payment is due:
- it has a perfect compliance history;
- it has active business income for the current or previous tax year;
- together with any associated corporations, for the current or previous
tax year:
· it has taxable income of $400,000 or less; and
· it has taxable paid-up capital employed in Canada for the tax
year of $10 million or less.
However, satisfaction of the last two above-mentioned conditions, together
with the condition regarding compliance history, must be determined according
to Quebec's legislation.
Related keyword in InstalRec group (if applicable):
CurrInstal : Amount of instalment paid for current year & month
of payment
Related keyword in CorpHistory group :
Active-Bus-Inc : Income from active business in prior year
Use this keyword to indicate that the corporation did have active business
in prior year as per Quebec form CO-771. This information is required
in order to determine whether the corporation is eligible to make Quebec
quarterly statements.
New keyword for DT ScanDoc
New keywords
In ProvTaxReduc group:
REDUCTION-FACTOR : Reduction factor (on eligibility certificate) of
the tax assistance applicable to corporation
The eligibility conditions for the tax holiday have been changed to stipulate
the obligation, for an eligible corporation, to obtain an annual eligibility
certificate from Investissement Québec, which will determine, if
need be, the reduction factor of the tax assistance applicable to the corporation
and attributable to the move of a business or part of a business to the
remote resource regions.
In Tips group:
a) Partner-Info.t : Type of relationship partnership is involved in
Use the keyword Partner-Info.t to indicate whether the partnership is
an eligible partnership whereby the corporation is a member, an intermediary
partnership whereby the corporation is a member, or an eligible partnership
whereby the corporation is a member by an intermediary partnership.
b) Assistance.tips : Amount of assistance received (positive) or repaid
(negative)
Where the corporation is claiming a tax credit with respect to the reporting
of tips on behalf of a partnership of which it is a member, enter the name
of the partnership with the keyword Partner-Tip .
In LogOperation group :
a) Partner-Info.l : Type of relationship partnership is involved in
Use the keyword Partner-Info.l to indicate whether the partnership is
an eligible partnership whereby the corporation is a member, an intermediary
partnership whereby the corporation is a member, or an eligible partnership
whereby the corporation is a member by an intermediary partnership.
b) New option for keyword NET-INCOME :
- Non-deducted net loss
In T2-Adjust group :
a) Old-Amount : Amount claimed on return prior to adjustment
Enter the previous amount claimed on the return before the adjustment.
b) New-Amount : Revised amount claimed on return after adjustment
Enter the new amount being claimed on the return after the adjustment.
c) T2-Adjust : Request for an adjustment to a tax return
Use the keyword T2-Adjust if the corporation wishes to modify a tax
return that is already filed.
d) Address.adj : Address to use for purposes of forms CO-17.R and CO-17.SP.R
New option added for this keyword:
-Different address than on return
e) Line-Number.q : Line number of the return regarding the adjustment
Enter the line number of the return regarding the adjustment on CO-17.R
or CO-17.SP.R
f) Other-Line-No : Line number on the return regarding the adjustment
g) Details : Details regarding the adjustment
Enter the details, if any, regarding the adjustment.
In Progress group:
a) File-Name : Name of the archived file of the tax return
b) File-Password : File password of the archived file of the tax return
In Job-Creation and Job-Creation.re groups :
a) CalendarYr-Info : Amounts relating to the calendar year
Use the keyword CalendarYr-Info to enter amounts relating to the calendar
year in question in order to calculate the eligible salaries or wages and
eligible amount.
b) ReferenceYr-Info : Amounts relating to the reference period
Use the keyword ReferenceYr-Info to enter amounts relating to the reference
period in question in order to calculate the adjusted eligible salaries
or wages and adjusted base amount.
c) Payroll-Increase : Amounts relating to the payroll increase of associated
corporation
Use the keyword Payroll-Increase to enter amounts relating to the payroll
increase of the associated corporation.
d) AllocPayroll.re : Associated corporation's allocation of payroll
increase
Use the keyword AllocPayroll.re to enter the amount of the payroll increase
allocated to the associated corporation.
e) CalendYr-Info.re : Amounts relating to the calendar year
Use the keyword CalendYr-Info.re to enter amounts relating to the calendar
year in question in order to calculate the eligible salaries or wages and
eligible amount.
f) ReferYr-Info.re : Amounts relating to the reference period
Use the keyword ReferYr-Info.re to enter amounts relating to the reference
period in question in order to calculate the adjusted eligible salaries
or wages and adjusted base amount.
g) GASPEMAR-REG : Assistance information relating to the Gaspésie
region and Maritime region
Use the keyword GASPEMAR-REG to enter assistance relating to the Gaspésie
region and maritime regions.
h) OTH-DES-REGION : Assistance information relating to other designated
region
Use the keyword OTH-DES-REGION to enter assistance relating to the other
designated regions.
i) Sector-Activity : Sector of activity of the businesses concerned
Use the keyword Sector-Activity to indicate the sector of activity of
the businesses concerned.
j) Reference-Yr : Calendar year of the base period
Use the keyword Reference-Yr to enter the calendar year of the base
period for purposes of Quebec form CO-1029.8.36.RV.
k) Region : Region of the sector of activity
Use the keyword Region to indicate the region of the sector of activity.
l) AllocPayroll : Corporation's allocation of payroll increase
Use the keyword AllocPayroll to enter the amount of the payroll increase
allocated to the corporation.
m) Job-Creation.re : Whether associated corporation is entitled to the
job creation tax credit
Use the keyword Job-Creation.re to indicate whether or not the associated
corporation is entitled to the tax credit for job creation in a designated
region.
New options for this keyword:
- Designated region
- Eligible for tax credit in designated region
- Not eligible for tax credit in designated region
n) Assistance.j : Year in which the amount of assistance was taken into
account
Use the keyword Assistance.j to indicate the year in which the amount
of assistance was taken into account.
In CorpHistory group :
Active-Bus-Inc : Income from active business in prior year
Use this keyword to indicate that the corporation did have active business
in prior year as per Quebec form CO-771. This information is required in
order to determine whether the corporation is eligible to make Quebec quarterly
statements.
New option for this keyword:
- Active business income earned in prior yr (per CO-771):
This information is derived from line D of Quebec form CO-771
AT1-OV : Forced display of AT1 return
The keyword AT1-OV enables you to override Alberta's AT100 and force the
display of the AT1 return instead.
In NetIncome group:
New options added for keyword Net-Inc-Add :
- Portion of meal exp. of truck drivers 19/03/07 to 31/12/07
- Portion of meal exp. of truck drivers incurred in 2008
- Portion of meal exp. of truck drivers incurred in 2009
- Portion of meal exp. of truck drivers incurred in 2010
- Portion of meal exp. of truck drivers incurred after 2010
In SR&EDTaxCrQ group:
New option for keyword SR&EDTaxCrQ :
RD-1029.8.16.1 (pre-competitive private partnership)
In InstalRec group:
New option for keyword InstalRec :
- Quebec - quarterly
In SR&ED group:
New option for keyword Prov-Alloc :
- Recaptured BC R&D credit allocated from partnership
Choose this option to enter the amount of recaptured BC SR&ED tax credit
allocated to the corporation from a partnership of which the corporation
is a member. This information is used for purposes of federal schedule 425.
Deleted keywords
New client letter variables
Identification
%1 FirstName, MiddleName and Name.Officer
%3 CorpOfficers
%6 Title.officer
%7 Date (last calculated)
%8 Name
%9 Care-Of
%10 Street
%11 Address-Ln-2
%12 Suite
%13 POBox
%14 City
%15 Province
%16 State-Abbrev
%17 PostCode
%18 ZipCode
%19 For-Post
%20 Country-Abbrev
%21 Address
%54 YearEnd
%86 Jurisdiction (1=Federal)
%87 Jurisdiction (2=Quebec)
%88 Jurisdiction (9=Ontario)
%89 Jurisdiction (12=Alberta)
%90 Jurisdiction (10=manitoba)
%91 Jurisdiction (11=Saskatchewan)
%159 TaxHoliday
Efile
%100 Efile [0=No, 1=Federal, 2=Quebec 3=Federal & Quebec]
Federal return
%77 Federal return generated [0=No, 1=Yes]
%60 Federal balance owing [$]
%61 Federal refund [$]
Federal forms
%55 T183 - Information return for filing electronically [0=No, 1=Yes]
%22 RC59 - Business consent form [0=No, 1=Yes]
%23 T661 - Claim for SR&ED carried out in Canada [0=No, 1=Yes]
%24 T106 - Information return of non-arm's length transactions with NR
%25 T137 - Request for destruction of records [0=No, 1=Yes]
%26 T400A - Objection - Income Tax Act [0=No, 1=Yes]
%27 T1044 - NPO information return [0=No, 1=Yes]
%28 T1134-A - Return relating to not controlled foreign affiliates
%29 T1134-B - Return relating to controlled foreign affiliates
%30 T1135 - Foreign income statement [0=No, 1=Yes]
%31 T1141 - Transfers or loans to non resident trust [0=No, 1=Yes]
%32 T1142 - Distr./indebtedness - non resident trust [0=No, 1=Yes]
%33 T1145 - Agreement to allocate assistance between NAL for SR&ED
%34 T1146 - Agreement to transfer qualified SR&ED exp. contracts
%35 T2002 - Election, or revocation of election not to be a CCPC
%36 T2054 - Election for a capital dividend under subsection 83(2)
Quebec return
%78 Quebec return generated - CO-17 [0=No, 1=Yes]
%37 Quebec return generated - CO-17.SP [0=No, 1=Yes]
%62 Quebec balance owing [$] - CO-17
%63 Quebec balance owing [$] - CO-17.SP
%64 Quebec refund [$]
Quebec forms
%97 CO-17.R - Request for adjust. to an inc. tax return - corporation
%98 CO-17.SP.R - Request for adjust. to an inc. tx. rtn. - non-prof org
%38 CO-737.18.18 - Exemption for small/medium mfg business
%39 CO-771.1.3 - Agreement respecting allocation of business limit
%40 CO-786 - Patronage dividends deduction [0=No, 1=Yes]
%41 CO-1012 - Application to carry back a loss [0=No, 1=Yes]
%99 CO-1029.8.36.RX - Agreement - Job creation in a designated region
%42 CO-1029.9 - Tax credit for taxi firms [0=No, 1=Yes]
%43 CO-1138.1 - Deduction for farm/fish corporations [0=No, 1=Yes]
%44 FM-220.3 - Forest producer's property tax refund [0=No, 1=Yes]
%45 RD-222 - Deduction respecting SR&ED expenditures [0=No, 1=Yes]
%46 TP-997.1 - Information return for tax-exempt entities [0=No, 1=Yes]
%47 TP-1029.8.36.VT - Tax credit for modernization of taxi fleet
%48 TP-1086.R.23.12 - Costs for work on an immovable [0=No, 1=Yes]
%49 MR-93.1.1 - Notice of objection
%50 MR-69 - Authorization form [0=No, 1=Yes]
%51 LE-630 - Info. return for enterprise register [0=No, 1=Yes]
Alberta return
%79 Alberta return generated [0=No, 1=Yes]
%65 Alberta balance owing [$]
%66 Alberta refund [$]
Alberta forms
%52 AT1 Schedule 10 [0=No, 1=Yes]
%53 Alberta consent form [0=No, 1=Yes]
Ontario return
%82 Ontario CT23 long return generated [0=No, 1=Yes]
%83 Ontario CT23 short return generated [0=No, 1=Yes]
%84 Ontario CT23 long return generated - EFF [0=No, 1=Yes]
%85 Ontario CT23 short return generated - EFF [0=No, 1=Yes]
%71 Ontario balance owing [$] - CT23 long return
%73 Ontario balance owing [$] - CT23 short return
%72 Ontario refund [$] - CT23 long return
%74 Ontario refund [$] - CT23 short return
Ontario forms
%56 OITC - Ontario innovation tax credit [0=No, 1=Yes]
%57 Ontario consent form
Manitoba return
%80 Manitoba return generated [0=No, 1=Yes]
%67 Manitoba balance owing [$]
%68 Manitoba refund [$]
Saskatchewan return
%81 Saskatchewan return generated [0=No, 1=Yes]
%69 Saskatchewan balance owing [$]
%70 Saskatchewan refund [$]
Instalments
%58 Federal monthly instalments [0=No, 1=Yes]
%92 Federal quarterly instalments [0=No, 1=Yes]
%102 Federal monthly instalments (Ont) [0=No, 1=Yes]
%103 Federal quarterly instalments (Ont) [0=No, 1=Yes]
%59 Quebec monthly instalments [0=No, 1=Yes]
%101 Quebec quarterly instalments [0=No, 1=Yes]
%75 Alberta monthly instalments [0=No, 1=Yes]
%76 Saskatchewan monthly instalments [0=No, 1=Yes]
%93 Manitoba quarterly instalments [0=No, 1=Yes]
%94 Ontario monthly instalments [0=No, 1=Yes]
Accountant variables
%246 Accountant title
%247 Accountant name
%248 Accountant fax number
%249 Accountant phone number
%250 Accountant postal code
%251 Accountant province (address)
%252 Accountant city
%253 Accountant street
%254 Accountant company name
%255 Use default letterhead [1=Yes, 2=No]
User-defined variables
%201 to %210 : User-defined variable (see Letter-Data keyword)
For more information, see also ...
DT Max T3
New keyword for DT ScanDoc
NEW: Specified Investment Flow-Through trusts (SIFT)
SIFT trusts are publicly traded income trusts that are now subject to a
SIFT tax on their distributions of non-portfolio earnings. The tax rate
applicable to such earnings is equivalent to the general federal corporate
tax rate plus an amount imposed as a non-Quebec provincial tax.
Currently, there are no federal forms available which calculates this tax
for 2007. In order to calculate this tax specifically for Quebec, schedule
E must be produced. It is important to enter the amount of non-portfolio
earnings with the keyword NonPortfolio-Inc in order to calculate the
non-deductible distribution amount. This amount will then automatically
be designated as an eligible dividend.
Modified form
The beneficiary income allocation form has been modified in order to reflect
the changes required for specified investment flow-through trusts.
New form
Quebec:
Schedule E: Income tax on distributed non-portfolio earnings and amount
to be
designated as eligible dividends
New keywords
a) Deemed-Div-OV : Override amount of deemed eligible dividends distribution
DT Max will automatically redistribute the amount of non-deductible non-portfolio
earnings. Use the keyword Deemed-Div-OV to override this automatic distribution
of the designated amount of deemed eligible dividends on the beneficiary
income allocation form.
b) SIFT-Type : Indicate type of corporation the trust would have been
Use the keyword SIFT-Type to indicate the type of corporation the trust
would have been had it been a corporation.
c) NonPortfolio-Inc : Non-portfolio earnings
Use the keyword NonPortfolio-Inc to enter the amount of non-portfolio
earnings required to calculate the non-deductible distributions amount for
a specified investment flow-through trust.
DT MAX will automatically allocate the non-deductible distributions as
eligible dividends to the beneficiaries.
New option for keyword Trust-Type :
- Specified investment flow-through trust
March 4, 2008
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