The latest DT Max program update is now available for downloading. It features the T1/TP 1 program for tax years 1998 to 2008 inclusively. Please note that T1 version 12.01 supports paper filing but does not support efile transmission due to its early release date. The efile module will be integrated to the next version of DT Max that will be stamped 12.10 and made available on CD-Rom and via www.drtax.ca to all DT Max users. This will take place as soon as we receive all relevant certifications towards the end of January or early February 2009. Furthermore, please be advised that this issue is an abridged version of the standard What's New release notes as it only provides a basic recap of changes implemented. Detailed keyword and tax change information will be released with version 12.10 of DT Max T1.
In this version...About your DT Max licence keyDT Max T1
About your DT Max licence keyAs this release inaugurates a 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 years 2008 and 2009 respectively. If the registered licence key is expired, the following warning message will be displayed on the start up screen: For an invalid DT Max T1 licence key: "DT Max will run in "demo" mode until a licence key is entered. You will be able to enter data and review returns, but you will not be able to file them with the government." DT Max T11. Technical changesa) Option for source keywords (F8) in QuickTrackThis QuickTrack option available in DT Max which makes the fields of the tax return muti-functional has been updated and is even more detailed than before. As of tax year 2008, the source keywords option (F8) will be available on a greater number of fields, making your research much easier. b) Data editor
As of tax year 2008, DT Max will no longer provide you with a validation message for the T4 when you mark each entry as checked by selecting Mark keyword as checked in the menu that appears when you right-click on the amount or by pressing the ''='' sign on your keyboard. A check mark will appear next to the amount that has been verified. Keywords that are affected by this change are: T4: CPP-Contrib (T4 box 16) Splitting the T5013/T5013A slip between spouses DT Max now allows you to automatically split the T5013/T5013A slip between spouses. DT Max will claim the amount(s) on the taxpayer's income tax return according to percentage specified, and will allocate the remainder to the spouse. Two new keywords have been added to perform the split within the T5013/T5013A slip entry, Own-%Share and Spouse-Share . Splitting of capital gains between spouses DT Max now allows you to automatically split capital gains between spouses. DT Max will claim the amount(s) on the taxpayer's income tax return according to percentage specified, and will allocate the remainder to the spouse. In order to perform the split within DT Max, two new keywords have been added in the CAPITAL-GAIN keyword group, Own-%Share and Spouse-Share . Exchange rate listing in the data entry As of tax year 2008, DT Max will list all the exchange rates within the keyword Exchange.t through a drop-down menu. Select the appropriate foreign currency from the list offered, and input next to the currency the exchange rate indicated by DT Max. The rates published by DT Max are the Bank of Canada average rates. Should you want to enter a different exchange rate, simply input it next to the currency selected from the drop-down menu. iii) SmartStart client profile This data entry tool offered within DT Max has been revised, and is now a lot more detailed than before. As of the 2008 tax year, the SmartStart client profile will have more sections to choose from, therefore rendering your searches within this tool a lot easier.
c) T1013 form: two new items addedThe following two new items have been added for consent form T1013 under ''Preferences'', in the ''Identification'' option, under the ''Identification numbers'' tab:i) The Group ID, which is a six-character alphanumeric code, starting with a G, that identifies a group of representatives as well as the name of the group. ii) The extension number for the telephone number has also been added under Preferences, in the ''Identification'' option, under both the ''Main address'' and ''Alternate address'' tabs. d) Colour printing and PDF filesAs of tax year 2008, DT Max will offer the ability to print and save tax returns in colour. You can activate or de-activate both options under the ''Printing options'' tab.
2. New in-house formsa) 5-year comparative summaries for statements of business activities (reminder)As mentionned in our June 2008 issue of What's New?, the following five new summaries have been previously added in our planner version 11.30 for tax year 2008: "T776-S - Real estate rental summary" The summaries have been designed to allow users to easily view the variations of income and expenses. The summaries are made up of four information sections, an identification section, a section for income and expenses, a section for the variation percentage for each year and finally a section for the percentage represented by the income and expenses types for the current year in relation to the gross income. Should the income tax returns be queued for printing, prior data will be automatically retrieved by DT Max. b) New summariesDT Max always makes a point of listening to the needs and requests of its clients and in order to assist you in verifying the results, DT Max has added for tax year 2008 the following three new summaries: Tax return summary Tax return summary - combined T1 and TP-1 returns summary These new summaries will only show the lines for which an amount is entered and cover most of the tax return's lines. c) Optimization reportThe Optimization Report is a new diagnostic schedule that will list all the optimizations DT Max has performed automatically in a particular file. Not only will the report list these optimizations, it will also show you the steps to take to disable them. d) Error prevention reportThe error prevention report is a new diagnostic schedule that will list potential data entry errors detected, and possible ommissions within a particular file. This report will be more detailed than our current Notes and Diagnostics schedule (which remains unchanged for 2008); it will narrow down the potential errors to specific lines on the income tax return. Not only will this report list these potential errors, it will also show you the steps to take to correct them.
3. Preliminary status advisoryDevelopment and testing of sweeping tax changes require that we ask users to hold off filing returns with tax profiles that include the following items until they update their software to version 12.10: Federal: T1163 - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals T1273 - Harmonized AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals T2203 - Provincial and Territorial Taxes for 2007- Multiple Jurisdictions Quebec: TP-729 - Carry-Forward of Net Capital Losses Quebec child support payment estimates for the July 2009 to June 2010 period
4. New client letter variables%136 T1297 - NL resort property tax credits [$] %257 Q438 - Annual registration fee for the Quebec enterprise register [$] %258 Q436 - Information about the business changed [0=No, 1=Yes] %259 Split-pension combined federal savings %260 Split-pension combined Quebec savings %261 Q458 Schedule J - Senior residence [$] %239 T1005 - Manitoba tuition fee income tax rebate [$] %240 T1256-1 - Manitoba community enterprise investment tax credit [$]
5. Program certificationDT Max is certified for paper filing under the following authorization numbers:
Federal: RC-08-119
6. DT Max referencesPlease refer to these knowledge base topics for a detailed review of tax changes implemented: DT Max T1
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