What's new for T1 Internet version 12.13?

The latest DT Max program update is now available for downloading. It features the fully functional T1/TP-1 program for tax years 1998 to 2008 and fully supports T1/TP-1 Efile. Installing this version will update your version of DT Max to 12.13

Please note that all program versions are always made available on the Internet.

In this version...

Known issues fixed in version 12.13
New keywords
New options
Calculation of the Child Tax Benefit
Pension income splitting
Tuition or examination fees transferred by a child (Schedule A, part D)
Calculation of the Ontario provincial tax

Known issues fixed in version 12.13

Supplement for Personal care service (TP1 Schedule J)
Ontario Senior Homeowners’ Property Tax Grant (OHSPTG)

New keywords

In the CAPITAL-GAIN group, for transaction in foreign currency:

a) ForeignCurrency : Transaction in foreign currency (yes/no)

b) Country.cg : Name of country for income from sources outside of Canada

c) Exchange.cg : Exchange rate applicable to the proceeds of disposition

Use this keyword to indicate the exchange rate applicable the proceeds of disposition. Enter this rate only if the proceeds of disposition are expressed in foreign currency.

d) ACB-Exchange.cg : Exchange rate applicable to the adjusted cost base

Use this keyword to indicate the exchange rate applicable to the adjusted cost base. Enter this rate only if the adjusted cost base is expressed in foreign currency.

e) Exp-Exchange.cg : Exchange rate applicable to the outlays and expenses relating to capital property dispositions

Use this keyword to indicate the exchange rate applicable to the outlays and expenses relating to capital property dispositions. Enter this rate only if the outlays and expenses relating to capital property dispositions are expressed in foreign currency.

Click here for the CRA's records of average exchange rates.

New options

1) New options added to keyword Expenses , under the Business group (when the option ''T2125 - Business'' is selected) :

Meals expenses (not subject to the set limits - Quebec)

Use this option if you are in the situations where neither the 50% limit (or specified percentage) nor the ceiling based on sales applies to the deduction of your meal and entertainment expenses.

2) New options added to keyword Expenses , under the Business group (when the option ''T776 - Rental'' is selected) :

Maintenance and repairs (related to the units rented only)

Calculation of the Child Tax Benefit

Following the adoption of the Federal budget on January 27, 2009, the calculation of the Child Tax Benefit has been updated to take into account the new 2009 tax brackets.

Pension income splitting

i) Changes have been implemented in order to increase the speed of calculation for certain types of pension income splitting.

These changes could generate disparities with the calculation performed by DT Max with the previous version, in regard to the choice of the pension income amount to be split (in cases where several scenarios may lead to the same global results for the spouses).

Should you wish to obtain a result that is identical to the one obtained with a version prior to 12.13 (for instance, in cases where the return has already been filed or delivered to the client and you would like to keep the same split amount), use the new keyword XPENSION and enter the number 250 as a setting.

ii) Improvements have been brought to the calculation of the foreign pensions' income splitting, in cases where there is a tax treaty with the country the pension is from. Please contact our support team if you have filed these types of returns for tax year 2008.

Quebec tuition or examination fees transferred by a child (Schedule A, part D)

If you wish to enter tuition or examination fees transferred by a child on Schedule A, part D, you must first enter the tuition fees in the child's file in order for all the required information to be carried to Schedule A. Do not use the keyword Tuition-Dep-Que , option ''Transfer amount from dependant not processed'' from the keyword group Tuition-Edu .

Calculation of the Ontario provincial tax

Improvements have been brought to the calculation of the Ontario tax in cases where one of the spouse has no provincial tax payable and transfers an amount sufficient to bring his/her spouse's Ontario tax to $0. In some rare cases, the program was reporting a provincial tax amount on the federal jacket.