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Print this pageForward this document  What's new for T1/T3 Internet version 12.20?

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 to12.20. It also 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 version...

DT Max T1

DT Max T3

DT Max T1

Known issue fixed in version 12.20

Modified form

    Quebec :

    - TP-1000.TE-V - Online Filing of the Personal Income Tax Return by an Accredited Person

    A new line has been added on the form :

    Retirement income transferred by your spouse (line 123)

Optimization of Children's fitness amount (federal)

    DT Max now optimizes the transfer of the Children's fitness amount on line 365 of federal Schedule 1 of the family head or the other parent. Use the keyword Transfer-OV in a dependant's file if you wish to modify the choice made by DT Max.

T4A : Amount of deduction for patronage dividends

    In the T-Slip group, when using the keyword Footnotes.t with the option "Note - Deduction for patronage dividends", should there be a difference on how the deduction amount for patronage dividends is treated between the federal and the Quebec jurisdictions, use Alt-J to enter a different amount.

New options

    The following options pertain to the Public transit amount, as reported on line 364 of federal Schedule 1.

    1) For keyword Optimize :

    Claim own amount

    2) For keyword Transfer-OV , the dependant can now specify to which parent the Public transit amount should be transferred with the following options :

    Family head
    Spouse of family head

New CRA rules implemented

    The following new CRA rules have been implemented in this version :

    a) Federal T1, line 117, Universal Child Care Benefit :

    The "lower net income" for universal child care benefit (UCCB) reporting purposes will be the "net income" calculated without taking into account the UCCB income nor the social assistance payments, and without considering the child care expenses nor the EI/Old Age security repayment deductions.

    b) Federal T1, line 145, Social assistance payments :

    The "higher net income" for social assistance payments reporting purposes will be the "net income" calculated with UCCB income included but without taking into account the social assistance payments, the child care expenses nor the EI/Old Age security repayment deductions.

    c) Federal T1, line 214, Child care expenses :

    The "lower net income" for the child care expenses claim purposes will be the "net income" calculated with UCCB and social assistance payments but without considering the child care expenses nor the EI/Old Age security repayment deductions.

DT Max T3

Modified forms

    Federal :

    - Schedule 5 - Spousal or Common-law Partner Trust's Capital Gains Deduction in Year of Beneficiary's Death

    Schedule 5 has been modified extensively. The federal government is now requesting more detailed information on the spouse's or common-law partner's capital gains deduction. In order to meet these requirements, the keyword FORM-T657 within the Beneficiary group has also been modified extensively.

    Any information that had been previously entered, will be converted to the new options. Amounts entered, in a prior version, as "Cumulative Eligible Capital Gains Reported after 1984" using the keyword FORM-T657 , will be converted to eligible taxable capital gains from 2002 to 2007 in the keyword CAP-GAIN.CH . If the gain does not fall within this period, manually alter the information so that it may be properly displayed on Schedule 5.

    Amounts entered as "Cumulative loss claimed after 1984" will be used as an override for line 4 on Schedule 5. If there is a discrepancy between line 4 and line 16 on this schedule, a warning diagnostic will appear.

    The unused capital gains deduction is now calculated on Schedule 5. Amounts that had previously been entered as "Unused capital gains deduction for the year" will, for 2008, be entered as an override on line 9 of Schedule 5 and line 690 on Quebec form TP-668.1. For 2009 and later, DT Max will use for Quebec, the same unused capital gains deduction calculated federally. Should the amount be different, a manual entry will be required using the keyword EXEMPTION.CH and choosing option "Unused capital gains deduction for the year (Qc)".

    It is possible that supplemental information may be necessary to properly fill the modified Schedule 5. It is imperative that the data entry and schedule be reviewed.

    - T3MJ - Provincial and Territorial Taxes for 2008 - Multiple Jurisdictions

Forms under review

    Federal :

    - T3A - Request for Loss Carryback by a Trust

    - T1135 - Foreign Income Verification Statement

    - T1141 - Information Return in Respect of Transfers or Loans to a Non-Resident Trust

    - T1142 - Information Return in Respect of Distributions From and Indebtedness To a Non-Resident Trust

    - T2223 - Election, under Subsection 159(6.1) of the Income Tax Act, To Defer Payment of Income Tax

New keywords

    In the Trustee group :

    Designation.tr : Designation or title used to address the trustee

    Use the keyword Designation.tr to specify the way you want to address the trustee on the client letter. You can enter any designation or title you wish printed including Ms., Dr., and Prof., among others.

    In the Clearance group :

    PLAN-NAME : Name of plan

    In the Beneficiary group :

    a) CAP-GAIN.CH : Year and amount of eligible taxable capital gains reported

    Use CAP-GAIN.CH to enter the amount of eligible taxable capital gains declared in the relevant period.

    b) EXEMPTION.CH : Year and capital gain deduction as stated on return

    Use EXEMPTION.CH to enter a deduction for capital gains declared in the relevant year pursuant to line 254 of the federal return and line 292 of the Quebec return.

    c) AMOUNT.T657 : Year and amount of loss claimed on the personal tax return

    Use AMOUNT.T657 to enter the year and the amount of loss claimed on the spouse's or common-law partner's personal tax return.

New options

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

    Maintenance and repairs (related to the units rented only)

    3) New options added to keyword FORM-T657 :

    ABIL / CNIL
    Net capital losses
    Eligible taxable capital gains reported
    Capital gains deduction claimed

    4) Under the keyword AMOUNT.T657 , when option ''ABIL / CNIL'' is selected in FORM-T657 :

    ABIL claimed in 1985 through 2007
    ABIL claimed in 2008
    Cumulative net investment loss to December 31, 2008

    5) Under the keyword AMOUNT.T657 , when option ''Net capital losses'' is selected in FORM-T657 :

    Allowable capital losses claimed in 1985
    Net cap. losses of other yrs claimed from 1985 to 2007
    Net cap. losses of other yrs claimed in 2008

    6) Under the keyword CAP-GAIN.CH , when option ''Eligible taxable capital gains reported'' is selected in FORM-T657 :

    1985 - 1991 taxable capital gains
    1992 - 1993 eligible taxable capital gains
    1994 eligible taxable capital gains
    1995 eligible taxable capital gains
    1996 - 1999 eligible taxable capital gains
    2000 eligible taxable capital gains
    2001 eligible taxable capital gains
    2002 - 2007 eligible taxable capital gains
    2008 eligible taxable capital gains

    7) Under the keyword EXEMPTION.CH , when option ''Capital gains deduction claimed'' is selected in FORM-T657 :

    Deduction claimed in 1985 - 1987
    Deduction claimed in 1988 - 1989 excluding ECP
    Deduction claimed for ECP in 1988 - 1989
    Deduction claimed in 1990 - 1999
    Deduction claimed in 2000
    Adjustment of 2000 capital gains deduction
    Deduction claimed in 2001 - 2007
    Deduction claimed in 2008
    Unused capital gains deduction for the year - OV

Reminder: verifying carryforwards

    As always, we recommend that you verify your carryforwards carefully before processing your client files.

March 24, 2009