The latest DT Max program update is now available for downloading. It features the T1/TP1 program for tax years 1999 to 2009 inclusively. Please note that T1 version 13.01 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 13.10 and made available on CD-Rom and via www.dtmax.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 2010. 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 13.10 of DT Max T1.
In this version...
Bankruptcy module (reminder) Preliminary status advisory New client letter variables Engagement letter DT Max references Program certificationDT Max is certified for paper filing under the following authorization numbers:
Quebec: RQ09-TP55 Bankruptcy module (reminder)As part of our unyielding commitment to always meet our clients' expectations and in order to make your work even easier, DT Max is proudly introducing some significant improvements to its bankruptcy module. First, the carryforwards of pre-bankruptcy data have been redefined, so that DT Max is now using two keywords, PreBank-Fed and PreBank-Que , to carry forward all the required information when calculating the post-bankruptcy return. These improvements have allowed us to develop a new and very innovative bankruptcy summary, that will be generated in the post-bankruptcy return. This new summary contains all the relevant information, including the date of bankruptcy, the number of days in pre-bankruptcy and post-bankruptcy, the number of days in the calendar year, all the lines of the tax return that feature pre-bankruptcy and/or post-bankruptcy amounts as well as the pre-bankruptcy and post-bankruptcy total amount. This summary will provide you with a complete overview of the tax situation in the year of the bankruptcy, and will allow you to view and validate the allocation of income, deductions and credits in the pre-bankruptcy and post-bankruptcy returns. Secondly, DT Max has developed a new chart outlining the processing rules for bankruptcy returns. This chart is included in the knowledge base and may be accessed by using Ctrl + F8 on the keyword Bankruptcy . It will provide you with an overview of how each line of the return is to be specifically processed for the federal, provincial and Quebec tax returns. Thirdly, DT Max now allows you to process two bankrupt spouses within the same family during the same tax year. In a situation where the spouse is also bankrupt, you can now use the keyword Bankruptcy in both spouses' tax files. Fourthly, we have modified all of our client letters in order to include paragraphs that will specify whether pre-bankruptcy and post-bankruptcy returns are involved. 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 13.10: 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 2009 - Multiple Jurisdictions T2205 - Amounts from a Spousal or Common-Law Partner RRSP or RRIF to Include in Income Estimation of federal child tax benefits for the period of July 2010 to June 2011 RC267 - Contributions to a United States Employer-Sponsored Retirement Plan for 2009 RC268 - Contributions to a United States Retirement Plan by a Commuter from Canada RC269 - Contributions to a Foreign Employer-Sponsored Pension Plan or to a Social Security Arrangement (other than a United States Arrangement) Quebec: TP-931.1 - Amounts from a Spousal RRSP or RRIF TP-1029.8.36.EC - Tax Credit for the Acquisition or Lease of a New Fuel-Efficient Vehicle Quebec child support payment estimates for the July 2009 to June 2010 period New client letter variablesBankruptcy [1=Pre, 2=Post, 3=Trustee's, 6=Pre-prop., 7=Post-prop.] Pre-1990 RPP contribution (not a contributor) carried forward [$] Pre-1990 RPP contribution (a contributor) carried forward [$] HBP outstanding amount at the end of the year [$] HBP years left to repay HBP amount required to repay for next year [$] LLP outstanding amount at the end of the year [$] LLP years left to repay LLP amount required to repay for next year [$] Tuition amounts carried forward [$] Interest paid on student loans carried forward [$] Elections Canada [0=Blank, 1=Yes, 2=No] Amount of net capital losses carried forward [$] Amount of non-capital losses carried forward [$] Tuition amounts carried forward - Provincial [$] Amount of net capital losses carried back to 2008 [$] Amount of net capital losses carried back to 2007 [$] Amount of net capital losses carried back to 2006 [$] Amount of non-capital losses carried back to 2008 [$] Amount of non-capital losses carried back to 2007 [$] Amount of non-capital losses carried back to 2006 [$] Engagement letter [1=Yes, 2=No] Pre-1990 RPP (not a contributor) carried forward - Quebec [$] Pre-1990 RPP (a contributor) carried forward - Quebec [$] Adjustment of investment expenses carried forward - Quebec [$] Tuition amounts carried forward - Quebec [$] Interest paid on student loans carried forward - Quebec [$] Amount of net capital losses carried forward - Quebec [$] Amount of non-capital losses carried forward - Quebec [$] Amount of net capital losses carried back to 2008 - Quebec [$] Amount of net capital losses carried back to 2007 - Quebec [$] Amount of net capital losses carried back to 2006 - Quebec [$] Amount of non-capital losses carried back to 2008 - Quebec [$] Amount of non-capital losses carried back to 2007 - Quebec [$] Amount of non-capital losses carried back to 2006 - Quebec [$] T1243 - Deemed disposition by an emigrant [0=No, 1=Yes] Date of Emigration Date of Immigration T1161 - List of properties by an emigrant [0=No, 1=Yes] T2061A - List of properties by an emigrant [0=No, 1=Yes] F368 Home Renovation Expenses [$] F369 Home buyers' amount [$] T1317 - NU Business training tax credit [$] T2205 - Amount from a spousal RRSP to be included in income [$] TP-1029.RR - Home Improvement and Renovation [0=No, 1=Yes] T2205 - Amount from a spousal RRIF to be included in income [$] Engagement letter
DT Max references
December 17, 2009 |
