DT Max version 13.10 is a CD release that features the T1/TP-1 program for tax years 1999 to 2009, and fully supports T1/TP-1 efile. Version 13.10 also features the T3/TP-646 program for fiscal periods ending from 2003 to 2010 inclusively. Please note that all program versions are always made available on the Internet.
In this version...About your DT Max licence key
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 2009 and 2010 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. Program certificationDT Max is certified for paper filing under the following authorization numbers:
Federal: RC-09-119 2. Technical changes
As of the 2009 tax year, DT Max has added certain keywords within the ADDRESS keyword group in order to enable users to properly enter a foreign address. In order to obtain the following keywords, you must select the option "Outside of Canada" in the keyword Province :
ii. Improvements to the keyword group RELATEDPARTY A new feature has been added in order to quickly import the information of an ex-spouse in the year of separation. When selecting the "Ex-spouse (was a spouse in 2009)"option with the keyword RelatedParty , DT Max will provide keyword DT-ImportClient . By selecting "Yes" within this keyword, DT Max will trigger the import feature. A window will appear prompting you to enter the client number of ex-spouse. Once the number is entered, click "Next", and DT Max will import the basic information of the ex-spouse.
b. T1013 form: two new options added For tax year 2009, Form T1013 has two new options whereby the taxpayer may grant authorization to a representative including online access through Part 2 of the Form, or grant authorization other than online access through Part 3 of this Form. Either Part 2 or Part 3 of Form T1013 may be completed, but not both. The expiry date for the above-mentioned consents is now indicated, in a new section of the Form, in Part 4 of Form T1013. In addition, you should also review your entries under the menu item Preference/Tax preparer identification to ensure a default name appears as the contact name. Due to the new parameters of the authorization form, you are required to enter the first and last names of the contact person as two separate items.
c. Optimization of pension-income splitting
To better identify the optimal amount of pension income being split between the family head and the spouse, we have included a direct online description of the amount of eligible pension income being split between two taxpayers. With version 13.10, significant improvements have been made to the optimization process of the pension income splitting, more specifically the calculation time. Users of DT Max will notice a speedier calculation process when running a pension income split for a tax return.
As of version 13.10, a standard engagement letter has been added to the client letter for the 2009 tax year. In order to enable the engagement letter, go to the Preferences menu, and select Client Letter. In the window that will appear, tick the box "Generate a separate engagement letter". Once this is done, DT Max will generate the engagement letter for all clients in your database. The engagement letter can be modified and customized the same way as the client letter.
e. Overseas Employment Tax Credit We have enhanced the keyword group relating to the Overseas Employment Tax Credit to allow the user to enter the appropriate amount of employment expenses attributable to the income eligible for this credit. Using the keyword EMPLOY-EXP , you will be able to enter the appropriate amounts of employment expenses relating to the taxpayer's income eligible for the Overseas Employment Tax Credit.
f. MR-69 - Power of Attorney, Authorization to Communicate Information, or Revocation Starting with version 13.10, if the first name and last name of the contact are not entered, DT Max will use the name of the business for "Name of business or last name and first name of individual" in Section 1.2, "Person to whom the Ministère is authorized to communicate information or to whom a power of attorney is granted (mandatary)" of form MR-69.
3. New tax credits for 2009
Here are the major points of this new federal credit introduced exclusively
for tax year 2009: i. Tax Credit for Home Improvement and Renovation
If a Quebec taxpayer meets certain eligibility requirements, the taxpayer may be entitled to a refundable tax credit for tax year 2009 for expenses incurred under a residential renovation agreement entered in 2009 for home improvements or renovations. Unlike the federal credit, the Quebec credit is refundable. However, the types of renovations that are eligible are restricted largely to the variety that requires licensed contractors to be performed. The tax credit is equal to 20% of the eligible expenses in excess of $7,500. The maximum amount of eligible expenses is $20,000 for a maximum credit of $2,500. Eligibility requirements To be eligible for the refundable tax credit for home improvement and renovation, the taxpayer must have:
ii. Tax Credit for the Acquisition or Lease of a New Fuel-Efficient Vehicle Quebec has introduced a new refundable tax credit for the acquisition or long-term lease of a new fuel-efficient vehicle acquired, or leased for a continuous period of at least 12 months, after December 31, 2008 but before January 1, 2016.
A new refundable business training tax credit can be claimed for eligible employers who incurred training expenses related to the training of an eligible employee. An individual can claim this credit if, in 2009, he/she was an eligible employer and also met the following conditions:
This rebate has been introduced for post-secondary graduates in 2009. The former post-secondary graduate tax credit ended in 2008. The unused credits of the former post-secondary graduate tax credit can be applied in the two years following graduation. Unused portions of the new Graduate Retention Rebate cannot be carried forward. A taxpayer can claim this credit if he/she meets all of the following conditions: Individuals will be entitled to this rebate over a six-year period provided that they file an income tax return as a resident of Nova Scotia in the year they graduated and in the next five years. The total credit for the six years is $15,000 for a university program and $7,500 for a college program. Individuals can claim this rebate for one graduation only, even if they graduated from more than one eligible program of post-secondary studies.
4. New forms, new slip and their corresponding keywords
1) T2205/TP-931.1 - Amounts from a Spousal or Common-Law Partner RRSP or RRIF to Include in Income for (tax year) Individuals who have withdrawn early from a spousal RRSP or RRIF have to complete this form (TP-931.1 for Quebec residents as well) in order to indicate the income to include in both spouse's returns. Keywords have been added to the data entry in order to complete the form: 2) T1243 - Deemed Disposition of Property by an Emigrant of Canada Individuals must complete this form if they ceased to be residents of Canada in the year and they were deemed to have disposed of property when they left Canada (certain exceptions apply).* In order to generate this form in DT Max, enter the details of the deemed disposition within the CAPITAL-GAIN keyword group. Once this is done, select "Yes" for the keyword Deemed-Disp, and DT Max will produce the T1243. *For more details on what type of property to declare on the T1243, please consult the form T1243 - Deemed Disposition of Property by an Emigrant of Canada. Note: The basic criteria to be able to generate this form is to be filing an emigrant return by selecting "Emigrant" within the keyword Non-Resident , and completing the rest of the keyword group accordingly. 3) Regarding the Deduction for Foreign Pension and other Registered Pension Plans, use the keyword Foreign-RP to select the completion of the following forms: - RC267 - Contribution to a US Employer-Sponsored Registered Plan - RC268 - Contribution to a US Registered 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) With respect to Form RC267,Contribution to a US Employer Sponsored Registered Plan, you will require to enter the amount of the contributions to the U.S. retirement plan using the keyword Contrib-RP , the amount of contributions that would be excluded from the income on the U.S. tax return using the keyword Contrib-Excluded , and the resident compensation using the keyword Resident-Compens . For Form RC268, Contribution to a US Registered Plan by a Commuter from Canada, using the keyword Type-PensionPlan , you will also be required to indicate if the individual's plan was i) a money purchase plan, ii) a defined benefit plan, or iii) a combination of both. Finally, if the individual participated in a money purchase plan, you are required to indicate the employer's contribution using the keyword EmployerContrb . If the individual participated in a defined plan, you are required to enter the amount of "resident compensation" using the keyword Resident-Compens . If the individual's plan is a combination of a money purchase plan and a defined plan, you will be required to enter all of the above-mentioned information. Please note that resident compensation is defined as the total 2009 salaries, wages, and other amounts from a taxpayer's employment with the employer in question, excluding amounts that are exempt from income tax in Canada by virtue of the Canada-U.S. Tax Convention. Finally, under the keyword Foreign-RP , you will find the appropriate sub-keywords required to complete Form RC269, Contributions to a Foreign Employer-Sponsored Pension Plan or to a Social Security Arrangement (other than a US Arrangement). For such a plan, you are required to enter information for the following sub-keywords: Form RC269 must be completed in order to deduct contributions to a foreign, non-US, pension plan that are deductible pursuant to a tax treaty on the taxpayer's Canadian income tax return. 5) Schedule 12 - Home Renovation Expenses (see section 3, New tax credits for 2009, for details on the federal Home Renovation Tax Credit) A new keyword has been added, Renovation , in order to enter the expenses. You can list the renovation expenses for each receipt using the secondary keyword RENO-AMOUNT-PAID. Within this keyword, DT Max will supply additional keywords in order to enter the details of the expenses, such as: 6) T1 - Jacket for Saskatchewan and British Columbia You will notice the T1 Federal income tax return jackets are unique for the provinces of Saskatchewan and British Columbia. For example, for the province of Saskatchewan, the T1 will have a designation "SK 7" printed on the upper right corner below the "2009" taxation year. 1) TP-1029.RR - Tax Credit for Home Improvement and Renovation Use the following keywords in order to enter the data required to allow the calculation of the Quebec Home Improvement Tax Credit: 2) TP-1029.8.36.EC-V - Tax Credit for the Acquisition or Lease of a New Fuel-Efficient Vehicle (see section 3 for details on this tax credit) In order to claim this new Quebec tax credit for an eligible taxpayer, the following keywords are required:
3) TP-1029.9-V - Tax Credit for Taxi Drivers, for Taxi Owners or for the Modernization of the Taxi Fleet Revenu Québec has combined two forms into one for 2009. The keywords for the group TAXI-MAKE have remained relatively similar. However, the credit for New Brunswick Modernization of the Taxi Fleet, Taxi Drivers, and Taxi Owners is not calculated on one single form. 1) T1317 - Business Training Tax Credit (see section 3 for details about this tax credit) A new keyword group has been added to claim this new credit, BUS-TRAINING . Within the secondary keyword ELIG-EMPLOYEE , select whether the employee is a beneficiary or not under the Nunavut Land Claims Agreement. Once this is done, enter the direct and indirect costs incurred and financial assistance received.
RL-10 slip - Crédit d'impôt relatif à un fonds de travailleurs (Tax Credit for a Labour-sponsored Fund) For 2009, there are enhancements to the Quebec tax credit for a labour-sponsored fund, and DT Max has incorporated the following new keywords: 5. Forms, slips and other items added to the billing module
Federal: - Schedule 12 - Home Renovation Expenses - RC267 - Contribution to a US Employer-Sponsored Registered Plan - RC268 - Contribution to a US Registered Plan by a Commuter from Canada - RC269 - Contribution to a Foreign Pension Plan other than a US Plan. - T1243 - Deemed Disposition of Property by an Emigrant of Canada - T2205 - Amounts from a Spousal RRSP or RRIF - T101 - Statement of Resource Expenses - T5006 - Registered Labour-Sponsored Venture Capital Corporation - T5008 - Return of Securities Transactions Quebec: - TP-931.1 - Amounts from Spousal RRSP or RRIF - TP-1029.RR - Home Improvement and Renovation Tax Credit - TP-1029.8.36.EC - Tax Credit for New Fuel-Efficient Vehicle Nunavut: - T1317 - Nunavut Business Training Tax Credit Other items: - Federal Line 366 - Amount for Children - Federal Line 315 - Caregiver Amount - Federal Line 305 - Eligible dependant Vehicle-Exp - Business and employment expenses Disposition - from CCA-Class for all businesses ADDITIONS - from CCA-Class for all businesses UCC-Open - from CCA-Class for all businesses Forms removed from the billing module: - T1219-ON - Ontario Minimum Tax Carryover - TP-1029.9.3 - QC Tax Credit for Modernization of Taxi Fleet. 6. Modified formsFederal: a) T1013 - Authorizing or Cancelling a Representative You are required to review your tax preparer identification under the Preferences menu, since the contact information on Form T1013 has changed. In addition, the structure of this form has changed in order for the taxpayer to allow or deny online access to his/her account. b) T1161 - List of Properties by an Emigrant of Canada This form is completed in the situation where the individual has ceased to be a resident of Canada at any time in the year and the fair market value of all the properties he/she owned when they left Canada was more than $25,000 (certain exceptions apply). There are two ways to generate the form within DT Max: Situation of a deemed disposition of a property that has to be declared on the T1243*:
CAPITAL-GAIN keyword group. Select "Yes" to the keyword Deemed-Disp, then select "Yes" to the keyword Property-T1161, located within this group. Situation of a deemed disposition of a property that is not declared on the T1243*: Use the keyword Property-Em, and enter a description of the property. Use the keyword Type-Em to indicate whether it is a Canadian or Foreign property. Use Shares-Em to enter the number of shares. Use FMV-Em to enter the fair market value of the properties. Note: The basic criteria to be able to generate this form is to be filing an emigrant return by selecting "Emigrant" within the keyword Non-Resident , and completing the rest of the keyword group accordingly. *For more details on what type of property to declare on the T1243, please consult the form: T1243 - Deemed Disposition of Property by an Emigrant of Canada. c) T1 - Apprenticeship Completion Grant (line 130) A new income amount has been added to line 130 of the T1 for a new program, called the Apprenticeship Completion Grant. The amount received by the taxpayer will be indicated on the T4A, box 28, with Code 30 indicated in box 38. To enter the amount of Apprenticeship Completion Grant, use the keyword TSLIP , select T4A, then under Other-Income , select "[30] Apprenticeship completion grant." Should you be completing an income tax return for an employer eligible for the Apprenticeship job creation tax credit (AJCTC), you will need to enter the information for the following keyword and subsequent sub-keywords: 7. Removed forms
Federal: - T2032 - Statement of Professional Activities Ontario: - T1219 - ON Ontario Minimum Tax Carryover The Ontario government minimum tax is now calculated with the federal minimum tax amount, instead of separately. Alberta: - AT60 - Alberta Royalty Credit and Alberta Tax Refunds Application for Individuals The government of Alberta has discontinued the use of this form 8. Form in preliminary versionPlease note that there are no more forms in preliminary version with version 13.10. 9. New in-house forms, notes, diagnostics, and error prevention reports
i) Tax returns Summary - Pre- and Post-Bankruptcy This summary will allow the preparer to review the pre- and post-bankruptcy returns side by side and will provide a total for the yearly amounts. A federal and, if applicable, a Quebec summary are provided. In addition, we have included in-house documentation relating to bankruptcy returns. Please consult our concise guide entitled "Processing rules for bankruptcy returns." i) T1135 - Foreign Income Verification Statement As per the T1135 form's (Foreign Income Verification Statement) filing instructions, as an individual, the taxpayer is not required to file this statement for the year in which he/she first became a Canadian resident. Please ensure the taxpayer had not previously resided in Canada. ii) T1161 - List of Properties by an Emigrant of Canada Warning: Property on Form T1161 is listed. However, no date of departure for the taxpayer is entered for the keyword Emigration-Date . iii) Federal Line 368 - Home renovation expenses DT Max will provide a table of expenses which were excluded from the home renovation expenses because they were not incurred during an eligible period. iv) GST370 - Employee and Partner GST/HST Rebate Application DT Max will provide you with a table indicating the GST/HST rebate on CCA that should reduce the undepreciated capital cost (UCC) for the beginning of 2009. Use this chart to assist your review of the amount of GST/HST rebate calculated. v) T4164 - Manitoba Odour-Control Tax Credit Please review Form T4164 (Manitoba Odour-Control Tax Credit) to ensure that sufficient Manitoba tax (as per line 428 of the federal return) and property tax related to farming property located in Manitoba were incurred to warrant a carry-back of this credit to a prior taxation year. vi) Quebec Line 462 [ Code 22 ] Home renovation expenses tax Credit DT Max will indicate the expenses which where excluded from the home renovation expenses because they were not incurred during an eligible period. vii) VD-358 - Quebec Sales Tax Rebate for Employees and Partners DT Max will provide you with a chart to allow you to review the QST rebate on CCA that should reduce the undepreciated capital cost (UCC) for the beginning of 2009. You use this note to verify if the amount is correct or if it requires an adjustment. i) Federal Line 104 Other employment income - GST/HST rebates The taxpayer has business income and GST/HST rebates included as other employment income. The GST/HST rebates must be entered with keyword Partner-Inc as partner's income. Reminder: Use the Adjust-Curr keyword to enter the amount of adjustments to be deducted from the UCC of each CCA class for which GST and/or PST (QST) rebates were claimed in the previous tax year. ii) Federal Line 369 - Home buyers' amount The taxpayer has a withdrawal under the HBP from a T4RSP slip. Verify if the taxpayer qualifies to claim the Home buyers' amount. iii) T1317 - Nunavut Business Training Tax Credit The Nunavut business training tax credit has not been calculated because you have not reported any self-employment income. Please make the necessary correction by adding your self-employed business information, or by deleting your claim for this credit. iv) T4164 - Manitoba Odour-Control Tax Credit Please confirm that the proper amounts of Manitoba provincial income tax and Manitoba property tax related to farming property were entered with respect to form T4164 (Manitoba Odour-Control Tax Credit). 10. New keywords
a) PostDeathDecline : Post-death decline in the value of an unmatured RRSP or a RRIF (RC249) [Fed. L.232] Q [Que. L.250] Use PostDeathDecline to enter the deduction for Post-death decline in the value of an unmatured RRSP or a RRIF from the RC249 form. You may deduct, in the principal return filed for the year of death of a person, the loss in value of investments in an unmatured RRSP or a RRIF sustained between the date of death and the date of payment to the heirs. Enclose a copy of form RC249, Post-Death Decline in the Value of an Unmatured RRSP or a RRIF - Final Distribution Made in 2009 that the RRSP issuer or RRIF carrier remitted to the taxpayer. This form is not supported by DT Max. b) In the Home-Buyers-Amt keyword group : i) Home-Buyers-Amt : Home buyers' amount for the purchase of a qualifying home made after January 27, 2009 [Fed. L.369] Use the keyword Home-Buyers-Amt if you qualify for the home buyers' amount for a purchase of a qualifying home made after January 27, 2009, (closing after this date) if both of the following apply: Note: You do not have to be a first-time home buyer if you are eligible for the disability amount or if you buy the home for the benefit of a related person who is eligible for the disability amount. However, the purchase must be made to allow the person eligible for the disability amount to live in a home that is more accessible or better suited to the needs of that person. The claim can be split between you and your spouse or common-law partner, but the combined total cannot exceed $5,000. When more than one individual is entitled to the amount (for example, when two people jointly buy a home), the total of all amounts claimed cannot exceed $5,000. ii) HOME-JOINTLY : Was the home jointly purchased owned by more than one owner (OTHER THAN THE SPOUSE)? iii) Home-Max-Amount : Enter the portion of the home buyers' amount for the purchase of a qualifying home (not exceeding $5,000) Home Buyer's Plan The maximum amount of withdrawal from the Home Buyer's Plan has been increased from $20,000 to $25,000. c) In the ProvCredit keyword group: i) OSHPT-Grant : Amount of the 2009 Ontario Senior Homeowners' Property Tax Grant [ON 479, L.6117] Ontario Senior Home Owner's Tax Benefit The maximum Ontario Senior Homeowners' Property Tax Grant has increased to $500 for 2010 (rate). Enter the Property Grant received in the previous year on new line 6117 of Form ON479. Property Tax credit is reduced by the following calculation: (Credit otherwise claimed) plus (OSHPTG received in the previous year) minus (greater of occupancy cost and credit otherwise claimed in the year). The result of this calculation is then subtracted from the Credit otherwise claimed, which constitutes the taxpayer's Property Tax Credit. ii) PrimaryCaregiver : Name of client and number of creditable number of days for the primary caregiver tax credit [MB479 L.6125] Use the keyword PrimaryCaregiver to enter the name of client and number of creditable number of days for the primary caregiver tax credit. You can claim this credit if, in 2009, you were a resident of Manitoba and you provided ongoing voluntary care to a family member, friend, or neighbour who has been assessed under the Manitoba Home Care Program guidelines as requiring care at level 2 or higher. To be eligible, the person you care for (the qualified client) must have designated you as his or her primary caregiver. Also, you must have provided care and supervision for the client for more than 90 days in the year and received no compensation for your services. If you started providing care to a Home Care client on October 1, 2008, or earlier, and continued to provide care throughout 2009, you can claim the full amount of the tax credit. You can claim up to a maximum of $1,020 per client. You can be a designated primary caregiver for up to three clients in any given month during the year, and you can claim the tax credit for each one of them provided the 90 day waiting period has been completed for each client. Note: You cannot claim this credit for periods of time longer than 14 continuous days if the person requiring care is placed in a hospital or an institution, or if you are unavailable to provide care for any other reason, such as vacation, etc. d) Sport-Recreation : Sport and recreational expenses for eligible child [Fed. L.365] [SK479 line 5980]. Use Alt+J to enter a different amount for provincial purposes (Saskatchewan). Active Families Benefit - Saskatchewan For residents of Saskatchewan on December 31, 2009, individuals can claim up to a maximum of $150 per eligible child for the fees paid in 2009 that relate to the cost of registering theirs or their spouse's or common-law partner's child in an eligible activity. This amount is claimed on the SK479 under a new line number, line 5980. The child must have been at least 6 years of age and not older than 15 years of age on the last day of the year in which the eligible fees were paid. If there is a spouse or common-law partner, only one can claim the active families benefit for an eligible child. The couple has to decide who will claim this benefit for the child. 11. New options
a) For keyword GRADUATECREDIT in the ProvCredit keyword group, four options are available (see section 3 for details on this rebate): b) Farming Income and the AgriStability and AgriInvest Programs Various options relating to the types of farming products have been added and deleted as per the new 2009 Guide RC4408 - Farming Income and the AgriStability and AgriInvest Programs Harmonized Guide. 12. New client letter variables
The client letters have been enhanced and the following variables have been added (Note: We strongly recommend to discontinue the use of last year's letters) : Bankruptcy [1=Pre, 2=Post, 3=Trustee's, 6=Pre-prop., 7=Post-prop.] HBP amount required to repay for next year [$] LLP amount required to repay for next year [$] Interest paid on student loans carried forward [$] 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 [$] Engagement letter [1=Yes, 2=No] Interest paid on student loans carried forward - Quebec [$] 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 [$] Amount of non-capital losses carried back to 2006 - Quebec [$] Other new variables : These variables can be added manually to the client letter if you want to use them for all your clients: 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 [$] HBP years left to repay LLP outstanding amount at the end of the year [$] LLP years left to repay Tuition amounts carried forward [$] Pre-1990 RPP (not a contributor) carried forward - Quebec [$] Pre-1990 RPP (a contributor) carried forward - Quebec [$] Adjustment of investment expenses carried forward - Quebec [$] Tuition amounts carried forward - Quebec [$] T1243 - Deemed disposition by an emigrant [0=No, 1=Yes] Date of Emigration Date of Immigration T1161 - List of properties by an emigrant [0=No, 1=Yes] T2061A - List of properties by an emigrant [0=No, 1=Yes] F368 Home Renovation Expenses [$] F369 Home buyers' amount [$] T1317 - NU Business training tax credit [$] T2205 - Amount from a spousal RRSP to be included in income [$] TP-1029.RR - Home Improvement and Renovation [0=No, 1=Yes] T2205 - Amount from a spousal RRIF to be included in income [$]
13. Notes and reminders
i) Reminder Before transmitting any returns please verify that you have registered / renewed your Federal, and if applicable, Quebec Efile Number. You should also verify that the Efile Number and Password is properly reflected within your Efile Setup and that the options selected within the Efile Defaults reflect your desired preferences. If you submit Quebec returns via Efile and generate form TP-1000, the Quebec Ministry of Revenue will require a signature on Part 3 of the form even if you have already obtained one for the MR-69 form. ii) Pre-bankruptcy return Please note that you must paper file CRA's Form DC905 prior to submitting a pre-bankrupt return to the federal government via Efile. b. Messages from Revenu Québec Deceased persons and bankruptcy returns for 2009 Starting in February (date to be confirmed), the tax returns for deceased persons as well as bankruptcy returns for tax year 2009 that are filed with the 2008 version of DT Max will no longer be accepted by Revenu Québec. Returns that are received from this day onward will be sent back along with a notification advising that the returns be filed with version 13.01 and subsequent. c. Demo database Please note that the demo database "DemoClients" should be used for demonstration and learning purposes only. Please create a new database for your actual client tax returns. This is especially important under Microsoft Vista. d. Carryforwards As always, we recommend that you verify your carryforwards carefully before processing your client files. 14. DT Max references
Please refer to these knowledge base topics for a detailed review of tax changes implemented: DT Max T1 15. Known issues fixed in version 13.10DT Max T31. Program certificationDT Max is certified for paper filing under the following authorization numbers: Federal schedules: CRA-09-501Quebec schedules: RQFS-0901 Federal slips: RC-08-119 Quebec slips: FS-07-16-001 2. 2010 tax rates for T3All federal and provincial tax rates have been updated in DT Max T3 for 2010. The rates are based on information available as of December 31, 2009. Please refer to the DT Max Knowledge base for additional details on the new tax rates. 3. New formsa) Federal: - SIFT Workcharts - Specified Investment Flow-Through (SIFT) Trust Income and Distribution Tax Calculations b) Quebec: - TP-750 - Income Tax Payable by a Trust Resident in Quebec That Carries On a Business in Canada, Outside Quebec, or by a Trust Resident in Canada, Outside Quebec, That Carries On a Business in Quebec 4. Modified forms
a) Federal: - T3 - Trust Income Tax and Information Return - Schedule 1 - Disposition of Capital Property - Schedule 1A - Capital Gains on Gifts of Certain Capital Property - Schedule 3 - Eligible Taxable Capital Gains - Schedule 5 - Spousal or Common-Law Partner Trust's Capital Gains Deduction in Year of Beneficiary's Death - Schedule 9 - Income Allocations and Designations to Beneficiaries - Schedule 11 - Federal Income Tax - Schedule 12 - Minimum Tax Note: The CRA has not issued new versions of Schedule 2, 4, 6, 7, 8 or 10 for the 2009 tax year. - NR4 Slip and Summary - TX19 - Asking for a Clearance Certificate - T3A - Request for Loss Carryback by a Trust - T3-RCA - Part XI.3 Tax Return Retirement Compensation Arrangement (RCA) - T3M - Environmental Trust Income Tax Return - T3P - Employees' Pension Plan Income Tax Return - T776 - Statement of Real Estate Rentals - T1055 - Summary of Deemed Dispositions - T1013 - Authorizing or Canceling a Representative - T1079 - Designation of a Property as a Principal Residence by a Personal Trust - T1139 - Reconciliation of 2009 Business Income for Tax Purposes - T1163 - Statement A - AgriStability and AgriInvest Programs Information and Statement of Framing Activities for Individuals - T1175 - 2009 Farming - Calculation of Capital Cost Allowance (CCA) and Business-use-of-home Expenses - T1273 - Statement A - Harmonized AgriStability and AgriInvest Programs Information and Statement of Framing Activities for Individuals - T2036 - Provincial or Territorial Foreign Tax Credit - T2038 - Part A - Calculating an Investment Tax Credit (ITC) - T2121 - Statement of Fishing Activities - T2125 - Statement of Business or Professional Activities - T2209 - Federal Foreign Tax Credits b) Quebec: - TP-646 - Trust Income Tax Return 2009 - Schedule A - Taxable Capital Gains and Designated Net Taxable Capital Gains - Schedule B - Investment Income, Gross-up of Dividends Not Designated and Adjustment of Investment Expenses - Schedule C - Summary of Allocations and Designations - Schedule D - Carry-back of a Loss - Schedule E - Income Tax on Allocated Non-Portfolio Earnings and Amounts to be Designated as Eligible Dividends - MR-14.A - Notice Before Distribution of the Property of an Estate - TP-274.A - Designation of Property as a Principal Residence of a Personal Trust has been renamed: - TP-274.F - Designation of Property as a Principal Residence of a Personal Trust - TP-653 - Deemed Sale Applicable to Certain Trust - TP-668.1 - Taxable Capital Gains of a Trust That Qualify for a Deduction - TP-776.47 - Alternative Minimum Tax of a Trust - TP-80 - Income and Expenses Relating to a Business or Profession - TP-80.1 - Calculation of Business or Professional Income, Adjusted to December 31, 2009 - TP-1086.R.23.12 - Costs Incurred for Work on an Immovable 5. Forms under review
a) Federal: - T184 - 2009 Capital Gains Refund to a Mutual Fund Trust - T3MJ - T3 Provincial and Territorial Taxes for 2009 - Multiple Jurisdictions b) Quebec: - TP-776.47 - Alternative Minimum Tax of a Trust 6. Forms removed
a) Federal: - Schedule 12A - Chart 2 - Ontario Minimum Tax Carryover for 2008 (Trusts) b) Quebec: The following two forms have been replaced by the TP-750: - TP-22 - Income Tax Payable by an Individual Who Carries On a Business in Canada, Outside Quebec - TP-25 - Income Tax Payable by an Individual Resident in Canada, Outside Quebec, Who Carries On a Business in Quebec 7. Warning: verifying carryforwardsAs always, we recommend that you verify your carryforwards carefully before processing your client files. 8. New keywords
SIFT-Info : Information required on the SIFT Use the keyword SIFT-Info to answer the questions on the SIFT workchart.
|
