The latest DT Max program update is now available for downloading. It features the fully functional T1/TP-1 program for tax years 1999 to 2009 and fully supports T1/TP-1 Efile. Installing this version will update your version of DT Max to 13.20. It also features the fully functional T3/TP-646 program for tax years 2003 to 2010. Please note that all program versions are always made available on the Internet.
In this version...
GST/HST and QST rebate applications for partner-level expenses Manitoba income tax SK479 - Graduate retention program tuition rebate New federal worksheets New notes and diagnostics Enhancement of the TP1 comparative summary (Quebec) DT Max T1Known issues fixed in version 13.20
Tuition or examination fees transferred on line 65 of Part D of Schedule A GST/HST and QST rebate applications for partner-level expensesIn the latest version of DT Max for T1, we have included an update that allows you to calculate the GST/HST and/or the QST rebate applications for partner-level expenses with respect to farming, fishing, business, professional or commission partnership income. This process is similar to claiming the GST/HST and the QST rebate for employment expenses. The process for calculating these rebates is straightforward. First, you should indicate the partner-level expenses using the keyword Partner-Exp . Then, answer "Yes" for the applicable rebate using the keyword GST-Rebate for federal purposes and QST-Rebate for Quebec purposes, if applicable. DT Max will calculate the appropriate rebate using Form GST370 and, if applicable, Form VD-358 for Quebec. In addition, the keywords GST-EXP-OV , HST-EXP-OV and QST-Exp-OV have been added to the Business keyword group. This will also enable you to enter manually the eligible business expenses in a situation where you want to claim the GST/HST or QST rebate on business expenses. For example, you may want to use this option for cases where the taxpayer was considered a small supplier with taxable worldwide sales of $30,000 or less. Please note that the GST/HST and/or QST rebates that the taxpayer receives for this current taxation year will be included as income on the appropriate business form of the following taxation year.
Manitoba income tax
SK479 - Graduate retention program tuition rebateDue to changes made with respect to the carryforward of the Saskatchewan graduate retention program tuition rebate (SK479), we recommend that you recalculate your affected clients with version 13.20 in tax year 2009 in order to obtain the right carryforward information in 2010. You can create, in tax year 2009, a filter (option Filter the client list in the Tools menu) searching for the Tuition-Rebate keyword to get a list of potentially affected clients who should be recalculated (Alt+F9).
New federal worksheets
For this version of the software, we have enhanced the GST/HST tax credit calculation worksheets to take into consideration the calculation of the provincial credit for the provinces of Ontario, Saskatchewan and British Columbia. The calculation that is required to determine whether or not to apply for the federal GST/HST tax credit will also take into consideration these calculations. The new worksheets are the following:
The above-mentioned worksheets are generated automatically to indicate the taxpayer's eligibility for the federal GST/HST tax credit and the corresponding provincial counterpart.
New notes and diagnosticsWarning - T1135"Foreign income (reminder): If the taxpayer owned foreign property at anytime in the tax year with a total cost of more than CAN$ 100,000, Form T1135 must be completed." When the taxpayer has an amount of foreign interest, dividends or other foreign investment income greater than CAN$3,000 and no Form T1135 has been completed, DT Max will generate a diagnostic message for the accountant to verify if Form T1135 is required to be completed for the taxpayer. This note serves as a reminder upon the review of the taxpayer's income tax return to confirm whether Form T1135 is required or not. 5844 - Disability amount (for self)"You claimed specific medical expenses for fees for a residential and long-term care centre. You cannot claim the disability tax credit if you claimed fees for a residential and long-term care centre. DT Max did not claim the disability amount (for self) on line 5844." Under usual circumstances, a taxpayer is not permitted to simultaneously claim the disability amount and the fees for a residential long-term care centre. DT Max has added this diagnostic warning when these two amounts are claimed in conjunction with one another for all provincial jurisdictions (except Quebec). Warning - TP-1086.R.23.12 (Quebec)"The program has detected the presence of maintenance and repairs in a business group. Verify whether Form TP-1086.R.23.12 should be completed." When the taxpayer has rental income and has had repairs done on one or several rental units, Form TP-1086.R.23.12 is required to report and identify the contractors that performed the work. Failure to complete and file this form could trigger an audit by Revenu Québec and a subsequent denial of the expenses related to the repair work. Enhancement of the TP1 comparative summary (Quebec)
Based on suggestions from our clients, we have enhanced the in-house form TP1 comparative summary by adding the following two new lines: DT Max T3New formsEngagement letter (in-house document)As of version 13.20, a standard engagement letter has been added to the client letter. 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. Modified formsFederal :
Warning : verifying carryforwardsAs always, we recommend that you verify your carryforwards carefully before processing your client files. New keywords
2) In the CapGainRefundCr keyword group, pertaining to federal form T184, Capital Gains Refund to a Mutual Fund Trust:
New options
Ont. capital gains refund of surtax for years 1996 to 1999 Deleted optionsOptions deleted from keyword Additional-Ref , under the CapGainRefundCr keyword group (when the option ''Ontario'' is selected in keyword CGRefund-Hist ): Total previous-year base amount March 26, 2010 |
