The latest DT Max program update is now available for downloading. It features the T1/TP-1 program for the tax years 2001 to 2011 inclusively and the T2 program for fiscal periods ending from 2001 to 2012 and fully supports corporation Internet filing (T2, CO-17 and AT1). Please note that in regard to the T1/TP-1 program, version 15.01 supports paper filing but does not support EFILE transmission due to its early release date. The EFILE module will be integrated in the next version of DT Max that will be stamped 15.10 and made available on CD-ROM and via www.dtmax.ca to all DT Max clients. This will take place as soon as we receive all relevant certifications towards the end of January or early February 2012. Furthermore, please be advised that this issue is an abridged version of the standard T1 " 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 15.10 of DT Max T1. In this version...
Version highlights
2. Dividends: Quebec data entry 3. Ontario Trillium Benefit 4. T1 General – Condensed 2011 Income Tax and Benefit Return New keywords New options Preliminary status advisory DT Max references (links to our Knowledge base)
Version highlights
2. Mandatory entry of North American Industry Classification System (NAICS) codes for active corporations 3. Barcodes on 2011 Quebec tax forms 4. Change affecting keyword SR&EDPOOLCF 5. Changes affecting registered charity information returns (federal and Quebec) Revised forms New keywords Deleted keywords New options Deleted options System changeNew features and technical changes1. Tagging keywords for review
2. Field review featureThis new feature allows you to tag fields for review on screen and save time and paper. The aim of this feature is to provide a system for users to tag fields on a tax return when reviewing for accuracy and completeness. The system is built around the concept of "Tags" attached to fields in the tax return. The following tags are available: For review The reviewer sees a potential problem and requires that checks be made to see if the information entered in the field is correct. Error The reviewer has determined that the information entered in the field is incorrect. Checked OK The reviewer has checked the return and believes that the information entered in the field is correct. Final Check The reviewer has checked the return and confirmed that the information entered in the field is correct. If the DT Max security features are being used, then only a user with the "Verify data and completed tax return" security right will be able to apply this tag. Besides being able to tag a field on the tax return, it is also possible to attach a brief note to the field (maximum of 400 characters). This can be used to provide details on why a field was tagged for revision or in error, for example. Please refer to the DT Max Knowledge base for additional details on the Field Review Feature. 3. Right-click menus on the Tax return screenDT Max T1Program certification
Federal: RC-11-119 Quebec: RQ11-TP55 Version highlights
1. NAICS changesFurther to the North American Industry Classification System (NAICS) update, the program will prompt you to choose the most appropriate code to describe the main revenue-generating business activity of the taxpayer. Use the keyword NAICS to enter the 6-digit numeric NAICS code that best describes the taxpayer's main revenue-generating business activity. N. B.: Make sure to re-enter the North American Industrial Classification System (NAICS) codes, as these codes have been modified. 2. Dividends: Quebec data entry
3. Ontario Trillium Benefit
4. T1 General – Condensed 2011 Income Tax and Benefit ReturnStarting with taxation year 2011, paper filed returns will require the mailing of the T1 General - Condensed version of the T1 return along with the supporting forms, schedules, and tax slips. The traditional four-page "jacket" as well as the schedules supported by Form T1-KFS (Keying Field Summary) are no longer required to be mailed to the CRA. This version fully supports the paper filing of the new T1 General – Condensed return. The program will automatically print the required forms when printing the Federal CRA destination. The T1 General – Condensed return is a 3-page abbreviated version of the computer-generated T1 General Return and includes an additional keying field summary form (T1-KFS). It supports the use of T1 bar codes on page 1 of the return and selected financial data bar codes on page 2. Form T1-KFS will include the keying fields from pages 3 and 4 of the 5-page T1 return as well as the keying fields from the federal, provincial, and the following territorial schedules and forms: a) Federal schedules and forms: – Schedule 1 - Federal Tax – Schedule 2 - Federal Amounts Transferred From Your Spouse or Common-Law Partner – Schedule 3 - Capital Gains (or Losses) in 2011 – Schedule 6 - Working Income Tax Benefit – Schedule 7 - RRSP Unused Contributions, Transfers, and HBP or LLP Activities – Schedule 8 - CPP Contributions on Self-Employment and Other Earnings – Schedule 9 - Donations and Gifts – Schedule 10 - Employment Insurance (EI) and Provincial Parental Insurance Plan (PPIP) Premiums – Schedule 11 - Tuition, Education, and Textbook Amounts – Schedule 13 - Employment Insurance Premiums on Self-Employment and Other Eligible Earnings – T1A - Request for Loss Carryback – T691 - Alternative Minimum Tax – T778 - Child Care Expenses Deduction for 2011 – T936 - Calculation of Cumulative Net Investment Loss (CNIL) to December 31, 2011 – T1170 - Capital Gains on Gifts of Certain Capital Property – T1206 - Tax on Split Income - 2011 – T1212 - Statement of Deferred Security Options Benefits – T2017 - Summary of Reserves on Dispositions of Capital Property – T2209 - Federal Foreign Tax Credits – T2222 - Northern Residents Deductions – T5004 - Claim for Tax Shelter Loss or Deduction – RC267 - Employee Contributions to a United States Retirement Plan for 2011 – Temporary Assignments – RC268 - Employee Contributions to a United States Retirement Plan for 2011 – Cross-Border Commuters – RC269 - Employee Contributions to a Foreign Pension Plan or Social Security Arrangement for 2011 – Non-United States Plans or Arrangements b) Provincial and territorial schedules (S2) and (S11) c) Provincial and territorial forms 428, 479 and ON-BEN Form T1-KFS, along with pages 1, 2 and 3 of the T1 General – Condensed return, will contain all the information needed to process the return manually should the CRA be unable to read the bar code(s) on page 1. Any forms not mentioned in the above list will also be required so the CRA can manually process the income tax return. New formsQuebec:
A new keyword group, Resource-Hist has been added in order to enter the relevant historical information needed to complete the form. Current-year dispositions of eligible resource property indicated on an RL-11 or RL-15 will be entered by the software within the TP-726.20.2. A new keyword, ResourceProp , has also been added to indicate current-year dispositions of eligible resource properties that do not originate from slips. In-house form:
The new DT Max in-house form “Marginal Tax Rate Calculation” provides you with the details with respect to the calculation of the federal and provincial marginal tax rates. New keywordsa) Arts-Amount : Fees paid relating to the cost of artistic, cultural, recreational, or developmental activity [Fed. L.370]
b) FIREFIGHTERS : The taxpayer is eligible to the volunteer firefighters' amount [Fed. L.362] [Que. L.390]
c) In the ProvCredit keyword group, pertaining to federal form PE 428 (Prince Edward Island Tax and Credits):
Use the keyword EquityTaxCr, within the ProvCredit keyword group, in order to claim the new Prince Edward Island equity tax credit for investments in eligible shares. Any unused credit will be carried forward to a future year. d) In the ProvCredit keyword group, pertaining to federal form MB 479 (Manitoba Credits):
Use the keyword CultIndus-TaxCr, within the ProvCredit keyword group, in order to input the new refundable tax credit, the cultural industries printing tax credit. The amount to enter is the tax credit itself, which represents 15% of the eligible printing revenue. e) Dwelling.h : Dwelling information (Schedule H)
New options
a) Self-employed commissions (T4A Box 020)
b) Fees for services (T4A Box 048)
c) Sales, commissions, or fees (Quick Method)
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 15.10: Federal:
– T1163 - STATEMENT A - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals – T1175 - FARMING - Calculation of Capital Cost Allowance (CCA) and Business-use-of-home Expenses – T1206 - Tax on Split Income - 2011 – T1273 - Statement A - Harmonized AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals – T1275 - AgriStability and AgriInvest Programs Additional Information and Adjustment Request – T2121 - Statement of Fishing Activities – T2203 - Provincial and Territorial Taxes for 2011 - Multiple Jurisdictions - T2222 - Northern Residents Deductions Quebec:
– TP-1026 - Calculation of Instalment Payments to Be Made by Individuals – 2011 – TP-1029.C.S.1 - Solidarity Tax Credit Application for New Residents of Quebec DT Max references (links to our Knowledge base)Please refer to these knowledge base topics for a detailed review of tax changes implemented: DT Max T1
DT Max T2Program certificationFederal: For DT Max T2 version 15.01, the federal barcodes and the Corporation Internet Filing module have received full CRA certification valid for taxation years ending up to and including April 30, 2012 under the DT24 stamp. Quebec: Version 15.01 has also undergone an authorization process with Revenu Québec for the paper (including barcode form COR-17.U) and EFILE versions of the CO-17 return, and has been approved under number RQCO-1102. Alberta: Likewise, this version has received full certification for the RSI's (Return and Schedule Information) from Alberta's Tax and Revenue Administration (TRA) under the DT24 stamp. New to this version is the Net File module that now allows the electronic filing of Alberta corporate tax returns to the TRA (see Version highlights below). Version highlights1. Net File for Alberta corporate income tax filersSince July 8, 2011, Tax and Revenue Administration (TRA) offers Alberta corporate income tax filers the option of filing returns in electronic format. Any corporation that meets the following criteria will be eligible to netfile its Alberta corporate income tax return: An electronic return in Net File format can be submitted by a taxpayer or a service provider. There is no access code or registration required. Keep in mind that although the TRA refers to its electronic filing service as Net File, DT Max still refers to it as an EFILE service. For information on how to set up DT Max for the electronic filing of Alberta corporate income tax returns, please refer to the Corporation Internet filing with Tax and Revenue Administration section in the DT Max help and knowledge base. 2. Mandatory entry of North American Industry Classification System (NAICS) codes for active corporationsThe integration of NAICS codes requires corporations to pick their main revenue-generating business activity. Active corporations that file their T2 returns either via the Internet or on paper using 2D bar codes must choose the most appropriate code to describe their main revenue-generating business activity. It is crucial that the most accurate business activity is selected the first time (using the keyword NAICS.act in the Activity keyword group), since the first year's code is carried forward to subsequent years, allowing for a simple validation of the description when no change in the main business activity occurs. Therefore, for subsequent years, the corporation should validate that the business description chosen for the last return filed is still accurate. If the last business description is still accurate, no further action will be required. The return may be transmitted electronically or printed in barcode format. If the last business description is not accurate, the corporation must select an updated business activity description. Failure to select the business activity will result in problems and errors when preparing the T2 return to be transmitted electronically or printed in barcode format. Should you have any questions to describe an active corporation's main revenue-generating business activity when filing the T2 return, please call the CRA Business Enquiries line at 1-800-959-5525. 3. Barcodes on 2011 Quebec tax formsStarting with version 15.01, most Quebec tax forms will include a barcode at the bottom that will facilitate their identification and their processing. 4. Change affecting keyword SR&EDPoolCFShould you have to use the keyword SR&EDPoolCF , we recommend that you activate the keyword in the data entry using the F11 key (or by clicking on the icon of the key with the plus sign, or by selecting Add keyword from the Edit menu), as this keyword which was part of a keyword group now stands alone. 5. Changes affecting registered charity information returns (federal and Quebec)Should you have to use the keyword SR&EDPoolCF , we recommend that you activate the keyword in the data entry using the F11 key (or by clicking on the icon of the key with the plus sign, or by selecting Add keyword from the Edit menu), as this keyword which was part of a keyword group now stands alone. New formsFederal: - Schedule 390 – Manitoba Cooperative Development Tax Credit (2010 and later tax years) Alberta: - AT1 Online Filing of the Alberta Corporation Income Tax Return Quebec: - CO-1029.8.36.CP – Tax Credit for the Construction of Public Access Roads and Bridges in Forest Areas - CO-1029.8.36.DA – Tax Credit for the Development of E-Business - CO-1029.8.36.DC – Election Respecting the Tax Credit for the Development of E-Business - CO-1029.8.36.PN – Tax Credit for Wages for an Innovation Project Revised forms
- Schedule 200 – T2 Corporation Income Tax Return - Schedule 9 – Related and Associated Corporations (2011 and later tax years) - Schedule 13 – Continuity of Reserves - Schedule 20 – Part XIV – Additional Tax on Non-Resident Corporations (2009 and later tax years) - Schedule 22 – Non-Resident Discretionary Trust - Schedule 27 – Calculation of Canadian Manufacturing and Processing Profits Deduction (2010 and later years) - Schedule 31 – Investment Tax Credit – Corporations (2010 and later taxation years) - Schedule 43 – Calculation of Parts IV.1 and VI.1 Taxes - Schedule 49 – Agreement Among Associated Canadian-Controlled Private Corporations to Allocate the Expenditure Limit (2010 and later tax years) - Schedule 141 – Notes Checklist (2004 and later taxation years) - Schedule 341 – Nova Scotia Corporate Tax Reduction for New Small Businesses (2012 and later tax years) - Schedule 346 – Nova Scotia Corporation Tax Calculation (2010 and later tax years) - Schedule 366 – New Brunswick Corporation Tax Calculation (2011 and later tax years) - Schedule 383 – Manitoba Corporation Tax Calculation (2011 and later tax year) - Schedule 404 – Saskatchewan Manufacturing and Processing Profits Tax Reduction (2006 and later taxation years) - Schedule 411 – Saskatchewan Corporation Tax Calculation (2009 and later tax years) - Schedule 427 – British Columbia Corporation Tax Calculation (2012 and later tax years) - Schedule 440 – Yukon Manufacturing and Processing Profits Tax Credit (2004 and later taxation years) - Schedule 443 – Yukon Corporation Tax Calculation (2011 and later tax years) - Schedule 500 – Ontario Corporation Tax Calculation (2010 and later tax years) - Schedule 525 – Ontario Political Contributions Tax Credit (2011 and later tax years) - Schedule 564 – Ontario Book Publishing Tax Credit (2009 and later tax years) - RC59 – Business Consent Form - T1044 – Non-Profit Organization (NPO) Information Return Alberta: - AT1 Alberta Corporate Income Tax Return - AT1 Schedule 10 – Alberta Loss Carry-Back Application Quebec: - CO-17 – Corporation Income Tax Return - CO-17.SP – Information and Income Tax Return for Non-Profit Corporations - COR-17.W – Sommaire des champs à saisir des déclarations des sociétés (Keying Summary for Corporation Returns) - CO-17.A.1 – Net Income for Income Tax Purposes - CO-17S.43 – Calculation of Parts IV.1 and VI.1 Taxes (2010 and later tax years) - CO-130.A – Capital Cost Allowance - CO-130.B – Deduction Respecting Incorporeal Capital Property - CO-737.18.18 – Exemption for Small and Medium-Sized Manufacturing Businesses in Remote Resource Regions - CO-771 – Calculation of the Income Tax of a Corporation - CO-771.1.3 – Associated Corporations' Agreement Respecting the Allocation of the Business Limit and Calculation of the Business Limit - CO-771.R.3 – Proportion of Business Carried On in Québec and Elsewhere - CO-786 – Patronage Dividend Deduction - CO-1029.8.33.6 – Tax Credit for an On-the-Job Training Period - CO-1029.8.33.13 – Tax Credit for the Reporting of Tips - CO-1029.8.35(2009-08) – Tax Credit for Quebec Film Productions (production for which no labour expenditure was incurred before January 1, 2009) N. B.: Please note that form CO-1029.8.35(2009-08) has undergone some drastic changes, and that the related keywords have been updated to reflect these changes. Therefore, we suggest that you re-enter the relevant information. - CO-1029.8.35(2009-02) – Tax Credit for Quebec Film Productions (production for which no labour expenditures were incurred before January 1, 2009, and after December 31, 2008) N. B.: No calculation support is offered for the above form. - CO-1029.8.35(2008-12) – Tax Credit for Quebec Film Productions (tax year ending before January 1st, 2009, or tax year ending after December 31st, 2008, and production for which no labour expenditure was incurred after this date) N. B.: No calculation support is offered for the above form. - CO-1029.8.36.5 – Tax Credit for a Design Activity Carried Out by an Outside Consultant N. B.: Please note that form CO-1029.8.36.5 has undergone some drastic changes, and that the related keywords have been updated to reflect these changes. Therefore, we suggest that you re-enter the relevant information. - CO-1029.8.36.7 – Tax Credit for an In-House Design Activity N. B.: Please note that form CO-1029.8.36.7 has undergone some drastic changes, and that the related keywords have been updated to reflect these changes. Therefore, we suggest that you re-enter the relevant information. - CO-1029.8.36.RV – Tax Credit for Job Creation in a Designated Region N. B.: An English version of this form is now available. - CO-1029.8.36.RX – Agreement Respecting the Tax Credit for Job Creation in a Designated Region N. B.: An English version of this form is now available. - CO-1138.1 – Agreement and Election Respecting the Deduction for Farming Corporations and Fishing Corporations - CO-1167 – Insurance Corporation – Calculation of premiums payable, taxable premiums, and tax on capital respecting marine insurance - CO-1175.4 – Life Insurance Corporation - FM-220.3 – Forest Producer's Application for a Property Tax Refund - RD-222 – Deduction Respecting Scientific Research and Experimental Development Expenditures - RD-1029.7 – Tax Credit for Salaries and Wages (R&D) - TP-1029.8.36.EC – Tax Credit for the Acquisition or Lease of a New Energy-Efficient Vehicle Manitoba: - Authorization or Cancellation of a Representative New keywordsIn the NonRes-Trans keyword group, pertaining to federal form T106 (Information Return of Non-Arm's Length Transactions with Non-Residents): Country.re : Country if not Canada Use the keyword Country.re to select the country. N. B.: Please note that this new keyword replaces COUNTRY.E and that the codes associated with this keyword are now made up of 3 characters. Therefore, you may need to re-enter the code. Please verify. Moreover, make sure to re-enter the 3-character codes as well for keyword CountryCode , and also to re-enter the North American Industrial Classification System (NAICS) codes for non- resident corporations in both NR-NAICS and NAICS , as these codes have been modified. In the Efile-Federal group, pertaining to the Online Filing of the Alberta Corporation Income Tax Return form: Efile-Alberta : Efile management of corporation's Alberta return (overrides efile setup) The keyword Efile-Alberta enables you to control the efiling of this client's Alberta income tax return. It also allows you to override the client's Alberta efile setup. In the Branch-Tax group, pertaining to federal Schedule 20 (Part XIV – Additional Tax on Non-Resident Corporations (2009 and later tax years)): a) Calc-PeriodEnd : Calculation period end as per subsection 20.2(1) "Calculation period" of an authorized foreign bank for a taxation year means any one of a series of regular periods into which the year is divided in a designation by the bank in its return of income for the year or, in the absence of such a designation, by the Minister, (1) none of which is longer than 31 days; (2) the first of which commences at the beginning of the year and the last of which ends at the end of the year; and (3) that are, unless the Minister otherwise agrees in writing, consistent with the calculation periods designated for the bank's preceding taxation year. b) Invest-Elements : Allowance for investments in property in Canada claimed for year Use this keyword to enter the formula elements in order to determine the allowance of an authorized bank for investments in property in Canada claimed for the year. In the Construct-Cr group, pertaining to Quebec form CO-1029.8.36.CP (Tax Credit for the Construction of Public Access Roads and Bridges in Forest Areas): a) SUBCONTRACTOR.CO : Name of subcontractor Use the keyword SUBCONTRACTOR.CO to enter the name of the subcontractor who carried out work on behalf of the corporation. b) STREET.CO : Street of the subcontractor Use the keyword STREET.CO to enter the street of the subcontractor who carried out work on behalf of the corporation. c) CITY.CO : City of the subcontractor Use the keyword CITY.CO to enter the city of the subcontractor who carried out work on behalf of the corporation. d) PROVINCE.CO : Province of the subcontractor Use the keyword PROVINCE.CO to enter the province of the subcontractor who carried out work on behalf of the corporation. e) POSTCODE.CO : Postal code of the subcontractor Use the keyword POSTCODE.CO to enter the postal code of the subcontractor who carried out work on behalf of the corporation. f) QST.CO : QST identification number of the subcontractor Use the keyword QST.CO to enter the QST identification number of the subcontractor who carried out work on behalf of the corporation. g) SIN.CO : SIN of the subcontractor Use the keyword SIN.CO to enter the social insurance number of the subcontractor who carried out work on behalf of the corporation. h) CONS-TOT.CO : Total amount of consideration for contract Use the keyword CONS-TOT.CO to enter the total amount of the consideration provided for in the contract. i) CONS-POR.CO : Amount of consideration paid Use the keyword CONS-POR.CO to enter the amount of the consideration paid by the corporation to the subcontractor. j) Construct-Cr : Tax credit for the construction of public access roads and bridges in forest areas (CO-1029.8.36.CP) Use the keyword Construct-Cr if the corporation wishes to claim the tax credit for the construction of public access roads and bridges in forest areas (CO-1029.8.36.CP). k) PARTNER-INFO.CO : Type of relationship partnership is involved in Use the keyword PARTNER-INFO.CO to indicate whether the partnership is an eligible partnership whereby the corporation is a member, an intermediary partnership whereby the corporation is a member, or an eligible partnership whereby the corporation is a member by an intermediary partnership. l) PARTNER-NAME.CO : Partnership's name Enter the name of the partnership using the keyword PARTNER-NAME.CO, for purposes of Quebec form CO-1029.8.36.CP. The same name must also be entered in the keyword Name.re within the RelatedParty group in order to allow entry of other data pertaining to the partnership. m) Name.co : Name of the access road or bridge Use the keyword Name.co to enter the name of the access road or bridge. n) CERTNUMBER : Certificate number Use the keyword CERTNUMBER to enter the certificate number that appears on the qualification certificate issued by the Ministère des Ressources naturelles et de la Faune (MRNF). o) IDENTNUMBER : Annual forest management plan identification number Use the keyword IDENTNUMBER to enter the annual forest management plan identification number that appears on the qualification certificate issued by the Ministère des Ressources naturelles et de la Faune (MRNF). p) DATEISSUE : Date of issue Use the keyword DATEISSUE to enter the date of issue that appears on the qualification certificate issued by the Ministère des Ressources naturelles et de la Faune (MRNF). q) EXPENSEPERIOD : Period in which the expenses were incurred Use the keyword EXPENSEPERIOD to indicate the period in which the expenses were incurred. r) SALARIES.CO : Salaries or wages incurred and paid Use the keyword SALARIES.CO to enter the salaries and wages incurred and paid. s) COST-PROPERTY : Cost of property paid for and consumed Use the keyword COST-PROPERTY to enter the cost of property paid for and consumed. t) ASSISTANCE.CO : Assistance, benefit or advantage received Use the keyword ASSISTANCE.CO to enter the amount of assistance, benefit or advantage received. u) REPAYMENT.CO : Assistance, benefit or advantage repaid Use the keyword REPAYMENT.CO to enter the amount of assistance, benefit or advantage repaid or deemed repaid by the corporation in the year and related to a previous year's expenses. In the Design-Cr group, pertaining to Quebec form CO-1029.8.36.7 (Tax Credit for an In-House Design Activity): a) Design-WagesCr : Employee's salary or wages – other tax credit Use the keyword Design-WagesCr if a portion of the wages incurred during the period covered by the certificate and paid to the qualified employee (line 10) entitled the corporation to another tax credit, or if this portion may entitle an individual or a member of a partnership other than the qualified corporation to a tax credit. b) Design-Cr : Indicate source of design work for Quebec Use the keyword Design-Cr if the corporation wishes to claim the tax credit for an in-house design activity (CO-1029.8.36.7). In the new E-Business group, pertaining to Quebec form CO-1029.8.36.DA (Tax Credit for the Development of E-Business): a) Wages.ebus : Enter wages incurred with respect to a particular employee Enter the amount of qualified wages incurred during the period covered by the certificate and paid to the eligible employee. b) E-Bus-WagesCr : Employee's salary or wages – other tax credit Use the keyword E-Bus-WagesCr if a portion of the wages incurred in the period covered by the certificate and paid to the eligible employee (line 20) allowed the corporation to receive another tax credit or if such an amount gave a person or partnership other than the corporation entitlement to a tax credit. c) E-Business : Tax credit for the development of e-business Use the keyword E-Business if the corporation wishes to claim the tax credit for the development of E-business (CO-1029.8.36.DA). d) NameEmployee : Name of the employee Use the keyword NameEmployee to enter the name of the employee with regard to which the corporation is claiming a credit. In the DesignCrQ group, pertaining to Quebec form CO-1029.8.36.5 (Tax Credit for a Design Activity Carried Out by an Outside Consultant): a) More-Info.des : Additional information Use the keyword More-Info.des to enter additional address information. This will be line two of the address. b) City.des : City Use the keyword City.des to enter the city name. DT Max will not check the spelling of the city name. c) Province.des : Province Use the keyword Province.des to select the province. d) State.des : State Use the keyword State.des to select the state. e) COUNTRY.DES : Country if not Canada Use the keyword COUNTRY.DES to select the country. f) PostCode : Postal code Use the keyword PostCode.des to enter the postal code. DT Max will make sure that it is in the correct format and will always enter the alphabetic portions in upper cases. g) ZIPCode.des : U.S.A zip code Use the keyword ZIPCode.des to enter the zip code. h) For-Post.des : Foreign postal code Use the keyword For-Post.des to enter the foreign postal code. i) Des-WagesCr : Employee's salary or wages – other tax credit Use the keyword Des-WagesCr if the paid portion of the contract cost attributable to wages paid by the qualified outside consultant to a qualified employee (line 10) entitled the corporation to another tax credit, or if this portion may entitle an individual or a member of a partnership other than the qualified corporation to a tax credit. j) ApparentPaymt : Apparent payment received (line 33) Apparent payment is defined as an amount that the qualified corporation or a person not dealing at arm's length with the corporation has received or should receive from a qualified outside consultant for the use of premises, facilities or equipment or the provision of services no later than six months after the end of the period covered by this form. This amount must be included in the cost of the contract entered with the qualified outside consultant. This concept also applies to a partnership, with necessary modifications. In the Coop-Development group, pertaining to federal Schedule 390 (Manitoba Cooperative Development Tax Credit (2010 and later tax years)): a) Coop-Development : Cooperative development tax credit Use the keyword Coop-Development to enter information concerning the Manitoba cooperative development tax credit for purposes of federal Schedule 390. b) Receipt-Number : Receipt number Use the keyword Receipt-Number to enter the receipt number found on Form T2CDTC(MB). c) Date-Contribution : Date of the contribution Use the keyword Date-Contribution to enter the date of the contribution found on Form T2CDTC(MB). d) Amt-Contribution : Amount of contribution Use the keyword Amt-Contribution to enter the amount of contribution found on Form T2CDTC(MB). e) Amount-CF.cd : Amount and year of origin of tax credit to carry forward Use the keyword Amount-CF.cd to enter the amount of the cooperative development tax credit to carry forward into the current year and the year in which the credit originated. The corporation may carry forward the tax credit for a maximum of 10 years. f) Amount-CB.cd : Tax year the credit was applied to and desired carryback amount Use the keyword Amount-CB.cd to request a carryback of the cooperative development tax credit earned in the current year. The corporation may carry back the current-year tax credit earned for a maximum of 3 years. g) Credit-OV.cd : Credit claimed in the current year / ov Use the keyword Credit-OV.cd to override the cooperative development tax credit claimed in the current year as calculated by DT Max. In the SR&ED group, pertaining to Quebec form RD-222 (Deduction Respecting Scientific Research and Experimental Development Expenditures): a) SIN.c : Social insurance number of contractor (RD-222) Use the keyword SIN.c to enter the social insurance number of the contractor who performed the SR&ED work. This information will appear on Quebec form RD-222. b) Contribution.R&D : Amount of contributions to agricultural organizations for SR&ED [F103] Use the keyword Contribution.R&D to indicate the amount of contributions in the current year to agricultural organizations whose goal is to finance SR&ED work. In the CorpOfficers group, pertaining to Quebec form CO-17 (Corporation Income Tax Return): TrustNumberQ : Quebec trust number of shareholder If the shareholder is a trust, use the keyword TrustNumberQ to enter the trust number. The format of the trust number is "AAAAA NNNNNNN". In the StatusChange group, pertaining to Quebec form CO-17 (Corporation Income Tax Return): TaxAttr-Trans : Whether the tax attributes of the subsidiary were transferred to corporation If the corporation wound-up one or more of its subsidiaries during the year, use TaxAttr-Trans to indicate if the tax attributes of the wound-up Canadian subsidiary or subsidiaries were transferred to the corporation. In the GIFI group, pertaining to federal Schedule 141 (Notes Checklist (2004 and later taxation years)): a) Impair&FVChange : Whether amts in income are recognized as asset impairment loss or fair value changes Use the keyword Impair&FVChange to indicate that there is an amount recognized in net income or other comprehensive income (OCI) as a result of an impairment loss in the year, a reversal of an impairment loss recognized in a previous year, or a change in fair value during the year for assets. b) In-NetIncome : Asset amount recognized in net income: increase (+), decrease (-) Use the keyword In-NetIncome to enter the amount recognized in net income for the specific asset as a result of an impairment loss in the year, a reversal of an impairment loss recognized in a previous year, or a change in fair value during the year. Enter an increase using a positive amount and a decrease using a negative amount. c) In-OCI : Asset amount recognized in other comprehensive income: increase (+), decrease (-) Use the keyword In-OCI to enter the amount recognized in other comprehensive income for the specific asset as a result of an impairment loss in the year, a reversal of an impairment loss recognized in a previous year, or a change in fair value during the year. Enter an increase using a positive amount and a decrease using a negative amount. In the new AlbEFile-Result group, pertaining to the Online Filing of the Alberta Corporation Income Tax Return form: a) AlbEFile-Result : Transmission results Upon completion of an efile session, DT Max will automatically enter any results in the keyword ALBEFILE-RESULT. b) Error-Code.alb : Alberta efile error codes DT Max will automatically enter any Alberta efile error codes in the keyword ERROR-CODE.ALB. In the Jurisdiction group, pertaining to both the AT1 Alberta Corporate Income Tax Return and the AT1 Schedule 10 (Alberta Loss Carry-Back Application): Exchange-Rate : Average exchange rate If a functional currency is used, other than Canadian, use the keyword Exchange-Rate to enter the average exchange rate for calculation (functional currency converting to Canadian currency). In the Activity group, pertaining to federal Schedule 200 (T2 Corporation Income Tax Return): NAICS.act : North American Industrial Classification System code Use the keyword NAICS.act to enter the 6-digit numeric NAICS code that best describes the corporation's main revenue-generating business activity. N. B.: Make sure to re-enter the North American Industrial Classification System (NAICS) codes, as these codes have been modified. In the Consent group, pertaining to the Manitoba Authorization or Cancellation of a Representative form: a) TAXcessConsent : Cancel TAXcess consent for a specific representative – MB TAXcess is Manitoba's online tax service which allows businesses to access their accounts 24 hours a day, seven days a week in a secure, online environment. Use the keyword TAXcessConsent to cancel TAXcess authorization for a specific individual or firm. b) TAXcess-UserID : TAXcess "sign-in" user identification – MB Use the keyword TAXcess-UserID to enter the TAXcess "sign-in" user identification. In the INNOVATION group, pertaining to Quebec form CO-1029.8.36.PN (Tax Credit for Wages for an Innovation Project): a) WAGES.INNO : Wages incurred with respect to an eligible employee Enter the amount of qualified wages incurred during the eligibility period and paid to the eligible employee and the total wages paid in the year to the employee while the employee was eligible. b) INNO-WAGESCR : Employee's qualified wages – other tax credit Use the keyword INNO-WAGESCR if a portion of the wages incurred during the eligibility period and paid to the eligible employee (line 20) allowed the corporation to benefit from another tax credit or if such an amount gave a person or partnership other than the corporation entitlement to a tax credit. c) ASSIST-INFO.E : Amounts related to the repayment of an amount of assistance Use the keyword ASSIST-INFO.E to enter assistance information in order to calculate the tax credit for wages for an innovation project related to the repayment of an amount of assistance. d) STARTDATE : Start date of eligibility period Use the keyword STARTDATE to enter the start date of the corporation's eligibility period. e) ENDDATE : End date of eligibility period Use the keyword ENDDATE to enter the end date of the corporation's eligibility period. f) CENTRE : Corporation carries out innovation project in an ITDC, NEC or BDC Use the keyword CENTRE to specify the centre in which the corporation operates a business carrying out an innovation project. g) NAMEEMPLOYEE.I : Name of the employee Use the keyword NAMEEMPLOYEE.I to enter the name of the employee with respect to whom the corporation is claiming a credit. h) CREDITRATE.I : Tax credit rate The tax credit rate is 40% for a corporation operating a business carrying out an innovation project in an ITDC, a NEC or a BDC and holding an unrevoked certificate issued by Investissement Québec, or having applied for such a certificate in writing before June 12, 2003, for an ITDC or a NEC, or before March 30, 2004, for a BDC; 30% for a corporation operating a business carrying out an innovation project in a BDC, provided that either: – the unrevoked certificate issued by Investissement Québec mentions that rate; or – control of the corporation was acquired after June 11, 2003, by a person or a group of persons, at the beginning of the taxation year or in a previous taxation year. For more information, see section 1029.8.36.0.21.2 of the Taxation Act. Deleted keywordsIn the new group header Design-Cr (old EMPLDESIGNER group header) pertaining to Quebec form CO-1029.8.36.7 (Tax Credit for an In-House Design Activity): WAGES-PERIOD : Period when designer wages were incurred In the DesignCrQ group, pertaining to Quebec form CO-1029.8.36.5 (Tax Credit for a Design Activity Carried Out by an Outside Consultant): CONTR-PERIOD : Period when the contract was entered into In the Activity group, pertaining to federal Schedule 200 (T2 Corporation Income Tax Return): RESALECODE : Resale code, if major activity is resale of goods In the ProvTaxReduc group : a) EXEMPT-START : Beginning of exemption period b) EXEMPT-END : End of exemption period c) ELIGBUSINESS : If corp's activities almost entirely were of elig. business d) MEMB-JOINTV : If corp. carried on elig. business as member of joint venture e) BENEF-TRUST : If corp. was beneficiary of a trust f) CONT-ACTVBUS : If elig. business a result of acquiring/renting prev. bus. prop. New optionsFor keyword CountryCode :
ALA Aland Islands ALB Albania (...) ZMB Zambia ZWE Zimbabwe For new keyword Invest-Elements :
Cost amount of each asset Bank liabilities Bank branch advances Amount claimed by bank (column H override) Reserves for doubtful debts Reserves for capital gains Unpaid federal Part I tax Unpaid provincial income tax For new keyword Construct-Cr :
Construction of bridge in forest area For new keywords EXPENSEPERIOD and REPAYMENT.CO :
After Oct. 22, 2006 and before Jan. 1, 2011 After Dec. 31, 2010 and before Jan. 1, 2012 After Dec. 31, 2011 and before Jan. 1, 2013 After Dec. 31, 2012 and before Apr. 1, 2013 New option for new keyword Design-Cr : In-house design activity For keyword FixdAssetRec , pertaining to federal Schedule 8 (Capital Cost Allowance (CCA) (2006 and later years) – Reconciliation):
Book loss on disposal of fixed assets Book gain on disposal of fixed assets For keyword CSST-CONTRIB : Adjustment – insurable income for CSST (2011) For keyword Premiums , pertaining to Quebec form CO-1167 (Insurance Corporation – Calculation of premiums payable, taxable premiums, and tax on capital respecting marine insurance): Marine insurance premiums payable For keyword ProvCreditOV , pertaining to federal Schedule 5 (Tax Calculation Supplementary – Corporations (2010 and later tax years)):
Cultural industries printing tax credit – Man. For keyword Net-Inc-Add , pertaining to federal Schedule 1 (Net Income (Loss) for Income Tax Purposes (2009 and later tax years)):
Co-operative education tax credit – Sch. 550 Partnership income elig. for tax relief – prev. yr Book publishing tax credit – Sch. 564 For keyword Net-Inc-Ded , pertaining to federal Schedule 1 (Net Income (Loss) for Income Tax Purposes (2009 and later tax years)): Partnership income elig. for tax relief – curr. yr For keyword GIFI-Other , pertaining to federal Schedule 141 (Notes Checklist (2004 and later taxation years)):
255 Hedge accounting applied 260 Hedge accounting discontinued 265 Adjustments to opening equity For keyword Assistance , pertaining to Quebec form CO-1029.8.35(2009-08) (Tax Credit for Quebec Film Productions (production for which no labour expenditure was incurred before January 1, 2009)):
Assist., benefit or advantage – individuals (2nd level) Assist. corp. whole cap. stock owned by indiv. (1st level) Assist. corp. whole cap. stock owned by indiv. (2nd level) Assistance, benefit or advantage – corp. (1st level) Assistance, benefit or advantage – corp. (2nd level) Assistance, benefit or advantage – partnership (1st level) Assistance, benefit or advantage – partnership (2nd level) For keyword Remuneration , pertaining to Quebec form CO-1029.8.35(2009-08) (Tax Credit for Quebec Film Productions (production for which no labour expenditure was incurred before January 1, 2009)):
Remuneration paid to individuals (2nd level) Remuneration paid to corporations (1st level) Remuneration paid to corporations (2nd level) Remuneration paid to partnerships (1st level) Remuneration paid to partnerships (2nd level) Rem. to corp. whole cap. stock owned by indiv. (1st level) Rem. to corp. whole cap. stock owned by indiv. (2nd level) 1st level remuneration, 1st method (portion of line 18) 2nd level remuneration, 1st method (portion of line 24) Rem. according to 2nd method (portion of line 30) For keyword Labour-Exp.f , pertaining to Quebec form CO-1029.8.35(2009-08) (Tax Credit for Quebec Film Productions (production for which no labour expenditure was incurred before January 1, 2009)):
Qualified labour expenditures – Quebec (2nd method) Qual. exp. for services rendered outside Montreal Qual. exp. for special effects & animation For keyword StatusChange , pertaining to federal Schedule 200 (T2 Corporation Income Tax Return):
For keyword Que-Credits , pertaining to Quebec form CO-17 (Corporation Income Tax Return):
Deleted optionsFor keyword ProvCreditOV , pertaining to federal Schedule 5 (Tax Calculation Supplementary – Corporations (2010 and later tax years)):
Cooperative development refundable cr. – Man. For keyword GIFI-Other , pertaining to federal Schedule 141 (Notes Checklist (2004 and later taxation years)):
Changes in accounting policies Filing statements of joint venture/partn. For keyword Labour-Exp.f , pertaining to Quebec form CO-1029.8.35(2009-08) (Tax Credit for Quebec Film Productions (production for which no labour expenditure was incurred before January 1, 2009)):
Qualified labour expenditures – (after Dec. 31, 2008) Qual. exp. for services rendered outside Mtl Qual. exp. for special effects and animation For keyword StatusChange , pertaining to federal Schedule 200 (T2 Corporation Income Tax Return):
For keyword TaxHoliday :
For keyword TAX-INC-DED , pertaining to Quebec form CO-17 (Corporation Income Tax Return):
Income from a qualified investment fund For Cred-Film , pertaining to Quebec form CO-1029.8.35(2009-08) (Tax Credit for Quebec Film Productions (production for which no labour expenditure was incurred before January 1, 2009)):
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