  What’s new for T1 version 15.10? |
DT Max version 15.10 is a CD release that features the T1/TP-1 program for tax years 2001 to 2011, and fully supports T1/TP-1 Efile.
Please note that all program versions are first made available on the Internet.
In this version...
About your DT Max licence key
As this release inaugurates a new production year, a valid licence key must be installed in order to have access to the latest calculation module for DT Max T1, that is to say for year 2011. If the registered licence key is expired, the following warning message will be displayed on the startup 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."
1. Program certification
DT Max is certified for paper filing under the following authorization numbers:
Federal: RC-11-119
Quebec: RQ11-TP55
2. Version highlights
3. Form in preliminary version
- Estimated Ontario Trillium Benefit (OTB) per month from July 2012 to June 2013 (in-house form to be implemented after version 15.10)
4. New keywords
- Que-Paid-Method : Indicate the method of payment (regarding your balance of tax payable to Revenu Québec)
- Bill-GST-HST-OV : Select the applicable tax to charge (if different from the billing setup)
Use the Bill-GST-HST-OV keyword group and select the applicable tax to use for your situation.
Charging Sales Tax:
Do you sell goods or provide services in Canada? If so, you are required to collect sales tax from your customers on many of the items they purchase.
Depending on the province or territory in which you operate your business, you need to collect either:
- a combination of GST and PST
- GST only
- HST
Charging sales tax to out-of-province customers:
If you are a vendor in one province or territory and you make sales to residents of another province or territory, what sales taxes do you charge them? When you sell and ship or deliver taxable goods and services to out-of-province/territory customers, the sales tax that applies in your customer's province or territory is generally applicable.
- HST-Rate.b : HST rate to use
- HST-Number.b : HST registration number (if different from the billing setup)
- GST-Rate.b : GST rate to use
- PST-Rate.b : PST rate to use
- App-GSTbeforePST : Apply GST before applying PST?
- GST-Number.b : GST registration number (if different from the billing setup)
- PST-Number.b : PST registration number (if different from the billing setup)
- RQ-DownloadCode : Enter the Revenu Québec download code to download the taxpayer’s tax data (TPZ-601-V).
The other features completing the Tax Data Download will be available in a subsequent version of DT Max in the upcoming weeks. The Tax Data Download service will be available starting on March 5, 2012.
- In the T4 keyword group
- Elig-Ret-All.t4 : T4 Box 66 - Eligible retiring allowances (RL-1 box O {RJ}) [Fed. L.130] [Que. L.154]
Use the keyword Elig-Ret-All.t4 to enter the eligible retiring allowances received as per box 66 of the T4 slip.
- Non-Elig-Ret.t4 : T4 Box 67 – Non-eligible retiring allowances (RL-1 box O {RJ}) [Fed. L.130] [Que. L.154]
Use the keyword Non-Elig-Ret.t4 to enter the amount of non-eligible retiring allowances received as per box 67 of the T4 slip.
- FIREFIGHTERS : The taxpayer is eligible to the volunteer firefighters' amount [Fed. L.362] [Que. L.390]
Use the keyword FIREFIGHTERS to indicate the taxpayer is eligible to the volunteer firefighters' amount.
You can claim an amount of $3,000 on federal line 362 if the taxpayer meets the following conditions:
- the taxpayer was a volunteer firefighter during the year, and
- the taxpayer completed at least 200 hours of eligible volunteer firefighting services with one or more fire departments in the year.
However, if the taxpayer provided services to the same fire department, other than as a volunteer, for the same or similar duties, you cannot include any hours related to that department in determining if the taxpayer has met the 200-hour threshold.
If the conditions are met in Quebec, you may claim a $480 non-refundable tax credit amount on line 390, which corresponds to 16% of a $3,000 amount.
- In the T5013 keyword group:
- CAPGAIN-RESOURCE : RL-15 Box 45 - Eligible taxable capital gains amount on resource property
This is the eligible taxable capital gains amount on resource property as indicated in box 45 of the RL-15.
DT Max will report the eligible taxable capital gains amount on resource property on lines 27 and 60 of the TP-726.20.2-V, Capital Gains Deduction on Resource Property.
- In the T4A keyword group:
- Fees-Services : T4A Box 048 - Fees for services (report this amount as business income)
Enter the amount of fees for services as shown in box 048 of the T4A slip.
- ResourceProp : Type of resource property [TP-726.20.2] (N. B.: This is a new keyword group)
Use the keyword ResourceProp to enter the information to generate Form TP-726.20.2.
A capital gains deduction on resource property may be claimed on line 292 of the Quebec tax return by an individual for the year in which he or she realized such gains and provided that certain conditions are met.
In order to claim a capital gains deduction on resource property, a taxpayer must have realized a taxable capital gain on resource property.
The amount of the capital gains deduction on resource property is limited:
- to the amount of the taxable capital gain appearing on line 139 of the Quebec tax return. Therefore, you are not required to fill out Form TP-726.20.2 if the capital losses exceed the capital gains for the year, even if you realized a capital gain on the disposition of resource property, or
- to the cumulative amount of exploration expenses incurred in Quebec for the current year and the previous years minus the assistance received for these expenses and minus twice the cumulative amount of the capital gains deductions on resource property from the previous years.
- Resource-Hist : Limit on exploration expenses incurred in Quebec [TP-726.20.2] (N. B.: This is a new keyword group)
- Arts-Amount : Fees paid relating to the cost of artistic, cultural, recreational, or developmental activity [Fed. L.370]
Use the keyword Arts-Amount to enter the fees paid relating to the cost of registration or membership of your or your spouse's or common-law partner's child in a prescribed program of artistic, cultural, recreational, or developmental activity.
Starting in 2011, the federal proposes to allow parents to claim a non-refundable tax credit of up to $500 in eligible fees of registration or membership for each child in a prescribed program.
Note that those expenses could qualify to be claimed as child care expenses (line 214) and the children's arts amount. If this is the case, they must be claimed as child care expenses. Any unused part can be claimed for the children's arts amount as long as the requirements are met.
If the child qualifies for the disability amount and is under 18 years of age at the beginning of the year, an additional amount of $500 can be claimed, provided that a minimum of $100 is paid in registration or membership fees for a prescribed program of arts activities.
It is essential that the expenses be entered in the file of the child for whom they were incurred. This will enable DT Max to perform the calculation correctly.
Who is an eligible child?
For the federal, an eligible child is:
- one who is under 16 years of age (or 18 if the child has a disability) at the beginning of the year;
- the taxpayer's child by blood, marriage, common-law partnership, or adoption;
- dependent on the taxpayer for support and under their custody and control; or
- a spouse or common-law partner of the taxpayer's child.
If you wish to transfer or share the deduction between parents, use the keyword Transfer-OV . However, the total expenses claimed for each child cannot exceed the maximum allowed.
DT Max will claim on line 370 of the federal return the total amount for all eligible children.
- In the ProvCredit keyword group, pertaining to the Manitoba cultural industries printing tax credit:
- CultIndus-TaxCr : Cultural industries printing tax credit (Line 6148, MB479)
Use the keyword CultIndus-TaxCr to enter the cultural industries printing tax credit.
You can claim this credit if the taxpayer was a resident of Manitoba at the end of the year and he/she met the following conditions:
- the business activity is to print, assemble, and bind books; and
- the taxpayer received eligible printing revenue after April 12, 2011.
Eligible printing revenue is the amount the taxpayer received from a publisher who is resident in Canada for the service provided in Manitoba after April 12, 2011. The service is the printing, assembling, or binding of a book, that is eligible for the book publishing tax credit or would be eligible for that tax credit if the book was a first edition.
The amount of the credit you can claim is 15% of the eligible printing revenue. DT Max will enter the amount of the credit on line 63 of Form MB479.
- In the Tuition-Edu keyword group, pertaining to the Quebec solidarity tax credit:
Solid-Received : Solidarity tax credit received in the taxation year (Schedule S L.10)
Use the keyword Solid-Received to enter the solidarity tax credit received in the year (Schedule S L.10).
This amount will be reported on line 10 of Schedule S and will reduce the amount that can be transferred by a child aged 18 or over enrolled in post-secondary studies.
- In the Dwelling.h keyword group, pertaining to the Quebec tax credit for caregivers:
- Dwelling.h : Dwelling information (Schedule H)
Use the keyword Dwelling.h to enter information about the dwelling (Schedule H).
- Dwelling-Owner : Select the person who is the owner, lessee or sublessee of the dwelling (Schedule H)
Use the keyword Dwelling-Owner to indicate who is the owner, lessee or sublessee of the dwelling.
- Dwelling-Add.h : Address of the dwelling (if different from mailing address)
- Dwell-PostalCode : Postal code of the dwelling (if different from mailing address)
- ELIGIBLE.H : Eligible person for the caregiver tax credit (Schedule H)
- In the Enclosed keyword group, pertaining to the Quebec tax return:
- Que-Paid-Time : Indicate when the individual will pay the balance due (if not enclosed with the return)
Use the keyword Que-Paid-Time to indicate when the individual will pay the balance due.
If the individual has a balance due, he or she must indicate whether he or she wishes to pay it within the next 5 days or at a later date. Furthermore, he or she must specify the method of payment, should the balance due be paid within the next 5 days.
5. New options
- For keyword Optimize :
T1 - Support payments(F220) vs. Spouse amt(F303)/Elig. dependant(F305)
T1 - Volunteer firefighters' amount (F362)
TP1 - Firefighters' tax credit (Q390)
MB428 - Fitness amount
- For keyword Transfer-OV :
T1 - Children's arts amount (F370)
- For keyword Donations :
Donations made to prescribed universities outside Canada
Donations made to the United Nations, its agencies
- For keyword IndianExempt :
Exempt CPP/QPP benefits
Exempt workers' compensation benefits
- In the T4A group:
- For keyword Other-Income.t :
[105] F130 Post-doctoral fellowships [RB]
- For keyword Footnotes.t :
Note - Expenses related to research grant
- For keyword Pension :
Saskatchewan Pension Plan - SPP
- For keyword Lump-Sum-Pmt :
[108] Amount rolled over from a RPP to a RDSP
[158] Lump-sum payments that you cannot transfer
- In the T4RSP group, for keyword Other-Income.t :
Amount rolled over from a deceased RRSP to a RDSP
- In the T4RIF group, for keyword Other-Income.t :
Amount rolled over from a deceased RRIF to a RDSP
- In the T5013 group, for keyword Footnotes.t :
Note - Patronage dividends - redemption of preferred shares
- In the Business group, for keyword Income.bus :
Sales, commissions, or fees (Quick Method)
Self-employed commissions (T4A Box 020)
Fees for services (T4A Box 048)
- In the Moving group, for keyword Address.move :
Address of the new residence (use current address)
- In the T1206 group, for keyword SPLIT-INCOME :
Capital gain on disposition made after March 21, 2011
Amount of capital gains reserve for 2011
Gains from box 21 of T3 slip (relating to such disp.)
- For keyword Child-Weeks :
Spouse non-resident - Claim the child care expenses
- In the Drug-Insur keyword group pertaining to Quebec residents, for keyword Situation :
[code 27] Age + 65, and L.148 > 7,856$
[code 28] Age + 65, spouse age + 65 and L.148 > 5,200$
- In the TP-1012.B keyword group pertaining to Quebec form TP-1012.B (Carry-Back of a Deduction or Tax Credit), for keyword Carry-Back :
TP-1012.B - Losses from an office or employment
TP-1012.B - Repayment of certain government benefits
- For keywords ENERGY-SOURCE and ENERGY-SOURCE.CA pertaining to Quebec form TP-1029.8.36.EC (Tax Credit for the Acquisition or Lease of a New Energy-Efficient Vehicle) :
Extended-range rech. hybrid vehicle (16kWh) Af. March 17
Extended-range rech. hybrid vehicle (17kWh) Af. March 17
- In the Business keyword group, for keyword NAICS :
111110 Soybean Farming
111120 Oilseed (except Soybean) Farming
111130 Dry Pea and Bean Farming
(...)
N. B.: As mentioned in our previous "What’s new" for version 15.01, please make sure to re-enter the North American Industrial Classification System (NAICS) codes, as these codes have been modified.
6. Enhancements to existing keywords and forms
- The GST-Rebate and QST-Rebate keywords have been added within the Employment-Exp keyword group, option "TL2 Meals and lodging – Simplified (TP-66)". This will enable the automatic calculation of the GST rebate (GST 370) and the QST rebate (VD-358) for eligible expenses.
- New assets purchased in the year are now appearing on the Assets summary in-house forms (federal and Quebec).
7. Notes and reminders
- Efile
- 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, represent the client 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.
- Pre-bankruptcy return
Please note that you must paper file CRA's Form DC905 prior to submitting a pre-bankrupcy return to the federal government via Efile.
- Messages from Revenu Québec
- Deceased persons and bankruptcy returns for 2011
Starting in February (date to be confirmed), the tax returns for deceased persons as well as bankruptcy returns for tax year 2011 that are filed with the 2010 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 15.01 and subsequent.
- Do you really want to print this return?
The NetFile Québec online filing service will quickly send you confirmation of receipt.
3.5 million people have already used this easy, effective and environmentally-friendly service.
To track the processing status of their income tax returns at any time, your client can use My Account, which is available on our website at
www.revenuquebec.ca.
- Tax Data Download service
The implementation of the Tax Data Download (TDD) service (tax preparer component) will allow tax preparers accredited by Revenu Québec and using a certified tax software to download taxpayers' tax data, for which these taxpayers have obtained a downloading code. The tax data downloaded by a preparer using a professional software will be the following: the RL-1, RL-2, RL-3, RL-5, RL-6, RL-7, RL-8, RL-10, RL-16, RL-19, RL-22, RL-25, T4A(OAS), T4E and RC62 slips, the instalments payments made, and the interests paid by Revenu Québec (for 2011).
A tax preparer wishing to download a taxpayer's tax data will first have to authenticate himself/herself in the certified professional tax software by entering his or her tax preparer access code, the tax preparer number, the SIN of the taxpayer whom he or she is representing and the taxpayer's downloading code.
For taxation year 2011, only one software developer (DT Max) has confirmed its participation and will offer the new TDD service with the tax preparer component. As part of this project, Revenu Québec has identified the preparers who have electronically filed returns using this developer's tax software for taxation year 2010. Their clients (the taxpayers) have also been identified and have received in their 2011 tax package their downloading codes that they will be providing to their tax preparers.
Please note that the Tax Data Download service will be available starting on March 5, 2012.
- 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.
- Carryforwards
As always, we recommend that you verify your carryforwards carefully before processing your client files.
8. DT Max references
Please refer to these knowledge base topics for a detailed review of tax changes implemented:
DT Max T1
9. Known issues fixed in version 15.10
February 6, 2012
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