What's new for T1 Internet version 15.14?

The latest DT Max program update is now available for downloading. It features the fully functional T1/TP-1 program for tax years 2001 to 2011 and fully supports T1/TP-1 Efile. Installing this version will update your version of DT Max to 15.14.

Please note that all program versions are always made available on the Internet.

In this version...

1. Efile
2. New in-house forms
3. Revised forms
4. New keywords
5. New diagnostic – Error prevention report
6. Quebec

a. New client letter variable
b. New option
c. Indexation of registration fee for the enterprise register (Quebec line 438)

1. Efile

Efile error 511 should no longer be generated by CRA's system for cases where provincial Schedule 2 was present but the transfer was not necessary to bring provincial tax to $0.

2. New in-house forms

• Estimated Nova Scotia Affordable Living Tax Credit and Poverty Reduction Credit For the Period July 2012 to June 2013

• Estimated Newfoundland and Labrador HST Credit and Seniors' Benefit For the Period July 2012 to June 2013

3. Revised forms

In-house forms:
• Estimated Ontario Trillium Benefit (OTB) for July 2012 to June 2013 and the Ontario Senior Homeowners' Property Tax Grant (OSHPTG) for 2012

• Estimated Saskatchewan Low-Income Tax Credit for the Period July 2012 to June 2013

• Estimated British Columbia HST Credit and Low Income Climate Action Tax Credit for the Period July 2012 to June 2013

N. B.: The above forms which were previously preliminary have now been implemented in version 15.14, and are fully functional.

Quebec:

• TP-1029.9 - Crédit d'impôt pour chauffeur ou propriétaire de taxi (2012-02) (Tax Credit for Taxi Drivers or Taxi Owners (2012-02))

N. B.: This form is only available in French.

4. New keywords

1. PERMIT-ACQCOST : Acquisition cost of the taxi owner's permit

   Use the keyword PERMIT-ACQCOST to enter the acquisition cost of the taxi owner's permit.

2. In the Business keyword group, when the option “T776 - Rental” is selected:

   Vehicle-Exp : Type of motor vehicle

   Use the keyword Vehicle-Exp to indicate the type of motor vehicle.

3. For purposes of the Estimated Ontario Trillium Benefit (OTB), the following keyword has been reintroduced:

   OSHPT-Grant : Amount of the Ontario Senior Homeowners' Property Tax Grant received in the current tax year

   Enter the amount of the Ontario Senior Homeowners' Property Tax Grant received in the current tax year.

5. New diagnostic – Error prevention report

T1163/T1273 - Adjustment to business-use-of-home expenses

The program has detected a negative amount on line 9944 as well as an amount on line 9934. The amount on line 9934 is incorrect because of the partnership situation. Please use the Home-Adj-OV keyword to enter the correct amount of Adjustment to business-use-of-home expenses on line 9934.

6. Quebec

a. New client letter variable

This variable has been added to the client letter and in the assembly instructions:

%404 TPZ-601-V - Authorization to Download the Individual's Fiscal Data (RQ)

b. New option

For the keyword Foreign-OV , in the Foreign-Inc group:

Credit for tax paid to another province (Q409)

Use this option to enter the credit for tax paid to another province. DT Max will report this amount on line 409 of the Quebec Schedule E.

An individual may claim this new tax credit, if he satisfies the following conditions:

• he is deemed to have resided in Quebec throughout the year for the reason that he sojourned there for one or more periods totaling 183 days or more in the year where he ordinarily resided outside Canada; and,

• under a tax treaty between Canada and another country, he resides in such country and not in Canada and, for that reason, is deemed not to reside in Canada for the year for the purposes of the federal tax system.

Determination of the tax credit

The amount that may be deducted for the year on account of the credit for tax paid to another province may not exceed the proportion of tax otherwise payable for the year of the eligible individual represented by the ratio between:

• on the one hand, any portion of his income from an office or employment that is included, under the federal tax legislation, in the calculation of his taxable income earned in Canada for the year and that is attributable to the duties he carried out in a province other than Quebec, excluding an amount he deducts in calculating his taxable income for the year for the purposes of Quebec's tax system as an amount exempt from income tax in Quebec or in Canada because of a provision of a tax agreement entered into with a country other than Canada; and

• on the other, his taxable income for the year.

In addition, the credit for tax paid to another province may be claimed on behalf of an eligible individual in the year of his or her death only in the calculation of the individual's income tax otherwise payable, as established in the principal income tax return filed for that year.

These measures will apply as of the 2011 taxation year.

c. Indexation of registration fee for the enterprise register (Quebec line 438)

As announced in the News section on the Registraire des entreprises du Québec website on November 22nd, 2011, at http://www.registreentreprises.gouv.qc.ca/en/actualites/2011-11-22.aspx , the registration fee for the enterprise register (line 438) has been indexed on January 1st, 2012, at a rate of 2.66 %. As per the new tables for fees and terms of payment that are to be found at http://www.registreentreprises.gouv.qc.ca/en/tarifs/liste_tarifs.aspx , the fee for an individual operating a business has been increased to $33.

Considering the release date of this information and the printing date of the main tax forms for personal income tax, the amount that was recorded in the guides is $32. A request was submitted to the Revenu Québec authorities in order to determine the amount to be entered for tax year 2011 in the tax return. The latter have ruled that the amount would be $33. However, in order to allow tax software designers to adjust, Revenu Québec will accept both amounts until all the affected software designers bring the required correctives.