What's new for T1 Internet version 17.14?

The latest DT Max program update is now available for downloading. It features the T1/TP-1 program for tax years 2001 to 2013 inclusively and fully supports T1/TP-1 EFILE. Installing this version will update your version of DT Max to 17.14. Please note that all program versions are first made available on the Internet.

In this version...

1. Version highlights
1. Quebec Tax Data Download
2. New feature - Changes regarding deceased persons (Quebec, Lines 447 & 448)
3. Dividend Tax Credit update - Tax year 2014
4. Enhancements
1. Quebec - Line 392 – Tax Credit for Recent Graduates Working in Remote Resource Region: Option to limit the claimed amount
2. New diagnostics
1. Error prevention report
3. Modified diagnostics
1. Modified error prevention report
4. New keyword
5. Forms updated in this version

DT Max T1

1. Version highlights

1. Quebec Tax Data Download

   Version 17.14 of DT Max offers Revenu Québec's Tax Data Download service. New added features should be noted for this year: new code CD for Box O on the RL-1 slip, new Boxes B-1 and B-2 from the RL-8 slip and Boxes B and K from the RL-2 slip when payments originate from a pooled registered pension plan (PRPP).

   The Quebec Tax Data Download service will be available starting March 3rd, 2014. For more information on this feature, please consult the Quebec Tax Data Download and the Procedure to download tax data from Revenu Québec documents, available in our knowledge base.

2. New feature - Changes regarding deceased persons (Quebec, Lines 447 & 448)

   The DGLRE (Direction générale de la législation et du registraire des entreprises) has ruled to the effect that in the case of a deceased person, in order to determine whether this person is exempted from paying the premium for the Public Prescription Drug Insurance Plan because she was receiving the Guaranteed Income Supplement (GIS), it is necessary to calculate the 94% GIS according to the period prior to death and not the whole year. Following this interpretation, a text has been included on line 447 of the Guide to Filing the Income Tax Return of a Deceased Person (IN-117) to the effect that the amount must be prorated based on the months prior to death.

   The above-mentioned clarifications affect the following codes: 27, 28, 29, 31 and 33. Pro rata must be applied to the amount indicated in the instructions from Line 447 of the guide regarding the above-mentioned codes. Calculation must be done as follows: (amount indicated in the number in question/12) * Number of months prior to the death (including the month of death).

   Please note that this procedure also applies to the calculation of the health contribution. This change has been integrated in version 17.14 of DT Max.

3. Dividend Tax Credit update - Tax year 2014

   For dividends paid after 2013, the gross-up rate for dividends other than eligible dividends has been adjusted from 25% to 18% of the paid dividends and the corresponding dividend tax credit is calculated at 11.0169% of the grossed-up dividends. In addition, note that the dividend tax credits for provinces have been updated in DT Max T1 for 2014.

4. Enhancements

   1. Quebec - Line 392 – Tax Credit for Recent Graduates Working in Remote Resource Region: Option to limit the claimed amount

      It is now possible to enter the desired amount in DT Max regarding the tax credit for recent graduates working in remote resource regions with the new keyword Limit-Credit.nd and thus carry forward the unused amount to a subsequent year. For more information on this keyword, please refer to the New keywords section below.

2. New diagnostics

1. Error prevention report

   CPT30 election to revoke an election to stop contributing to the CPP

   You indicated a CPT30 election to revoke an election made in a prior year to stop contributing to the CPP for the year.

   You have to confirm with the keyword Prior-CPP-Elect that an election to stop contributing to the CPP was made in the prior year.

3. Modified diagnostics

1. Modified error prevention report

   343 First-time donor super credit (FDSC)

   The amount for gifts of money made after March 20, 2013 that are eligible for the first-time donor super credit (FDSC) is lesser than $1,000. The first-time donor super credit can be claimed only once in respect of any one taxation year from 2013 to 2017. Thus, new donors should therefore consider accumulating donations made after March 20, 2013 until they reached $ 1,000 and claim the credit with respect to all these gifts, but no later than the 2017 tax return.

   If you have donations of money made after March 20, 2013 showing on T-Slips, you should instead enter these in the Donations group if you want to claim the first-time donor super credit.

4. New keyword

1. In the keyword group NewGraduate

   Limit-Credit.nd : Limit the amount of the tax credit for recent graduates working in remote resource regions (TP-776.1.ND L.20).

5. Forms updated in this version