What's new for T1/T3 Internet version 18.20?

The latest DT Max program update is now available for downloading. It features the fully functional T1/TP-1 program for the tax years 2002 to 2014 inclusively and fully supports T1/TP-1 EFILE. This version also features the T3/TP-646 program for tax years ending from 2004 to 2014. Installing this version will update your version of DT Max to 18.20.

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

In this version...

DT Max T1

1. Known issues fixed in version 18.20
2. Version highlights - Enhancements
   1. E-submission of Form T1135: new variable in the Client letter
   2. Other enhancements brought to Client letter variables
   3. Calculation of the dividend tax credit
3. Notes
   1. For taxpayers submitting their tax return by mail
4. Revised forms
5. New diagnostics
   1. Notes and diagnostics
   2. Error prevention report
6. New options
7. Reminder: deceased persons and bankruptcy returns for 2014

DT Max T3

1. Version highlights
   1. T1013 Authorizing or cancelling a representative: correction made to the 2D barcode

DT Max T1

1. Known issues fixed in version 18.20

2. Version highlights - Enhancements

1. E-submission of Form T1135: new variable in the Client letter

   A new variable has been made available in the Client letter to notify the user to retain a signed copy of the T1135 when this form is being submitted electronically, which reads as follows: "We have submitted Form T1135 electronically. Please retain a signed copy for your records."

   We highly recommend that any EFILE transmission errors with respect to Form T1135 are corrected on or before the statutory filing deadline as described on page 2 of the form's instructions under the header "Due dates for filing this form". In addition, a signed copy of the T1135 should be retained at all times, as with forms T183 and T1013, in the event of a future audit by the CRA.

2. Other enhancements brought to Client letter variables

   1. Three new variables related to the three previous years covered by the carryback of a non-capital loss are now available in the Client letter, which allow users to automatically change the year to which this non-capital loss has been applied.

   2. A new variable has been included in the Client letter, to remind the latter to sign Quebec form TP-1029.LR, LogiRénov Home Renovation Tax Credit, on the line indicated in Part 2.4, "Intergenerational home", if applicable.

3. Calculation of the dividend tax credit

   As a result of the changes brought to the ordinary dividend gross-up rate as well as to the calculation rate for the ordinary dividend tax credit, both of which took effect as of January 1st, 2014, it is possible that the amount of taxable dividends as well as the dividend tax credit amount that you have received result from the combination of two rates, namely the one for 2013 and the one for 2014.

   This is particularly relevant in the case of ordinary dividends paid during the year 2013 through a partnership whose fiscal year begins in 2013 and ends in 2014.

   In order to avoid any risk of error, we suggest that you enter all amounts from boxes in the data entry screen as they appear on the tax slips that you received, the issuer of these slips being the only authority able to provide you with the exact amounts to be included on your return. Please note that, while the Canada Revenue Agency will accept efiled returns in this specific case, Revenu Québec will not accept the electronic submission of the return, given the difference between the 2013 rate and that of 2014. Therefore, in this case, you will need to submit the Quebec return by mail.

   Otherwise, DT Max will apply by default the rates for tax year 2014, and then the federal and the Quebec returns can both be filed electronically.

3. Notes

1. For taxpayers submitting their tax return by mail

   A recent instruction from Revenu Québec has been integrated in DT Max regarding the Keying Summary for the Schedules of the Income Tax Return 2014 (2014-10). The name and first name entered on lines 1 and 2 pertaining to the column for Schedule D of the said summary are now being displayed flush left, whereas in the previous versions they were right-justified. Note that the compliance of this summary to Revenu Québec's requirements is only relevant for taxpayers who are submitting their tax return by mail.

4. Revised forms

5. New diagnostics

1. Notes and diagnostics

   292 Capital gains deduction

   A capital gains deduction was claimed on line 292 of the Quebec tax return.

   In Quebec, since 2009, a taxpayer claiming the capital gains deduction must also provide, pursuant to section 21.4.6 TA, any document filed with the CRA in respect of such deduction which has also been claimed federally.

   To avoid the Quebec penalty for missing information when claiming the capital gains deduction, you should send to Revenu Québec a copy of the federal Form T657, Calculation of capital gains deduction.

   If you submit the return electronically, you must mail a copy of the T657 to Revenu Québec.

   If you are filing a paper return, you must attach a copy of the T657 to to the one sent to Revenu Québec.

   139 Taxable capital gains

   A reserve on disposition of capital property was claimed on the Quebec Schedule G.

   In Quebec, since 2009, a taxpayer claiming a reserve on disposition of capital property must also provide, pursuant to section 21.4.6 TA, any document filed with the CRA in respect of such reserve which has also been claimed federally.

   To avoid the Quebec penalty for missing information when claiming a reserve on disposition of capital property, you should send to Revenu Québec a copy of the federal Form T2017, Summary of reserves on dispositions of capital property.

   If you submit the return electronically, you must mail a copy of the T2017 to Revenu Québec.

   If you are filing a paper return, you must attach a copy of the T2017 to the one sent to Revenu Québec.

2. Error prevention report

   423 - Family tax cut

   The DT Max optimization has determined that the taxpayer is eligible for the family tax cut on the federal tax return. You used the keyword Transfer-OV with the option "NOT a Dependent child" in the dependent's file. Please verify that the child who is under 18 years of age at the end of the year meets the condition "ordinarily lives throughout the year" with the taxpayer. Otherwise, use the keyword Optimize with the option "T1 - Schedule 1A - Family tax cut", and select "Do not claim".

6. New options

1. For the keyword Pension , in the keyword group T-Slip , when Saskatchewan is selected as the jurisdiction:

   Saskatchewan Pension Plan - SPP (spousal contribution)

   This option allows you to indicate the amount of pension income received from the spousal or common-law partner Saskatchewan Pension Plan (SPP).

7. Reminder: deceased persons and bankruptcy returns for 2014

DT Max T3

1. Version highlights

1. T1013 Authorizing or cancelling a representative: correction made to the 2D barcode

   A correction was made to the T1013 2D barcode. In Part 2A, "Authorize online access", the proper authorization level was displayed on the form. However, the barcode was not registering a level "2" authorization. The CRA is aware of this situation and will make the necessary corrections for those who have already filed the T1013 for T3.

 

March 26, 2015