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Print this pageForward this document  What's new for T1/T2 Internet version 19.10?

The latest DT Max program update is now available for downloading. It features the T1/TP-1 program for the tax years 2005 to 2015 inclusively and fully supports T1/TP-1 EFILE. This version also features the T2 program for fiscal periods ending from 2001 to 2016 and fully supports Corporation Internet Filing (T2, CO-17 and AT1). Installing this version will update your version of DT Max to 19.10.

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

In this version...

About your DT Max licence key

DT Max T1
  1. Program certification
  2. Version highlights
    1. Client Data Enquiry (CDE)
  3. New forms
  4. Revised forms
  5. New keywords
  6. New options
  7. Deleted options
  8. Exchange rates and other prescribed rates
  9. New diagnostics
    1. Notes and diagnostics
    2. Error prevention reports
  10. New variables for the client letter
  11. Notes and reminders
    1. EFILE
    2. Demo database
    3. Carryforwards
  12. Messages from the CRA
  13. Messages from Revenu Québec
  14. DT Max references (links to our Knowledge Base)
DT Max T2
  1. Program certification
  2. Version highlights
    1. T1135: New simplified reporting method
    2. Cancellation of the Newfoundland and Labrador Harmonized Sales Tax rate increase
    3. New CCA classes
    4. Reminder from the CRA: RC59 barcode
  3. Revised forms
  4. New keywords
  5. New options
  6. Revised options
  7. Deleted options

 

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 and/or T2, that is to say for the year 2015 onwards. If the registered licence key is expired, the following warning message will be displayed on the startup screen:

For an invalid DT Max T1, T2, T3 or T5013 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."

DT Max T1

  1. Program certification

    DT Max T1 is certified for paper filing under the following authorization numbers:

    Federal: RC-15-119

    Quebec: RQ15-TP54

  2. Version highlights

    1. Client Data Enquiry (CDE)

      Please note that a new keyword group, SEND-TDD , has been implemented in DT Max T1 following the announcement by the Canada Revenue Agency (CRA) that enhancements have been brought to the Tax Data Download (TDD) service, in order to better promote its use among the individual taxpayers and tax preparers. The new keywords will make it easier to take into account many data provided by the CRA. This information will be delivered via the new Client Data Enquiry (CDE) service. This service will replace the System for the Electronic Notification of Debt (SEND) Web service, which will be permanently discontinued effective February 12, 2016.

      CDE is a service that allows view access to various data elements of a client's account. It serves as more than a notification and can provide a detailed summary of a client's account, including any amounts that apply. Authorized representatives will be able to view information about a client's account before preparing their return. It also assists authorized discounters by indicating if outstanding debts exist which might affect whether the return is discounted or the amount of the discounted refund.

      Please refer to the description of the keyword group SEND-TDD and its secondary keywords in the New keywords section for more details.

  3. New forms

    Quebec

    • TP-1029.TM - Grant for Seniors to Offset a Municipal Tax Increase

    • TP-1029.8.36.VP-V Tax credit for interest on a loan granted by a seller-lender and guaranteed by la financière agricole du Québec.

    In-house forms

    • Estimated calculation of the Canada Child Benefit (CCB) for the period July 2016 to June 2017

      In 2015, the liberal government proposed the creation of the Canada Child Benefit (CCB), which aims to enhance the Canada child tax benefit and the National child benefit supplement, in addition to replacing the Universal child care benefit (UCCB), starting in July 2016.

      As a result, a new in-house form was implemented in DT Max in order to provide you with an estimation of this new CCB, based on the information available as of January 29, 2016. Please note that this estimation may be subject to changes.

      Note: This form is currently in preliminary version.

  4. Revised forms

    Federal

    • T2201 - Disability Tax Credit Certificate

    Quebec

    • TP-1026 - Calculation of Instalment Payments to Be Made by Individuals - 2016

    In-house forms

    • Estimation of the calculation of Quebec instalment payments for 2016 (government method)

  5. New keywords

    1. In the keyword group Foreign-Info , pertaining to federal form T1135 (Foreign Income Verification Statement) :

      1. Property-Type.sim : Select the category of specified foreign property held at any time during the year (T1135 Part A).

      2. CountryCode.sim : Select the top three countries based on the maximum cost amount of specified foreign property held during the year (T1135 Part A).

      3. Income.sim : Income from all specified foreign property (T1135 Part A).

      4. Gain-Loss.sim : Gain (loss) from the disposition from all specified foreign property (T1135 Part A).

      5. Cost-ForeignProp : Select the total cost of all specified foreign property held at any time during the year.

    2. In the keyword group Efile , pertaining to the managing of the efiling of the tax return :

      1. Fed-Prior-Yr : Indicates that a prior year return will be submitted.

    3. In the keyword group SEND-TDD , pertaining to the CRA's new Client Data Enquiry (CDE) service:

      1. SEND-TDD : SEND - Tax data delivery remark.

      2. SEND-ImmigDate : Provides the individual's latest immigration date in the CRA's files.

      3. SEND-EmigDate : Provides the individual's latest emigration date in the CRA's files.

      4. SEND-Bankruptcy : Individual's bankruptcy indicator.

      5. SEND-RefundExam : Indicates whether the CRA can examine this individual's income tax and benefit return.

      6. SEND-GSTHST : Indicates whether an individual has some overdue GST/HST returns.

      7. SEND-WITB : Indicates whether a working individual or family is entitled to the working income tax benefit (WITB) refundable credit.

      8. SEND-CurYr-Return : Indicates whether a current year return has been received by the CRA.

      9. SEND-DisabElig : Disability amount eligibility code. Three options are available : Self, Spouse - Common-law spouse or Dependants.

      10. SEND-BalanceOwing : Indicates if an individual has any balance owing amount.

      11. SEND-ReassesProg : Indicates whether a reassessment was determined for one or several prior tax years.

      12. SEND-Reassessment : Indicates whether the CRA has determined at least one reassessment for the previous year's return during the last twelve months.

      13. SEND-RefundSetOff : Refund set off code. The following options apply:

        • Internal: Indicates that the tax refund may be offset in order to pay amounts owed to the CRA.

        • External: Indicates that the tax refund may be offset in order to pay debts owed under federal, provincial or territorial programs.

        • Both

      14. SEND-RefSetOffs : Refund set off code program code.

      15. SEND-UnfiledReturn : Indicates the year of the unfiled returns(s) among the last 10 returns.

    4. In the new keyword group Grant-MunicipalTax , pertaining to the new Quebec form TP-1029.TM (Grant for Seniors to Offset a Municipal Tax Increase):

      1. Apartment.tm : Apartment number of the residence [TP-1029.TM Part 2, L.20].

      2. Street.tm : Street number and street name.

      3. City.tm : City of the residence [TP-1029.TM Part 2, L.21].

      4. Postal-Code.tm : Postal code of the residence [TP-1029.TM Part 2, L.22].

      5. Roll-Number.tm : Roll number (numéro matricule) shown on the municipal tax bill [TP-1029.TM Part 2, L.23].

      6. Consecutive-Years : As of December 31, for how many consecutive years has the taxpayer owned the residence? [TP-1029.TM Part 2, L.24].

      7. SP-Transfer-Owner : If the taxpayer had a spouse, did the spouse transfer ownership of the property? [TP-1029.TM Part 2, L.25].

      8. SP-Owned-Start : Enter the start date of the period during which your spouse owned the residence [TP-1029.TM Part 2, L.26].

      9. SP-Owned-End : Enter the end dates of the period during which your spouse owned the residence [TP-1029.TM Part 2, L.26].

      10. PrincipalResid.tm : Is this the principal residence? [TP-1029.TM Part 2, L.27].

      11. Other-Co-Owner.tm : Select the other co-owner(s) on December 31, 2015 [TP-1029.TM Part 3].

      12. LastName-Co-Owner : Last name of the co-owner(s) on December 31 [TP-1029.TM Part 3].

      13. FirstName-Co-Owner : First name of the co-owner(s) on December 31 [TP-1029.TM Part 3].

      14. SIN-Co-Owner : Social insurance number of the co-owner(s) on December 31 [TP-1029.TM Part 3].

      15. Cur-AssessmentRoll : Select the current assessment roll [TP-1029.TM Part 4, L.40].

      16. Potential-Grant : Amount of the potential grant shown on the 2016 municipal tax bill [TP-1029.TM Part 4, L.41].

      17. CoOwnerGrantClaim : Amounts entered in respect of the grant on line 462 of the other co-owners' 2015 income tax returns [TP-1029.TM Part 4, L.42].

    5. In the keyword group NewGraduate , pertaining to Quebec form TP-776.1.ND (Tax Credit For Recent Graduates Working in Remote Resource Regions):

      1. Institution-Name : Name of the educational institution that awarded the diploma.

      2. Institut-Address : Address of the educational institution.

    6. In the keyword group Cap-Reserves , pertaining to federal form T2017 (Summary of Reserves on Dispositions of Capital Property):

      1. Reserve-BeginDate : Date of disposition of the property.

    7. In the keyword group Infertility , pertaining to Quebec form TP-1029.8.66.2 (Tax Credit For The Treatment Of Infertility):

      1. PARENT-BEFORE : Before starting the treatment, was the taxpayer (or, if applicable, the spouse) the biological or adoptive parent of a child?

      2. EXP-BEFORE.INF : Expenses incurred for treatment of infertility (incurred before November 11, 2015).

    8. In the new keyword group Loan-Granted , pertaining to the new Quebec form TP-1029.8.36.VP (Tax Credit For Interest On a Loan Granted by a Seller-Lender and Guaranteed by La Financière Agricole du Québec):

      1. Start-EligPeriod : Enter the start date of the eligibility period.

      2. End-EligPeriod : Enter the end date of the eligibility period.

      3. Interest-Paid.loan : Interest paid on the loan [TP-1029.8.36.VP Part 3, L.20].

      4. Assistance-related : Assistance, benefit or advantage relating to the interest paid on the loan [TP-1029.8.36.VP Part 3, L.21].

      5. Qual-Partnership : Name of the qualified partnership.

      6. Que-NEQ-No.loan : Québec enterprise number (NEQ).

      7. MRQ-Ident-No.loan : Identification number.

      8. EndDateFiscPeriod : End date of fiscal period.

      9. Percent-Interest : Percentage interest.

      10. Interposed-Partner : Name of the interposed partnership.

      11. Repaid-Assis-TaxCr : Tax credit in respect of assistance, benefits or advantages repaid in the year [TP-1029.8.36.VP Part 3, L.43].

    9. In the keyword group T-Slip , pertaining to the federal T5013 and the Quebec RL-15 slips :

      1. RESERVE-OPEN.T : T5013 Boxes 152, 222, 224 and RL-15 Box 11 - Capital gains reserve.

      2. RESERVE-OPENQC.T : Enter the Quebec amount IF DIFFERENT.

      3. RESERVE-DATE.T : Date of disposition of the property.

    10. In the keyword group T-Slip , pertaining to the Quebec RL-10 slip (Tax Credit for a Labour-Sponsored Fund):

      1. AMOUNT-PAID-1 : RL-10 Box G1 - Amounts paid before June 1st, 2015, to purchase shares of the fund.

      2. TAXCREDIT-1 : Box H1 - Tax credit equal to 25% of the amount in box G1 [Fed. L.414] [Que. L.424] (RL-10 Box H1).

      3. CANCELTAXCREDIT1 : RL-10 Box J1 - Cancelled tax credit (25% of all or part of the amount in box I) (RL-10 Box J1).

  6. New options

    1. For the keyword Other-Income.t , in the keyword group T-Slip , pertaining to the federal T4A slip :

      [196] Tuition assistance for adult basic education

      This option allows users to enter the amount that appears in box 196 of the T4A slip.

    2. For the keyword RESERVE-OPEN.T , in the keyword group T-Slip , pertaining to the federal T5013 and the Quebec RL-15 slip :

      Prior reserves from farm/fish - elig. to $250,000 [222]
      Prior reserves from farm/fish - elig. to $375,000 [222]
      Prior reserves from farm/fish - elig. to $400,000 [222]
      Prior reserves from QSBCS - eligible to $250,000 [224]
      Prior reserves from QSBCS - eligible to $375,000 [224]
      Prior reserves from QSBCS - eligible to $400,000 [224]

    3. For the keyword group Cap-Reserves :

      Farm (QFP) & fishing after Dec. 31, 2013
      Small business corporation (QSBCS) after Dec. 31, 2013

    4. For the keyword Cap-Gains , in the keyword group T-Slip , pertaining to the federal T5013 and the Quebec RL-15 slips:

      QFP capital gains [154] before April 21, 2015
      QFP capital gains [154] after April 20, 2015
      QFP capital gains mortgage foreclosures [155] bef. April 21
      QFP capital gains mortgage foreclosures [155] af. April 20
      Farming/Fishing income [158] before April 21
      Farming/Fishing income [158] after April 20, 2015

  7. Deleted options

    1. For the keyword group Solidarity , pertaining to Quebec form TP-1029.CS.1 (Solidarity Tax Credit Application for New Residents of Quebec) :

      Solidarity tax credit new resident (TP-1029.CS.1)

  8. Exchange rates and other prescribed rates

    Please note that the exchange rate used by default for the conversion of US dollar amounts to Canadian currency has now been updated in DT Max according to the latest information available on the Bank of Canada's website.

    In addition, the rates applicable to meal and vehicle expenses that are used to calculate traveling expenses for 2015 have also been updated according to the latest information available on the CRA's website.

  9. New diagnostics

    1. Notes and diagnostics

      462 [ Code 29 ] Grant for seniors to offset a municipal tax increase

      DT Max did not allow the grant for seniors to offset a municipal tax increase.

      To apply for the grant, the taxpayer must meet all the conditions below:

      • On December 31, 2015, the taxpayer was a resident of Quebec;
      • On December 31, 2015, the taxpayer was 65 or older;
      • On December 31, 2015, the taxpayer had owned the residence for at least 15 consecutive years;
      • The family income (line 275) for 2015 was $50,000 or less.

    2. Error prevention reports

      TP-1029.TM - Grant for seniors to offset a municipal tax increase

      According to information provided, DT Max considers that the taxpayer may be eligible to claim the tax credit for grant for seniors to offset a municipal tax increase. If you are eligible to claim this credit, please use the keyword Grant-MunicipalTax .

      You can claim this refundable tax credit if:

      • On December 31, 2015, the taxpayer was a resident of Québec
      • On December 31, 2015, the taxpayer was 65 or over; and
      • On December 31, 2015, the taxpayer had owned the residence for at least 15 consecutive years (note that this period can include a period during which the spouse owned the residence before transferring ownership to the taxpayer).
      • The residence is an entirely residential assessment unit consisting of only one dwelling, and it serves as the principal residence.
      • The taxpayer received (or was entitled to receive) a municipal tax bill in his or her name for the residence for 2016.
      • The family income for 2015 (the amount on line 275 of the income tax return plus, if he or she had a spouse on December 31, 2015, the amount on line 275 of his or her return) was $50,000 or less.

      Schedule D - Solidarity tax credit

      You have indicated that the taxpayer was a tenant on December 31, 2015.

      You have to enter the RL-31 information. Use the keyword T-Slip and select RL-31.

  10. New variables for the client letter

    Estimation of Canada child benefit (CCB). %290

  11. Notes and reminders

    1. EFILE

      Important 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 act as a representative of the client, submit Quebec returns via EFILE 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-bankruptcy return to the federal government via EFILE.

    2. 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.

    3. Carryforwards

      As always, we recommend that you verify your carryforwards carefully before processing your client files.

  12. Messages from the CRA

    Direct deposit

    Direct deposit is the fastest way to get your money. It is also convenient, easy, and secure. Don't delay - sign up today at https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/direct-deposit.html .

    CRA's Auto-fill my return service

    The Canada Revenue Agency's (CRA) Auto-fill my return service, formerly called Tax Data Delivery (TDD), will be made available on February 15, 2016. Please note that the Auto-fill my return service module has been integrated in version 19.10 of DT Max.

    See the CRA's Auto-fill my return service knowledge base page for more information on this exciting feature.

    NEW FOR 2016

    Slips:

    • T3 (Statement of Trust Income Allocations and Designations)
    • T4RIF (Statement of Income From a Registered Retirement Income Fund)
    • T4RSP (Statement of RRSP Income)
    • T5 (Statement of Investment Income)
    • T5007 (Statement of Benefits)
    • T5008 (Statement of Securities Transactions)

    RRSPs and related plans:

    • RRSP - Contribution receipt

    Client Data Enquiry (CDE) information (including data formerly included via SEND):

    • Reassessment information - the CRA has reassessed one or more prior-year returns in the last 12 months
    • Balance owing - debt owing to the CRA
    • Duplicate return - a return has already been received by the CRA for the current tax year
    • Bankruptcy - the taxpayer has declared bankruptcy
    • Disability amount eligibility - client may be eligible to claim the Disability Tax Credit (DTC)
    • Unfiled returns - One or more of the past 10 prior-year tax returns have not been filed
    • Review - The CRA may review this taxpayer's income tax and benefit return
    • External refund set-off - the tax refund may be set off to pay debts owed under federal, provincial, or territorial programs
    • Internal refund set-off - the tax refund may be set off to pay debts owed to the CRA
    • Reassessment in progress - A reassessment is in progress for the 20XX tax year
    • Outstanding GST/HST returns - client may have outstanding GST/HST returns
    • Working income tax benefit - the taxpayer is eligible for this refundable tax credit
    • Immigration date - the most recent immigration date on record
    • Emigration date - the most recent emigration date on record

  13. Messages from Revenu Québec

    Register for My Account!

    My Account is a secure, personalized space where you can access several practical online services. For example, you can

    • view and change your income tax return information;
    • track the processing of your income tax return;
    • view your notice of assessment; and
    • register for direct deposit.

    For more information about My Account or to register, click MY ACCOUNT FOR INDIVIDUALS .

    1. Deceased persons and bankruptcy returns for 2015

      Starting in February (date to be confirmed), the tax returns for deceased persons as well as bankruptcy returns for tax year 2015 that are filed with the 2014 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 19.01 and subsequent.

    2. Tax Data Download Service

      The Tax Data Download module will be integrated in an upcoming version of DT Max, which will be made available in early March 2016, the beginning date of the service.

  14. 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 T2

  1. Program certification

    Federal
    This new version of DT Max T2 has undergone an authorization process with the CRA for the paper version (including the bar code return) of Form T3010, Registered Charity Information Return, and has been approved under authorization number 13103 .

  2. Version highlights

    1. T1135: New simplified reporting method

      The form has been redesigned to implement a two-tier information reporting structure for specified foreign property.

      Part A is a new simplified reporting method for taxpayers who held specified foreign property with a total cost of less than $250,000 throughout the year. This reporting method allows taxpayers to tick the box for each type of property they held during the year, rather than providing details for each property. As such, a new option has been added to the keyword Foreign-Info if you are choosing the simplified reporting method.

      Part B, the current detailed reporting method, will continue to apply to those taxpayers who, at any time during the year, held specified foreign property with a total cost of $250,000 or more.

      Two boxes have been added in the "Identification" section of the form to specify the cost of all specified foreign property.

      Please note that the keyword INCOME-LOSS in the keyword sub-group Prop-Type has been changed to Income.t .

    2. Cancellation of the Newfoundland and Labrador Harmonized Sales Tax rate increase

      The Government of Newfoundland and Labrador has asked the Government of Canada to accommodate the cancellation of the proposed HST rate increase and the federal government has agreed to this request. As a result, the HST rate will remain at 13 per cent after December 31, 2015.

      On December 14, 2015, the Government of Newfoundland and Labrador has published a "Tax Information Bulletin" announcing this cancellation.

      This version of DT Max T2 has incorporated the cancellation of the HST increase.

    3. New CCA classes

      New CCA Classes has been added in the options for the keyword CCA-Class :

      1. Class 1 - 10% (LNG after February 19, 2015)

        Accelerated CCA for liquefied natural gas (LNG) after February 19, 2015 and before 2025.

        Non-residential buildings at a facility that liquefies natural gas are eligible for a CCA rate of 4% plus the lesser of 6% and income from eligible liquefaction activities attributable to that facility.

      2. Class 47 - 30% (LNG after February 19, 2015)

        Accelerated CCA for liquefied natural gas (LNG) after February 19, 2015 and before 2025.

        Eligible property used for the liquefaction of natural gas are eligible for a CCA rate of 8% plus the lesser of 22% and income from eligible liquefaction activities attributable to that facility.

      3. Class 53 - 50% DB (after 2015)

        Class 53 includes machinery and equipment used in Canadian manufacturing acquired after 2015 and before 2026.

    4. Reminder from the CRA: RC59 barcode

      In the "What's New for DT Max T2 version 19.01", we informed you that the federal form RC59 (Business Consent) now contains a barcode.

      The CRA expects that 90% of barcoded RC59 forms will be received by fax. If you intend to send the RC59 by fax, the CRA suggests configuring your fax machine "Scan Settings".

      The fax machine "Scan Settings" must be adjusted to the picture quality "Ultra-Fine" and density at a minimum resolution of 400 x 400 dpi. The higher the image quality is set, the better the output will be.

  3. Revised forms

    Federal

    • Schedule 383 - Manitoba Corporation Tax Calculation (2016 and later tax year)

      This form has been revised. The period before January 1, 2014 in Parts 1 and 2 has been deleted.

    • Schedule 562 - Ontario Sound Recording Tax Credit (2015 and later tax years)

      The 2015 Ontario Budget announced that the Ontario Sound Recording Tax Credit (OSRTC) will be phased out.

      A qualifying corporation may claim an OSRTC for eligible sound recordings that commenced before April 23, 2015. However, a tax credit can only be claimed on eligible expenditures incurred before May 1, 2016 and the qualifying corporation cannot receive an amount from the Ontario Music Fund in respect of the expenditures claimed under the OSRTC.

      The form has been updated to reflect the above change.

    • T1135 - Foreign Income Verification Statement

    • T1275 - AgriStability and AgriInvest Programs Additional Information and Adjustment Request (N.B.: Please note that this form offers no calculation support.)

    • T3010 - Registered Charity Information Return

      The new line 5830 has been added in section C of the return. Use the keyword Partner-Holdings to indicate whether or not the charity had direct partnership holdings at any time during the fiscal period.

    • T2WS1 - Calculating estimated tax payable and tax credits (N.B.: Please note that this form offers no calculation support.)

    • AgriStability and AgriInvest - Statement A, Corporations/Co-operatives and Special Individuals

    Quebec

    • CO-156.TR - Additional Deduction for Transportation Costs of Small and Medium-Sized Manufacturing Businesses

    • CO-1029.8.36.DC - Election Respecting the Tax Credit for the Development of E-Business

    • CO-1029.8.36.ES - Tax Credit For The Production Of Sound Recordings

      This form has been updated to restore the former rate of 35% applicable to a qualified labour expenditure.

      This change will apply to eligible property for which an application for an advance ruling, or an application for a certificate if no application for an advance ruling was filed earlier regarding the property, is submitted to SODEC after March 26, 2015.

      New box 12b has been added in Part 2 (Renseignements sur le bien admissible) in order to specify that the application for an advance ruling or a certificate has been submitted to the SODEC after March 26, 2015. Use the keyword Advance-Ruling.s in the Sound-Record keyword group in order to tick box 12b.

    • CO-1029.8.36.IN - Investment Tax Credit

      Changes have been made to reflect the fact that Part 4 of the form will no longer be completed if the corporation is claiming the tax credit as part of a joint venture.

      If the corporation is claiming the tax credit as part of a joint venture, enter on line 10 the qualifying expenses incurred by the corporation in that capacity with respect to the qualifying property.

    • CO-1029.8.36.PM - Tax Credit For Corporations Specialized In The Production Of Multimedia Titles

      This form has undergone many changes. Information relating to each employee must be re-entered. Previously, the total for all employees was entered. Please verify data entry and adjust data accordingly, as the information may be incomplete.

    • CO-1029.8.36.XM - Tax Credit For The Production Of Events Or Multimedia Environments Staged Outside Québec

      This form has been updated to restore the former parameters and eliminate the end date of the tax credit. Thus:

      • the tax credit rate applicable to a qualified labour expenditure will be 35%;
      • the maximum tax credit for an eligible production will be $350 000;

      • the tax credit will also apply to a qualified labour expenditure incurred after December 31, 2015.

      The above changes apply to an eligible production for which an application for an advance ruling, or an application for a certificate if an application for an advance ruling was not filed earlier, is submitted to SODEC after March 26, 2015.

      New box 17 has been added in Part 2 (Renseignements sur la production admissible) in order to specify that the application for an advance ruling or a certificate has been submitted to the SODEC after March 26, 2015. Use the keyword Prod-Info in the Cred-Film group in order to tick box 17.

      English versions are now available for the following forms:

      • CO-156.EN - Agreement Concerning Regional Ceilings Respecting the Additional Deduction for Transportation Costs of Small and Medium-Sized Manufacturing Businesses

      • CO-1029.8.35 - Tax Credit for Québec Film Productions

      • CO-1029.8.36.EL - Tax Credit for Book Publishing

      • CO-1029.8.36.SP - Tax Credit for Film Production Services

      • CO-1159.2 - Compensation Tax for Financial Institutions

      • RD-1029.7 - Tax Credit for Salaries and Wages (R&D)

  4. New keywords

    1. In the keyword group CharityReturn , pertaining to federal form T3010 (Registered Charity Information Return):

      1. Partner-Holdings : Whether charity had direct partnership holdings.

        Use the keyword Partner-Holdings to indicate whether or not the charity had direct partnership holdings at any time during the fiscal period.

    2. In the Foreign-Info group , pertaining to federal form T1135 (Foreign Income Verification Statement):

      1. Cost-ForeignProp : Total cost of all specified foreign property held during the year.

        Use the keyword Cost-ForeignProp to select the total cost of all specified foreign property held at any time during the year.

      2. Prop-Type.sim : Types of foreign property owned or held (T1135 Part A).

        Use the keyword Prop-Type.sim to indicate the type of foreign property held at any time during the year.

      3. CountryCode.sim : Top three countries based on the maximum cost amount (T1135 Part A).

        Use the keyword CountryCode.sim to select the top three countries based on the maximum cost amount of specified foreign property held during the year (T1135 Part A).

      4. Income.sim : Income from all specified foreign property (T1135 Part A).

        Use the keyword Income.sim to enter the income from all specified foreign property (T1135 Part A).

      5. Gain-Loss.sim : Gain (loss) from the disposition of all specified foreign property (T1135 Part A).

        Use the keyword Gain-Loss.sim to enter the gain(loss) from the disposition from all specified foreign property (T1135 Part A).

    3. In the Descript.qi sub-group, under the Que-ITC , pertaining to Quebec form CO-1029.8.36.IN (Investment Tax Credit):

      1. ExcludedExp-OV : Excluded expense pertaining to the property / ov.

        Use the keyword ExcludedExp-OV to override the excluded expense pertaining to the property in the current year as calculated by DT Max.

    4. In the keyword group CCA-Class , pertaining to federal Schedule 8 (Capital Cost Allowance (CCA) (2006 and later tax years)):

      1. LNG-Income : Income from liquefied natural gas (LNG) for the year.

        Use the keyword LNG-Income to enter the income for the year from the eligible liquefaction activities in respect of the eligible liquefaction facility.

  5. New options

    1. For the keyword Foreign-Info , pertaining to federal form T1135 (Foreign Income Verification Statement):

      T1135 - Foreign income verification statement (simplified)

    2. For the keyword Cost-ForeignProp , pertaining to federal form T1135 (Foreign Income Verification Statement):

      Exceeds $100,000 but less than $250,000
      $250,000 or more

    3. For the keyword Tax-Credit-Add , pertaining to Quebec form CO-17.A.1 (Net Income for Income Tax Purposes):

      100 Interest on loan granted by seller-lender

    4. For the keyword MultiMedia , pertaining to Quebec form CO-1029.8.36.PM (Tax Credit For Corporations Specialized In The Production Of Multimedia Titles):

      CO-1029.8.36.PM exp. or contract after 26/3/15 (box 9a)

    5. For the keyword CCA-Class , pertaining to federal Schedule 8 (Capital Cost Allowance (CCA) (2006 and later tax years)):

      Class 1 - 10% (LNG after February 19, 2015)
      Class 47 - 30% (LNG after February 19, 2015)
      Class 53 - 50% DB (after 2015)

  6. Revised options

    1. For the keyword Foreign-Info , pertaining to federal form T1135 (Foreign Income Verification Statement):

      T1135 - Foreign income verification statement (detailed)

  7. Deleted options

    1. For the keyword Leasing-Cost , pertaining to federal Schedule 1 Supplementary (Non-deductible Automotive Expenses):

      Portion current year lease cost (pre GST/HST changes)

 

February 10, 2016