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Print this pageForward this document  What's new for T1/T2/T3/T5013 Internet version 19.30?

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 as well as the 2016 planner, in addition to fully supporting T1/TP1 EFILE.

Version 19.30 also features the T2 program for fiscal periods ending from 2001 to 2016 and fully supports Corporation Internet Filing (T2, CO-17 and AT1).

Also featured is the T3/TP-646 program for tax years ending from 2005 to 2016 inclusively (keeping in mind that the 2016 tax returns for trusts prepared with this version will be using the 2015 tax forms).

Finally, version 19.30 features the fully functional T5013 program for paper and electronic filing of the Partnership Information Return (T5013 forms) for fiscal periods ending in 2016.

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

In this version...

For all DT Max programs

  1. Implementation of announced tax changes
  2. 2016 Planner Standard Caveat
  3. XP and Vista reminder

DT Max T1

  1. Version highlights
    1. DT Practice integration
    2. Compatibility of French and English keywords
    3. Capital gains deduction: new worksheet
    4. Quebec tax shield
  2. Notes
    1. Deceased or bankrupt taxpayers
    2. Printing prescribed forms for 2016 returns
      1. Quebec
      2. Federal
  3. New diagnostics
    1. Notes and diagnostics
    2. Error prevention reports
  4. New forms
  5. Revised forms
  6. Deleted forms
  7. New keywords
  8. Deleted keywords
  9. New options
  10. Deleted options

DT Max T2

  1. Program certification
  2. Version highlights
    1. Online mail service
    2. T1135 e-submission
    3. Client invoice
    4. Toggle between equivalent federal/provincial forms in 2016 and later tax years
    5. New SmartStart sections added
    6. Changes affecting the HST
    7. Schedule 300: Elimination of the Newfoundland and Labrador M&P profits tax credit
    8. Schedule 305: Financial corporation capital tax rate increase for Newfoundland and Labrador
    9. Schedule 307: General corporate income tax rate increase for Newfoundland and Labrador
    10. Schedule 366: Decrease of the lower corporation income tax rate for New Brunswick
  3. New forms
  4. Revised forms
  5. Deleted forms
  6. New keywords
  7. Deleted keywords
  8. New options
  9. Revised options
  10. Deleted options
  11. Message from the CRA: NAICS codes (IMPORTANT reminder)

DT Max T3

  1. Known issues fixed in version 19.30
    1. TPF-646.Z - Keying summary for forms filed with the trust income tax return
    2. T3-Adjust: Data import issues
    3. T1055: Missing information
  2. Version highlights
    1. T1013: Requirements for form T3-APP
    2. 2016 budget proposals and applicable forms
    3. Suggestions from clients that have been added to version 19.30
  3. Revised forms
  4. Warning: verifying carryforward
  5. New keywords
  6. Deleted keywords
  7. New options
  8. Revised options

DT Max T5013

  1. Revised forms
  2. New keywords
  3. Revised keywords
  4. Deleted keywords

 

For all DT Max programs

  1. Implementation of announced tax changes

    Since our last release, the following budgets were announced:

    Alberta - April 14, 2016
    British Columbia - February 16, 2016
    Federal - March 22, 2016
    Manitoba - May 31, 2016
    New Brunswick - February 2, 2016
    Newfoundland and Labrador - April 14, 2016
    Northwest Territories - June 1, 2016
    Nova Scotia - April 19, 2016
    Nunavut - February 25, 2016
    Ontario - February 25, 2016
    Prince Edward Island - April 19, 2016
    Quebec - March 17, 2016
    Saskatchewan - June 1, 2016
    Yukon - April 7, 2016

    At the time of writing, the majority of the above-mentioned budget speeches were tabled in their respective legislatures.

    The 2016 DT Max tax planner takes into consideration the basic tax changes announced in each budget, allowing you for more effective planning opportunities, as well as the ability to perform cost projection calculations.

    Please refer to these topics from our Knowledge Base for a detailed review of the tax changes implemented:


  2. 2016 Planner Standard Caveat

    We would like to remind our users that the planner is equipped with the most recent information available at the time of our production process.

    This information includes the 2016 tax rates and the 2016 non-refundable tax credits and tax brackets indexed to reflect the 2016 amounts.

    In some cases, instead of an indexation factor, we have implemented the amounts prescribed by the taxing jurisdiction depending on the availability of the information.

    However, please note that due to various factors beyond our control, certain new tax measures are not included in our planner version. Should you require a precise projection (rather than an estimate) of your client's 2016 tax liability, we strongly suggest that you review our planner's results with care.

  3. XP and Vista reminder

    Don't let your business rely on an operating system that is no longer supported by Microsoft. If you have not upgraded to Windows 7 or higher, the security of your valuable data is at risk. And remember, DT Max will not run on Windows XP or Vista with the 2016 Planner.

DT Max T1

  1. Version highlights

    1. DT Practice integration

      If you own DT Practice v2015.2.3 or later, you can now export basic client information (e.g., name, address, etc.) from DT Max to DT Practice. This will save you time by avoiding duplicate entry of the same data in both programs. When exporting, you can choose either a single client or multiple clients. To use this feature, you must first enable it in both DT Max and DT Practice. See the DT Practice preferences Knowledge Base page for more information.

    2. Compatibility of French and English keywords

      As of tax year 2016, keywords will be compatible in French as well as in English. Whatever the language you may use to run your program, you may from now on enter the keywords in the language of your choice and DT Max will recognize them.

    3. Capital gains deduction: new worksheet

      Following the announcement made in the 2015 federal budget to gradually increase the lifetime capital gains exemption in respect of the disposition of qualified small business corporation shares up to a maximum of $1,000,000 - amount to be indexed thereafter - which represents the lifetime capital gains exemption in regard to the disposition of qualified farm property and qualified fishing property made after April 20, 2015, a new worksheet has been implemented in DT Max for easier understanding of the calculation of the capital gains deduction following the disposition of qualified property.

    4. Quebec tax shield

      As of 2016, a household can claim a new refundable tax credit called "tax shield" when filing their tax return if they meet the following criteria:

      • The work incomes have increased compared with those of the previous year. Note that the maximum eligible work income increase compared with the previous year is set at $3,000 for each spouse. Thus, a couple whose spouses have earned a work income increase of $3,000 or higher will be subjected to a $6,000 limit.

      • Socio-fiscal transfers associated with the work premium and the tax credit for childcare expenses will be reduced as a result of this increase of the eligible work income.

      The eligible household will receive a tax assistance, in respect of the "tax shield", that will allow them to recover a maximum of 75% of the loss of their transfers incurred in respect of the work premium and the tax credit for childcare expenses.

      A new worksheet has been integrated in DT Max to provide an estimate of the tax shield's value for eligible households.

  2. Notes

    1. Deceased or bankrupt taxpayers

      Although the tax planner might not be appropriate to prepare 2016 income tax returns for living taxpayers, it may be used legally to prepare returns on behalf of deceased or bankrupt taxpayers. Pursuant to DT Max's calculations, tax plans will appear as preliminary updates of tax forms for the new tax year. However, the returns of deceased or bankrupt taxpayers will be displayed on approved forms from the prior tax year, in conformity with the government's instructions.

      For more details, please consult the following "in-house" documents from the Knowledge Base: "Preparing the return of a deceased taxpayer" and "Preparing a bankruptcy return".

    2. Printing prescribed forms for 2016 returns

      Year after year, there is a certain level of confusion among tax preparers in regard to the forms' versions. Administrative policies differ from one level of government to the other as for the validity of the prescribed forms. DT Max was programmed in accordance with these administrative policies.

      1. Quebec

        When a 2016 tax return is produced before the official annual forms are made available, depending on whether the Quebec form is prescribed or not, the year that is printed may be 2015 or 2016. Even though the system's calculation engine is calibrated for tax year 2016, only a complete paper certification process (performed in the fall) allows the preparers to use the 2016 prescribed forms.

      2. Federal

        On all federal forms, the year is changed to 2016.

  3. New diagnostics

    1. Notes and diagnostics

      Federal:

      368 Home Accessibility Expenses

      You have entered expenses that are not eligible.

      The eligible expenses must be incurred after December 31, 2015, and before January 1, 2017.

      368 Home Accessibility Expenses

      The taxpayer is not entitled to the home accessibility expenses tax credit because the following conditions have not been met:

      • to be a senior (65 years of age or older) or a non-senior living with a family member who is a senior;

        OR

        to be a person with disabilities who is eligible for the Disability Tax Credit at any time in a particular taxation year or lives with a family member who is eligible for this credit.

      • for a deceased person, to be eligible only on the final return.

      T1135 - Foreign Income Verification Statement

      Please note the T1135 is not included within the transmission of a T1 return. To successfully submit a T1135 electronically you must transmit it separately from a T1 return by selecting the option T1135 e-submission from the Efile menu.

      Quebec:

      462 [ Code 32 ] Tax shield

      Note that the program is using the Quebec net income amount as shown under the 2015 Income-Hist keyword group to determine the net income increase.

      Please confirm that the net income amount used does not differ from the one indicated on the latest 2015 Quebec notice of assessment by selecting the option Data verified with the notice of assessment for the keyword Net-Income-QC.h under the Income-Hist keyword group.

      462 [ Code 32 ] Tax shield

      Spousal file:

      Note that the program is using the Quebec net income amount as shown under the 2015 Income-Hist keyword group in the spouse's file to determine the net income increase.

      Please confirm that the net income amount used does not differ from the one indicated on the latest 2015 Quebec notice of assessment by selecting the option Data verified with the notice of assessment for the keyword Net-Income-QC.h under the Income-Hist keyword group in the spouse's file.

      462 [ Code 32 ] Tax shield

      Note that the program used the Quebec work income of 2015 of the Income-Hist group to determine the work income increase.

      Please confirm that the work income amount used does not differ from the one shown on Quebec 2015 Schedule P according to the latest notice of assessment by selecting the option Data verified with the notice of assessment for the keyword Work-Income-QC.h under the Income-Hist keyword group.

      462 [ Code 32 ] Tax shield

      Note that the program used the Quebec work income of 2015 of the Income-Hist group in the spouse's file to determine the work income increase.

      Please confirm that the work income amount used does not differ from the one shown on Quebec 2015 Schedule P according to the latest notice of assessment by selecting the option Data verified with the notice of assessment for the keyword Work-Income-QC.h under the Income-Hist keyword group in the spouse's file.

      462 [ Code 31 ] RénoVert Home Renovation Tax Credit

      The following expenses were excluded from the RénoVert Home Renovation expenses because they were not incurred during an eligible period. The contract period must be after March 17, 2016, and before April 1, 2017, and the expenses have to be paid in the taxation year and after March 17, 2016.

    2. Error prevention reports

      Quebec:

      462 Tax shield

      The program cannot calculate the tax shield without entries for the keywords Net-Income-QC.h (previous year's net income) and Work-Income-QC.h (previous year's earned income) in the keyword group Income-Hist .

      This must be done for the taxpayer and, if applicable, for the taxpayer's spouse/partner.

      462 Tax shield

      The program cannot calculate the tax shield without an entry for the previous year's earned income using the keyword Work-Income-QC.h under the keyword group Income-Hist .

      462 Tax shield

      Spousal file:

      The program cannot calculate the tax shield without an entry for the spouse's previous year's earned income using the keyword Work-Income-QC.h under the keyword group Income-Hist .

  4. New forms

    Please note that, pending the official government forms, the following forms have been implemented temporarily for planning purposes:

    Federal:

    • Schedule 12 - Home Accessibility Expenses

    Quebec:

    • TP-1029.RV - RénoVert Home Renovation Tax Credit

    In-house form:

    • Federal worksheet - Summary of Reserves and Capital Gains on Dispositions of Eligible Property

  5. Revised forms

    Federal:

    • NL428 - Newfoundland and Labrador Tax and Credits

      Following the 2016 Newfoundland and Labrador budget announcement of the rate for the calculation of the tax credit for common dividends paid after July 1, 2016, which was decreased from 4.1% to 3.5%, a new line has been added on Schedule 428, line 6168, to take this change into account.

    • Schedule 1 - Federal Tax

      • The rate for the second tax bracket for personal income tax decreases from 22% to 20,5%.

      • A new tax bracket with a 33% rate has been added.

      • Lines 423 (Family tax cut) and 426 (Overseas employment tax credit) have been eliminated, since these credits have been eliminated as of 2016.

    • T1159 - Income Tax Return for Electing Under Section 216

      • The rate for the second tax bracket for personal income tax decreases from 22% to 20,5%.

      • A new tax bracket with a 33% rate has been added.

  6. Deleted forms

    Federal:

    • Schedule 1-A - Family Tax Cut

    • T626 - Overseas Employment Tax Credit

  7. New keywords

    1. In the keyword group Capital-Gains :

      1. Nbr-days-Retention : Number of days the shares were held.

        If you know the number of days during which the shares were held and you provide the date of disposition, DT Max will then automatically calculate the date of acquisition of the shares. However, if you provide both the dates of acquisition and disposition, DT Max will automatically calculate the number of days during which the shares were held.

    2. In the keyword group Medical , pertaining to Schedule 12 (Home Accessibility Expenses):

      1. SCH12-SUPPLIER : Name of the supplier or contractor (Schedule 12 and PROV(S12)).

      2. EXP-RELATED-BUS : Portion of expenses incurred and related to rental and/or business use, if any (Schedule 12 L.2).

        Use this keyword to enter the portion of expenses incurred and related to rental and/or business use, if any. This amount will be carried over to line 2 of federal Schedule 12.

    3. In the keyword group RelatedParty , pertaining to Quebec Schedule I (Additional Contribution for Subsidized Educational Childcare):

      1. Net-Inc-QuePrior.r : Quebec net income (line 275) of the prior year / spouse not processed.

        Use the keyword Net-Inc-QuePrior.r to enter the Quebec net income (line 275) of 2015 of the spouse not processed.

        To determine the additional contribution payable for 2016, you must enter the amount from line 275 of the Quebec return of 2015 or as per the latest notice of assessment. You must take into account all the income earned, including the income earned while the individual was not a resident of Canada.

    4. In the keyword group Income-Hist :

      1. Net-Income-QC.h : Quebec net income (line 275) of the prior year.

        As of tax year 2016, use this keyword to enter the Quebec net income (line 275) of the previous year. For an existing client, this information will be automatically reported by the program with the option "Data entered or carried forward by the program". The tax preparer should verify this information as per the latest notice of assessment and use the option "Data verified with the notice of assessment" to confirm the amount entered or carried forward. The previous year's net income will be used by the program to calculate the additional contribution (Schedule I) as well as the tax shield (Worksheet 462).

      2. Work-Income-QC.h : Quebec work income [Schedule P] in the year of reference.

        The amount for 2015 must be entered manually and will be used by the program to calculate the tax shield (Worksheet 462).

        The tax preparer should verify this information as per the latest notice of assessment and use the option "Data verified with the notice of assessment" to confirm the amount entered.

    5. In the keyword group T-Slip , pertaining to the Newfoundland and Labrador investment slips:

      1. DIVORD-BEFJULY1 : Portion of taxable amount of ordinary dividends paid before July 1, 2016 [NL L.6168].

    6. Standalone keyword pertaining to the Newfoundland and Labrador investment slips:

      1. DIVORDBEFJULY1 : Taxable amount (117%) and source of ordinary dividends paid before July 1, 2016 [NL L.6168] [Fed. L.120].

    7. Standalone keyword pertaining to the Quebec Tax credit for Workers 64 and older:

      1. Inc-Bef-Birthday : Amount of income earned before the birthday (age 64 or 65) (Q391, L.2 and 4) (override)

  8. Deleted keywords

    1. SCHED-I-PRIORNI : This keyword has now been replaced by the new keyword Net-Income-QC.h in the keyword group Income-Hist .

    2. INCOME-BEF65

      This keyword has been replaced by the new keyword Inc-Bef-Birthday

    3. In the keyword group RelatedParty :

      1. SCHED-I-PRIORNI.R

        This keyword has been replaced by the new keyword Net-Inc-QuePrior.r .

    4. In the keyword group Medical :

      1. SUPPLIER-NAME

        This keyword has been replaced by the new keyword SCH12-SUPPLIER .

    5. In the keyword group Foreign-Inc , pertaining to foreign employment income, the following keywords have been deleted following the elimination of the Overseas Employment Tax Credit as of 2016:

      1. CLAIM-T626

      2. QUAL-DATE-1

      3. QUAL-DATE-2

      4. EMPLOYEEINFO.T6

      5. EMPLOYERNAME.T6

      6. OFFICERNAME.T626

  9. New options

    1. For the keyword Renovation :

      RénoVert Tax Credit (TP-1029.RV)

  10. Deleted options

    1. For the keyword Renovation :

      LogiRénov Home Renovation Tax Credit (TP-1029.LR)

DT Max T2

  1. Program certification

    Federal:

    For DT Max T2 version 19.30, the federal barcodes and the Corporation Internet Filing module have received full CRA certification valid for taxation years ending up to and including October 31, 2016 under the DT33 stamp.

    Alberta:

    Likewise, this version has received full certification for the RSI (Return and Schedule Information), as well as for the Net File module that allows the electronic filing of Alberta corporate tax returns, from Alberta's Tax and Revenue Administration (TRA) under the DT33 stamp.

    Quebec:

    Version 19.30 has also undergone an authorization process with Revenu Québec for the paper version of the new Quebec remittance slip COZ-1027.P and has been approved under number RQCO-1511. Please refer to the New forms section of the "What's new" for more details.

  2. Version highlights

    1. Online mail service

      Corporations can now sign up for the "Manage online mail" service through the Internet. The ability to register for "Manage online mail" is only applicable for initial assessments (IAS). The service cannot be updated when a corporation is submitting a reassessment.

      The keyword MyBusinessAcct should be entered to register for the Canada Revenue Agency's online mail service.

      If you register, the Canada Revenue Agency will send you an email when eligible notices, letters, or statements are available for viewing in My Business Account (separate registration is required). The Canada Revenue Agency will not send these eligible notices, letters, or statements to you through Canada Post.

      Corporations that provide their email address must register fully and sign into the My Business Account portal to view their output and manage their online mail. Correspondence will not be delivered electronically until you are registered.

    2. T1135 e-submission

      Efile service providers will have the capability to electronically submit the Form T1135, Foreign Income Verification Statement, to the Canada Revenue Agency (CRA).

      From the Efile menu, clicking T1135 e-submission and OK will transmit the T1135 form.

      After you click OK, DT Max will automatically submit each T1135 form separately. The files will be processed in real time, meaning that the response will be almost instantaneous. The results can be viewed from the Efile Transmission Log or from within the client's file.

      Please note that if the T1135 e-submission is accepted, DT Max will write the result into the Progress keyword group. If it is rejected, the error code will be written into the EfileT1135Error keyword.

      IMPORTANT: Please do not submit paper copies of the form unless requested to do so by the CRA.

    3. Client invoice

      It is now possible to generate a client invoice with the data entry keywords in this version of DT Max T2. Please refer to the New keywords section of the "What's new" for a listing of the applicable keywords.

    4. Toggle between equivalent federal/provincial forms in 2016 and later tax years

      When viewing the tax return, it is now possible to jump to the equivalent form for another or several other jurisdictions (i.e. federal or provincial) for many forms. To do so, you may either use the new icon on the toolbar, or the keyboard shortcut (Ctrl+F4). If a given form has more than one equivalent form in another or several other jurisdictions, you will be presented with a list to choose from.

      Note that the toolbar icon is highlighted and the keyboard shortcut is available only when an equivalent form exists for another jurisdiction.

    5. New SmartStart sections added

      New SmartStart sections have been added in DT Max: "My Business Account" and "Billing".

    6. Changes affecting the HST

      1. For New Brunswick:

        The Minister announced a 2% increase in the harmonized sales tax (HST) rate to 15% effective July 1, 2016 by raising the provincial component of the HST rate to 10% from 8%.

      2. For Prince Edward Island:

        The Minister announced a 1% increase in harmonized sales tax (HST) rate to 15% effective October 1, 2016 by raising the provincial component of the HST rate to 10% from 9%.

      3. For Newfoundland and Labrador:

        The HST rate will increase by 2 percentage points effective July 1, 2016.

    7. Schedule 300: Elimination of the Newfoundland and Labrador M&P profits tax credit

      The Newfoundland and Labrador M&P profits tax credit is eliminated, retroactive to January 1, 2016. This change has been implemented in this version of DT Max T2.

    8. Schedule 305: Financial corporation capital tax rate increase for Newfoundland and Labrador

      Retroactive to January 1, 2016, the financial corporation capital tax rate increased from 5% to 6%. This change has been implemented in this version of DT Max T2.

    9. Schedule 307: General corporate income tax rate increase for Newfoundland and Labrador

      Retroactive to January 1, 2016, the general corporate income tax rate has increased from 14% to 15%. This change has been implemented in this version of DT Max T2.

    10. Schedule 366: Decrease of the lower corporation income tax rate for New Brunswick

      Effective April 1, 2016, the lower rate of corporation income tax has decreased from 4% to 3.5%. This change has been implemented in this version of DT Max T2.

  3. New forms

    Federal:

    • Schedule 309 - Additional Certificate Numbers for the Newfoundland and Labrador Interactive Digital Media Tax Credit (2015 and later tax years)

      Use the keyword ProvCreditOV with the option "Digital media tax credit - Newfoundland & Labrador" to generate this form.

      This form lists Newfoundland and Labrador interactive digital media tax credits and certificate numbers when there are two or more credits.

    • Schedule 348 - Additional Certificate Numbers for the Nova Scotia Digital Animation Tax Credit (2015 and later tax years)

      Use the keyword Cred-Film with the option "Nova Scotia digital animation" to generate this form.

      This forms lists Nova Scotia digital animation tax credits and certificate numbers when there are two or more credits.

    Quebec:

    • COZ-1027.P - Payment of a Corporation's Income Tax, Tax on Capital, Registration Fees or Compensation Tax (Remittance slip)

      This form is intended for a corporation that has an amount payable pursuant to the Taxation Act and for which an amount is entered on line 435 of the Corporate Income Tax Return (CO-17) or the Information and Income Tax Return for Non-Profit Corporations (CO-17.SP).

      You cannot use the remittance slip to pay a balance in person at a financial institution.

    In-house form:

    • Client invoice

  4. Revised forms

    Federal:

    • Schedule 200 - T2 Corporation Income Tax Return (2015 and later tax years)

      Line 550 has been adjusted to increase from 28% to 33% the tax rate on personal services business income earned by corporations. For tax years that straddle 2015 and 2016, the rate will be prorated according to the number of days in the tax year that are after 2015.

      This change has been implemented in this version of DT Max T2.

    • Schedule 1 - Net Income (Loss) for Income Tax Purposes (2015 and later tax years)

    • Schedule 5 - Tax Calculation Supplementary - Corporations (2015 and later tax years)

      New lines 522 and 840 have been added for the Newfoundland and Labrador Interactive Digital Media Tax Credit.

      New lines 569 and 839 have been added for the Nova Scotia Digital Animation Tax Credit.

      Line 632 has been deleted for the Saskatchewan Royalty Tax Rebate.

    • Schedule 31 - Investment Tax Credit - Corporations (2012 and later taxation years)

    • Schedule 307 - Newfoundland and Labrador Corporation Tax Calculation (2014 and later tax years)

    • Schedule 366 - New Brunswick Corporation Tax Calculation (2015 and later tax years)

    • Schedule 380 - Manitoba Research and Development Tax Credit (2015 and later tax years)

      In Part 1 (Summary of total eligible expenditures incurred in the current tax year), lines 112 and 114 have been deleted.

      The update of this form also reflects the fact that an unused credit expires after 20 years if it was earned in a tax year ending after 2005. The keywords ManITC-CF and CR-Trans when the option for ProvITC-CF is "SR&ED ITC - Manitoba" have been modified to allow for 20 prior years.

    • Schedule 384 - Manitoba Paid Work Experience Tax Credit (2015 and later tax years)

      New sections for youth work experience hiring incentive (Part 2) and for apprentice hiring incentive for high school apprentice (Part 7) have been added. Use the keyword Credit-Type for these new options in the Employment group.

    • Schedule 392 - Manitoba Data Processing Investment Tax Credits (2013 and later tax years)

      New line 309 in Part 3 (Data processing centre investment tax credit for operator) has been added for the credit allocated from a partnership.

      New lines 498 and 499 have been added in Part 5 (Data processing properly investment tax credit) for the credit earned in the current year and credit allocated from a partnership.

      Part 6 is all new for data processing centre investment tax credit for building lessor.

    • Schedule 423 - British Columbia Production Services Tax Credit (2015 and later tax years)

      There have been changes to Parts 7 and 8 concerning the animation productions that start animation after June 26, 2015. For animated productions that start key animation after June 26, 2015, no minimum number or percentage of principal photography days is required.

      Use the keyword Animation in the subgroup Credit-Types in the Cred-Film group and select the option "British Columbia production services" to indicate if the animation production started after June 26, 2015.

    • Schedule 428 - British Columbia Training Tax Credit (2015 and later tax years)

      Under Part 3 of the form (Enhanced tax credits first 24 months of a Red Seal apprenticeship program), lines 410 and 415 have been deleted for salaries and wages paid before June 3, 2010. As such, the option "Salaries/wages payable before June 3, 2010" in the keyword Salaries.cr has been deleted.

    • Schedule 504 - Ontario Resource Tax Credit and Ontario Additional Tax re Crown Royalties (2015 and later tax years)

      The form has been updated to reflect the fact that for tax years starting after April 22, 2015, the Ontario Resource Tax Credit and the Ontario Additional Tax re Crown Royalties are eliminated. The credit and the tax are prorated for tax years that include April 23, 2015.

      Line 125 in Part 3 (Ontario Resource Tax Credit) has been added for the credit expired after the first five tax years beginning after April 23, 2015.

    • Schedule 508 - Ontario Research and Development Tax Credit (2009 and later tax years)

      For taxation years that begin after May 31, 2016, qualifying corporations can claim a 3.5 per cent non-refundable tax credit on eligible scientific research and experimental development expenditures performed in Ontario. For taxation years that end before June 1, 2016, the tax credit rate is 4.5 per cent. The tax credit rate is prorated for taxation years straddling June 1, 2016. The credit may be applied to reduce Ontario corporate income tax otherwise payable.

      This change has been implemented in this version of DT Max T2.

    • Schedule 552 - Ontario Apprenticeship Training Tax Credit (2015 and later tax years)

      Please note that the following changes have been made for eligible expenditures relating to apprentices who began an apprenticeship program after April 23, 2015:

      • The general tax credit rate has been decreased from 35 per cent to 25 per cent.

      • The tax credit rate for small businesses with salaries or wages under $400,000 per year has been decreased from 45 per cent to 30 per cent.

      • The annual maximum credit for each apprentice has been decreased from S10,000 to $5000.

      • The eligibility period for the first 48 months of an apprenticeship program has been reduced to the first 36 months of an apprenticeship program.

      For Part 3 (Specified percentage), line 310 has been deleted and line 314 has been added.

      For Part 4, lines 441, 440, 451 and 450 have been deleted and lines 443, 453 have been added.

    • Schedule 554 - Ontario Computer Animation and Special Effects Tax Credit (2015 and later tax years)

      The 2015 Ontario Budget announced changes to reduce the OCASE tax credit rates for expenditures incurred after April 23, 2015. This form has been updated to reflect these changes.

      • For Part 4 (Ontario labour expenditures before April 24, 2015), lines 410, 420 and 430 have been deleted.

      • Parts 6 (Ontario labour expenditures after April 23, 2015) and 7 (Assistance after April 23, 2015) are new.

      • For Part 8 (Tax credit calculation), lines 601, 611 and 612 are new.

      • A new option has been added to the keyword Labour-Exp.f that reflects qualified labour expenditures after April 23, 2015. Please review the data entry and adjust the data accordingly.

    • Schedule 558 - Ontario Production Services Tax Credit (2015 and later tax years)

      This form has been updated to reflect the following changes:

      • Parts 6 and 7 are new and used to indicate the Ontario production expenditure incurred after April 23, 2015 and the assistance attributable to the expenditure incurred after April 23, 2015.

      • Part 9 is also new and is used to calculate the qualified production expenditure incurred after April 23, 2015.

      Use the keyword Labour-Exp.f with the option "Qual. production exp. after April 23, 2015" in the Cred-Film group to enter this information.

    • Schedule 566 - Ontario Innovation Tax Credit (2015 and later tax years)

      The province proposes to reduce the rate from 10% to 8%.

      For taxation years that commence after May 31, 2016, qualifying corporations can claim an 8 per cent refundable tax credit for qualified expenditures on scientific research and experimental development performed in Ontario. For taxation years that end before June 1, 2016, the tax credit rate is 10 per cent. The tax credit rate is prorated for taxation years straddling June 1, 2016.

      This change has been implemented in version 19.30 of DT Max T2.

    • RC59 - Business Consent

      A new tick box has been added in Part 5 (Certification) of the form to specify if the individual signing the form is a corporate officer. Use the keyword Type-Officer and the option "Corporate officer" in the CorpOfficers group.

    • T1135 - Foreign Income Verification Statement

      Please note that the option "Other" for CountryCode.t has been removed when the keyword Prop-Type with the options "Funds held outside Canada" and "Real property outside Canada" are selected. Please verify the data entry and adjust accordingly.

    • T1141 - Information Return in Respect of Transfers of Loans to a Non-Resident Trust

      This form has been modified. The first page of the form is a summary page for all occurrences of the keyword Foreign-Info when the option "T1141 - Transfers/loans to non-resident trusts" is selected. The second page of the form is a supplement and will be generated for each occurrence of the non-resident trust.

      Changes have been made to the various country keywords in the Foreign-Info group. A three-character abbreviation for each country will be shown on the form as opposed to the previous two-character abbreviation. Please verify the data entry and adjust the data accordingly.

    • T1142 - Information Return in Respect of Distributions from and Indebtedness to a Non-Resident Trust

      This form has been modified. The first page of the form is a summary page for all occurrences of Foreign-Info when the option "T1142 - Distr./indebt. owed to a non-res. trust" is selected. The second page of the form is a supplement and will be generated for each occurrence of the non-resident trust.

      In addition, changes have been made to the various country keywords in the Foreign-Info group. A three-character abbreviation for each country will be shown on the form as opposed to the previous two-character abbreviation. Please verify the data entry and adjust the data accordingly.

      Please also note that due to some other minor changes to the form, the keyword DESCR-PROP has been changed to Description.f .

    Quebec:

    • FM-220.3 - Property Tax Refund for Forest Producers

      Development expenses incurred as of the first fiscal year beginning after December 31, 2013, can be carried forward over the next five years. If the expenses were incurred in a fiscal year beginning before January 1, 2014, they can be carried forward over two years only.

      To account for this scenario, in Part 2 (Eligible development expenses for the year), the new lines 12a, 12b and 12c have been added.

    Please note that English versions of the Quebec forms below are now available:

    • CO-1029.8.36.DA - Tax Credit for the Development of E-Business

    • 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

    • CO-1029.8.36.IN - Tax Credit for Investment

    • CO-1029.8.36.RO - Tax Credit for Job Creation in the Resource Regions, Vallée de l'Aluminium, Gaspésie and Certain Maritime Regions of Québec (2012 and subsequent calendar years)

    • CO-1029.8.36.RP - Agreement Respecting the Base Amount for Assistance Granted in the Resource Regions

    • CO-1029.8.36.RQ - Agreement Respecting the Tax Credit for Job Creation in the Resource Regions, the Vallée de l'Aluminium, Gaspésie and Certain Maritime Regions of Québec

    • CO-1029.8.36.SM - Tax Credit for the Production of Performances

    • CO-1029.8.36.TM - Tax Credit for Multimedia Titles

    • CO-1029.8.36.XM - Tax Credit for the Production of Multimedia Events or Environments Presented Outside Québec

  5. Deleted forms

    Federal:

    • Schedule 400 - Saskatchewan Royalty Tax Rebate Calculation (Corporations) (2003 and later taxation years)

  6. New keywords

    1. Pertaining to the new Client invoice:

      1. Bill-Type : Billing type

        Use the keyword Bill-Type to indicate the billing type.

    2. In the Cred-Film group, pertaining to the new federal Schedule 348 (Additional Certificate Numbers for the Nova Scotia Digital Animation Tax Credit):

      1. Certificate.cf : Certificate number

        Use the keyword Certificate.cf to enter the certificate number.

    3. In the Credit-Type subgroup of the Employment keyword group, pertaining to federal Schedule 384 (Manitoba Paid Work Experience Tax Credit):

      1. FedApprentice-Cr : Amount received from Federal apprenticeship job creation tax credit.

        The incentive that a corporation may claim under subsection (6) of the Manitoba Income Tax Act in respect of a period of employment is reduced by the amount, if any, that the corporation may claim under subsection 127(9) of the federal Act as an investment tax credit for an apprenticeship expenditure in respect of the apprentice.

        Use the keyword FedApprentice-Cr to enter the amount received from the federal apprenticeship job creation tax credit.

    4. In the MyBusinessAcct keyword group, pertaining to the CRA's My Business Account online portal:

      1. MyBusinessAcct : My Business Account online portal

        My Business Account is a secure online portal that provides an opportunity to interact electronically with Canada Revenue Agency (CRA) on various business accounts. Business accounts include GST/HST (except for GST/HST accounts administered by Revenu Québec), payroll, corporation income taxes, excise taxes, excise duties, and more.

        Business owners (including partners, directors, and officers) can use My Business Account.

        My Business Account offers a variety of online services for businesses. To view a list of the services available for businesses, go to: "What can I do on My Business Account?"

      2. OnlineMail : Whether to register for online mail

        Corporations may register for online mail by submitting an email address and agreeing to electronic delivery of correspondence with the filing of their return.

        The ability to register for "Manage online mail" is only applicable to initial assessments (IAS).

        The email address and the authorization obtained via the T2 Return will allow the program account to be registered for the "Manage online mail" service in My Business Account. Once this information is accepted from the return, the user will be able to manage online mail in the same manner as if the registration occurred through My Business Account.

        Corporations that provide CRA with their email address must register fully and sign into the My Business Account portal to view their output and to manage their online mail.

        If the corporation registers for online mail for their T2 account, the CRA will send an email when eligible notices, letters, or statements are available for viewing in My Business Account (separate registration is required). The CRA will not send these eligible notices, letters, or statements to the corporation through Canada Post.

      3. Email.m : Corporation's electronic mail address.

        Enter the corporation's E-mail address here.

    5. In the Labour-Exp.f subgroup of the Cred-Film GROUP, pertaining to federal Schedule 558 (Ontario Production Services Tax Credit):

      1. QPE-Limit : Qualified production expenditure limit.

        Use the keyword QPE-Limit to enter the amounts pertaining to the qualified production expenditure limit.

    6. In the Foreign-Info group, pertaining to federal form T1142 (Information Return in Respect of Distributions from and Indebtedness to a Non-Resident Trust):

      1. IntPaid-Amount : Interest paid or credited in the year.

        Use the keyword IntPaid-Amount to enter the amount of interest paid or credited on the debt in the taxation year.

      2. PartXIII-Tax : Whether Part XIII tax was withheld.

        Use the keyword PartXIII-Tax to indicate if Part XIII was withheld.

      3. TrustNumber.tr : Trust account number of foreign trust.

        Use the keyword TrustNumber.tr to enter the trust account number of the foreign trust.

      4. State.tr : State of trustee

        Use the keyword State.tr to indicate the state of the mailing address of the trustee.

    7. Pertaining to the T1135 e-submission:

      1. EfileT1135Error : T1135 efile error code.

        The keyword EfileT1135Error lists the T1135 e-submission error message(s) received. Please refer to our knowledge base for a listing of all the T1135 error messages.

    8. In the CCA-Class keyword group, pertaining to federal Schedule 392 (Manitoba Data Processing Investment Tax Credits):

      1. Description.p : Description of data processing centre property or building.

        Use Description.p to enter the description of the data processing centre property or building leased to an eligible corporation in the current year.

      2. DateAcquired.p : Acquisition date of property

        Use DateAcquired.p to enter the date the property became available for use.

      3. CR-PREVYRS : Tax credit claimed in each previous year for property.

        Use CR-PREVYRS to enter the total of the tax credit claimed for the property in each previous year.

      4. LEASE-YRS : Term of the lease in years

        Use LEASE-YRS to enter the term of the lease in years.

      5. CREDITALLOC :Credit allocated from a partnership.

        Use CREDITALLOC to enter the amount of the credit allocated from a partnership.

      6. PROVITC-ADD : Current year addition eligible for provincial ITC and type.

        Use PROVITC-ADD to enter the amount for expenditures eligible for provincial investment tax credits.

    9. In the keyword group Bill-Note , pertaining to the new Client invoice :

      1. Bill-Note : Internal note regarding billing.

        Use the keyword Bill-Note to enter an internal note regarding billing.

      2. Bill : Amount and text of invoice to be generated for the client.

        Use the keyword Bill followed by the proper amount to have DT Max print an invoice to send to your client for tax preparation services.

        DT Max will produce a standard invoice for tax preparation services using the amount requested. If you wish to produce a more detailed account, repeat the Bill keyword giving the amount and description for each entry. DT Max will produce a detailed invoice with the different amounts and descriptions, and the total. This will allow you to customize your invoices to some degree.

        To obtain an invoice with no amount, or to enter an item with no amount attached, enter "0" as the amount of Bill .

        DT Max will total the amounts entered and provide a subtotal of the charges. Then it will add the federal goods and services tax (GST) and the applicable provincial sales tax (PST) to produce the total amount due.

        As the GST/HST/PST number of your firm must appear on the invoice, make sure that it is entered in your Preferences menu under the Identification numbers tab.

      3. Bill-Hours : Number of hours the client is to be billed.

      4. HourlyCharge : Hourly rate charge for the number of hours the client is to be billed.

        Use the keyword HourlyCharge to enter the hourly rate charge for the number of hours the client is to be billed.

      5. Bill-Adjust$ : Adjustment to client's invoice, in dollar amount.

        Use the keyword Bill-Adjust$ to add further charges or discounts to a client's invoice, if needed.

        Enter a positive amount for a charge or a negative amount for a discount. For each entry, remember to enter the appropriate text.

      6. Bill-Adjust% : Percentage adjustment to client's invoice.

        Use the keyword Bill-Adjust% to raise your fees by whole percentage points or to give your client a percentage discount.

        Enter a positive percentage for a charge and a negative percentage for a discount.

      7. Bill-Text : Text to be printed at the bottom of the invoice.

        Use Bill-Text to add additional notes or conditions at the bottom of the invoice.

      8. Invoice-Num : Invoice number.

      9. App-GSTbeforePST : Whether GST should be included in the calculation of the PST.

    10. In the keyword group Bill-GST-HST-OV , pertaining to the new Client invoice:

      1. Bill-GST-HST-OV : Select the applicable tax to charge (if different from the preferences menu).

        Use the keyword Bill-GST-HST-OV and select the applicable tax to be used 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, or

        • 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.

      2. HST-Rate.b : HST rate to be used.

      3. GST/HST-Number.b : GST/HST registration number (if different from the Preferences menu).

      4. GST-Rate.b : GST rate to be used.

      5. PST-Rate.b : PST rate to be used.

      6. GST-Number.b : GST registration number (if different from the Preferences menu).

      7. PST-Number.b : PST registration number (if different from the Preferences menu).

    11. Standalone keyword pertaining to the Client invoice:

      1. Bill-Code : Billing code or reference number to be printed on the invoice.

        If your firm uses billing codes, use the keyword Bill-Code to enter them into the database.

    12. In the keyword group Foreign-Info , pertaining to federal form T1141 (Information Return In Respect of Transfers of Loans to a Non-Resident Trust):

      1. SS233-2(4-1) : Whether T1141 is being filed due to Ss. 233.2(4.1)

        Use the keyword SS233-2(4-1) to indicate whether this filing is required because of Ss.233.2(4.1).

      2. Attachments : Indicate the documents attached to the return.

        Use the keyword Attachments to indicate the documents attached to the return. The constituting documents and memoranda of wishes need only be attached in the first year of filing.

      3. TrusteeChanged : Whether the trustee change from its last reporting.

        Use the keyword TrusteeChanged to indicate if the trustee, or those responsible for making decisions regarding the trust arrangement or entity, changed from its last reporting.

      4. Reason-For-Change : Reason for change of trustee.

        Use the keyword Reason-For-Change to enter the reason for change of trustee.

      5. Province.pr : Province of the person involved with the trust.

        Use the keyword Province.pr to enter the province of the person involved with the trust.

      6. State.pr : State of the person involved with the trust.

        Use the keyword State.pr to enter the state of the person involved with the trust.

      7. SIN.tu : SIN of the person involved in this transaction type.

        Use the keyword SIN.tu to provide the social insurance number of the person involved in the transaction type indicated with the keyword Trust-Trans .

      8. Business-Num.tu : Business number of the person involved in this transaction type.

        Use the keyword Business-Num.tu to provide the business number of the person involved in the transaction type indicated with the keyword Trust-Trans .

      9. Trust-Number.tu : Trust number of the trust involved in this transaction type.

        Use the keyword Trust-Number.tu to provide the trust number of the trust involved in the transaction type indicated with the keyword Trust-Trans .

      10. Province.tu : Province of the person involved in this transaction type.

        Use the keyword Province.tu to enter the province of the person involved in the transaction type indicated with the keyword Trust-Trans .

      11. State.tu : State of the person involved in this transaction type.

        Use the keyword State.tu to enter the state of the person involved in the transaction type indicated with the keyword Trust-Trans .

      12. Distribution-Type : Nature of distribution.

        Use the keyword Distribution-Type to indicate whether the distribution was cash or capital in nature.

      13. Amount-Max.tu : Maximum amount owed during the year.

        Use the keyword Amount-Max.tu to enter the maximum amount owed during the year.

      14. Interest-Rate.tu : Interest rate applicable to the amount owed.

        Use the keyword Interest-Rate.tu to enter the interest rate applicable to the amount owed.

    13. In the PaymentCode group, pertaining to the new Quebec form COZ-1027.P (Remittance slip):

      1. PaymentDate-Qc : Date of enclosed payment.

        Use PaymentDate-Qc to enter the date of enclosed payment for purposes of Quebec COZ-1027.P.

  7. Deleted keywords

    1. In the Royalty keyword group, pertaining to the deleted federal Schedule 400 (Saskatchewan Royalty Tax Rebate Calculation (Corporations)):

      1. ATTR-ROYALTY : Attributed royalties & taxes re Sask royalty tax rebate.

      2. DEPADJFACTCF : Depletion adjustment factor carryforward - opening.

      3. TAXREBATECF : Royalty tax rebate carryforward end of prec tax yr.

      4. TRANSF-SASK : Transferred on amalgamation or wind-up.

      5. TAXREBATEOV : Royalty tax rebate claimed /ov.

    2. In the Trust-Indebt subgroup of the Foreign-Info group:

      1. INT-PAID.T : Whether interest on the debt was paid during the year.

    3. In the Foreign-Info group, pertaining to federal form T1141 (Information Return In Respect of Transfers of Loans to a Non-Resident Trust):

      1. TRANSFER.TR : Obligation to file T1141 arising before 1991.

      2. TRANSFERYEAR : Year of earliest transfer or loan.

  8. New options

    1. For the keyword Bill-Type , pertaining to the new Client invoice:

      Automatic - itemized tasks and costs
      Automatic - itemized tasks only
      Automatic - total only

    2. For the keyword Labour-Exp.f , pertaining to federal Schedules 558 (Ontario Production Services Tax Credit) and 554 (Ontario Computer Animation and Special Effects Tax Credit):

      Qual. production exp. after April 23, 2015
      Qualified labour expenditures after April 23, 2015

    3. For the keyword Cred-Film , pertaining to federal Schedule 348 (Additional Certificate Numbers for the Nova Scotia Digital Animation Tax Credit):

      Nova Scotia digital animation

    4. For the keyword OnlineMail , pertaining to the CRA's My Business Account online portal:

      Agree to register to online mail - use EMAIL kw if entered
      Agree to register to online mail - different email address
      No - do not agree to register to online mail

    5. For keywords ELIG-COSTS and DAYS-EMPLOY , pertaining to federal Schedule 552 (Ontario Apprenticeship Training Tax Credit):

      Elig. exp. for program began before April 24, 2015
      Elig. exp. for program began after April 23, 2015

    6. For the keyword ProvCreditOV , pertaining to the new federal Schedule 309 (Additional Certificate Numbers for the Newfoundland and Labrador Interactive Digital Media Tax Credit):

      Digital media tax credit - Newfoundland & Labrador

    7. For the keyword ProvITCExp , pertaining to federal Schedule 392 (Manitoba Data Processing Investment Tax Credits):

      Data processing centre property for building lessor - Man.
      Data processing centre building for building lessor - Man.

    8. For keywords ManITC-CF and CR-Trans (when keyword ProvITC-CF is used), pertaining to federal Schedule 380 (Manitoba Research and Development Tax Credit):

      21st prior year

    9. For the keyword Credit-Type in the Employment group, perrtaining to federal Schedule 384 (Manitoba Paid Work Experience Tax Credit):

      Youth work experience hiring incentive
      Apprentice hiring incentive for high school

    10. For the keyword Salary (when keyword Credit-Type is used), pertaining to federal Schedule 384 (Manitoba Paid Work Experience Tax Credit):

      Total salaries and wages paid to youth

    11. For the keyword Leasing-Cost , pertaining to federal Schedule 1 (Net Income (Loss) for Income Tax Purposes - Supplement (Leasing expenses)):

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

    12. For the keyword QPE-Limit , pertaining to federal Schedule 558 (Ontario Production Services Tax Credit):

      Eligible wage exp. (current and previous years)
      Eligible service contract exp. (current and previous years)
      Parent elig. wage & service contract exp. (curr./prev. yrs)

    13. For the keyword Asset-Code , pertaining to federal Schedule 8 (Capital Cost Allowance (CCA)):

      21 Electric vehicle charging stations
      22 Electrical energy storage

    14. For the keyword Progress , pertaining to federal form T1135 (Foreign Income Verification Statement):

      T1135 Foreign income verification statement - submitted
      T1135 Foreign income verification statement - resubmitted

    15. For the keyword ProvCr-Alloc , pertaining to federal Schedule 392 (Manitoba Data Processing Investment Tax Credits):

      Credit allocated from a partnership - sch. 392

    16. For the keyword Invoice-Num , pertaining to the Client invoice:

      Invoice number - specify
      Allocate automatically based on client number
      Leave space for the number to be manually added
      Do not show an invoice number

    17. For the keyword Bill-GST-HST-OV , pertaining to the Client invoice:

      GST and PST
      GST only
      HST

    18. For the new keyword Attachments , pertaining to federal form T1141 (Information Return In Respect of Transfers of Loans to a Non-Resident Trust):

      Trust constituting documents, including terms of the trust
      Amended trust constituting documents
      Memorandum of wishes for the trust, arrangement or entity
      Other constituting documents for the arrangement or entity
      Changes to other const. doc. for the arrangement or entity
      Financial statements of the trust, arrangement or entity

    19. For the keyword Type-Officer , pertaining to federal form RC59 (Business Consent):

      Corporate officer

    20. For the keyword Tax-Inc-Ded , pertaining to Quebec form CO-17 (Corporate Income Tax Return):

      Income-averaging deduction for forest producers
      Innovative manufacturing corporations

    21. For the keyword Special-Tax , pertaining to Quebec form CO-17 (Corporate Income Tax Return):

      89 Innovative manufacturing corporations
      90 Major digital transformation projects

    22. For the keyword Que-Credits , pertaining to Quebec form CO-17 (Corporate Income Tax Return):

      Major digital transformation projects

    23. For the keyword Letter-Data , pertaining to the Client letter

      %220 Amount of client invoice

  9. Revised options

    1. For the keyword Labour-Exp.f , pertaining to federal Schedules 554 (Ontario Computer Animation and Special Effects Tax Credit) and 558 (Ontario Production Services Tax Credit):

      Qualified labour expenditures before April 24, 2015
      Qual. production exp. before April 24, 2015

  10. Deleted options

    1. For the keyword Labour-Exp.f , pertaining to federal Schedule 423 (British Columbia Production Services Tax Credit):

      Qualified labour expenditures (before March 1, 2010)
      Qual. labour exp. - animation (before March 1, 2010)

    2. For the keyword Remuneration , pertaining to federal Schedule 554 (Ontario Computer Animation and Special Effects Tax Credit):

      Remuneration paid to individuals (before March 27, 2009)
      Remuneration paid to partnerships (before March 27, 2009)

    3. For the keyword Net-Inc-Add , pertaining to federal Schedule 1 (Net Income (Loss) for Income Tax Purposes):

      Loss from international banking centres

    4. For the keyword Net-Inc-Ded , pertaining to federal Schedule 1 (Net Income (Loss) for Income Tax Purposes):

      Income from international banking centres

    5. For the keyword ProvITCExp.r , pertaining to federal Schedule 380 (Manitoba Research and Development Tax Credit):

      SR&ED ITC - MB (exp. not under R&D contract before 2011)
      SR&ED ITC - MB (exp. not under R&D contract in 2011)
      SR&ED ITC - MB (repayments for exp. before March 9, 2005)

    6. For the keyword Salaries.cr , pertaining to federal Schedule 428 (British Columbia Training Tax Credit):

      Salaries/wages payable before June 3, 2010

    7. For the deleted keyword ATTR-ROYALTY , pertaining to federal Schedule 400 (Saskatchewan Royalty Tax Rebate Calculation (Corporations)):

      Canadian royalties & taxes - Sask
      Canadian royalties & taxes - other

    8. For the deleted keyword TRANSF-SASK , pertaining to federal Schedule 400 (Saskatchewan Royalty Tax Rebate Calculation (Corporations)):

      Canadian royalties & taxes - Sask
      Canadian royalties & taxes - other

  11. Message from the CRA: NAICS codes (IMPORTANT reminder)

    We have been notified by the CRA that they have still been receiving numerous corporate returns with invalid NAICS codes.

    We wish to remind you that the integration of NAICS codes requires corporations to pick their main revenue-generating business activity. Active corporations that file their T2 returns either by Internet or on paper using 2D bar codes must choose the most appropriate code to describe their main revenue-generating business activity.

    It is crucial that the most accurate business activity is selected using the keyword NAICS.act in the Activity keyword group. The corporation should validate that the business description chosen for the last return filed is still accurate. Please check the entry for the NAICS code and make sure it is still a valid one. If your selection is part of the list, then the code is a valid one. If your option is no longer part of the list, please delete the invalid code and re-enter an existing one that best describes the main revenue-generating business activity.

DT Max T3

  1. Known issues fixed in version 19.30

    1. TPF-646.Z - Keying summary for forms filed with the trust income tax return

      The form TPF-646.Z was erroneously being produced as a blank form when the form TP-772 was generated for information purposes only.

      This issue has been fixed in this version of DT Max T3.

    2. T3-Adjust: Data import issues

      The following error message was generated when using the keyword DT-ImportFedDiff in 2015:

      <YEAR>2014</YEAR> in control file DT3WAD15.XML does not match T1-Adjust year (2015)

      The message prevented the automatic import of the data changes required for the T3 Adjustment request form. However, a manual entry of the data changes was still available.

      This issue has been corrected for this version.

    3. T1055: Missing information

      Missing information in the section on the Deceased beneficiary spouse or common-law partner, deceased settlor, or transfer information on page 1 of form T1055, Summary of Deemed Dispositions, has been corrected for this version.

  2. Version highlights

    1. T1013 : Requirements for form T3-APP

      As per the CRA's specifications, the barcoded T1013 was not to be produced if the trust account number was invalid or missing. However, form T3-APP, Application for Trust Account Number, states that a signed copy of form T1013 should be attached to the request.

      As an interim measure, DT Max will produce the T1013 form, without any barcodes, only when the form T3-APP is generated to apply for the trust account number.

    2. 2016 budget proposals and applicable forms

      The following budget proposals have been incorporated to their applicable forms:

      1. Federal Budget 2016 proposes amendments to reflect the new top marginal income tax rate:

        • For Form T184 (2015 Capital Gains Refund to a Mutual Fund Trust): Amendment to the capital gains refund mechanism for mutual fund trusts to reflect the new 33% top marginal rate in the formulas that are used in computing refundable tax.

        • For federal Schedule 10 (Part XII.2 Tax and Part XIII Non-Resident Withholding Tax): Increase of the Part XII.2 tax rate on the distributed income of certain trusts from 36% to 40%.

      2. Newfoundland and Labrador budget changes :

        • For Form T3NL (Newfoundland and Labrador Tax): The 2016-2017 Newfoundland and Labrador budget proposes to increase the tax rate for all income ranges as outlined in the Tax changes in DT Max (2016) document in the Knowledge Base.

        • The dividend tax credit rate for non-eligible dividends will be reduced from 4.1% to 3.5% for dividends received on or after July 1, 2016.

        • SIFT - Specified investment flow-through (SIFT) trust income and distribution tax calculations has been modified to reflect the general corporate income tax rate increase from 12% to 14%.

    3. Suggestions from clients that have been added to version 19.30

      For Quebec form MR-14.B:

      Some of our clients requested the ability to enter "Other identification numbers" in Part 2 of Quebec Form MR-14.B (Notice Before Distribution of Property). The following four new keywords have been introduced to enter the applicable information (consult our New keywords section for detailed descriptions) :

  3. Revised forms

    Federal:

    • Schedule 11 - Federal Income Tax

    • T3AB - Alberta Tax

    • T3BC - British Columbia Tax

    • T3MB - Manitoba Tax

    • T3NB - New Brunswick Tax

    • T3NL - Newfoundland and Labrador Tax

    • T3NS - Nova Scotia Tax

    • T3NT - Northwest Territories Tax

    • T3NU - Nunavut Tax

    • T3ON - Ontario Tax

    • T3SK - Saskatchewan Tax

    • T3SK(CG) - Saskatchewan Farm and Small Business Capital Gains Tax Credit (Trusts)

    • T3YT - Yukon Tax

    • T3MJ - T3 Provincial and Territorial Taxes for 2016 - Multiple Jurisdictions

    • T1141 - Information Return In Respect of Contributions to Non-Resident Trusts, Arrangements or Entities (2007 and later taxation years)

    • T1141 Summary Form

    • T1142 - Information Return In Respect of Distributions From and Indebtedness to a Non-Resident Trust

    • T1142 Summary Form

  4. Warning: verifying carryforward

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

  5. New keywords

    1. In the keyword group Owner-Other-Id , pertaining to Quebec form MR-14.B (Notice Before Distribution of Property):

      1. Corporation-Id.mr : Corporate identification number of the owner.

        Use the keyword Corporation-Id.mr to enter the corporation identification number of the owner of the property to be distributed.

      2. Employer-SourceDed Quebec source deductions and employer contributions account number (NNNNNNNNNNRS0001).

        Use the keyword Employer-SourceDed to enter the Quebec source deductions and employer contributions account number of the owner of the property to be distributed.

      3. QST-Id.mr : Quebec sales tax (QST) identification number.

        Use the keyword QST-Id.mr to enter the Quebec sales tax identification number of the owner of the property to be distributed.

      4. Other-Id.mr : Other identification number (specify).

        Use the keyword Other-Id.mr to enter other Quebec identification numbers of the owner of the property to be distributed.

      5. Owner-Other-Id : Whether other identification numbers are applicable.

        Use the keyword Owner-Other-Id to enter other Quebec identification numbers of the owner of the property to be distributed.

    2. Pertaining to federal forms T1141 (Information Return In Respect of Contributions to Non-Resident Trusts, Arrangements or Entities) and T1142 (Information Return In Respect of Distributions From and Indebtedness to a Non-Resident Trust):

      1. TrustNumber-NR : Trust account number of the non-resident trust.

        Use the keyword TrustNumber-NR to enter the trust account number of the non-resident trust.

    3. Pertaining to federal forms T1141 (Information Return In Respect of Contributions to Non-Resident Trusts, Arrangements or Entities):

      1. Attachments : Indicate documents attached to return.

        Use the keyword Attachments to select the documents which will be attached to this T1141 return. The constituting documents and memoranda of wishes need only be attached in the first year of filing.

      2. TrusteeChanged : Reason why the trustee changed.

        Use the keyword TrusteeChanged to indicate the reason for the change in trustee or those responsible for making the decisions regarding the trust arrangement or entity from its last reporting.

      3. SIN.tl : Social insurance number.

        Use the keyword SIN.tl to enter the social insurance number.

      4. Business-Num.tl : Business number.

        Use the keyword Business-Num.tl to enter the business number.

      5. Trust-Number.tl : Trust account number.

        Use the keyword Trust-Number.tl to enter the trust account number.

      6. SS233-2(4-1)f : Whether T1141 is being filed due to Ss. 233.2(4.1).

        Use the keyword SS233-2(4-1)f to indicate whether this filing is required because of Ss.233.2(4.1).

      7. Distribution-Type : Nature of distribution.

        Use the keyword Distribution-Type to indicate the nature of the distribution.

      8. Amount-Max.tl : Maximum amount outstanding during the year.

        Use the keyword Amount-Max.tl to enter the maximum amount outstanding during the year.

      9. Interest-Rate.tl : Interest rate applicable.

        Use the keyword Interest-Rate.tl to enter the interest rate applicable. The interest rate is the applicable per annum rate.

    4. Existing keywords that were added to the Foreign-Info group for federal form T1141 (Information Return In Respect of Contributions to Non-Resident Trusts, Arrangements or Entities):

      1. Info-Request : Information requested being unavailable.

        Use the keyword Info-Request to indicate whether or not any information requested in this return is unavailable.

      2. Spec-Reason : Information that is not available and reason.

        Use the keyword Spec-Reason to specify the information that is not available and the reason why it is not.

    5. Existing keywords that were added to the Foreign-Info group for federal forms T1141 (Information Return In Respect of Contributions to Non-Resident Trusts, Arrangements or Entities) and 1142 (Information Return In Respect of Distributions From and Indebtedness to a Non-Resident Trust):

      1. Elect-Currency : State the currency code of the functional currency.

        Use the keyword Elect-Currency to state the alphabetic currency code of the functional currency, if an election has been made to use functional currency.

        Monetary values should be reported in Canadian dollars except where an election has been made under paragraph 261(3)(b) of the Act to use a functional currency.

      2. Amend-Return : Whether the information return is amended.

        Use the keyword Amend-Return to indicate whether or not the information return relating either foreign affiliates or foreign income is an amended return.

  6. Deleted keywords

    1. Pertaining to federal form T1141 (Information Return In Respect of Contributions to Non-Resident Trusts, Arrangements or Entities):

      1. TRANSACT-1991 : Obligation to file Form T1141 arising before 1991.

      2. TRANS-YEAR : Year of the first transfer or loan.

    2. Pertaining to federal form T1142 (Information Return In Respect of Distributions From and Indebtedness to a Non-Resident Trust):

      1. INT-PAID.F : Whether interest on the debt was paid during the year.

  7. New options

    1. For the keyword Attachments :

      Trust constituting documents, including terms of the trust
      Amended trust constituting documents
      Other constituting documents for the arrangement or entity
      Changes to other const. doc. for the arrangement or entity
      Memorandum of wishes for the trust, arrangement or entity
      Financial statements of the trust, arrangement or entity

  8. Revised options

    1. For the keywords Dividends in the IncomeSource group and Dividend.t in the T-Slip group, pertaining to the Newfoundland and Labrador dividend tax rate:

      Actual amount of ordinary dividends(paid bef. July 1, 2016)
      Actual amount of ordinary dividends (received in 2015)

DT Max T5013

  1. Revised forms

    Federal:

    • RC59 - Business Consent

    • T1135 - Foreign Income Verification Statement

    • T1142 - Information Return in Respect of Distributions from and Indebtedness to a Non-Resident Trust

      The first page of the form is now a summary page for all occurrences of Foreign-Info when the option "T1142 - Distr./indebt. owed to a non-res. trust" is selected. The second page of the form is now a supplement and will be generated for each occurrence of the non-resident trust.

  2. New keywords

    1. In the Foreign-Info keyword group, pertaining to federal form T1142 (Information Return in Respect of Distributions from and Indebtedness to a Non-Resident Trust):

      1. TrustNumber.f : Trust account number of foreign trust.

        Use the keyword TrustNumber.f to enter the trust account number of the foreign trust.

      2. State.tru : State of trustee

        Use the keyword State.tru to indicate the state of the mailing address of the trustee.

      3. IntPaid-Amount : interest paid or credited in the year

        Use the keyword IntPaid-Amount to enter the amount of interest paid or credited on the debt in the taxation year.

      4. PartXIII-Tax : Whether Part XIII tax was withheld

        Use the keyword PartXIII-Tax to indicate if Part XIII was withheld.

      5. ReceipType : Specify nature of receipt received

        Use the keyword ReceipType to indicate whether the funds or other property received from a non-resident trust is income or capital in nature.

  3. Revised keywords

    1. Pursuant to changes affecting federal form T1142 (Information Return in Respect of Distributions from and Indebtedness to a Non-Resident Trust), the keyword DESCR-PROP keyword has been changed to Description.f :

      1. Description.f : Description of funds or other property

        Use the keyword Description.f to provide a description of the funds or other property.

  4. Deleted keywords

    1. In the keyword group Foreign-Info , pertaining to federal form T1142 (Information Return in Respect of Distributions from and Indebtedness to a Non-Resident Trust):

      1. INT-PAID.T : Whether interest on the debt was paid during the year.

 

 

June 15, 2016