What's new for T1 Internet version 20.14?

The latest DT Max program update is now available for downloading. It features the T1/TP-1 program for the tax years 2005 to 2016 inclusively and fully supports T1/TP-1 EFILE. Installing this version will update your version of DT Max to 20.14.

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

In this version...

DT Max T1

1. Version highlights
   1. Known issues fixed in version 20.14
   2. Suggestions from clients implemented in version 20.14
      1. New section "Taxpayer's statements in respect of the actual or deemed disposition of immovable property in 2016" added to the client letter
      2. New diagnostic to remind users to verify whether there was a disposition of the principal residence
      3. New diagnostic to remind users to deduct an employee's contributions to a wage-loss replacement plan
      4. Automatic inclusion of the Ontario tax credits for self-employed individuals claimed in 2016 in the 2017 business income
   3. Automatic display of the keyword ADDRESS-NEW that activates the address change indicator for Quebec residents
2. New keywords
3. New options
4. New diagnostics
   1. Notes and diagnostics
   2. Error prevention report

DT Max T1

1. Version highlights

   1. Known issues fixed in version 20.14

      1. Designation of a dependant child who turned 18 before December 2016 for purposes of the Quebec work premium (Schedule P)

      2. Impact on Quebec lines 447 (Schedule K) and 448 (Health contribution) when there is a dependent child who turned 18 before December 2016

   2. Suggestions from clients implemented in version 20.14

      1. New section "Taxpayer's statements in respect of the actual or deemed disposition of immovable property in 2016" added to the client letter

         A new section has been added to the client letter with respect to the taxpayer's statements regarding the actual or deemed disposition of property in 2016. Following the announcement on October 3, 2016, of new tax rules that may have a negative impact should the taxpayer fail to report a disposition of immovable property, a series of statements has been implemented in the client letter, based on a document produced by the Centre québécois de formation en fiscalité (CQFF). The client must confirm that he has read and understood these statements by checking the appropriate boxes.

         To generate this section, go to the Preferences menu, then select Client letter and check the box for Generate a separate engagement letter.

      2. New diagnostic to remind users to verify whether there was a disposition of the principal residence

         A message has been added in the Error prevention report section to remind users that they should verify whether the taxpayer has disposed of a principal residence during the taxation year when moving expenses have been incurred . Please refer to the New diagnostics section for more details.

      3. New diagnostic to remind users to deduct an employee's contributions to a wage-loss replacement plan

         If a taxpayer received payments from a wage-loss replacement plan (indicated at box 107 of the T4A slip), a message will be displayed in the Error prevention report section to remind you to verify whether the taxpayer has any unused contributions paid to that plan in the past. Please refer to the New diagnostics section for more details.

      4. Automatic inclusion of the Ontario tax credits for self-employed individuals claimed in 2016 in the 2017 business income

         If the taxpayer is a self-employed individual who has claimed the Ontario apprenticeship training tax credit and/or the Ontario co-operative education tax credit, the amount claimed for these credits for 2016 must be included in the 2017 business income. Many clients have requested to have the software automatically include the amount of these credits claimed during the tax year in the following year's business income.

         In order for the software to perform the automatic carryforward, starting with the 2016 tax year, when adding the keyword groups APPRENTICE-TRAIN and Cooperative-Educ to claim these credits, you will now be required to enter the business name as well in the new keywords APPRENT-BUSNAME and Coop-BusName . This information is required in order for the software to include the amount of the credits claimed for 2016 in the income of the appropriate business in 2017. No carry forward will be made if the business name entered in these new keywords does not match the one entered in the Business group and a warning will be generated in the data entry informing you that the business name cannot be found.

         Note that if the taxpayer has claimed either of these credits in 2015, a message will appear in the Error prevention report section to remind you to include the amount of these credits requested for 2015 in the 2016 business income. Please refer to the New diagnostics section for more details.

   3. Automatic display of the keyword ADDRESS-NEW that activates the address change indicator for Quebec residents

      In order for Revenu Québec to account for an address change when filing tax returns for your clients residing in Quebec, in addition to entering their new address, you must also activate the change of address indicator by selecting Yes for the keyword Address-New .

      As of tax year 2016, the keyword Address-New will be automatically generated with the option Yes to activate the address change indicator, whenever you modify the address in the keyword group Street for a client whose province of residence on December 31 is Quebec.

2. New keywords

   1. In the keyword group APPRENTICE-TRAIN , with respect to the Ontario apprenticeship training tax credit:

      APPRENT-BUSNAME : Business name for which you are claiming the apprenticeship training tax credit

   2. In the keyword group Cooperative-Educ , with respect to the Ontario co-operative education tax credit:

      Coop-BusName : Business name for which you are claiming the co-operative education tax credit

3. New options

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

      Business income (loss) - not actively involved

   2. For the keyword Footnotes.t4 in the T4 group, with respect to the employment income earned by a Quebec resident:

      Note - Income not dealing at arm's length (Q391)

   3. For the keyword Income.bus from the Business group, with respect to business income:

      Apprenticeship training tax credit (ON479 2015)
      Co-operative education tax credit (ON479 2015)
      

4. New diagnostics

   1. Notes and diagnostics

      Federal

      349 Donations

      Both spouses have taxable income of $200,000 or more and are eligible for the 33% donation rate. Please review the attribution of the donation made by DT Max and change the program's optimization by using the keyword Optimize if it is more beneficial for the family to do so.

   2. Error prevention report

      Federal

      Principal residence

      Warning:

      The taxpayer moved during the year. Please check if there is any disposition of the previous residence. The sale of a principal residence must now be reported, along with any designation of a principal residence, on Schedule 3.

      To report the sale of a property and designate it as a principal residence, use the keyword Capital-Gains and select one of the following options: "7. Personal use property" or "4. Real estate & other depreciable property".

      T4A - Payments from a wage-loss replacement plan (box 107)

      This income is shown in box 107 of your T4A slips. You may not have to report the full amount on your return. Report the amount you received, minus contributions you made to the plan after 1967, if you did not use them on a previous year's return.

      Within the T4A group, use the Footnotes.t keyword with the option "Note - Premiums paid to wage loss replacement plan".

      Provincial

      479 Ontario tax credits for self-employed individuals of 2015

      Remember to include the amount of these credits claimed for 2015 as self-employment income on the taxpayer's 2016 tax return.

      Ontario apprenticeship training tax credit of 2015 . . . . . . . . . .
      Ontario co-operative education tax credit of 2015 . . . . . . . . . .