What's new for T2 Internet version 20.31? |
The latest DT Max program update is now available for downloading. It features the fully functional T2 program for fiscal periods ending from 2006 to 2017 and fully supports Corporation Internet Filing (T2, CO-17 and AT1). Installing this version will update your version of DT Max to 20.31.
Please note that all program versions are made available on the Internet.
In this version...
DT Max T2
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Program certification
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New forms
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Revised forms
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New keywords
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New options
DT Max T2
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Program certification
Alberta
This version has received certification for the new AT1 Schedule 3 (Alberta Other Tax Deductions and Credits), for 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 DT35 stamp.
Please refer to the New forms section of the What's New for more details pertaining to this new schedule.
Manitoba
Version 20.31 has also received certification for the following four revised Corporation Capital Tax Returns:
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Banks, Trusts and Loan Corporations Return (for fiscal years ending prior to May 1, 2017)
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Banks, Trusts and Loan Corporations Return (for fiscal years ending after April 30, 2017)
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Crown Corporations (for fiscal years ending prior to May 1, 2017)
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Crown Corporations (for fiscal years ending after April 30, 2017)
Quebec
Finally, DT Max T2 has undergone an authorization process with Revenu Quebec for the paper and EFILE versions of the CO-17 return, more specifically the calculations pertaining to the CO-17, CO-771, CO-771.1.3, CO-771.1.3.AT, CO-771.2.1.2 and CO-771.2.1.AT forms.
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New forms
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Revised forms
Federal
Quebec
Manitoba
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MCT 1 - Banks, Trusts and Loan Corporations Return (for fiscal years ending prior to May 1, 2017)
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MCT 1 - Banks, Trusts and Loan Corporations Return (for fiscal years ending after April 30, 2017)
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MCT 1 - Crown Corporations Return (for fiscal years ending prior to May 1, 2017)
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MCT 1 - Crown Corporations Return (for fiscal years ending after April 30, 2017)
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New keywords
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In the keyword group Foreign-Info , respecting the federal T1134 supplement:
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T1134-Summary : T1134 summary type code.
Use the keyword T1134-Summary to specify the summary type being generated. If you wish to re-submit the T1134 form electronically, you must modify T1134-Summary to Unmodified or Amended depending on the action required.
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In the keyword group NonRes-Trans , pertaining to the federal T106 slip:
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T106-Summary : T106 summary type code.
Use the keyword T106-Summary to specify the summary type being generated. If you wish to re-submit the T106 form electronically, you must modify T106-Summary to Unmodified or Amended depending on the action required.
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In the new keyword group Alb-TaxCr , pertaining to the Alberta AT1 Schedule 3 (Alberta Other Tax Deductions and Credits):
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Alb-TaxCr : Alberta other tax deductions and credits.
Use the keyword Alb-TaxCr to enter information relating to the Alberta investor tax credit (AITC) or the Alberta capital investment tax credit (CITC).
The AITC offers a 30% tax credit for investments made in eligible Alberta businesses by corporations. The AITC is available for investments in "non-traditional" sectors of Alberta's economy. In particular, it is aimed at small Alberta businesses substantially engaged (at least 50% of the business activities) in eligible business activities such as tourism activities, research, development and commercialization of proprietary technologies, development of interactive digital media in Alberta and post-production, visual effects and digital animation.
The CITC provides a non-refundable tax credit valued at 10 per cent of a corporation's eligible capital expenditures, up to $5 million per year. The CITC encourages companies to make timely investments by returning a percentage of the company's capital costs on expenditures such as the purchase of machinery, equipment and buildings.
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CurrYr-Credit.a : Amount shown on all tax credit certificates issued to the corporation during the year.
Use the keyword CurrYr-Credit.a to enter the total amounts shown on all investor tax credit certificates issued to the corporation during the year if you are claiming the Alberta investor tax credit. If you are claiming the Alberta capital investment tax credit, enter the total amounts shown on all capital investment tax credit certificates issued to the corporation during the year.
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Amount-CF.a : Amount carried forward from prior years.
Use the keyword Amount-CF.a to enter the total amounts carried forward from prior years.
The Alberta investor tax credit is non-refundable and may be carried forward for up to four years.
The capital investment tax credit is non-refundable and may be carried forward for up to 10 years.
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New options
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For the keywords T106-Summary and T1134-Summary , regarding the federal T106 slip and T1134 supplement:
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For the new keyword Alb-TaxCr , pertaining to the Alberta AT1 Schedule 3:
Investor tax credit
Capital investment tax credit
Investor and/or capital investment tax credit
July 19, 2017
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