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Print this pageForward this document  What's new for T1/T3/T5013 Internet version 24.05?

The latest DT Max program update is now available for downloading. It features the T1/TP-1 program for the tax years 2009 to 2020 inclusively. It also features the T3/TP-646 program for the tax years ending from 2009 to 2020 inclusively, as well as the fully functional T5013 program for paper and electronic filing of the Partnership Information Return (T5013 forms) for fiscal periods ending from 2014 to 2020. Installing this version will update your version of DT Max to 24.05.

Please note that in regard to the T1/TP-1 program, version 24.05 supports paper filing but does not support EFILE transmission for taxation year 2020 due to its early release date. The EFILE module will be integrated in the next version of DT Max that will be stamped 24.10 and made available via www.thomsonreuters.ca/en/dtpro to all DT Max clients. This will take place as soon as we receive all relevant certifications towards the end of January or early February 2021.

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

In this version...

DT Max T1

  1. Version highlights
    1. Home office expenses for employees working from home due to COVID-19: New federal forms T777S and T2200S and new Quebec form TP-59.S
    2. Onvio Firm Management: E-signatures
  2. New forms
  3. Revised forms
  4. New keywords
  5. Deleted keywords
  6. New options
  7. Changes pertaining to the client letter

DT Max T3

  1. Program certification
  2. Version highlights
    1. Quebec changes to eligible and other than eligible dividends tax credit rates
    2. British Columbia tax
      1. New tax bracket for graduated rate estates (GRE) and qualifying disability trusts (QDT)
      2. Trusts no longer eligible for the British Columbia political contribution tax credit
    3. Reduction of the general tax rate for SIFT trusts in Quebec
    4. T3M - Environmental Trust Income Tax Return: Decrease of the general corporate tax rate
    5. New CCA Class 56 - Zero-emission vehicles
    6. Quebec changes related to the dividend tax credit
    7. Extension of the income-averaging mechanism and the carry-over period for a trust certified as a forest producer
    8. Deferring the payment of income tax resulting from the deemed disposition of a trust's interest in a qualified public corporation
  3. New forms
  4. Revised forms
  5. Deleted forms
  6. New keywords
  7. Revised keywords
  8. Deleted keywords
  9. New options
  10. Deleted options

DT Max T5013

  1. Program certification
  2. Version highlights
    1. New CCA Class 56 - Zero-emission automotive vehicles and equipment
    2. T661: Increase in CPP pensionable earnings
  3. Revised forms
  4. New forms and related keywords
  5. New diagnostics
    1. Notes and diagnostics
  6. New keywords
  7. Deleted keywords
  8. New options
  9. Deleted options

 

DT Max T1

  1. Version highlights

    1. Home office expenses for employees working from home due to COVID-19: New federal forms T777S and T2200S and new Quebec form TP-59.S

      As a result of the unprecedented challenges due to COVID-19, many people have been working at home and using their kitchens, bedrooms and living rooms as their work space. In response, the Canada Revenue Agency (CRA) has simplified the process for claiming the deduction for home office expenses by introducing two new forms: the simplified form T2200S and the simplified form T777S.

      Use form T777S for people who worked from home in 2020 due to COVID-19 who want to claim only home office expenses. If they incurred other types of employment expenses, do not use this form and use form T777 instead.

      New temporary flat rate method: Form T777S option 1

      The Canada Revenue Agency (CRA) has introduced a new temporary flat rate method to simplify claiming the deduction for home office expenses for the 2020 tax year. This method is intended for employees who worked from home in 2020 due to COVID-19. These individuals have the choice of using the new flat rate method or using the detailed method to claim the deduction for home office expenses.

      If the flat rate method is used, the employee will not be required to calculate the size of their workspace nor keep supporting documents. If this method is not used, their employer must complete form T2200S and they must keep their supporting documents.

      Employees are eligible to use this new method if they worked more than 50% of the time from home for a period of at least four consecutive weeks in 2020 due to the COVID-19 pandemic. They can claim $2 for each day they worked from home during that period plus any additional days they worked at home in 2020 due to the COVID-19 pandemic. The maximum they can claim using the new temporary flat rate method is $400 (200 working days) per individual.

      Each individual working from home who meets the eligibility criteria can use the temporary flat rate method to calculate their deduction for home office expenses.

      Detailed method: Form T777S option 2 and Form T2200S

      Form T2200S, Declaration of Conditions of Employment for Working at Home During COVID-19, is a shorter version of form T2200 that the employer must complete and sign if the employee worked from home in 2020 due to the COVID-19 pandemic and is not using the temporary flat rate method.

      Whether the individual works at the dining table or in a spare bedroom, there are several factors to consider when calculating their employment use of the work space. In addition, the CRA has also expanded the list of eligible expenses that can be claimed to include home Internet access fees.

      For more information, please consult the following link:

      https://www.canada.ca/en/revenue-agency/news/2020/12/simplifying-the-process-for-claiming-a-deduction-for-home-office-expenses-for-employees-working-from-home-due-to-covid-19.html

      Quebec government: Harmonization

      On December 16, 2020, the Government of Quebec confirmed that it is harmonizing its approach with that of the Canada Revenue Agency. Thus, a taxpayer will be able to claim, in their 2020 income tax return, a deduction for teleworking-related expenses, calculated according to the temporary fixed rate method of $2 for each day that they will have worked at home in 2020 due to the COVID-19 pandemic, up to a maximum of $400.

      To calculate telecommuting expenses, employees who worked from home must complete the new Expenses Related to Working Remotely Because of the COVID-19 Pandemic (TP-59.S) form, using one of two methods to calculate their teleworking-related expenses:

      • the temporary fixed rate method (TP-59.S Part 2). By using this method, the employee is not required to obtain the General Employment Conditions form [TP-64.3] from their employer nor to keep their supporting documents; or,

      • the detailed method (TP-59.S Part 3). If this method is used, the employee must obtain form TP-64.3-V from their employer and keep their supporting documents.

      If the employee incurred other types of employment expenses, do not use this form and use form Employment Expenses of Salaried Employees and Employees Who Earn Commissions (TP-59-V) instead.

    2. Onvio Firm Management: E-signatures

      Onvio Firm Management (Essentials or Advanced) users now have the ability to allow their clients to electronically sign the T183 and TP-1000.TE forms in Onvio Client Centre using the new Onvio e-signature. See the Requesting an Onvio e-signature page for more information.

  2. New forms

    Federal

    • T777S - Statement of Employment Expenses for Working at Home Due to COVID-19

    • T2200S - Declaration of Conditions of Employment for Working at Home During COVID-19

    Quebec

    • TP-59.S - Expenses Related to Working Remotely Because of the COVID-19 Pandemic

  3. Revised forms

    Federal

    • Schedule 14 - Climate Action Incentive

    The amounts in Schedule 14 for Ontario, Manitoba, Saskatchewan and Alberta have been revised.

  4. New keywords

    1. In the SmartStart section entitled "Other tax credits", the following keyword has been added in respect of the adjustment of the social assistance payments received for a child 18 or over who is handicapped:

      1. AdjSocAssRec.h : Adjustment of the social assistance payments received for a child 18 or over who is handicapped (L.260, L.360 - Sch. H)

  5. Deleted keywords

    1. Due to new options being added to the keyword Employment-Exp in respect of the new Quebec form TP-59.S pertaining to teleworking-related expenses for salaried employees and employees who earn commissions, the following keyword has been deleted:

      1. TELEWORKING: Has the taxpayer teleworked due to the COVID-19 crisis? (Yes/No)

  6. New options

    1. For the Employment-Exp keyword group pertaining to home office expenses for employees working from home due to COVID-19:

      T777S - Temporary flat rate method (TP-59.S)
      T777S - Commission income employee - Detailed (TP-59.S)
      T777S - Salaried employee - Detailed (TP-59.S)

  7. Changes pertaining to the client letter

    1. New variables

      Federal

      1. %447 F22900 T777S - COVID-19 Employment Expenses (Detailed)

        Due to the COVID-19 crisis, you had to maintain an office at your home to primarily perform your duties (more than 50 percent) for a period of at least four consecutive weeks in 2020. Form T777S has been completed and the detailed method has been used to calculate the deduction to which you are entitled. An amount of $ %447 has been deducted as employment expenses for working at home due to the COVID-19. You have to keep your supporting documents.

      2. %448 F22900 T777S - COVID-19 Employment Expenses (Temporary flat rate)

        Due to the COVID-19 crisis, you had to maintain an office at your home to primarily perform your duties (more than 50 percent) for a period of at least four consecutive weeks in 2020. Form T777S has been completed and the temporary flat rate method has been used to calculate the deduction to which you are entitled. This method simplifies the deduction of your home office expenses, and allows you to deduct $2 for each day you worked from home, up to a maximum of $400. An amount of $ %448 has been deducted as employment expenses for working at home due to the COVID-19. You don't have to keep your supporting documents.

      Quebec

      1. %449 Q207 TP-59.S - COVID-19 Employment Expenses (Detailed)

        Due to the COVID-19 crisis, you had to maintain an office at your home to primarily perform your duties (more than 50 percent) for a period of at least four consecutive weeks in 2020. Form TP-59.S has been completed and the detailed method has been used to calculate the deduction to which you are entitled. An amount of $ %449 has been deducted as employment expenses for working at home due to the COVID-19. You have to keep your supporting documents.

      2. %450 Q207 TP-59.S - COVID-19 Employment Expenses (Temporary flat rate)

        Due to the COVID-19 crisis, you had to maintain an office at your home to primarily perform your duties (more than 50 percent) for a period of at least four consecutive weeks in 2020. Form TP-59.S has been completed and the temporary flat rate method has been used to calculate the deduction to which you are entitled. This method simplifies the deduction of your home office expenses, and allows you to deduct $2 for each day you worked from home, up to a maximum of $400. An amount of $ %450 has been deducted as employment expenses for working at home due to the COVID-19. You don't have to keep your supporting documents.

DT Max T3

  1. Program certification

    DT Max T3 is certified under the following authorization numbers:

    Paper filing

    Federal schedules: CRA-20-501

    Quebec schedules: RQFI-2001

    Federal slips: RC-20-0119

    Quebec slips: FS1916003

    MR-69: RQ19-MR69-201911-FI001

    Electronic Filing

    Quebec RL-16 slip: RQ-20-16-005

  2. Version highlights

    1. Quebec changes to eligible and other than eligible dividends tax credit rates

      Dividend tax credit rates are gradually being reduced. The table below shows the rates for 2019 to 2021.

      QUEBEC:

      Eligible Dividends: Gross-up
      rate      		 Tax Credit
          % of grossed-up taxable
      dividends      		 % of actual dividends
         ■   2019 38% 11.78% 16.2564
         ■   2020 38% 11.70% 16.146
         ■   2021 38% 11.70% 16.146


      Ordinary Dividends: Gross-up
      rate      		 Tax Credit
          % of grossed-up taxable
      dividends      		 % of actual dividends
         ■   2019 15% 5.55% 6.3825
         ■   2020 15% 4.77% 5.4855
         ■   2021 15% 4.01% 4.6115

      If the dividends are received by a trust that is a testamentary trust whose taxation year began in 2019, the 2019 dividend tax credit rate for both ordinary and eligible dividends will be applied.

    2. British Columbia tax

      1. New tax bracket for graduated rate estates (GRE) and qualifying disability trusts (QDT)

        The Government of British Columbia introduced in its February 18, 2020, budget an additional income range, effective for the 2020 and subsequent tax years.

        Graduated rate estates (GRE) and qualifying disability trusts (QDT) with taxable income greater than $220,000 will be taxed at the new rate of 20.5%. Trusts other than GRE and QDT will also see their tax rates increase from 16.5% to 20.5%. In addition, this tax rate increase will be applied to donations over $200.

        Please refer to the DT Max knowledge base link below for additional details on the new British Columbia tax bracket.

      2. Trusts no longer eligible for the British Columbia political contribution tax credit

        For 2020 and subsequent taxation years, a trust can no longer claim the British Columbia political contribution tax credit.

    3. Reduction of the general tax rate for SIFT trusts in Quebec

      The general corporation tax rate for Quebec is being gradually reduced.

      The actual rate of 11.6% is reduced to 11.5% for 2020.

      The rate reductions take effect on January 1 and is reflected on Quebec Schedule E.

    4. T3M - Environmental Trust Income Tax Return: Decrease of the general corporate tax rate

      The Government of Alberta announced that the general corporate tax rate which applies to a qualifying environmental trust (QET) will be decreased from 10% to 8% on July 1, 2020. However, at the time of publication, the legislation had not been adopted. DT Max T3 will calculate the tax payable using the 10% provincial rate. To apply a different rate, a new keyword, ProvTaxRate-OV , has been added to the T3M group.

    5. New CCA Class 56 - Zero-emission vehicles

      In March 2020, the government has proposed to provide a temporary enhanced first-year capital cost allowance (CCA) rate of 100% in respect of eligible zero-emission automotive equipment and vehicles that currently do not benefit from the accelerated rate provided by Classes 54 and 55. These vehicles and equipment would be included in new Class 56.

      Class 56 would apply to eligible zero-emission automotive equipment and vehicles that are acquired on or after March 2, 2020, and that become available for use before 2028, subject to a phase-out for equipment and vehicles that become available for use after 2023 (i.e. at a rate of 75% for the years 2024 and 2025, and 55% for 2026 and 2027). A taxpayer would be able to claim the enhanced allowance in respect of an eligible zero-emission automotive equipment or vehicle only for the taxation year in which the vehicle first becomes available for use.

      Use the keyword CCA-Class with the option "Class 56 - 30% (after 1 Mar. 2020 & before 2028)".

    6. Quebec changes related to the dividend tax credit

      A trust that is a resident of Quebec on the last day of a taxation year that, during the year, carried on a business in Canada but outside Quebec will now be able to deduct from his income tax the entire dividend tax credit to which it is entitled for the year, regardless of the percentage of business done in Quebec.

      A trust that carries on a business in Quebec but resides elsewhere in Canada will no longer be able to deduct the dividend tax credit from its income tax. As a result, line 40 relating to the dividend tax credit has been deleted from Part 3.3.

    7. Extension of the income-averaging mechanism and the carry-over period for a trust certified as a forest producer

      Since March 10, 2020, if a trust certified as a forest producer has income resulting from the sale of timber that is subject to the income-averaging mechanism and this sale is concluded after March 9, 2020, and before January 1, 2026, this trust may request that part of its income resulting from this sale be averaged over a period not exceeding ten years.

      Thus, for each of the ten taxation years following the one for which the deduction was claimed, the trust must include, in the calculation of its taxable income, at least 10% of the amount deducted, up to the amount by which the amount deducted exceeds the aggregate of the amounts already included.

    8. Deferring the payment of income tax resulting from the deemed disposition of a trust's interest in a qualified public corporation

      Since February 21, 2017, a trust can defer, for a period of 20 years, the payment of income tax resulting from the deemed disposition of its interest in a qualified public corporation. An interest includes any eligible share which is a share of the capital stock of a qualified public corporation, or in certain conditions, of the capital stock of a private corporation, held by the trust.

      The trust must calculate the amount of income tax to be deferred and provide adequate security no later than the deadline for paying its income tax.

      Details of the qualified public corporation and of the eligible shares must be entered on the Quebec form TP-1033.18 which replaces the prior years' form TP-653.C. As a result of the extensive information required, the keyword TaxDefer-Election has been removed from the CapitalProp keyword group and has been set up as a distinct group. This keyword can be repeated if the trust held eligible shares of the capital stock of more than one qualified public corporation or private corporation in order to complete a separate copy of this form for each corporation. A list of all the new keywords related to this form can be found below.

      It remains important to enter the keyword Type.cg in the CapitalProp group to properly capture the information required for form TP-653 lines 12.1 and 12.2.

      Due to the extensive information required, it is imperative that any previous data entered for form TP-653.C be reviewed and modified.

  3. New forms

    Quebec

    • TP-1033.18 - Election to Defer the Payment of Income Tax Resulting from the Deemed Disposition of a Trust's Interest in a Qualified Public Corporation

    This form replaces form TP-653.C.

  4. Revised forms

    Federal

    • T3 - Trust Income Tax Return

    Section on Direct Deposit has been removed; all applications or change of information for direct deposits must be made on form T3-DD.

    • Schedule 1 - Dispositions of Capital Property

    • Schedule 1A - Capital Gains on Gifts of Certain Capital Property

    • Schedule 2 - Reserves on Dispositions of Capital Property

    • Schedule 3 - Eligible Taxable Capital Gains

    • Schedule 4 - Cumulative Net Investment Loss

    • Schedule 7 - Pension Income Allocations and Designations

    • Schedule 8 - Investment Income, Carrying Charges, and Gross-up Amount of Dividends Retained by the Trust

    • Schedule 9 - Income Allocations and Designations to Beneficiaries

    New numbers have been assigned to each amount box.

    Column 4 Total has been removed.

    • Schedule 10 - Part XII.2 Tax and Part XIII Non-Resident Withholding Tax

    • Schedule 11 - Federal Income Tax

    • Schedule 11A - Donations and Gifts Tax Credit Calculation

    • Schedule 12 - Minimum Tax

    • All provincial tax calculation schedules (T3AB, T3MB, T3NB...)

    All provinces, except Alberta, Nova Scotia, Prince Edward Island and Saskatchewan, have indexed their base amounts. Please refer to the knowledge base for a detailed list.

    For T3BC, British Columbia Tax: Introduction of a new top income tax bracket.

    • AUT-01 - Authorize a Representative for Offline Access

    • AUT-01X - Cancel Authorization for a Representative

    • NR4 Slip and Summary

    Code 85 for dividend compensations payments made under a Securities Lending Arrangement (SLA) has been added.

    • T3 Slip and summary

    • T3A - Request for Loss Carryback by a Trust

    • T3-ADJ - T3 Adjustment Request

    • T3 APP - Application for Trust Account Number

    Form divided into 7 steps.

    Additional information required on the primary trustee, the authorized representative and the trust.

    • T3-DD - Direct Deposit Request for T3

    • T3FFT - T3 Federal Foreign Tax Credit

    • T3PFT - T3 Provincial or Territorial Foreign Tax Credit

    • T3M - Environmental Trust Income Tax Return

    The Government of Alberta announced that the general corporate tax rate which applies to a qualifying environmental trust (QET) will be decreased from 10% to 8% on July 1, 2020. However, at the time of publication, the legislation had not been adopted.

    • T3P - Employees' Pension Plan Income Tax Return

    Section on Direct Deposit has been removed.

    • T3MJ - Information on Form T3MJ, T3 Provincial Territorial Taxes - Multiple Jurisdictions

    • T3QDT - Joint Election for a Trust to be a Qualified Disability Trust

    • T3QDT-WS - Recovery Tax Worksheet

    New column added for the fourth prior tax year.

    • T3-RCA - Retirement Compensation Arrangement(RCA) Part XI.3 Tax Return

    • T184 - 2020 Capital Gains Refund to a Mutual Fund Trust

    • T776 - Statement of Real Estate Rentals

    • T1055 - Summary of Deemed Dispositions

    • T1079 - Designation of a Property as a Principal Residence by a Personal Trust

    • T1079-WS - Principal Residence Worksheet

    • T1139 - Reconciliation of 2020 Business Income for Tax Purposes

    • T1163 - 2020 Statement A - AgriStability And AgriInvest Programs Information and Statement of Farming Activities for Individuals

    • T1164 - 2020 Statement B - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Additional Farming Operations

    • T1175 - 2020 farming - Calculation of Capital Cost Allowance (CCA) and Business-Use-of-Home Expenses

    • T1273 - Statement A - Harmonized AgriStability and AgriInvest Programs Information Statement of Farming Activities for Individuals

    • T1274 - Statement B - Harmonized AgriStability and AgriInvest Programs Information Statement of Farming Activities for Additional Farming Operations

    • T2038 - Investment Tax Credit

    In Part B, the section pertaining to calculation of the investment tax credit for child care spaces has been deleted due to the elimination of the credit at the end of 2019.

    • T2042 - Statement of Farming Activities

    Line 9, Electricity for zero-emission vehicles, was added in Chart A in respect of motor vehicle expenses.

    • T2121 - Statement of Fishing Activities

    Line 9, Electricity for zero-emission vehicles, was added in Chart A in respect of motor vehicle expenses.

    • T2125 - Statement of Business or Professional Activities

    Line 9, Electricity for zero-emission vehicles, was added in Chart A in respect of motor vehicle expenses.

    Quebec

    • TP-646 - Trust Income Tax Return

    New question 31 page 2 regarding virtual currency.

    2020 tax brackets have been updated.

    • Schedule A - Taxable Capital Gains and Designated Net Taxable Capital Gains

    Addition of a new section Virtual currency transactions in Part 1.

    • Schedule B - Investment Income, Gross-Up of Dividends Not Designated and Adjustment of Investment Expenses

    Boxes 300c and 301c have been removed.

    Dates for boxes 300a, 300b, 301a and 301b have been modified to reflect dividends received in 2019 and 2020.

    Line 327c has been removed.

    Dividend tax credit rates have been modified in Part 2.

    • Schedule C - Summary of Allocations and Designations

    Dividend tax credit rate has been modified.

    • Schedule D - Carry-Back of a Loss

    • Schedule E - Income Tax on the Taxable Distributions Amount and Calculation of Eligible Dividends to Be Designated

    Reduction of the general tax rate for SIFT trusts.

    • Schedule F - Income Tax Payable by a Specified Trust for a Specified Immovable

    • Schedule G - Additional Information

    • TP-646.W - Keying Summary for the Trust Income Tax Return

    • TP-646.X - Keying Summary for Schedules A, F and G of the Trust Income Tax Return

    • TP-646.Y - Keying Summary for Forms TP-80 and TP-128.F filed with the Trust Income Tax Return

    • TP-646.Z - Keying Summary for Forms Filed with the Trust Income Tax Return

    • RL-16 Slip

    • TP-80.1 - Calculation of Business or Professional Income, Adjusted to December 31

    • TP-274.F - Designation of Property as a Principal Residence of a Personal Trust

    • TP-653 - Deemed Sale Applicable to Certain Trusts

    New line 12.2 added for the portion of the amount attributable to the deemed sale of qualified shares of the capital stock of a private corporation.

    Addition of a new section Virtual currency transactions, line 14.

    • TP-668.1 - Taxable Capital Gains of a Trust That Give Entitlement to a Deduction

    • TP-726.30 - Income Averaging for Forest Producers

    This form has been updated to reflect the budget changes extending the period of income averaging for forest producers from seven years to ten years. New lines have been added in all sections to capture the sales concluded on or after March 10, 2020.

    A brand new table 7.2 has been added to record the amount that can be averaged over ten years.

    • TP-750 - Income Tax Payable by a Trust Resident in Quebec That Carries On a Business in Canada, Outside Quebec, or by a Trust Resident in Canada, Outside Quebec, That Carries On a Business in Quebec

    Line 20 in Part 2.3, pertaining to the dividend tax credit is removed from the proration. It is replaced by the new line 26.1, the amount of which is granted in full, regardless of the percentage of business income attributable to Quebec.

    Line 40 in Part 3.3, pertaining to the dividend tax credit when the trust is resident in Canada, outside Quebec and carries on a business in Quebec, has been deleted.

    • TP-772 - Foreign Tax Credit

    Line 91 in Part 4.2 pertaining to split income has been removed.

    • TP-776.42.F - Alternative Minimum Tax of a Trust

    In Part 4, the amount pertaining to the dividend tax credit on line 81 has been removed from the proration. It is replaced by new line 83c, in order to grant the amount in full, regardless of the percentage of business income attributable to Quebec.

    • TP-1129.53 - Income Tax Return for Environmental Trusts

    The provincial income tax rate of 11.6% is reduced to 11.5% for 2020.

    • T1163(Q) - 2020 Statement A - AgriStability And AgriInvest Programs Information and Statement of Farming Activities for Individuals

    • T1164(Q) - 2020 Statement B - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Additional Farming Operations

    • T1175(Q) - 2020 Farming - Calculation of Capital Cost Allowance (CCA) and Business-Use-of-Home Expenses

    • T1273(Q) - Statement A - Harmonized AgriStability and AgriInvest Programs Information Statement of Farming Activities for Individuals

    • T1274(Q) - Statement B - Harmonized AgriStability and AgriInvest Programs Information Statement of Farming Activities for Additional Farming Operations

    • T2042(Q) - Statement of Farming Activities

    • T2121(Q) - Statement of Fishing Activities

    In-house forms

    • Allocation of Expenses - QC

    Lines referring to dividends received in 2018 have been removed.

    New lines added for dividends received in 2020 and later.

    • Assembly instructions

    New table added as a reminder to sign new form TP-1033.18.

    • Beneficiary Income Allocation (Federal and Quebec)

    Lines referring to dividends received in 2018 have been removed.

    New lines added for dividends received in 2020 and later.

    Columns referring to the investment tax credit relating to child care spaces have been removed.

    • Client invoice

    New form TP-1033.18 added.

    Form TP-653.C removed.

    • Client letter

    New variable added for keyword Letter-Data pertaining to form TP-1033.18.

    • Notes and diagnostics

    New diagnostics generated if trust does not qualify to defer Quebec payments of income tax based on form TP-1033.18.

  5. Deleted forms

    Quebec

    • TP-653.C - Election of a Trust to Defer the Payment of Income Tax Attributable to the Deemed Disposition of Its Interest in a Qualified Public Corporation

  6. New keywords

    1. In the Apply-TrustAcct# group, pertaining to form T3APP:

      1. CRA-Info.app : Whether there is any additional CRA information

        Use the keyword CRA-Info.app to indicate whether there is any addition CRA information required to be entered on form T3 APP.

      2. Multi-Sign : Whether multiple trustees must sign the application

        Use the keyword Multi-Sign to indicate whether there are additional trustees named in the legal document that are required to sign the application.

        If there are multiple signatures required, DT Max will automatically enter all the trustees' names that have been entered in the Trustee group.

      3. Registration-No : CRA registration number

        Use the keyword Registration-No to enter the CRA registration number in Section 6, Additional trust information, on form T3 APP.

      4. Plan-Number.cra : Plan number

        Use the keyword Plan-Number.cra to enter the plan number in Section 6, Additional trust information, on form T3 APP.

    2. In the T3M group, pertaining to form T3M:

      1. ProvTaxRate-OV : Provincial tax rate override

        Use the keyword ProvTaxRate-OV to override the provincial tax rate used in form T3M line 3.

    3. In the new TaxDefer-Election group, pertaining to form TP-1033.18:

      1. Date-DeemDisp.e : Date of deemed disposition

        Use the keyword Date-DeemDisp.e to enter the date of the deemed disposition of the trust's interest in a qualified public corporation.

        The deemed disposition of property of certain trusts occurs on a date specified by the Taxation Act. In general, this is on the day of the 21st anniversary of the creation of the trust or on the date of death of the spouse for whom the trust was created, and afterwards on that same day every 21 years.

      2. Corp-Info.e : Whether info is for public or private corporation

        Use the keyword Corp-Info.e to enter the information about the qualified public corporation or the private corporation.

        Qualified public corporation means a corporation that, at a particular time:

        • is a public corporation;

        • has its head office in Quebec; and

        • its base total payroll in Quebec for its taxation year that includes the particular time is at least 75% of its base total payroll in Quebec for the taxation year in which the deemed disposition occurred (unless the particular time corresponds to the time of the deemed disposition of the share).

      3. Eligible-Shares.e : Information on the eligible shares

        Use the keyword Eligible-Shares.e to indicate if the eligible shares are shares of the capital stock of a qualified public corporation, or of the capital stock of a private corporation.

        An eligible share is:

        • a share forming part of a large block of shares or of a portion of a large block of shares of the capital stock of a qualified public corporation; or

        • a share of the capital stock of a private corporation of which:

          • more than 95% of the FMV of the assets is attributable to a large block of shares or a portion of a large block of shares of the capital stock of a qualified public corporation, where the deemed disposition of the share occurred after February 21, 2017, but before November 7, 2019, or

          • more than 50% of the FMV of the assets is attributable to a large block of shares or a portion of a large block of shares of the capital stock of a qualified public corporation, where the deemed disposition of the share occurred after November 6, 2019.

      4. Member-Info.e : Information on related shareholders

        Use the keyword Member-Info.e to indicate whether there is a group of shareholders comprised of persons who are each related to the other and own shares of the same qualified public corporation or in a private corporation.

      5. Inc-Tax-Payable.e : Calculation of tax for public or private corp.

        Use the keyword Inc-Tax-Payable.e to choose whether the tax calculation concerns deemed disposition of share from a qualified public corporation or a private corporation.

    4. In the Eligible-Shares.e keyword subgroup, within the TaxDefer-Election group, pertaining to form TP-1033.18:

      1. Number-Shares.e : Number of shares

        Use the keyword Number-Shares.e to enter the number of shares of the capital stock of the qualified public corporation or of the private corporation held by the trust.

        If the information pertains to shares of the capital stock of the qualified public corporation, the details will be captured in section 3.1 of form TP-1033.18.

        If the information pertains to shares of the capital stock of the private corporation, the details will be captured in section 4.2 or 4.3 (whichever is applicable) on form TP-1033.18.

      2. Class-Type.e : Class of shares

        Use the keyword Class-Type.e to indicate the type of share of the capital stock of the qualified public corporation or of the private corporation held by the trust.

        If the information pertains to shares of the capital stock of the qualified public corporation, the details will be captured in section 3.1 of form TP-1033.18.

        If the information pertains to shares of the capital stock of the private corporation, the details will be captured in section 4.2 or 4.3 (whichever is applicable) on form TP-1033.18.

    5. In the Member-Info.e keyword subgroup, within the TaxDefer-Election group, pertaining to form TP-1033.18:

      1. Name.e : Member's name (last name, first name)

        Use the keyword Name.e to enter the related member's name. Enter information about each member of the related group of which the trust was a member.

      2. ID-Number.e : Member's identification number

        Use the keyword ID-Number.e to enter the related member's identification number.

      3. Relationship.e : Member's relationship with the trust

        Use the keyword Relationship.e to indicate the member's relationship with the trust.

        A group of shareholders comprised of persons who are each related to the other. These persons can be:

        • individuals related by blood, marriage (or civil union), de facto union or adoption;

        • a corporation and a person who is a member of a related group that controls the corporation;

        • two corporations if one of them is controlled by a member of a related group that controls the other corporation.

      4. Voting-Rights%.e : Percentage of voting rights by the member

        Use the keyword Voting-Rights%.e to enter the percentage of voting rights in the qualified public corporation held by the member or the private corporation.

    6. In the Inc-Tax-Payable.e keyword subgroup, within the TaxDefer-Election group pertaining to form TP-1033.18:

      1. Deem-CapGain.e : Amount of capital gain from deemed disposition

        Use the keyword Deem-CapGain.e to enter the amount of capital gain resulting from the deemed disposition of eligible shares.

        This amount will be entered on TP-1033.18 line 60 if eligible shares of a qualified public corporation or on line 70 for shares of a private corporation.

      2. Taxable-Inc.e : Taxable income without the deemed disposition

        Use the keyword Taxable-Inc.e to enter the amount of taxable income without taking into account the deemed disposition of eligible shares of the corporation.

        This amount will be entered on TP-1033.18 line 62 if eligible shares of a qualified public corporation or on line 72 for shares of a private corporation.

      3. Income-Tax%-OV.e : FMV percentage override

        Use the keyword Income-Tax%-OV.e to override DT Max's automatic entry of TP-1033.18 line 80.

  7. Revised keywords

    1. This keyword has been removed from the CapitalProp keyword group and has been set up as its own group header:

      1. TaxDefer-Election : Election to defer payment of income tax on deemed disposition

    2. The following keyword is now in the Eligible-Shares.e subgroup within the TaxDefer-Election group:

      1. Voting-Rights% : Percentage of voting rights in the corporation

    3. The following keyword is now in the Inc-Tax-Payable.e subgroup within the TaxDefer-Election group:

      1. Adj-TaxPayable.e : Income tax that would be payable if no deemed disposition

  8. Deleted keywords

    1. From the TaxDefer-Election subgroup of the CapitalProp keyword group:

      1. SHARE-DESCRIPTION : Description of shares (share class)

  9. New options

    1. For the keyword Trust-Info within the Trust group, pertaining to the question 31 on the TP-646 tax return:

      Trust received or disposed of virtual currency (QC Q31)

    2. For the keyword CapitalProp , pertaining to Schedule A:

      Virtual currency transactions

    3. For the keyword Method-Disp.cg within the CapitalProp group, also pertaining to Schedule A:

      ATM
      Platform
      Peer-to-peer

    4. For the keyword Override , pertaining to the types of returns or forms where line numbers can be overridden:

      TP-1033.18

    5. For the keyword Eligible-Shares.e within the TaxDefer-Election group, pertaining to form TP-1033.18:

      Capital stock of public corp with voting rights
      Capital stock of private corp with/without voting rights
      Capital stock of private corp with voting rights

    6. For the keyword Member-Info.e within the TaxDefer-Election group, pertaining to form TP-1033.18:

      Related group in which shares are held in a public corp.
      Related group in which shares are held in a private corp.

    7. For the keyword Inc-Tax-Payable.e within the TaxDefer-Election group, pertaining to form TP-1033.18:

      Qualified public corporation
      Qualified private corporation

    8. For the keyword Class-Type.e within the keyword subgroup Eligible-Shares.e group, pertaining to form TP-1033.18:

      Class A common
      Class B common
      Class A preferred
      Class B preferred
      Mutual fund units
      Other (specify)

    9. For the keyword Type.cg within the CapitalProp group, pertaining to Schedule A:

      Qualified shares of a private corporation

    10. For the sub-keyword CCA-Class.car of the keyword Vehicle-Exp , and for the keyword group CCA-Class in the Business group:

      Class 56 - 30% (after 1 Mar. 2020 & before 2028)

    11. For the sub-keyword Expenses.car of the keyword Vehicle-Exp in the Business group, pertaining to electricity expenses for zero-emission vehicles used for business purposes:

      Electricity for zero-emission vehicles

    12. For the keywords Program-Pymt-A , DeferredIncome and Commodity within the Business group:

      687 COVID-19 - Other assistance payments (allowable income)
      688 COVID-19 - Other assistance payments (non-allowable income)
      686 COVID-19 - Temporary foreign worker subsidy payments
      684 COVID-19 - Wage subsidy payments for arm's length salaries
      685 COVID-19 - Wage subsidy payments for non-arm's length salaries
      699 COVID-19 - AgriRecovery - Livestock set aside programs

    13. For keywords Program-Pymt-B , Commodity and AccountsPayable within the Business group:

      683 Dairy direct payment program (DDPP)
      682 Dairy farm investment program (DFIP)

    14. For the keyword Forest-Average within the Business group:

      Income-averaging for forest producers (after March 9, 2020)

  10. Deleted options

    1. From the keyword DirectDeposit :

      Federal

    2. From all keywords related to dividends:

      Actual amount of eligible dividends (˜-1)
      Taxable amount of eligible dividends (˜-1)
      Tax credit for eligible dividends (˜-1)

    3. From the keyword Override :

      TP-653

    4. From the keyword ITC :

      [6719] ITC at 25% Investment for child care spaces

DT Max T5013

  1. Program certification

    DT Max T5013 is certified for paper filing under the following authorization numbers:

    Federal:

    T5013-FIN and schedules: RQ-20-P001

    Quebec:

    TP-600 and schedules: RQSP-2003

    RL-15 slips: FS2015007

    MR-69: RQ19-MR69-201911-SP001

    TP-529: TP-529-202009-SP003

    TP-614: TP-614-202010-SP003

    DT Max T5013 is certified for electronic filing under the following authorization numbers:

    Federal: RC-20-P001

    Quebec slips: RQ-20-15-005

    Please note that the CRA no longer certifies the T5013 slip and T5013 SUM.

  2. Version highlights

    1. New CCA Class 56 - Zero-emission automotive vehicles and equipment

      The federal government proposes to provide a temporary enhanced first-year CCA rate of 100% in respect of eligible zero-emission automotive equipment and vehicles that currently do not benefit from the accelerated rate provided by Classes 54 and 55. These vehicles and equipment would be included in new Class 56.

      To be eligible for this first-year enhanced allowance, a vehicle or equipment must be automotive (i.e. self-propelled) and fully electric or powered by hydrogen. Vehicles or equipment that are powered partially by electricity or hydrogen (which includes hybrid vehicles and vehicles that require human or animal power for propulsion) would not be eligible.

      Class 56 would apply to eligible zero-emission automotive equipment and vehicles that are acquired on or after March 2, 2020, and that become available for use before 2028, subject to a phase-out for equipment and vehicles that become available for use after 2023. A taxpayer would be able to claim the enhanced allowance in respect of an eligible zero-emission automotive equipment or vehicle only for the taxation year in which the vehicle first becomes available for use. CCA would be deductible on any remaining balances in Class 56 on a declining-balance basis at a rate of 30%. An election would be available to forego Class 56 treatment and instead include property in the Class in which it would otherwise be eligible.

      Use the keyword CCA-Class with the option "Class 56 - 30% DB (after March 1, 2020)" to enter information regarding this class.

    2. T661: Increase in CPP pensionable earnings

      Please note that for form T661, Scientific Research and Experimental Development (SR&ED) Expenditures Claim, the pensionable earnings for 2020 have increased from $58,700 to $61,600.

  3. Revised forms

    Federal

    • T5013-FIN - Partnership Financial Return

    Check box added on page 2 for Schedule 58.

    • Schedule 2 - Charitable Donation, Gifts and Political Contributions

    Gifts of Medicine have been removed from form.

    • Schedule 12 - Resource-Related Deductions

    The following lines have been added:

    In Part 1 - Canadian exploration expenses:

    Line 154 - Amount repaid pursuant to a legal obligation
    Line 156 - Amount receivable

    In Part 2 - Canadian development expenses:

    Line 252 - Amount repaid pursuant to a legal obligation
    Line 254 - Amount receivable
    Line 256 - Proceeds of disposition
    Line 262 - Accelerated Canadian development expenses

    In Part 3 - Canadian oil and gas property expenses:

    Line 352 - Amount repaid pursuant to a legal obligation
    Line 354 - Amount receivable
    Line 362 - Accelerated Canadian oil and gas property expenses

    • AUT-01 - Authorize a Representative for Offline Access

    • AUT-01X - Cancel Authorization for a Representative

    • T2059 - Election on Disposition of Property by a Canadian Partnership

    Eligible capital removed from the Information on the property disposed of and consideration received section.

    • T2060 - Election for Disposition of Property Upon Cessation of Partnership

    • T5013 slip - Statement of Partnership Income

    The following boxes have been added:

    Box 226 - Repaid assistance (for Canadian exploration expenses)
    Box 227- Repaid assistance (for Canadian development expenses)
    Box 228 - Repaid assistance (for Canadian oil and gas property expenses)
    Box 229 - Amount receivable for CEE property or CEE unitized oil and gas field
    Box 230 - Amount receivable for CDE property or CDE unitized oil and gas field
    Box 231 - Amount receivable for CCOGPE unitized oil and gas field
    Box 232 - Proceeds of disposition (for Canadian development expenses)
    Box 233 - Proceeds of disposition (for Canadian oil and gas property expenses)
    Box 234 - Accelerated Canadian development expenses
    Box 235 - Accelerated Canadian oil and gas property expenses
    Box 236 - Canadian Journalism Labour Tax Credit

    Quebec

    • TP-600 - Partnership Information Return

    Line 22 has been added on page 2, to indicate if the partnership has received or disposed of (sold, transferred, exchanged, given, etc.) virtual currency. Use the keyword VirtualCurrency within the Activity group to answer this question.

    • Schedule A - Partners' Interests and At-Risk Amounts

    • Schedule B - Capital Cost Allowance (CCA)

    • Schedule D - Member Corporations' Shares of Paid-Up Capital

    • Schedule E - Summary of Certain Information to Enter on RL-15 Slips

    • Schedule F - Net Income for Income Tax Purposes

    • TP-529 - Transfer of Property by a Partnership to a Taxable Corporation

    In Section 2.2 - Rollover application:

    Lines added to record the class number and undepreciated capital (UCC) of each class of property the transferred property belongs to.

    In Section 3.1 - Transferred property and agreed amount:

    Column added:

    FMV of the consideration received (other than shares)

    Columns removed:

    Consideration received
    FMV of the consideration received

    New table added

    In Section 3.2 - Consideration received:

    Columns added:

    Line of the table in section 3.1 associated with the property
    Consideration other than shares
    Total FMV of the consideration received (Col. D of the table in section 3.1 + FMV of shares)

    • TP-614 - Transfer of Property to a Canadian Partnership

    In Section 2.2 - Rollover application:

    Lines added to record the class number and undepreciated capital (UCC) of each class of property the transferred property belongs to.

    In Section 3.1 - Transferred property and agreed amount:

    Column added:

    FMV of the consideration received (other than an interest in the transferee)

    Columns removed:

    Description of the consideration received
    FMV of the consideration

    New table added

    In Section 3.2 - Consideration received:

    Columns added:

    Line of the table in section 3.1 associated with the property
    Consideration other than an interest in the transferee
    Interest in the transferee
    Total FMV of the consideration received (Col. C of this table + Col. D of the table in section 3.1)

    • RL-15 slip - Amounts Allocated to the Members of a Partnership

    In-house forms

    • Additional slip information

    Line added for Accelerated Canadian development expenses included in box 191.

  4. New forms and related keywords

    • Schedule 58 - Canadian Journalism Labour Tax Credit (2019 and later tax years)

    This new form allows a partnership, which is designated as a qualified Canadian journalism organization, to allocate a refundable tax credit to qualifying members of the partnership. The tax credit is a 25% refundable tax credit on the total qualifying labour expenditure incurred in respect of each eligible newsroom employee of a qualifying journalism organization. Qualifying labour expenditures are subject to an annual cap of $55,000 (prorated by the number of days in the organization's taxation year), per eligible newsroom employee. Thus, the maximum credit available is $13,750 per eligible newsroom employee per year, for qualifying labour expenditure incurred for a period beginning on or after January 1, 2019.

    Use the keyword Journalism-TaxCr with the option "Canadian journalism labour tax credit" to enter information pertaining to this new schedule.

  5. New diagnostics

    1. Notes and diagnostics

      Federal

      Schedule 58 - Total of column 3 cannot be greater than line 140. Please verify SCH-58-PROPOV in PARTNERS group.

      Quebec

      If Quebec TP-600/RL-15 slips are required, enter the JURISDICTION keyword with option Quebec. Enter zero in the ALLOC-WAGES and ALLOC-REVS keywords.

  6. New keywords

    1. In the Activity group, pertaining to the Quebec TP-600:

      1. VirtualCurrency : Whether or not the partnership has received or disposed of (sold, transferred, changed, given, etc.) virtual currency

        Use the keyword VirtualCurrency to indicate whether or not the partnership has received or disposed of (sold, transferred, changed, given, etc.) virtual currency. This information is requested on page 1 of the Quebec TP-600.

    2. In the Resource group, pertaining to federal Schedule 12:

      1. Assistance-Repaid : Amount of assistance repaid for resource expenses

        Use the keyword Assistance-Repaid to enter the amount of assistance repaid for the resource expenses.

    3. In the Journalism-TaxCr group, pertaining to the new federal Schedule 58:

      1. Journalism-TaxCr : Journalism labour tax credit

        Use the keyword Journalism-TaxCr to claim a journalism labour tax credit.

      2. SIN.jr : SIN of the eligible newsroom employee

        Use the keyword SIN.jr to enter the SIN of the eligible newsroom employee.

      3. Salary.jr : Salary and wages payable to eligible newsroom employee after Dec 31, 2018

        Use the keyword Salary.jr to enter the salary and wages payable to the eligible newsroom employee after December 31, 2018, in respect of the portion of the tax year throughout which the corporation is a QJO.

      4. Assistance.jr : Assistance in respect of salary and wages of eligible employee

        Use the keyword Assistance.jr to enter the assistance the partnership received or is entitled to receive in respect of salary and wages of this eligible newsroom employee. Such assistance includes amounts received from a provincial or territorial government.

      5. QJO-Period : Period in current year throughout which the partnership is a qualifying journalism organization

        Use the keyword QJO-Period to indicate the start and end date period in the current year throughout which the partnership is a qualifying journalism organization.

      6. QCJO-Number : QCJO designation number, do not include the Q prefix in the entry

        Use the keyword QCJO-Number to enter the QCJO (qualified Canadian journalism organization) designation number. Do not include the Q prefix in the entry.

      7. Employee-Name.jr : Name of eligible newsroom employee

        Use the keyword Employee-Name.jr to enter the name of the eligible newsroom employee.

      8. PublishersAid : Amount received from Aid to Publishers component of Canada Periodical Fund

        Publishers and media organizations that receive funding from the Aid to Publishers component of Canada Periodical Fund are eligible for the credit. However, the credit will be reduced by the amount they are entitled to receive in the year from Aid to Publishers.

        Use the keyword PublishersAid to enter the amount received from Aid to Publishers component of Canada Periodical Fund in the year.

    4. In the Elect-On-Disp group, pertaining to the Quebec TP-529:

      1. Transf-UCC : CCA class number and UCC

        Use the keyword Transf-UCC to enter the CCA class number and undepreciated capital cost (UCC) of the depreciable property transferred.

      2. Line-Number : Line number in section 3.1 associated with property

        Use the keyword Line-Number to enter the line number in section 3.1, "Transferred property and agreed amount", that is associated with the property.

      3. Cons-Non-Share.r : Description of non-share consideration received

        Use the keyword Cons-Non-Share.r to enter consideration other than shares received.

      4. Tot-Consideration : Total consideration received

        Use the keyword Tot-Consideration to enter the total of share and non share consideration received.

      5. CONS-NON-SHARE$ : Fair market value of non-share consideration

        Use the keyword CONS-NON-SHARE$ to enter the fair market value (FMV) of non-share consideration received.

    5. In the Elect-On-Disp group, pertaining to the Quebec TP-614:

      1. Line-Number.n : Line number in section 3.1 associated with property

        Use the keyword Line-Number.n to enter the line number in section 3.1, "Transferred property and agreed amount", that is associated with the property.

      2. Cons-Received : Description of consideration other the partnership interest

        Use the keyword Cons-Received to enter a description of consideration received other than an interest in partnership.

      3. Cons-Part-Int$ : Fair market value of partnership interest received

        Use the keyword Cons-Part-Int$ to enter the fair market value (FMV) of partnership interest received.

      4. Tot-Cons : Total consideration received

        Use the keyword Tot-Cons to enter the total of partnership interest and non-partnership interest received.

  7. Deleted keywords

    1. From the Charity group, pertaining to federal Schedule 2:

      1. PROCEEDS-DISP : Proceeds of disposition

      2. COST.CH : Cost of gifts of medicine

  8. New options

    1. For the keyword CCA-Class pertaining to federal Schedule 8 and Quebec Schedule B:

      Class 56 - 30% DB (after March 1, 2020)

    2. For the keyword ResourceAdd in the Resource group, pertaining to federal Schedule 12:

      Accelerated Canadian development expenses
      Accelerated Canadian oil and gas property expenses

    3. For the keyword ResourceDed in the Resource group, also pertaining to Schedule 12:

      Amount receivable
      Proceeds of disposition

    4. For the keyword IncomeSource , pertaining to the federal T5013 slip and the Quebec RL-15 slip:

      Ordinary dividends received after 2020

  9. Deleted options

    1. For the keyword Charity , pertaining to federal Schedule 2:

      Gifts of medicine

 

 

January 20, 2021