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Print this pageForward this document  What's new for T3/T5013 Internet version 25.05?

The latest DT Max program update is now available for downloading. It features the T3/TP-646 program for the tax years ending from 2009 to 2021 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 2021. Installing this version will update your version of DT Max to 25.05.

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

In this version...

DT Max T3 and T5013

  1. T1134(2021) redesigned - Information Return Relating to Controlled and Non-Controlled Foreign Affiliates (2021 and later taxation years)
    1. Significant keywords related to the T1134
    2. Related options

DT Max T3

  1. Program certification
  2. Version highlights
    1. New T3 filing requirements for all non-resident trusts and express trusts resident in Canada
    2. Amount received related to COVID-19
    3. Validation of trust account numbers
    4. Quebec: Mandatory entry of trust identification number and account number in returns, reports and documents
    5. Quebec: Dividend tax credit - Change to the rate applicable to ordinary dividends
    6. EFILE for Trusts (T3)
  3. New forms
  4. Revised forms
  5. New keywords
  6. Revised keywords
  7. Deleted keywords
  8. New options
  9. Deleted options

DT Max T5013

  1. Program certification
  2. Version highlights
    1. Changes to T5013 slip and Quebec RL-15 slip
    2. T661: Increase in CPP pensionable earnings
  3. Revised forms
  4. New diagnostics
    1. Notes and diagnostics
  5. New keywords
  6. New options

 

DT Max T3 and T5013

  1. T1134(2021) redesigned - Information Return Relating to Controlled and Non-Controlled Foreign Affiliates (2021 and later taxation years)

    The T1134 form has been modified considerably with a significant number of new fields. A new group filing method has also been introduced for reporting entities that are members of a related group that share the same taxation year end. One set of T1134 forms (summary and supplements) on behalf of the entire group may now be filed.

    Foreign affiliate sequential numbers have been introduced to ensure the mapping of every occurrence of the same entity on the form to each other.

    After 2020, the form is due within 10 months after the end of the taxation year, as opposed to its 15 months current due date.

    Due to the extensive redesign of the form, important changes were required to the Foreign-Info keyword group. A thorough review of any existing data entries will be required in order to properly complete the form.

    1. Significant keywords related to the T1134

      1. Org-Structure : Reporting entity, related entities and foreign affiliates

        Use the keyword Org-Structure to enter the reporting entity, related entities and foreign affiliates. This is information required to complete Section 3, Organizational structure.

        The SIN, business, trust or partnership number entered in this group is linked to the number entered in the RelatedEntity group in order to complete one or more T1134 Supplements.

      2. Affiliate-Id : Name of foreign affiliate

        Use the keyword Affiliate-Id to enter the name of the foreign affiliate. A separate supplement will be produced for each foreign affiliate identified with this keyword.

      3. RelatedEntity : Reporting entity and related Canadian entities

        Use the keyword RelatedEntity to select the reporting entity and to enter the SIN, business number, trust account number or partnership account number as applicable of the related Canadian entity. The number must be an exact match to the entry for the entity in the Org-Structure group.

        This information is required to complete the T1134 Supplement.

    2. Related options

      For the keyword Foreign-Info :

      T1134 - Not controlled foreign affiliates

      This option is relevant in the completion of the information return relating to foreign affiliates that are not controlled foreign affiliates. A separate supplement must be completed for each foreign affiliate.

      T1134 - Controlled foreign affiliates

      This option is relevant in the completion of the information return relating to controlled foreign affiliates. A separate supplement must be completed for each foreign affiliate.

      T1134 - Dormant or inactive foreign affiliate

      This option is relevant for the completion of information returns for dormant or inactive foreign affiliates.

      For the keyword Org-Structure within the Foreign-Info group, pertaining to the T1134:

      Reporting entity
      Section 3A i)- individuals within related Canadian group
      Section 3A ii)- corporations within related Canadian group
      Section 3A iii)- trusts within the related Canadian group
      Section 3A iv)- partnerships within related Canadian group
      Section 3C i)- related corporations in organization chart
      Section 3C ii)- foreign affiliate with equity in other FA
      Section 3C iv)- partnerships of the foreign affiliate
      Section 3D - dormant FA not entered in section 3C i) & ii)
      Section 3E - lower-tier non-controlled foreign affiliate
      Individual within related Canadian group
      Corporation within related Canadian group
      Trust within the related Canadian group
      Partnership within related Canadian group

DT Max T3

  1. Program certification

    DT Max T3 is certified under the following authorization numbers:

    Paper filing

    Federal schedules: CRA-21-501

    Quebec schedules: RQFI-2101

    Federal slips: RC-21-119

    Quebec slips: FS2116012

    MR-69: RQ19-MR69-201911-FI001

    Electronic Filing

    Quebec RL-16 slip: RQ-21-16-015

  2. Version highlights

    1. New T3 filing requirements for all non-resident trusts and express trusts resident in Canada

      The Federal Budget 2018 announced the requirement that certain trusts provide additional beneficial ownership information on an annual basis. The legislation supporting this measure is presently pending. The new reporting and filing requirements will be administered by the CRA once the legislation has received Royal Assent. As such, we have been requested by the CRA to remove the applicable Schedule 15 from our program.

      Given that the Quebec taxation system is generally harmonized with the federal taxation system, Revenu Québec will temporarily lift the obligation to provide the additional beneficial ownership information of the trust.

      All beneficial ownership information can be entered in this version and will be captured on the Quebec tax form if so chosen. The information that should be reported is the identity of all trustees, beneficiaries, and settlors of the trust, as well as the identity of each person who has the ability to exert control over trustee decisions regarding the allocation or distribution of income or capital of the trust. This data will be retained and automatically carried forward to future years.

    2. Amount received related to COVID-19

      Trusts that qualify as eligible employers may have received federal, provincial, or territorial government COVID-19 assistance, such as the Canada Emergency Wage Subsidy (CEWS). If the trust received government assistance payments, the total amount received for the tax year must be included on line 11, Other income, of the T3 Trust Income Tax and Information Return. If the trust is a member of a partnership, any CEWS amount included in the partnership's income and allocated to the trust should also be entered on line 11.

    3. Validation of trust account numbers

      All trust account numbers will be validated by performing a MOD-10 calculation. A message warning clients that an invalid number has been entered will be generated.

    4. Quebec: Mandatory entry of trust identification number and account number in returns, reports and documents

      The identification number that appears on a Notice of Assessment issued by Revenu Québec must appear on the Trust Income Tax Return (TP-646-V) and Trust Information Return (TP-646.1-V) filed by a trust. If a trust does not have an identification number because it has never filed an income tax return, it can request one using form LM-58.1.2-V, Application for a Trust Identification Number.

      As of 2018, a trust must also enter the trust account number appearing on the federal Trust Income Tax and Information Return (form T3RET) in its income tax return or information return. In addition, it must provide this account number to any person or to any partnership that is required to file an information return in which this number is entered.

      As of March 26, 2021, the trust identification number and account number must appear on all returns, reports or other documents that the trust is required to file under tax legislation.

    5. Quebec: Dividend tax credit - Change to the rate applicable to ordinary dividends

      The dividend tax credit rate applicable to the grossed-up amount of ordinary dividends for dividends received or deemed received after December 31, 2020, is decreasing from 4.77% to 4.01%.

      If the trust receiving eligible or ordinary dividends is a testamentary trust whose taxation year began in 2020, use the dividend tax credit rates that apply to eligible and ordinary dividends for 2020.

    6. EFILE for Trusts (T3)

      The Canada Revenue Agency intends to release a new electronic service called EFILE for Trusts (T3).

      This new service should cover the 2021 filing season and the CRA has tentatively scheduled its release for February 2022.

      This new service was introduced in August and covers the T3 return types, schedules and forms. It also includes new features such as electronic signatures, watermarks, efile restrictions, new forms (such as the T183 form), etc. We are currently working with the CRA to implement all of the required modifications.

      Although you can still transmit T3 slips, as you have in the past, you will be prevented from transmitting the T3, T3M and T3P returns until we have obtained CRA approval and established their opening dates.

      Any attempt to transmit a T3, T3M or T3P return will generate an EFILE ineligibility diagnostic, thereby preventing such a submission.

      As the modernization project touches numerous areas and because revisions continue to take place, we strongly recommend that you paper file your T3, T3M, and T3P returns until we release a fully certified T3 efile service.

      The date of that release cannot be determined at this time as we are continuing to work with the CRA to complete their requirements.

  3. New forms

    Federal

    • T3QDT-WS Supplement - Recovery Tax Worksheet Supplement

  4. Revised forms

    Federal

    • T3 - Trust Income Tax Return

      • Additional information required for the Trustee information section.

      • Individual lines have been assigned to the deductions to arrive at taxable income in Step 4, as well as to the other tax credits in Step 5.

    • Schedule 1 - Dispositions of Capital Property

      Capital gains from information slips have been divided into two separate lines:

      • Capital gains from T3 information slips;

      • Capital gains from all other information slips.

    • 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 question #6 regarding whether income or capital gains reported falls under subsection 75(2).

    • 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

      New line 11129 - Donations made in the current tax year.

    • Schedule 12 - Minimum Tax

    • NR4 - Statement of Amounts Paid or Credited to Non-Residents of Canada

      New Code 86 - One time payment for older seniors.

    • T3 Slip and summary

    • T3A - Request for Loss Carryback by a Trust

    • 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.

      Tax brackets and rates (2021)

      T3AB - Alberta Tax

      Change in the eligible dividend tax credit rate from 36.32% to 29.48%.

      T3MB - Manitoba Tax

      The rental housing construction tax credit was discontinued in 2019 and is no longer available.

      T3NB - New Brunswick Tax

      On May 11, 2021, the New Brunswick Income Tax Act was amended to reduce the lowest personal tax rate from 9.68% to 9.40% effective January 1, 2021.

      T3PE - Prince Edward Island Tax

      Line 28 - Allowable political contribution tax credit has been removed for 2021.

      T3YT - Yukon Tax

      Change in the other than eligible dividend tax credit rate from 17.62% to 5.10%.

    • T3-ADJ - T3 Adjustment Request

    • T3 APP - Application for Trust Account Number

    • 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

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

      Reordering of the provinces alphabetically.

    • T3P - Employees' Pension Plan Income Tax Return

      • Additional information required for the Trustee information section.

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

    • T3QDT-WS - Recovery Tax Worksheet

      Information for 3 previous tax years can be entered on the form. A new supplemental form has been added if there is a need to enter more than three years.

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

      • Additional information required for the Trustee information section.

    • T184 - 2021 Capital Gains Refund to a Mutual Fund Trust

      British Columbia provincial rate increased from 50.91% to 62.12%.

    • 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

    • T1134 - Information Return Relating to Controlled and Non-Controlled Foreign Affiliates (2021 and later taxation years)

    • T1139 - Reconciliation of 2021 Business Income for Tax Purposes

    • T1163 - 2021 Statement A - AgriStability And AgriInvest Programs Information and Statement of Farming Activities for Individuals

    • T1164 - 2021 Statement B - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Additional Farming Operations

    • T1172 - Additional Tax on Accumulated Income Payments from RESPs

    • T1175 - 2021 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

    • T2042 - Statement of Farming Activities

    • T2121 - Statement of Fishing Activities

    • T2125 - Statement of Business or Professional Activities

      In Part 5, addition of line 5B relating to the Canadian journalism labour tax credit allocated in the year, as indicated in box 236 of the T5013 slip.

    • TX-19 - Asking for a Clearance Certificate

      Change in mailing address for the Quebec regional tax service office.

    Quebec

    • TP-646 - Trust Income Tax Return

      • New question 32 page 2 concerning shares held in private corporations.

      • 2021 tax brackets have been updated.

      • New section 6 - Additional information about the trust.

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

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

      • Boxes 300a and 301b have been removed.

      • Dates for boxes 301a and 301b have been modified to reflect dividends received in 2020 and 2021.

      • Lines 327a and 327b do not apply for eligible dividends for 2021.

      • Dividend tax credit rates have been updated 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

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

    • Schedule G - Additional Information - Trust Resident in Quebec That Owns a Specified Immovable

      • New section 1.3 - Persons who can exert control over the trustee's decisions.

      • Additional information such as the date of birth and the jurisdiction of residence is required for all entities, if applicable.

    • 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

    • LM-15 - Voluntary Disclosure

    • RL-16 slip - Trust Income

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

    • TP-128.F - Income Earned by a Trust From the Rental of Immovable Property

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

    • TP-646.1 - Trust Information Return

    • TP-653 - Deemed Sale Applicable to Certain Trusts

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

    • TP-726.30 - Income Averaging for Forest Producers

    • TP-729 - Carry-Forward of Net Capital Losses

    • 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

    • TP-768.1 - Recovery Tax - Qualified Disability Trust

    • TP-772 - Foreign Tax Credit

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

    • TP-785.2.6 - Notice of the Planned Disposition of a Specified Immovable Held by an Inter Vivos Trust at the Time the Trust Became Resident in Canada

    • TP-1012.B - Carry-Back of a Deduction or Tax Credit

    • TP-1031.1 - Election by a Trust to Pay in Instalments the Income Tax Resulting from a Deemed Sale Applicable to Certain Trusts

    • T1163(Q) - 2021 Statement A - AgriStability And AgriInvest Programs Information and Statement of Farming Activities for Individuals

    • T1164(Q) - 2021 Statement B - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Additional Farming Operations

    • T1175(Q) - 2021 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 2019 have been removed.

    • Assembly instructions

      • Change of mailing address for TX-19 Quebec region.

      • Modified mailing address for LM-15.

    • Beneficiary Income Allocation (Federal and Quebec)

      Lines referring to dividends received in 2019 have been removed.

  5. New keywords

    1. New keyword group pertaining to the additional filing requirements on Quebec form TP-646:

      1. File-BenOwnership : Jurisdiction for which the beneficial ownership information should be filed

        Use the keyword File-BenOwnership to indicate the jurisdiction to which the beneficial ownership information should be reported to. Based on the jurisdiction, DT Max T3 will automatically generate the applicable keywords in the affected groups: Trustee , Settlor , Beneficiary and Control-Entity .

        Revenu Québec will collect the beneficial ownership information as additional information annexed to the TP-646, Trust income tax return, or on Schedule G, if it is applicable.

    2. New keyword group pertaining to the additional filing requirements on the TP-646:

      1. Control-Entity : Entity who exerts control over trust

        Use the keyword Control-Entity to indicate the type of controlling entity. For tax years ending after December 30, 2021, trusts must report the identity of each person who has the ability to exert control over trustee decisions regarding the appointment of income or capital of the trust.

        This information will be captured on the Quebec TP-646 trust income tax return. This information may also be reported on Quebec Schedule G if the trust is resident in Quebec and owns a specified immovable.

      2. Name.ce : Name of controlling entity

      3. First-Name.ce : First name of controlling entity

      4. Birthdate.ce : Birthdate of controlling entity

      5. Street.ce : Name of the street

      6. Suite.ce : Suite number

      7. City.ce : Name of the city

      8. Province.ce : Name of the province

      9. Postal-Code.ce : Postal code

      10. State.ce : Name of the state

      11. For-Post-Code.ce : Postal code for mailing address outside of Canada

      12. Country.ce : Name of the country

      13. Residence.ce : Residence of the controlling entity of the trust

      14. Qc-Id-Num.ce : Quebec identification number

    3. In the Trustee , Settlor , Control-Entity and Beneficiary groups pertaining to the Additional information about the trust section in TP-646:

      1. BenOwnInfo : Whether the entity's information should be reported

        Use the keyword BenOwnInfo to indicate whether the beneficiary's information should be reported on the Quebec Trust income tax return.

      2. Business-Num. : Business number of entity

      3. Trust-Acct-Num. : Trust account number

      4. TTN : Temporary tax number

        Use the keyword TTN to enter the entity's tax identification number. Temporary tax numbers are generally issued to Canadian residents who have not yet received their SIN from ESDC.

      5. ITN : Individual tax number

        Use the keyword ITN to enter the entity's tax identification number. CRA issues an ITN to a non-resident of Canada who is not eligible to obtain a SIN.

      6. International-Id. : International tax identification

        Use the keyword International-Id. to enter the entity's international tax identification number.

    4. In the Trustee group pertaining to the Additional information about the trust section in TP-646:

      1. Trustee-Type.tr : Trustee classification

        Use the keyword Trustee-Type.tr to indicate the trustee's entity classification.

        If a reportable entity is a natural person, the name, date of birth, tax identification type and number, country of residence and full address will be required.

      2. Birthdate.re : Birthdate of trustee

      3. Residence.tr : Residence of the trustee

    5. In the Other-Trustee keyword subgroup within the Trustee group, pertaining to the Additional information... section in TP-646:

      1. Trustee-Type.s : Trustee classification

        Use the keyword Trustee-Type.s to indicate the trustee's entity classification. Based on the entity's classification, different information will be required in order to complete the schedule.

        If a reportable entity is a natural person, the name, date of birth, tax identification type and number, country of residence and full address will be required.

      2. Residence-Country. : Country of residence (if different from the address)

        Use the keyword Residence-Country. to enter the trustee's country of residence if different from the country entered for the address.

      3. State.set : Name of the state

    6. In the Settlor keyword group, pertaining to the Additional information... section in TP-646:

      1. Settlor-Type.set : Settlor's classification

        Use the keyword Settlor-Type.set to indicate the settlor's entity classification. Based on the entity's classification, different information will be required in order to complete the schedule.

        If a reportable entity is a natural person, the name, date of birth, tax identification type and number, country of residence and full address will be required.

      2. Country.set : Name of the country (if other than Canada)

      3. Residence.set : Residence of the settlor of the trust

    7. In the Progress group, pertaining to the client invoice:

      1. Invoice-Number : Invoice number (Information purposes only)

        Use the keyword Invoice-Number to record which invoice is being paid. This keyword is simply for information purposes and is not captured on the invoice.

      2. Payment-Amount : Payment amount

        Use the keyword Payment-Amount to enter the amount the client has paid. This payment will be captured on the client's invoice.

      3. Payment-Type : Payment type

        Use the keyword Payment-Type to indicate the method of payment. This information will be entered on the client's invoice.

      4. Received-By : Payment received by

        Use the keyword Received-By to record who has received the payment. This is for information purposes only and will not appear on the invoice.

    8. In the IncomeSource group:

      1. COVID19-Assist : COVID-19 government assistance

        Use the keyword COVID19-Assist to enter the federal, provincial or territorial government COVID-19 assistance, such as the Canada Emergency Wage Subsidy (CEWS). The total amount received for the tax year must be included on line 11, Other income, on the T3 trust return.

    9. In the Partnership group:

      1. COVID19-Assist.t : COVID-19 government assistance

        Use the keyword COVID19-Assist.t to enter any Canada Emergency Wage Subsidy (CEWS) amount included in the partnership's income and allocated to the trust. The total amount received for the tax year must be included on line 11, Other income, on the T3 trust return.

    10. In the T3M group:

      1. Refund-Code.m : Refund code

        Use the keyword Refund-Code.m if the trust is entitled to a refund.

    11. In the Duties-Enclosed.vd keyword subgroup within the Voluntary-Disclose group, pertaining to form LM-15:

      1. Payment-Method.v : Select the appropriate payment method

        Use the keyword Payment-Method.v to indicate the payment method, if applicable. This information will be entered on LM-15, Section 3, part 3.4 - Payment of duties.

      2. Amount.v : Payment of the amounts covered by the voluntary disclosure

      3. Date.v : Date of payment

    12. In the Foreign-Info keyword group pertaining to form T1134:

      1. Reporting-Entities : Whether filing for one reporting entity or for a group of reporting entities

        Use the keyword Reporting-Entities to indicate whether this T1134 summary is filed for one reporting entity or for a group of reporting entities that are related to each other.

  6. Revised keywords

    1. The keyword FAPI in the Foreign-Info group has been modified as follows:

      1. FAPI-FAPL-FACL : FAPI or FALP or FACL of foreign affiliate

        Use the keyword FAPI-FAPL-FACL to indicate whether or not the foreign affiliate earned FAPI or incurred any FAPL or FACL losses in the taxation year.

  7. Deleted keywords

    1. From the Foreign-Info keyword group:

      1. Indebted: Indebtedness of reporting taxpayer or foreign affiliate

  8. New options

    1. For the keyword Payment-Method.vdp within the Voluntary-Disclose group, pertaining to form LM-15:

      Request for an online payment code

    2. For the keyword Beneficiary-Code within the Beneficiary group, Code 4 was separated into two options in order to better identify the entity:

      Code 4 - Trust
      Code 4 - Association, club or partnership

    3. For the keyword Other-credits within the Tax-Credits group:

      British Columbia environmental trust tax credit
      Saskatchewan environmental trust tax credit
      Odour-control tax credit (carry forward)

    4. For the keyword Income.bus within the Business group:

      Canadian journalism labour tax credit received in the year

    5. For the keywords Program-Pymt-A and Program-Pymt-B within the Business group:

      770 2020 PEI Potato seed recovery program
      771 Newfoundland and Labrador livestock insurance program
      772 Post tropical storm Dorian response program

    6. For the keyword Income-Code.nr4 within the Beneficiary group, pertaining to the NR4 slip:

      86 One-time payment for older seniors

    7. For the keyword BenOwnInfo within the Trustee , Other-Trustee , Settlor , Control-Entity and Beneficiary groups:

      Add reportable entity - QC only
      Previously reported entity - QC only

    8. For the keywords Trustee-Type.tr , Trustee-Type.s , Settlor-Type.set and Control-Entity :

      Natural person
      Corporation
      Trust
      Other

    9. For the keyword Transferor.ben within the Beneficiary group:

      Subsection 75(2) applies
      Subsection other than 75(2) applies

    10. For the keyword JournalismLabour within the Partnership group:

      Claim credit and include in business income
      Claim credit only (already included in business income)

  9. Deleted options

    1. From the keyword Other-credits within the Tax-Credits group:

      Rental housing construction tax credit

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-21-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-21-P001

    Quebec slips: RQ-21-15-003

  2. Version highlights

    1. Changes to T5013 slip and Quebec RL-15 slip

      Limited partner losses are now limited to the adjusted at-risk amount. This includes losses from business, professional, commission, fishing and rental property.

      On the T5013 slip, losses are limited to the amount in box 106, Limited partner's adjusted at-risk amount, and losses not applied are entered in box 108, Limited partner's loss available for carry forward.

      On the RL-15 slip, losses are limited to the amount in box 26, At-risk amount, and losses not applied are entered in box 27, Limited partnership loss.

    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 2021 have increased from $61,600 to $64,900.

  3. Revised forms

    Federal

    • Schedule 8 - Capital Cost Allowance (CCA)

    • Schedule 9 - List of Partnerships

    • Schedule 12 - Resource-Related Deductions

      Part 5 - Recapture of earned depletion has been removed.

    • T5013 slip - Statement of Partnership Income

      The following boxes have been added:

      • Box 237 - Farmer fuel charge tax credit

      • Box 238 - Ventilation system installation tax credit

      Use the keyword FED-TAX-CREDIT to enter these new boxes.

    • Schedule 141 - Financial Statement Notes Checklist

    Quebec

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

      Line 06 has been added for the trust account number.

  4. New diagnostics

    1. Notes and diagnostics

      Federal

      T5013 slip - Limited partner business losses have been restricted to the adjusted at-risk amount (Box 106).

      T5013 slip - Limited partner fishing losses have been restricted to the adjusted at-risk amount (Box 106).

      T5013 slip - Limited partner professional losses have been restricted to the adjusted at-risk amount (Box 106).

      T5013 slip - Limited partner commission losses have been restricted to the adjusted at-risk amount (Box 106).

      T5013 slip - Limited partner rental losses have been restricted to the adjusted at-risk amount (Box 106).

      Quebec

      RL-15 - Limited partner business losses have been restricted to the adjusted at-risk amount (Box 26).

      RL-15 - Limited partner fishing losses have been restricted to the adjusted at-risk amount (Box 26).

      RL-15 - Limited partner professional losses have been restricted to the adjusted at-risk amount (Box 26).

      RL-15 - Limited partner commission losses have been restricted to the adjusted at-risk amount (Box 26).

      RL-15 - Limited partner rental losses have been restricted to the adjusted at-risk amount (Box 26).

  5. New keywords

    1. Pertaining to the T5013 slip:

      1. FED-TAX-CREDIT : Type and amount of federal tax credit

        Use the keyword FED-TAX-CREDIT to enter the calculated federal credit in the appropriate category.

  6. New options

    1. For the keyword FED-TAX-CREDIT pertaining to the T5013 slip:

      237 Farmer fuel charge tax credit

      The farmer fuel charge tax credit is a federal refundable tax credit; eligible entities include corporations, individuals, and partnerships. Eligible entities can claim an amount equal to eligible farming expenses multiplied by a pre-determined rate as a refundable tax credit.

      238 Ventilation system installation tax credit - after 2021

      The ventilation system installation tax credit is a federal refundable tax credit; 25% of eligible ventilation improvement expenses of up to $10,000 per building location, with a maximum of $50,000 per company. Eligible entities include corporations, individuals, partnerships and trusts.

      The ventilation system installation tax credit is available in tax years after 2021.

 

 

January 26, 2022