DT Max version 6.25 is currently available for downloading from our Web site. It must be applied to v6.20 or later, and will update the program version you are using to DT Max v6.25. DT Max v6.25 contains the T2 tax program for fiscal periods ending in 2002 and 2003, and it fully supports T2 federal efile and Ontario CT23 D-file. In this editionProgram certificationFederalDT Max is fully certified for RSI's, efile, and corporate Internet filing under the CRA's specifications of February 28, 2003. Users can file returns with year-ends up to October 31, 2003. To simplify the corporate Internet filing process, DT Max now allows users to connect directly to the CRA's Web site after having generated the returns in electronic format. For an overview of T2 Internet filing with DT Max, please refer to Filing corporate tax returns electronically. AlbertaDT Max is now fully certified under the new specifications of Alberta Revenue. The general tax rate for Alberta has been reduced from 13% to 12.5% effective April 1, 2003. This change has been incorporated in this version. The increase in the business limit (from $350,000 to $400,000) to which the low rate of corporate income tax may be applied is also incorporated into this version. OntarioDT Max is newly certified under the new specifications of the Ontario Ministry of Finance. Note that the CT23 capital tax $5,000,000 exemption changes from the 2002 budget have not been incorporated into this version. The Ontario MoF did not consent to the implementation of these changes as finalized forms were unavailable. Known issues since version 6.20Keyword highlights
FormsFederalNewSchedule 20 - Part XIV tax - Branch taxSchedule 366 - New Brunswick corporation tax calculation Schedule 383 - Manitoba corporation tax calculation Schedule 411 - Saskatchewan corporation tax calculation Schedule 427 - British Columbia corporation tax calculation RevisedRC59 - Business consent formSchedule 5 - Tax calculation supplementary - corporations Schedule 32 - Claim for SR&ED carried out in Canada Schedule 340 - Nova Scotia research and development tax credit Schedule 424 - British Columbia two-year tax holiday for new small businesses AlbertaRevisedAlberta Corporate income tax returnAT1 Schedule 1 - Alberta small business deduction OntarioRevised2002 CT23 Short-form corporations tax annual return2002 CT23 Corporations tax and annual return Schedule 17 - Additional deduction for credit unions Schedule 18 - Ontario capital gains refund Schedule 111 - Ontario foreign tax credit Also note that...Corporations' business numbersThe CRA has informed us that they have been receiving corporate tax returns with 123456782RC001 as the corporation's business number. Please avoid using this number. While it is technically a valid business number, these returns are subject to processing delays as the information for the particular corporation is fictitious. If your client is not a registered corporation, enter NR where a business number is required. If your client is registered, then enter the proper business number assigned to that corporation. GIFI totalsDT Max calculates the sub-totals of the GIFI entries based on the data entered. There is now an "override" description appearing next to the GIFI item to tell the user which GIFI fields are totals. The CRA has informed us that some DT Max users are only entering the total fields without any breakdown of the amounts. Therefore, if you are using an override, make sure that all GIFI entries that comprise the total are entered, and that everything balances correctly. Also, you need only enter GIFI fields that are applicable to the corporation. Entering irrelevant GIFI fields with a "0" value may lead to processing delays with the CRA. Fiscal year-end filterThe fiscal year-end filter in the client list is now working properly, and users will no longer get the numeric list instead of the year-end list. Please note that in order to remedy the situation you have to rebuild your database. To do so, select Advanced utilities in the Tools menu, and choose the option Rebuild database. |