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Print this pageForward this document  What's new for T2 Internet version 6.25?

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 edition

Program certification

    Federal

    DT 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.

    Alberta

    DT 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.

    Ontario

    DT 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 6.20

Keyword highlights

  • The keyword CLIENTCODE is now available in the client list. To enable this feature you must rebuild your database with this new version in order to get existing CLIENTCODE entries to appear in the client list. To rebuild your database, select Advanced utilities in the Tools menu, and choose the option Rebuild database.

    The keyword LIST-MEMO has been created to allow users to enter a short memo in the data editor that will then appear in the client list for a given client.

    To enable the display of CLIENTCODE and/or LIST-MEMO in the client list, tick the appropriate box under Client list settings in the Preferences menu.

  • The keyword TECH-LEVEL can be used to enter information about the technical level of the SR&ED project (schedule 32).

  • Use the keyword Material.p to enter the total cost of materials consumed during the SR&ED project (schedule 32).

  • Use the keyword Contract.p to enter the total contract expenditures of the SR&ED project in the current tax year (schedule 32).

  • Use the keyword HomePage to identify the corporation's Web site for purposes of federal schedule 32.

  • The keyword Consent tells DT Max whether or not to print a letter of authorization with the tax return, and whether the corporation consents to the release of confidential information to a representative, or cancels consent for an existing representative.

  • Use the keyword Cancel.rep to indicate whether the corporation is canceling consent to the release of confidential information for all representatives or for a specific representative.

  • The keyword Year-Info is used to indicate the period to which the consent to the release of confidential information or the cancellation of such consent applies. This replaces the keyword AUTHORIZE. DT Max will automatically convert this information if the AUTHORIZE keyword is present in a given file.

  • Use the keyword Account to indicate to which accounts the consent applies, or does not apply. This replaces the keyword INFO-TYPE. DT Max will automatically convert this information if the INFO-TYPE keyword is present in a given file.

  • The keyword Branch-Tax opens up a group to enter information pertaining to Part XIV tax for non-resident corporations (schedule 20).

Forms

    Federal

      New

      Schedule 20 - Part XIV tax - Branch tax
      Schedule 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

      Revised

      RC59 - Business consent form
      Schedule 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

    Alberta

      Revised

      Alberta Corporate income tax return
      AT1 Schedule 1 - Alberta small business deduction

    Ontario

      Revised

      2002 CT23 Short-form corporations tax annual return
      2002 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 numbers

    The 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 totals

    DT 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 filter

    The 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.

June 20, 2003