The latest DT Max program update is now available for downloading. It features the fully functional T1/TP1 program for tax years 1996 to 2004. Please note that T1 v8.01 supports paper filing but does not support efile due to its early release date. In this edition...Known issues revised since v7.35Known issues fixed in v8.01 New features New keywords New forms Reminders Known issues revised since v7.35Known issues fixed in v8.01New featuresA new diagnostic was created to compare the amount of Child Tax Benefit supplement for children under the age of 7 and the amount of child care expenses. A new diagnostic is available in cases where a capital loss or non capital loss occurs in the year. The program now verifies eligibility to a labour-sponsored tax credit for taxpayers age 55 to 64. New keywordsUse the keyword SAFETYDEPOSIT to enter the rental charge for a safety deposit box. This amount is deductible on the federal return only. The keyword Medical now allows you to enter the date that a medical expense was incurred together with the description of the expense. Use the keyword Amended to enter a text that you want to appear as watermark on each page of the tax return. New forms
TP-1079.6 - Statement of losses and deductions respecting a tax shelter (Quebec) RemindersIf you file a paper return, note that you are only required to submit form TPF-1.W titled Sommaire des champs à saisir de la déclaration de revenus. Do not submit the jacket (general or simplified) to the MRQ. As always, we recommend that you verify your carryforwards carefully before processing your client files. Forms marked "Prelimimary" at the top of the page should not be submitted to the government as they were not available in official version at the time of the release of v8.01. |
