DT Max version 9.20 features the T1/TP1 program for tax years 1996 to 2005 and fully supports T1 efile. Installing this version will update your version of DT Max to v9.20. Version 9.20 also features the T3/TP-646 program for fiscal periods ending from 2003 to 2006 inclusively. The rates for the 2006 tax return are those known as of January 1, 2006. Any changes arising from the new budgets will be available in the planner version expected for a summer 2006 release. In this edition...DT Max T1DT Max T3 DT Max T1Known issues fixed in v9.20
Amount on line 42 of Schedule K Total deductions on line 254 of Quebec return incorrect in certain circumstances Amount on line 279 of Quebec jacket different than total of lines 275 to 277 New featureNew client letter variable (%225) RL-1 Box I - taxable benefitTaxpayers with a taxable benefit with respect to a vehicle showing in box I of RL-1 are now required to maintain and submit a copy of a mileage record. Failing to comply may result in a $200 penalty. The client letter now warns taxpayers of this new requirement. All versions of the letter have been modified accordingly. New keyword (Quebec)
Date at which the renunciation takes effect (RL-11). If the date is after March 11, 2005, the deduction for exploration or development expenses respecting flow-through shares issued under a preliminary prospectus or an exemption from filing a prospectus will be considered as investment expenses for purposes of the calculation of the adjustment of investment expenses, and will be reported on line 14 of Schedule N. DT Max T3New forms
NR4 Summary - Return of amounts paid or credited to non-residents of Canada T1163 - CAIS program information and statement of farming activities for individuals T1273 - Harmonized CAIS program information and statement of farming activities for individuals Schedule 10 - Part XII.2 tax and Part XIII non-resident withholding tax New keywords
To enter the identification number given to non-residents for tax purposes by their country of residence. To enter the identification number that has been assigned to the non-resident beneficiary. To indicate whether the beneficiary is a designated beneficiary for the purpose of Part XII.2 tax. A designated beneficiary may be: A designated beneficiary is not usually entitled to the refundable tax credit for Part XII.2 tax that the trust has paid. Select what type of NR4 slip is to be produced. DT Max will automatically complete an NR4 slip "Statement of Amount Paid or Credited to Non-Residents of Canada" for each beneficiary non-resident in Canada to whom the trust allocated income in the year. Line of NR4 slip to be overriden. DT Max will automatically fill out the boxes on the NR4 slip. However, you may use the keyword NR4-Slip-OV to override the data entered if need be. Options line 1 and line 2 are available for this keyword. Answer "yes" or "no" depending on whether Part XIII non-resident withholding tax applies. To enter the amount of adjustment for non-cash items included in the total income paid or payable to non-resident beneficiaries. Amounts not subject to Part XIII tax. They may be amounts that are not subject to witholding tax based on the tax treaties, or amounts that are distributions made by certain trusts that were established before 1949. Applicable rate of Part XIII tax if lower than the 25% requirement by virtue of a tax treaty. Amount of tax remitted on Form NR-76. Payer's non-resident remittance account number. Answer "yes" or "no" depending on whether filing as a disbursing agent. TSO (tax services office) code applicable. Person from whom further information may be obtained on the NR-4 summary. |
