Version 11.25 includes the T2 program for fiscal periods ending from 1994 to
2008 and fully supports corporation Internet filing (T2 and CO-17) as well as
Ontario CT23 diskette filing (D-File).
Federal:
- Schedule 2 - Charitable donations and gifts
In order to reflect form changes, the following keywords have been added
to these groups:
In CCA-Class group:
Elig-Amt.CCA : Eligible amount of the gift
In CapitalProp group:
Elig-Amt : Eligible amount of the gift
- Schedule 5 - Tax calculation supplementary - Corporations
- Schedule 6 - Summary of dispositions of capital property
In order to reflect form changes, the following keyword has been added
to the CapitalProp group:
Stop-Loss-Adj : Adjustment under subsection 112(3) of the ITA
- Schedule 17 - Credit union deductions
- Schedule 27 - Calculation of Canadian manufacturing and processing profits
deduction
- Schedule 28 - Election not to be an associated corporation
- Schedule 31 - Investment Tax Credit - Corporations
- Schedule 36 - Agreement among related corporations - Part I.3 Tax
- Schedule 37 - Calculation of unused surtax credit
- Schedule 42 - Calculation of unused Part I tax credit
- Schedule 43 - Calculation of Parts IV.1 and VI.1 taxes
- Schedule 97 - Additional information on non-resident corporations in Canada
- Schedule 343 - Nova Scotia tax on large corporations - Agreement among
related corporations
- Schedule 362 - New Brunswick tax on large corporations - Agreement among
related corporations
- Schedule 381 - Manitoba manufacturing investment tax credit
- Schedule 427 - British Columbia corporation tax calculation
- AgriStability/AgriInvest - 2007 Statement A, corporations/co-operatives
- AgriStability/AgriInvest - 2007 Statement A, corporations/co-operatives
and special individuals
In order to reflect form changes, the following keywords have been added
to the new Agri-Program group, which replaces the former CAIS group:
a) Application.a : Is this application for AgriStability or AgriInvest?
New options for Application.a :
AgriStability only
AgriInvest only
AgriStability and AgriInvest
b) Complete-Cycle : Have you completed a production cycle on at least
one of the commodities you produced?
c) Disaster-Circum : If the answer to the question above is "No",
was it due to disaster circumstances?
Manitoba:
- MCT 1- Corporation capital tax return (plus supplements)
Quebec:
- CO-17S.43 - Calculation of Parts IV.1 and VI.1 taxes
- CO-726.30 - Deduction for income-averaging for forest producers
- CO-1029.8.35 - Quebec film production tax credit (French only)
- RD-1029.8.6 - Tax credit for university research or research carried out
by a public research centre or a research consortium
- MR-93.1.1 - Notice of objection
Federal:
- Schedule 304 - Newfoundland and Labrador resort property investment tax
credit
In order to reflect changes brought on by this new form, the following
keywords have been added to these groups:
In ProvITC-CF group:
NLITC-CF : Opening ITC carryforward available & year earned
In Resort-Property group:
Credit.r : Receipt number and amount of credit
- Schedule 347 - Additional certificate numbers for the Nova Scotia digital
media tax credit
- Schedule 387 - Manitoba community enterprise investment tax credit
In order to reflect changes brought on by this new form, the following
keywords have been added to the COMMUNITY-ENT group:
a) COMMUNITY-ENT : Community enterprise investment tax credit
b) Credit-Amt : Amount of credit from community enterprise investment
c) CR-ALLOC : Amount and source of tax credits allocated
- AgriStability and AgriInvest additional information and adjustment request
(no calculation support provided for this new form)
Quebec:
- CO-1029.8.36.EM- T - Tax credit for resources
In order to reflect changes brought on by this new form, the following
new keywords have been added to the following two groups:
In Resource-Tax-Cr group:
a) DATE-INCURRED : Date the eligible expenses were incurred and paid
b) MineRes-Oper : If the corporation operates a mineral resource or
an oil or a gas well
c) Expenses.r : Eligible expenses incurred and paid
d) Assistance.r : Assistance, benefit or advantage received (+) or repaid
(-)
e) Renounce-Amt : Expenses renounced by the corporation
f) Partner-Info.r : Type of relationship partner is involved in
g) Partner-Name.r : Partnership's name
h) Resource-Type : Type of eligible resource expense
i) RESCR-LIM : Limit non-refundable resource tax credit
In RESOURCE-CR-CF group:
AMOUNT-CF.RES : Amount of the non-refundable resource tax credit carried
forward
In CCA-Class group:
Elig-Amt.CCA : Eligible amount of the gift
Use the keyword Elig-Amt.CCA to enter the eligible amount of the gift.
In CapitalProp group:
a) Elig-Amt : Eligible amount of the gift
Use the keyword Elig-Amt to enter the eligible amount of the gift.
b) Stop-Loss-Adj : Adjustment under subsection 112(3) of the ITA
Section 112(3) is a "stop-loss" rule reducing the loss of the
corporation in cases from a disposition of a share that is capital
property, where the corporation received tax-free dividends on the share.
Use the keyword Stop-Loss-Adj to enter the amount of the adjustment.
In ProvITC-CF group:
NLITC-CF : Opening ITC carryforward available & year earned
This is the amount of the NL resort property investment tax credit (ITC)
to
carry forward into the current year and earned in the particular year of
reference entered here.
In Resort-Property group:
a) Resort-Property : Resort property investment tax credit
Use the keyword Resort-Property if you are a qualifying investor that
made an eligible investment in a qualifying resort development property
unit in Newfoundland and Labrador after June 13, 2007.
b) Credit.r : Receipt number and amount of credit
Use the keyword Credit.r to enter the receipt number and the amount
of the resort property investment tax credit.
In Resource-Tax-Cr group:
a) DATE-INCURRED : Date the eligible expenses were incurred and paid
Use this keyword to indicate when the eligible expenses were incurred
and paid. For eligible expenses incurred and paid before January 1, 2008,
the corporation may request a temporary non-refundable tax credit.
b) MineRes-Oper : If the corporation operates a mineral resource or
an oil or a gas well
Use this keyword to indicate if the corporation operates a mineral
resource or an oil or gas well. If "yes", then the applicable
rate used for a
corporation that has incurred expenses in Quebec related to renewable sources
of energy and energy saving is 30%; otherwise, the rate is 35%.
c) Expenses.r : Eligible expenses incurred and paid
Use this keyword to enter the amount of eligible expenses incurred and
paid.
d) Assistance.r : Assistance, benefit or advantage received (+) or repaid
(-)
DT Max will deduct assistance, benefit or advantage received (entered as
positive in Assistance.r ) from or add assistance, benefit or advantage
repaid (entered as negative in Assistance.r ) to the qualified expenditures
incurred by the corporation.
e) Renounce-Amt : Expenses renounced by the corporation
Use this keyword to enter the expenses renounced by the corporation in
favor of an investor under the Quebec flow-through share system.
f) Partner-Info.r : Type of relationship partner is involved in
Use this keyword to indicate whether the partnership is an eligible partnership
whereby the corporation is a member, an intermediary partnership whereby
the corporation is a member, or an eligible partnership whereby the corporation
is a member by an intermediary partnership.
g) Partner-Name.r : Partnership's name
Enter the name of the partnership using this keyword, for purposes of
the CO-1029.8.36.EM form. The same name must also be entered in the keyword
Name.re within the RelatedParty group in order to allow entry of other
data pertaining to the partnership.
h) Resource-Type : Type of eligible resource expense
Use the keyword Resource-Type to indicate the type of eligible resource
expense.
i) RESCR-LIM : Limit non-refundable resource tax credit
Use the keyword RESCR-LIM to limit the amount of non-refundable resource
tax credit to be claimed by the corporation.
In RESOURCE-CR-CF group:
AMOUNT-CF.RES : Amount of the non-refundable resource tax credit carried
forward
Use this keyword to enter the amount of the non-refundable resource tax
credit carried forward.
In COMMUNITY-ENT group:
a) COMMUNITY-ENT : Community enterprise investment tax credit
Use the keyword COMMUNITY-ENT if the corporation wishes to claim the
non-refundable community enterprise tax credit for an eligible investment
in emerging enterprises that require larger amounts of investment capital
than community ownership can provide. The credit will apply to securities
acquired on after January 1, 2008.
b) Credit-Amt : Amount of credit from community enterprise investment
Use this keyword to enter the corporation's credit amount from community
enterprise investment tax credit receipts.
c) CR-ALLOC : Amount and source of tax credits allocated
Use the keyword CR-ALLOC to enter tax credits from CEI tax credit receipts
which have been allocated to the corporation. The amount entered will appear
on the provincial tax credit form for purposes of the calculation of the
current year tax credit earned.
