What's new for T2 Internet version 13.25?

DT Max version 13.25 includes the T2 program for fiscal periods ending from 1994 to 2010 and fully supports corporation Internet filing (T2 and CO-17). Please note that all program versions are always made available on the Internet.

In this version...

1. Program certification
2. Version highlights
   1. Quebec form CO-1000.TE (corporation efiling): new method and requirements
   2. NetFiling a CO-17 return with a 2009 taxation year or prior
   3. Corporations with gross revenue of more than $1 M required to file their return electronically
3. New forms
4. Modified forms
5. Deleted form
6. New keywords
7. Deleted keywords
8. New options
9. Deleted options

1.   Program certification

Federal:

For DT Max version 13.25, the federal barcodes and the Corporation Internet Filing module have received full CRA certification valid for taxation years ending up to October 31, 2010 under the DT21 stamp.

Alberta:

Alberta Finance has granted DT Max a new certification for this version, also labeled DT21.

2.   Version highlights

• Quebec form CO-1000.TE (corporation efiling): new method and requirements

  The Quebec T2 efile setup will now include an additional method of transmission called "NETFILE". This method will require you to enter your efile number and web access code. If you are already a T1 efiler, you may use your T1 number and access code. If you are not already registered as an efiler, you will be required to complete and submit the LM-223, NETFILE Québec Tax Preparer Registration Form.

  The only difference between this method of transmission and Clic Revenu is that NETFILE requires an efile number and web access code to access the site. In addition, if a corporation income tax return is being transmitted electronically by someone other than the required filer, an authorized signing officer of the corporation must complete and sign Form CO-1000.TE, Online Filing of the Corporation Income Tax Return by an Accredited Person, before the tax return is transmitted.

  The amounts entered on Form CO-1000.TE must match the amounts on the electronically filed return. Do not submit the form unless it is requested by RQ. Keep a copy for your records.

  The CO-1000.TE is fully supported within this new version of DT Max.

  Please note that form MRW-69, Power of Attorney, Authorizaton to Communicate Information to a Person Registered for Clic Revenu Services, or Revocation, which is required when efiling under Clic Revenu, will not be required when transmitting under NETFILE.

  Please refer to our knowledge base for additional information on Corporation Internet Filing with Revenu Québec .

• NetFiling a CO-17 return with a 2009 taxation year or prior

  Please note that DT Max will support the CO-1000.TE form for taxation years 2010 onward.

  If you attempt to transmit a Quebec corporate return using the new NETFILE option for a taxation year prior to 2010, then you will have to manually generate and complete the CO-1000.TE form.

  You may view and print a blank CO-1000.TE form by accessing DT Max in 2010 and clicking on the View menu, then on View or print blank forms. Once printed, you will then be able to complete the form by hand.

• Corporations with gross revenue of more than $1 M required to file their return electronically

  Please note that all efile eligible corporations with gross revenue in excess of $1 million and filing returns with tax years ending after May 2010 will be required to Internet file their return. The only exceptions are:

  - Corporations reporting in functional currency;
  - Non-resident corporations.

  Gross revenue in excess of $1 million will be determined by the total of lines 8299 (Total Revenue) and 9659 (Total Farm Revenue) of Schedule 125.

  Please note that new options have been added to the drop-down menu in the "Electronic filing setup (efile)" screen, under the "Québec CO-17" tab, to reflect the above changes. You may select either of these new options to file via the Internet. If you wish to select only one file in particular to submit electronically, you may use the keyword Efile-Quebec in the "Data entry" section of your client's file and select the applicable option.

3.   New forms

Quebec:

• CO-1000.TE - Online Filing of the Corporation Income Tax Return by an Accredited Person (see Version highlights section)
• COZ-1179 - Logging Operations Return

4.   Modified forms

Federal:

• Schedule 200 - T2 Corporation Income Tax Return
• Schedule 5 - Tax Calculation Supplementary - Corporations (2009 and later tax years)
• Schedule 18 - Federal and Provincial or Territorial Capital Gains Refund (2006 and later tax years and Ontario 2009 and later tax years)
• Schedule 21 - Federal and Provincial or Territorial Foreign Income Tax Credits and Federal Logging Tax Credit (2010 and later tax years)
• Schedule 32 - Scientific Research and Experimental Development (SR&ED) Expenditures Claim
• Schedule 60 - Scientific Research and Experimental Development (SR&ED) Expenditures Claim - Project Information
• Schedule 33 - Taxable Capital Employed in Canada - Large Corporation (2010 and later tax years)
• Schedule 34 - Taxable Capital Employed in Canada - Financial Institutions (2010 and later tax years)
• Schedule 35 - Taxable Capital Employed in Canada - Large Insurance Corporations (2010 and later tax years)
• Schedule 37 - Calculation of Unused Surtax Credit (2010 and later tax years)
• Schedule 38 - Part VI Tax on Capital of Financial Institutions (2010 and later tax years)
• Schedule 62 - Agreement to Transfer Qualified Expenditures Incurred In Respect of SR&ED Contracts Between Persons not Dealing at Arm's Length
• Schedule 305 - Newfoundland and Labrador Capital Tax on Financial Institutions (2008 and later tax years)
• Schedule 306 - Newfoundland and Labrador Capital Tax on Financial Institutions - Agreement among related corporations
• Schedule 428 - British Columbia Training Tax Credit (2009 and later tax years)
• Schedule 490 - Nunavut Business Training Tax Credit (2009 and later tax years)
• Schedule 500 - Ontario Corporation Tax Calculation (2010 and later tax years)
• Schedule 502 - Ontario Tax Credit for Manufacturing and Processing (2010 and later tax years)
• Schedule 504 - Ontario Resource Tax Credit and Ontario Additional Tax re Crown Royalties (2010 and later tax years)
• Schedule 506 - Ontario Transitional Tax Debits and Credits (2010 and later tax years)
• Schedule 510 - Ontario Corporate Minimum Tax (2009 and later tax years)
• Schedule 525 - Ontario Political Contributions Tax Credit (2009 and later tax years)
• Schedule 552 - Ontario Apprenticeship Training Tax Credit (2009 and later tax years)
• Schedule 554 - Ontario Computer Animation and Special Effects Tax Credit (2009 and later tax years)

  Please note that changes have been made to the keyword Remuneration , regarding schedule 554. The following new options have been added:

  
  Remuneration paid to individuals before March 27, 2009
  Remuneration paid to individuals after March 26, 2009
  Remuneration paid to partnerships before March 27, 2009
  Remuneration paid to partnerships after March 26, 2009
  

  We recommend that you verify your entries as you will have to choose the correct option.

• Schedule 556 - Ontario Film and Television Tax Credit (2009 and later tax years)
• Schedule 558 - Ontario Production Services Tax Credit (2009 and later tax years)
• Schedule 564 - Ontario Book Publishing Tax Credit (2009 and later tax years)
• T1142 - Information Return in Respect of Distributions from and Indebtedness to a Non-Resident Trust
• Notes and diagnostics (in-house form)
• Assembly instructions (in-house form)
• Carryforward schedule (in-house form)

Quebec:

• CO-1029.8.36.EL - Crédit d'impôt pour l'édition de livres (Tax Credit for Book Publishing - in French only)
• CO-1029.8.36.DF - Crédit d'impôt pour le doublage de films (Tax Credit for Film Dubbing - English version now available)
• CO-1029.8.36.SM - Crédit d'impôt pour la production de spectacles (Tax Credit for the Production of Performances - English version now available)
• TP-1029.9 - Tax Credit for Taxi Drivers, for Taxi Owners or for the Modernization of the Taxi Fleet

5.   Deleted form

Federal:

• Schedule 36 - Agreement Among Related Corporations

6.   New keywords

1. In the Cred-Film keyword group, pertaining to federal schedule 554 (Ontario Computer Animation and Special Effects Tax Credit):
   
   
   • ContactName.f : Enter the name of the contact person (if different contact person than in the Address group)

     Use this keyword to enter the name of the contact person, if it is not the same individual entered in ContactName in the Address group.

   • ContactPhone.f : Enter the telephone number of the contact person (if different phone number than in the Address group)

     Use this keyword to enter the telephone number of the contact person, if it is not the same telephone number entered in Phone in the Address group.

2. In the CCA-Class group, pertaining to federal schedule 8 (Capital Cost Allowance (CCA) (2006 and later tax years)) and applicable provincial schedules:

   HalfYr-RuleOV : Half the amount by which the net cost of acquisitions exceeds proceeds of disp./ov

   Use this keyword to override the 50% rule amount claimed on this class. This corresponds to 1/2 the amount, if any, by which the net cost of acquisitions exceeds the proceeds of disposition during the year.

3. In the CorpHistory group, pertaining to federal schedule 200 (T2 Corporation Income Tax Return):

   SBD-LargeCorpAmt : "Large corporation amount" at line 415 of the T2 return in order to calculate SBD

   The business limit reduction is calculated in the small business deduction area of the T2 return. One of the factors used in this calculation is the "Large corporation amount" at line 415 of the T2 return. If the corporation is a member of an associated group of corporations in the current tax year, the amount at line 415 of the T2 return is equal to 0.225% x (A - $10,000,000) where, "A" is the total of taxable capital employed in Canada of each corporation in the associated group for its last tax year ending in the preceding calendar year.

4. Pertaining to federal schedule 31 (Investment Tax Credit - Corporations):

   ITC-Limit : Limit to ITC claimed in current year

   Use ITC-Limit to limit the amount of investment tax credit (ITC) claimed on schedule 200. If ITC-Limit is lower than the allowable ITC calculated on schedule 31 (T2038), ITC-Limit will be used on schedule 31 (T2038). If ITC-Limit exceeds the allowable ITC, then schedule 31 (T2038) will correctly reflect the allowable ITC amount.

5. In the LoggingReturn group, pertaining to the new Quebec form COZ-1179 (Logging Operations Return):

   • Logging-Income : Logging income in current year

     Use the keyword Logging-Income to enter the logging income for the associated corporation in the current year.

   • Partner-LogInc : Corporation's share of partnership total income from logging operations

     Use the keyword Partner-LogInc to enter the corporation's share of partnership total income from logging operations in the current year.

   • Name.l : Name of limit holder

     Use the keyword Name.l to enter the name of the limit holder, name of purchaser or name of seller, as applicable.

   • Street.log : Street

     Use the keyword Street.log to enter the street number and name.

   • Suite.log : Suite number

     Use the keyword Suite.log to enter the suite number.

   • POBox.log : Post office box number

     Use the keyword POBox.log to enter the post office box number.

   • City.log : City

     Use the keyword City.log to enter the name of the city.

   • Province.log : Province

     Use the keyword Province.log to enter the province.

   • PostCode.log : Postal code

     Use the keyword PostCode.log to enter the postal code.

   • Location.l : Location of the logging operations

     Use the keyword Location.l to enter the location of the logging operations.

   • Rights-Paid : Amount of timber-cutting rights paid

     Use the keyword Rights-Paid to enter the amount of timber-cutting rights paid in respect of the location of the logging operations.

   • Qty-ForestProd : Quantity of forest products

     Use the keyword Qty-ForestProd to enter the quantity of forest products obtained at the location.

   • QtyForestProd : Type and quantity of forest products

     Use the keyword QtyForestProd to enter the type and quantity of forest products obtained at the location.

   • Income.log : Income from logging operations

     Use the keyword Income.log to enter the amount of income from logging operations at the location.

   • Township : Township in which the logging operations are located

     Use the keyword Township to enter the township in which the logging operations are located.

   • County : County in which the logging operations are located

     Use the keyword County to enter the county in which the logging operations are located.

   • LoggingReturn : Logging operations information return

     Use the keyword LoggingReturn to generate an information return for the logging operations.

   • Amended-Return : Amended logging operations information return

     Use the keyword Amended-Return to indicate that the logging operations information return has been amended.

   • Ident-Number : Identification number for the logging operations

     Use the keyword Ident-Number to enter the identification number of logging operations information return.

   • StartDate-Op : Starting date for the logging operations

     Use the keyword StartDate-Op to enter the starting date for the logging operations.

   • Type-Operation : Type of logging operations carried on

     Use the keyword Type-Operation to enter the type of operations carried on.

   • Log-Information : Information about the logging operations

     Use the keyword Log-Information to enter information about the logging operations.

   • Log-Income : Logging income

     Use the keyword Log-Income to enter the type of logging income.

   • Capital-Gains : Capital gains derived from forest products

     Use the keyword Capital-Gains to enter the amount of capital gains derived from forest products.

   • Gross-Income : Logging income derived from forest products

     Use the keyword Gross-Income to enter the logging income derived from forest products.

   • Expenses.log : Expenses related to the forest products

     Use the keyword Expenses.log to enter the expenses related to the forest products.

   • NetIncome.log : Net income (net loss) from sources other than forest products or logging operations

     Use the keyword NetIncome.log to enter the net income or loss from sources other than forest products or logging operations.

   • Capital.log : Capital invested

     Use the keyword Capital.log to enter the amount of capital invested.

   • Cost-Prop.log : Cost of property for logging operations

     Use the keyword Cost-Prop.log to enter the cost of property used in the logging operations.

   • Unit-Measure : Unit of measure used for forest products

     Use the keyword Unit-Measure to enter the unit of measure used for forest products in the logging operations.

   • Quantity : Quantity of forest products

     Use the keyword Quantity to enter the quantity of forest products used in the logging operations.

   • Tax-Reduction : Reduction of the tax payable

     Use the keyword Tax-Reduction to enter the amount by which the tax payable is reduced in regards to the logging operations.

   • Instal-Paid : Instalments of logging tax paid

     Use the keyword Instal-Paid to enter the amount of logging tax paid by instalments by the corporation involved in the logging operations.

   • PaymentEnclosed : Payment made by cheque or money order

     Use the keyword PaymentEnclosed to enter the amount being paid to the Minister of Revenue of Quebec, by cheque or money order, in the case of a balance due by the corporation involved in the logging operations.

   • Subcontractor : Subcontracted logging operations

     Use the keyword Subcontractor to indicate whether or not the corporation has subcontracted out the logging operations to another company.

   • Name.su : Name of the subcontractor

     Use the keyword Name.su to enter the name of the subcontractor hired by the corporation.

   • Street.sub : Street

     Use the keyword Street.sub to enter the street address of the subcontractor hired by the corporation.

   • Suite.sub : Suite number of subcontractor

     Use the keyword Suite.sub to enter the suite number of the subcontractor hired by the corporation.

   • POBox.sub : Post office box number of subcontractor

     Use the keyword POBox.sub to enter the post office box number of the subcontractor hired by the corporation.

   • City.sub : City of subcontractor

     Use the keyword City.sub to enter the city of the subcontractor hired by the corporation.

   • Province.sub : Province of subcontractor

     Use the keyword Province.sub to enter the province of the subcontractor hired by the corporation.

   • PostCode.sub : Postal code of subcontractor

     Use the keyword PostCode.sub to enter the postal code of the subcontractor hired by the corporation.

   • AmountPaid-Sub : Amount paid to subcontractor

     Use the keyword AmountPaid-Sub to enter the amount paid to the subcontractor by the corporation for subcontracted logging operations.

   • Partnership : Whether corporation is a member of a partnership

     If the corporation is a member of a partnership, use the keyword Partnership to indicate whether the corporation is filing solely as a member of a partnership or filing for corporation and as a member of a partnership.

7.   Deleted keywords

1. In the RelatedParty group:

   AMENDED-S36 : If a schedule 36 (T2150) agreement being filed is amended

2. In the Part-I3-Inst group, pertaining to schedule 35:

   Ins-Premiums : Value of Canadian and total insurance premiums

3. In the Part-I3-Inst group, pertaining to schedule 33:

   1. CAPITALDEDOV : Capital deduction claimed on taxable capital (Part I.3) / ov

   2. LCTCRLIM : Limit part I.3 tax credit carried forward claimed this year

4. PARTVICRLIM : Limit Part VI tax credit carried forward claimed this year

5. SURTAXCR-CB : Carry back current year surtax credit against Part I.3/PART VI tax

6. AMOUNT.SU : Tax yr surtax credit applied and desired amount

7. In the SR&EDProject group:

   SIN.S : Social insurance number of individual who performed SR&ED [F269]

8. In the Employment group:

   ED-PROGRAM : Qualifying education program

8.   New options

1. For keyword Field-Code , pertaining to federal schedule 60 (Scientific Research and Experimental Development (SR&ED) Expenditures Claim - Project Information):

   2.02.09   Software engineering and technology
   2.03.07   Reliability analysis
   2.03.08   Automotive & transportation
   2.03.09   Tooling, machinery and equipment
   2.03.10   Heating, ventilation & air conditioning
   2.05.06   Construction materials
   2.11.03   Other engineering and technologies
   3.02.14   Oncology
   

2. For keyword Letter-Data , pertaining to the Client letter:

   Sign location city
   Sign location province/state/country
   Sign-date
   CO-1000.TE - Transmission par Internet [0=No, 1=Yes]
   

3. For keyword Efile-Quebec , pertaining to Québec form CO-1000.TE :

   1. Yes - if refund/mandatory criteria is met (after May 31/10)

      The client's return is to be efiled if the client has met the mandatory criteria or if entitled to a tax refund receivable, whether or not the client meets your firm's default profile for efile clients.

      This option is applicable for tax years ending after May 31, 2010.

   2. Yes - if the mandatory criteria is met (after May 31/10)

      The client's return is to be efiled if the client has met the mandatory criteria whether or not the client meets your firm's default profile for efile clients.

      This option is applicable for tax years ending after May 31, 2010.

4. For keyword Assistance :

   Federal tax credits

5. For keyword Remuneration , pertaining to schedule 554 (Ontario Computer Animation and Special Effects Tax Credit) (see Version highlights section) :

   Remuneration paid to individuals (before March 27, 2009)
   Remuneration paid to individuals (after March 26, 2009)
   Remuneration paid to partnerships (before March 27, 2009)
   Remuneration paid to partnerships (after March 26, 2009)
   

6. For keyword Tech-Exp :

   Salaries, wages, fees or other for scanning, editing

7. For keyword CCA-Class :

   Class 53 - 40% DB

   Satellite and cable set-top boxes that are acquired after March 4, 2010 and that have neither been used nor acquired for use before March 5, 2010 are eligible for a declining-balance-CCA rate of 40 per cent.

9.   Deleted options

1. From keyword Field-Code :

   1.01.04 Actuarial science
   1.02.03 Software
   

2. From keyword Capital-Ded :

   Agreement among related corp. - part I.3 tax

3. From keyword Labour-Exp.f :

   Labour expenditures before February 19, 2003
   Qualified labour expenditures after Dec. 31, 2009
   Qual. labour expenditures after Dec. 31, 2009
   

4. From keyword LCTCRLIM :

   Client corporation
   Predecessor corporation

5. From keyword PartICrLim :

   Client corp. (period before July 1/06)
   Predecessor corp. (period before July 1/06)

6. From keyword ProvCr-Alloc :

   Partner prop. after 06/03/06 & before 01/01/08 - sch. 381
   Trust prop. after 06/03/06 & before 01/01/08 - sch. 381

7. From keyword ProvITCExp.r :

   SR&ED ITC - Manitoba (before Mar. 9/05)

8. From keyword WORK-CARRIEDOUT

   By analysis only [F222]