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Print this pageForward this document  What's new for T2 Internet version 15.15?

The latest DT Max program update is now available for downloading. It features the fully functional T2 program for fiscal periods ending from 2001 to 2012 and fully supports Corporation Internet Filing (T2, CO-17 and AT1). Installing this version will update your version of DT Max to 15.15.

Please note that all program versions are always made available on the Internet.

In this version...

DT Max T2

1. Program certification

    Federal

    This new version of DT Max T2 has undergone an authorization process with the CRA for the paper version (including the bar code return) of Form T3010-1, Registered Charity Information Return, and has been approved under authorization number 12102.

    Manitoba

    Version 15.15 has received certification for the Manitoba corporation capital tax return, Form MCT 1 (for fiscal years beginning after January 1, 2010), as well as for the following 3 new MCT 1 returns:

    1. Banks, Trusts and Loan Corporations Return (for fiscal years ending after April 12, 2011)

    2. Banks, Trusts and Loan Corporations Return (for fiscal years beginning in 2010 or 2011 and ending prior to April 13, 2011)

    3. Crown Corporations Return (for fiscal years beginning after January 1, 2011)

2. Version highlights

  1. Registration fee for the enterprise register (Quebec line 441b)

    As announced in the News section on the Registraire des entreprises du Québec website on November 22nd, 2011, at http://www.registreentreprises.gouv.qc.ca/en/actualites/2011-11-22.aspx, the registration fee for the enterprise register (line 441b of the Quebec Corporation Income Tax Return) has been indexed on January 1st, 2012, as follows:

    • $81.00 for a corporation or a for-profit legal person, a mutual insurance company or other (formerly $79.00);

    • $39.00 for a cooperative (formerly $38.00);

    • $33.00 for a non-profit legal person (incorporated association), a condominium association or other (formerly $32.00).

  2. Changes to NAICS

    In regards to the North American Industry Classification System (NAICS), please note that changes were brought to the existing list of codes, as some codes were deleted. We therefore recommend that you review the codes for your clients, especially in the case of information carried forward from the previous tax year. If you see only a six-digit code in the field for keyword NAICS.act , this would be an invalid NAICS code. Double-click on that field to select the new appropriate code, as the former code no longer exists. However, if you see a six-digit code number followed by the description of the type of industry, then no action is required.

  3. Changes to keywords Ongoing-Prog and New-Prog

    Please note that in regards to the "Ongoing programs" and "New programs" panels under Section C in Form T3010-1, Registered Charity Information Return, the CRA will not allow entries longer than 1500 characters. In order to comply with this requirement, changes were brought in version 15.15 of DT Max to the keywords Ongoing-Prog and New-Prog to automatically limit the number of characters entered to 1500. We strongly recommend that you verify the entries that you have already made with these keywords prior to filing and, if needed, make the appropriate changes to keep the number of characters used within the accepted limit.

3. New forms

    Quebec:

    • CO-1029.8.36.SD – Tax Credit for Wages Paid by a Corporation Carrying Out a Specified Activity in a Designated Site

    Manitoba:

    • MCT 1 – Banks, Trusts and Loan Corporations Return (for fiscal years ending after April 12, 2011)

    • MCT 1 – Banks, Trusts and Loan Corporations Return (for fiscal years beginning in 2010 or 2011 and ending prior to April 13, 2011)

    • MCT 1 – Supplement to Banks, Trusts and Loan Corporations Return – Taxable Capital

    • MCT 1 – Crown Corporations Return (for fiscal years beginning after January 1, 2011)

    • MCT 1 – Supplement to Crown Corporation Return

4. Modified forms

    Federal:

    • Schedule 200 – T2 Corporation Income Tax Return

    • Schedule 4 – Corporation Loss Continuity and Application (2011 and later tax years)

    • Schedule 91 – Information Concerning Claims for Treaty-Based Exemptions

    • Schedule 346 – Nova Scotia Corporation Tax Calculation (2011 and later tax years)

    • Schedule 360 – New Brunswick Research and Development Tax Credit (2011 and later tax years)

    • Schedule 384 – Manitoba Co-op Education and Apprenticeship Tax Credit

    • Schedule 427 – British Columbia Corporation Tax Calculation (2011 and later tax years)

    • T1275 – AgriStability and AgriInvest Programs Additional Information and Adjustment Request (N.B.: No calculation support is provided for this form)

    • T3010-1 – Registered Charity Information Return

    • AgriStability/Agri Investment – 2011 Statement A, Corporation/Co-operatives

    • AgriStability/Agri Investment – Harmonized 2011 Statement A, Corporation/Co-operatives and Special Individuals

    Quebec:

    • CO-1027.VE – Instalments Made and Balance Paid by a Corporation

    • CO-1029.8.36.EL – Crédit d'impôt pour l'édition de livres (Tax Credit for Book Publishing) (N.B.: This form is available in French only.)

    • CO-1029.8.36.ES – Tax Credit for the Production of Sound Recordings

    • CO-1029.8.36.SP – Tax Credit for Film Production Services (N.B.: An English version of this form is now available)

    • RD-1029.7.8 – Agreement Between Associated Corporations Regarding the Expenditure Limit

    • TP-1029.8.36.EC – Tax Credit for the Acquisition or Lease of a New Energy-Efficient Vehicle

    • TP-1086.R.23.12 – Costs Incurred for Work on an Immovable

5. New keywords

  1. In the INNOVATION keyword group, pertaining to the new Quebec form CO-1029.8.36.SD (Tax Credit for Wages Paid by a Corporation Carrying Out a Specified Activity in a Designated Site):

    1. SPEC-ACT-% : Percentage of time spent on a specified activity

      Use the keyword SPEC-ACT-% to enter the percentage of time spent on a specified activity.

    2. NAMEEMPLOYEE.IN : Name of the employee

      Use the keyword NAMEEMPLOYEE.IN to enter the name of the employee with respect to whom the corporation is claiming a credit.

  2. In the Book-Publish keyword group, pertaining to the Quebec form CO-1029.8.36.EL (Crédit d'impôt pour l'édition de livres (Tax Credit for Book Publishing)):

      Cert-Number.b : Number of the advanced ruling or number of the certificate

      Use the keyword Cert-Number.b to enter the number of the advanced ruling or the number of the certificate.

6. Deleted keyword

    In the ProvITC-CF keyword group, pertaining to federal Schedule 360 (New Brunswick Research and Development Tax Credit (2011 and later tax years)):

      NBITC-CF : Opening ITC carry forward available and year earned

7. New options

  1. For the keyword INNOVATION , pertaining to the new Quebec form CO-1029.8.36.SD (Tax Credit for Wages Paid by a Corporation Carrying Out a Specified Activity in a Designated Site):

      Wages for specif. act. in designated site (CO-1029.8.36.SD)

  2. For the keyword CENTRE , pertaining to the new Quebec form CO-1029.8.36.SD (Tax Credit for Wages Paid by a Corporation Carrying Out a Specified Activity in a Designated Site):

      Cité du multimédia
      Centre national des nouvelles technologies de QC (CNNTQ)

  3. For the keyword Book-Expenses , pertaining to the Quebec form CO-1029.8.36.EL (Crédit d'impôt pour l'édition de livres (Tax Credit for Book Publishing)):

      Digital version publishing costs
      Reprinting costs

  4. For the keyword TRADE-CODE , pertaining to the federal Schedule 552 (Ontario Apprenticeship Training Tax Credit (2009 and later tax years)):

      Refractory mason
      Ironworker generalist branch 1
      Concrete pump operator
      Process operator – wood products
      Pressure systems welder

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

      Manitoba return generated – banks [0=No, 1=Yes]
      Manitoba return generated – Crown corp. [0=No, 1=Yes]
      Manitoba balance owing – banks [$]
      Manitoba refund – banks [$]
      Manitoba balance owing – Crown corp. [$]
      Manitoba refund – Crown corp. [$]

  6. For the keyword ENERGY-SOURCE , pertaining to the Quebec form TP-1029.8.36.EC (Tax Credit for the Acquisition or Lease of a New Energy-Efficient Vehicle):

      Rechargeable hybrid vehicle (16kWh-capacity battery)
      Rechargeable hybrid vehicle (17kWh-capacity battery)

8. Deleted options

  1. For the keyword SR&EDInfo , pertaining to federal Schedule 360 (New Brunswick Research and Development Tax Credit (2011 and later tax years)):
      SR&ED tax credit – New Brunswick

  2. For the keywords ProvITC-CF , ProvITC-CB , ProvITCExp and ProvITC-OV.r , pertaining to federal Schedule 360 (New Brunswick Research and Development Tax Credit (2011 and later tax years)):
      SR&ED ITC – N.B. (before Jan. 1/03)

9. Known issues fixed in version 15.15


 

March 15, 2012