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Print this pageForward this document  What's new for T2 Internet version 18.25?

The latest DT Max program update is now available for downloading. It features the fully functional T2 program for fiscal periods ending from 2003 to 2015 and fully supports Corporation Internet Filing (T2, CO-17 and AT1). Installing this version will update your version of DT Max to 18.25.

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

In this version...

DT Max T2

  1. Program certification
  2. Version highlights
    1. Quebec form COR-17.U now generated for amended returns
    2. Tax rate increase for the Newfoundland and Labrador capital tax on financial institutions
    3. Quebec form RD-1029.7
    4. Keyword Help (Ctrl+F8)
      1. Government guides
      2. Taxnet Pro (subscription required) Line-by-Line Guide
  3. Revised forms
  4. Deleted forms
  5. New keywords
  6. Deleted keywords
  7. New options
  8. Revised options
  9. Deleted options
  10. Message from the CRA: NAICS codes (IMPORTANT reminder)
  11. XP and Vista reminder

 

DT Max T2

1. Program certification

Federal:

For DT Max T2 version 18.25, the federal barcodes and the Corporation Internet Filing module have received full CRA certification valid for taxation years ending up to and including October 31, 2015 under the DT31 stamp.

Alberta:

Likewise, this version has received full certification for the RSI (Return and Schedule Information), as well as for the Net File module that allows the electronic filing of Alberta corporate tax returns, from Alberta's Tax and Revenue Administration (TRA) under the DT31 stamp.

Manitoba:

Version 18.25 has received certification for the following two revised MCT 1 returns:

  1. Banks, Trusts and Loan Corporations Return (for fiscal years beginning in 2014 or 2015 and ending prior to May 1, 2015)

  2. Banks, Trusts and Loan Corporations Return (for fiscal years ending after April 30, 2015)

2. Version highlights

  1. Quebec form COR-17.U now generated for amended returns

    Starting with this version of DT Max, the Quebec form COR-17.U (Quebec Bar Codes) will be generated for amended returns.

  2. Tax rate increase for the Newfoundland and Labrador capital tax on financial institutions

    The Newfoundland and Labrador 2015 budget has announced an increase of the capital tax rate on financial institutions from 4% to 5%, effective April 1st, 2015. This increase has been integrated in this version of DT Max.

  3. Quebec form RD-1029.7

    On December 2, 2014, the Minister of Finance presented an update on Quebec's economic and financial situation. Changes to the refundable R&D tax credits, more specifically the introduction of an excluded expenditure amount for purposes of the tax credit for salaries and wages (RD-1029.7) were announced.

    For more details, click here to access the Quebec Information Bulletin.

    At this time, Revenu Québec (RQ) has not released a final version of the RD-1029.7 form to reflect these changes. We were strongly advised by RQ to keep the current version of the form (RD-1029.7 (2014-09)) and not to incorporate any draft versions as there are still significant changes to be made.

    RQ informed us that incorporating a draft version of the form would result in processing delays.

  4. Keyword Help (Ctrl+F8)

    1. Government guides

      Please note that the T4012 T2 Corporation - Tax guide index by line numbers is now available by choosing Help for this keyword (Ctrl+F8) in the Data entry.

      You will also be able to access both the federal T4012 tax guide index by line numbers and the Quebec CO-17.G Tax guide index by line numbers from the Knowledge Base in the Tax documentation section.

    2. Taxnet Pro (subscription required) Line-by-line Guide

      You may now have access to the Taxnet Pro T2 Line-by-Line Guide by choosing Help for this keyword (Ctrl+F8) in the Data entry.

      Alternatively, you can choose T2 in the Keywords section in the Knowledge Base to access the Taxnet Pro T2 Line-by-Line Guide for a given keyword.

3. Revised forms

Federal:

  • Schedule 200 - T2 Corporation Income Tax Return (2014 and later tax years)

    Please note that the lines 765, "Provincial tax on large corporations (Nova Scotia Schedule 342)" and 898, "Enclosed payment", have been deleted. However, keep in mind that although line 898 has been deleted on Schedule 200, the keyword PaymentEncl in the PaymentCode group has not been deleted in order to keep track of the corporation's balance of tax owing.

  • T2 Barcode Return

  • Schedule 5 - Tax Calculation Supplementary - Corporations (2014 and later tax years)

  • Schedule 6 - Summary of Dispositions of Capital Property (2011 and later taxation years)

    Two new lines have been added to the above form: line 899, "Taxable capital gains under section 34.2 of the Act (line 275 of Schedule 73, Income Inclusion Summary for Corporations that are Members of Partnerships)" and line 901, "Allowable capital losses under section 34.2 of the Act (line 285 of Schedule 73, Income Inclusion Summary for Corporations that are Members of Partnerships)".

  • Schedule 7 - Aggregate Investment Income and Active Business Income (2011 and later tax years)

  • Schedule 73 - Income Inclusion Summary for Corporations that are Members of Partnerships (2011 and later tax years)

    Please note that two new line numbers, line 285 "Total allowable capital loss" and line 290 "Total other income", have been added to the above form. Use the keyword Section34-Income in the Partner-Inc-Inclus group to enter the appropriate amounts on these lines, if applicable. See our New options section for details.

  • Schedule 367 - New Brunswick Small Business Investor Tax Credit (2014 and later tax years)

    Please note that the information on Schedule 367 is now captured in the Barcode Return as well as for EFILE purposes. Also, note that the keyword CURRYR-CREDIT in the SBITC-TaxCr group has been modified so that the maximum amount that can be entered for this keyword is $75,000. If an amount greater than $75,000 had been entered with a previous version, DT Max will automatically limit the amount on line 100 of Schedule 367 to $75,000.

  • Schedule 394 - Manitoba Rental Housing Construction Tax Credit (2013 and later tax years)

    Pertaining to Schedule 394, please note that the keyword NumberUnits in the Construct-Cr group has been modified so that the number entered must be greater than 4. If a number less than 5 had been entered with a previous version, DT Max will generate a BCR (Barcode Return) failure. You should verify the data entry and adjust accordingly.

    Furthermore, a new line 225 has been added to reflect the number of months in the tax year that the project is an eligible rental housing project. To enter this information, use the keyword Eligible-Months in the Construct-Cr group (see our New keywords section for details).

  • Schedule 422 - British Columbia Film and Television Tax Credit (2014 and later tax years)

    The following new line number has been added to Schedule 422, with "Yes" or "No" as the possible answers:

    Line 255 : "In the case of a production that is an interprovincial co-production, is 50% or less of the copyright in the production owned by the corporation or owned by the corporation and one or both of an eligible production corporation related to the corporation, and the Film Development Society of British Columbia?"

  • AgriStability/AgriInvest - 2014 Statement A, Corporations/Co-operatives

  • AgriStability/AgriInvest - Harmonized 2014 Statement A, Corporations/Co-operatives and Special Individuals

Quebec:

  • CO-17S.232 - Summary of Dispositions of Capital Property (2011 and later tax years)

    Two new line numbers have been added to the above form: line 899, "Taxable capital gains under section 34.2 of the Act (line 275 of Schedule 73, Income Inclusion Summary for Corporations that are Members of Partnerships)" and line 901, "Allowable capital losses under section 34.2 of the Act (line 285 of Schedule 73, Income Inclusion Summary for Corporations that are Members of Partnerships)".

    In addition, please note that changes have been made to the calculation of line 54 on the CO-17.A.1 (Net Income for Income Tax Purposes). With the inclusion of the abovementioned two lines, and due to the fact that an updated government form CO-17.B has not been released, the calculation for line 54 of the CO-17.A.1 has therefore been revised. Line 54 will exclude the taxable capital gain portion when the CO-17.B is generated.

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

    New lines 12 and 12a have been added on the above Quebec form, regarding the application submitted to the SODEC for an advance ruling or a certificate. Use the new keyword Advance-Ruling.s in the Sound-Record group to enter the appropriate information for these lines. Lines 10, 11 and 80 to 87 were deleted.

  • CO-1029.8.36.FM - Tax Credit for Training in the Manufacturing, Forestry and Mining Sectors

    Boxes 6 and 7 of the above form now reflect both scenarios for qualified training expenditures incurred under a contract entered into either before June 4, 2014 or after June 3, 2014. Lines 17 to 25 as well as lines 45 to 50 have been deleted (see our New keywords, New options and Deleted options sections for more information).

  • CO-1029.8.36.XM - Tax Credit for the Production of Events or Multimedia Environments Staged Outside Québec

    N.B.: The above form is currently available in French only. An English translation will be available in the near future. Also, note that this form now provides calculation support (see our New keywords and New options sections for more information).

Please note that English versions of the Quebec forms below are now available:

  • CO-17.B - Adjustment of Income from One or More Partnerships

  • CO-17.B.1 - Amount to Be Included in the Income of a Corporation That Is a Member of a Single-Tier Partnership

  • CO-17.B.2 - Amount to Be Included in the Income of a Corporation That Is a Member of a Multi-Tier Partnership

  • CO-1029.8.36.AD - Tax Credit for Damage Insurance Firms

  • CO-1029.8.36.PM - Tax Credit for Corporations Specialized in the Production of Multimedia Titles

Manitoba:

  • Banks, Trusts and Loan Corporations Return (for fiscal years beginning in 2014 or 2015 and ending prior to May 1, 2015)

  • Banks, Trusts and Loan Corporations Return (for fiscal years ending after April 30, 2015)

4. Deleted forms

Federal:

  • Schedule 342 - Nova Scotia Tax on Large Corporations (2006 and later taxation years)

  • Schedule 343 - Nova Scotia Tax on Large Corporations - Agreement Among Related Corporations

5. New keywords

  1. In the Construct-Cr keyword group , pertaining to federal Schedule 394 (Manitoba Rental Housing Construction Tax Credit):

    Eligible-Months : Number of months in tax year that project is an eligible rental housing project

    Use the keyword Eligible-Months to enter the number of months that the project is an eligible rental housing project in the taxation year.

  2. In the Sound-Record keyword group, pertaining to Quebec form CO-1029.8.36.ES (Tax Credit for the Production of Sound Recordings):

    1. Advance-Ruling.s : When the application for an advanced ruling or a certificate has been submitted to the SODEC

      Use the keyword Advance-Ruling.s to indicate when the application for an advanced ruling or a certificate has been submitted to the SODEC.

    2. CreditOV.s : Credit claimed in the current year / ov

      Use the keyword CreditOV.s to override the Quebec sound recording tax credit claimed in the current year as calculated by DT Max.

  3. In the Cred-Film keyword group, pertaining to the Quebec form CO-1029.8.36.XM (Tax Credit for the Production of Events or Multimedia Environments Staged Outside Québec):

    1. Production.c : Type of production

      Use the keyword Production.c to specify the type of production. DT Max will tick the relevant boxes.

    2. CreditOV.c : Credit claimed in the current year / ov

      Use the keyword CreditOV.c to override the Quebec tax credit for the production of events or multimedia environments staged outside Quebec claimed in the current year as calculated by DT Max.

  4. In the TrainingCrQ keyword group, pertaining to Quebec form CO-1029.8.36.FM (Tax Credit for Training in the Manufacturing, Forestry and Mining Sectors):

    1. CrAssistRepaid : Tax credit pertaining to assistance repaid in the year

      Use the keyword CrAssistRepaid to enter the tax credit pertaining to assistance that is related to an expense made in a previous tax year and that has been repaid in the year.

    2. Credit-OV.tr : Override - tax credit that applies to the corporation

      Use the keyword Credit-OV.tr to override the tax credit that applies to the corporation.

6. Deleted keywords

  1. In the RelatedParty keyword group, pertaining to deleted federal Schedule 343 (Nova Scotia Tax on Large Corporations - Agreement Among Related Corporations):

    NETCAP-NS : Taxable capital of the related corp. - N.S.

  2. In the ProvITC-CF keyword group, pertaining to deleted federal Schedule 342 (Nova Scotia Tax on Large Corporations):

    NSITC-CF : Opening ITC carryforward available & year earned

  3. In the Sound-Record keyword group, pertaining to Quebec form CO-1029.8.36.ES (Tax Credit for the Production of Sound Recordings):

    COPROD-SHARE.S : Corporation's share (%) of production costs of the property

  4. In the TrainingCrQ keyword group, pertaining to Quebec form CO-1029.8.36.FM (Tax Credit for Training in the Manufacturing, Forestry and Mining Sectors):

    1. TRAININGCONTEXT: If training is given within the context of the PILI

    2. TRAININGHRS: Number of hours for the attended training

    3. SHARE-CAP: Share of $90 cap attributable to the eligible employer

    4. ASSISTREPAID.TC: Assistance, benefit or advantage repaid

7. New options

  1. For the keyword Section34-Income , in the Partner-Inc-Inclus keyword group, pertaining to federal Schedule 73 (Income Inclusion Summary for Corporations that are Members of Partnerships):

    Allowable capital loss
    Other income

  2. For the main keyword Cred-Film , pertaining to Quebec form CO-1029.8.36.XM (Tax Credit for the Production of Events or Multimedia Environments Staged Outside Québec):

    Prod. of events or multimedia environment staged outside QC

  3. For the keyword Production.c , in the Cred-Film group, pertaining to Quebec form CO-1029.8.36.XM:

    Multimedia event
    Multimedia environment

  4. For the keyword Labour-Exp.f , in the Cred-Film group, pertaining to Quebec form CO-1029.8.36.XM:

    Qualified labour expenditures - Quebec

  5. For the main keyword TrainingCrQ , pertaining to Quebec form CO-1029.8.36.FM (Tax Credit for Training in the Manufacturing, Forestry and Mining Sectors):

    Training mfg/mining/forestry - after 3/06/2014
    Train. mfg/mining/forestry partnership - after 3/06/2014

  6. For the keyword Program-Pymt , in the Agri-Program keyword group, pertaining to the federal Harmonized 2014 Statement A, Corporations/Co-operatives and Special Individuals for the AgriStability/AgriInvest programs:

    Western Livestock Price Insurance Program (WLPIP)
    Nova Scotia Strawberry Assistance Initiative

  7. For the keyword Crop-Inventory , in the Agri-Program keyword group, pertaining to the federal Harmonized 2014 Statement A, Corporations/Co-operatives and Special Individuals for the AgriStability/AgriInvest programs:

    Barley, CW Select Six-Row
    Barley, CW Select Two-Row
    Wheat, CPSR, No.1
    Wheat, CPSR, No.2
    Wheat, CWRW, No. 1
    Wheat, CWRW, No. 2
    Wheat, CWSWS

  8. For the keyword Crop-Inventory$ , in the Agri-Program keyword group, pertaining to the federal Harmonized 2014 Statement A, Corporations/Co-operatives and Special Individuals for the AgriStability/AgriInvest programs:

    Hops establishment (planting year 1)
    Hops, year 2
    Hops, year 3
    Hops, year 4+

8. Revised options

  1. For the main keyword TrainingCrQ , pertaining to Quebec form CO-1029.8.36.FM (Tax Credit for Training in the Manufacturing, Forestry and Mining Sectors):

    Training mfg/mining/forestry - before 4/06/2014
    Train. mfg/mining/forestry partnership - before 4/06/2014

9. Deleted options

  1. For the keywords SR&EDInfo , Renounce-All and RenounceCrOV , pertaining to the deleted federal Schedule 342 (Nova Scotia Tax on Large Corporations):

    Energy efficiency tax credit - N.S.

  2. For the keywords ProvITC-CF , CR-Trans , ProvITCExp and ProvITC-OV , pertaining to the deleted federal Schedule 342:

    Energy efficiency tax credit - N.S.

  3. For the keyword Sound-Record , pertaining to Quebec form CO-1029.8.36.ES (Tax Credit for the Production of Sound Recordings):

    Quebec sound recording (before March 20, 2009)

  4. For the keyword PrevYrInfo.s , pertaining to Quebec form CO-1029.8.36.ES:

    Tax credit from previous years

  5. For the keyword Crop-Inventory , in the Agri-Program keyword group, pertaining to the federal Harmonized 2014 Statement A, Corporations/Co-operatives and Special Individuals for the AgriStability/AgriInvest programs:

    Barley, CW No. 1
    Barley, CW No. 2
    Barley, CW Six-Row (incl Hulless)
    Barley, CW Six-Row Food
    Barley, CW Two-Row (incl Hulless)
    Barley, CW Two-Row Food
    Buckwheat, no. 1
    Buckwheat, no. 2
    Buckwheat, no. 3
    Safflower, no. 1
    Wheat, CWRS, No. 1 (<12.5)
    Wheat, CWRS, No. 1 (>14)
    Wheat, CWRS, No. 2 (<12.5)
    Wheat, CWRS, No. 2 (>14)

  6. For the keyword Crop-Inventory$ , in the Agri-Program keyword group, pertaining to the federal Harmonized 2014 Statement A, Corporations/Co-operatives and Special Individuals for the AgriStability/AgriInvest programs:

    Hops establishment (planting year 1)
    Hops, year 2
    Hops, year 3
    Hops, year 4+
    Eggplant, Greenhouse
    Walnuts
    Barley, CW Select Six-Row
    Barley, CW Select Two-Row

10. Message from the CRA: NAICS codes (IMPORTANT reminder)

We have been notified by the CRA that they have still been receiving numerous corporate returns with invalid NAICS codes.

We wish to remind you that the integration of NAICS codes requires corporations to pick their main revenue-generating business activity. Active corporations that file their T2 returns either by Internet or on paper using 2D bar codes must choose the most appropriate code to describe their main revenue-generating business activity.

It is crucial that the most accurate business activity is selected using the keyword NAICS-ACT in the Activity keyword group. The corporation should validate that the business description chosen for the last return filed is still accurate. Please check the entry for the NAICS code and make sure it is still a valid one. If your selection is part of the list, then the code is a valid one. If your option is no longer part of the list, please delete the invalid code and re-enter an existing one that best describes the main revenue-generating business activity.

11. XP and Vista reminder

Don't let your business rely on an operating system that is no longer supported by Microsoft. If you have not upgraded to Windows 7 or higher, the security of your valuable data is at risk. And remember, DT Max will not run on Windows XP or Vista with the 2015 Planner.

 

 

May 27, 2015