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Print this pageForward this document  What's new for T2/T3/T5013 Internet version 20.15?

The latest DT Max program update is now available for downloading. It features the T2 program for fiscal periods ending from 2001 to 2017 and fully supports Corporation Internet Filing (T2, CO-17 and AT1). This version also features the T3/TP-646 program for the tax years ending from 2005 to 2016 inclusively. It also features the fully functional T5013 program for paper and electronic filing of the Partnership Information Return (T5013 forms) for fiscal periods ending from 2013 to 2017. Installing this version will update your version of DT Max to 20.15.

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

In this version...

DT Max T2

  1. Program certification
  2. Version highlights
    1. New CCA Class 14.1 replacing ECP
    2. New SmartStart section
    3. Schedule 366: Decrease of the New Brunswick small business rate
    4. Schedule 427: Updates on the BC small-business corporate income tax rate and the phase-out of preferential tax rates for credit unions
    5. Two new keywords for all T2 consent forms (RC59, MR-69, AB consent, MB consent)
    6. Schedule 423: Rates changed for the production services tax credit and the digital animation, visual effects and post-production services tax credit
    7. Schedule 508: Revised calculation rate for the repayment of assistance
    8. Schedule 566: Revised calculation rate for the repayment of assistance and the Ontario innovation tax credit
  3. New forms
  4. Revised forms
  5. Deleted forms
  6. New keywords
  7. Deleted keywords
  8. New options
  9. Revised options
  10. Deleted options
  11. New diagnostics

DT Max T3

  1. Version highlights
    1. Known issue fixed in version 20.15: T3MB Manitoba Tax
    2. 2017 income tax brackets and rates
    3. 2017-2018 budget changes incorporated in this version
      1. British Columbia
      2. New Brunswick
    4. 2016 budget changes
    5. CCA Class 41.2: Phase-out of the accelerated capital cost allowance (ACCA) for mining
  2. New forms
  3. Revised forms
  4. New keywords
  5. Deleted keywords
  6. New options

DT Max T5013

  1. Version highlights: New CCA Class 14.1 replacing ECP
  2. New forms and related keywords
  3. Revised forms
  4. New keywords
  5. New options

 

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, Registered Charity Information Return, and has been approved under authorization number 13103.

  2. Version highlights

    1. New CCA Class 14.1 replacing ECP

      As of January 1, 2017, the eligible capital property regime (ECP) has been replaced with a new capital cost allowance (CCA) class 14.1. For tax years ending after 2016, data on Schedule 10 will be automatically transferred to Schedule 8.

      Assets added after December 31, 2016, should be entered in the option "Class 14.1 - 5% DB (after December 31, 2016)" in the CCA-Class group.

      • The assets will be included at 100% with an annual CCA rate of 5%. The standard CCA rules will apply, with the exception of the terminal loss which can only be applied when the business ceases operations.

      ECP currently in the "Cumulative eligible capital" option in the CCA-Class group will be transferred to the "CEC (before 2017)/Class 14.1 - 7% (after 2016)" option in the CCA-Class group. Assets acquired before January 1, 2017, in a tax year that straddles January 1, 2017, should be entered in this option.

      • For tax years ending before 2017, Schedule 10 will be generated.

      • For tax years ending after 2016, Schedule 8 will be generated. There will be a transitional CCA rate of the greater of 7% and $500 for tax years ending before 2027.

      Similar rules will apply for the Quebec and Alberta jurisdictions.

      For additional information regarding the new CCA class 14.1, please refer to the CRA's explanatory notes:

      http://www.budget.gc.ca/2016/docs/tm-mf/notes-en.html

    2. New SmartStart section

      A new SmartStart section, "Primary Sector", has been added in the DT Max Data entry section.

    3. Schedule 366: Decrease of the New Brunswick small business rate

      Schedule 366 (New Brunswick Corporation Tax Calculation) has been updated to reflect the fact that effective April 1, 2017, the small business rate for New Brunswick will decrease to 3% from 3.5%.

    4. Schedule 427: Updates on the BC small-business corporate income tax rate and the phase-out of preferential tax rates for credit unions

      A change is made to the corporate income tax rate applicable to small businesses. The British Columbia small-business corporate income tax rate is reduced to 2% from 2.5%, effective April 1, 2017. Furthermore, the phase-out of preferential tax rates for credit unions has been paused.

      Prior to 2013, credit unions benefited from preferential federal and British Columbia provincial corporate income tax rates on a portion of their income. In 2013, the federal government began a five-year phase-out of its preferential tax treatment. In 2014, British Columbia announced that the provincial preferential tax treatment for credit unions would be extended three years, after which it would be phased out over five years beginning in 2016. This budget pauses the phase-out of the provincial preferential income tax treatment for credit unions pending the completion of the Financial Institutions Act and Credit Union Incorporation Act review. Accordingly, for the 2017 tax year, a credit union will continue to receive 80% of the full preferential tax treatment instead of having its value reduced to 60%, as was previously planned.

      This version of DT Max reflects the above-described changes.

    5. Two new keywords for all T2 consent forms (RC59, MR-69, AB consent, MB consent)

      The former keyword REP-NAME, used to enter the representative's name in the business consent forms for the federal, Quebec, Manitoba and Alberta jurisdictions, has now been revised and divided into two new keywords, Rep-FirstName and Rep-LastName . Please verify the data entry for both of these two new keywords and adjust accordingly. Also, note that Rep-FirstName and Rep-LastName now have 30-character limits.

    6. Schedule 423: Rates changed for the production services tax credit and the digital animation, visual effects and post-production services tax credit

      Changes with respect to the rate were made in Part 6 of Schedule 423 (British Columbia Production Services Tax Credit):

      • For productions that started principal photography prior to October 1, 2016, the rate is 33%.

      • For productions that started principal photography after September 30, 2016, the rate is 28%.

      Changes were also brought to the rate in Part 9 for the digital animation, visual effects and post-production services tax credit:

      • For productions that started principal photography prior to October 1, 2016, the rate is 17.5%.

      • For productions that started principal photography after September 30, 2016, the rate is 16%.

    7. Schedule 508: Revised calculation rate for the repayment of assistance

      Please note that the calculation rate for the repayment of assistance on line 215 of Schedule 508 (Ontario Research and Development Tax Credit) has been revised, decreasing from 4.5% to 3.5%. Also, be advised that the keyword Assistance.si has changed. It is now a subgroup in the SR&EDInfo group and has new options. Please verify the data entry and adjust accordingly.

    8. Schedule 566: Revised calculation rate for the repayment of assistance and the Ontario innovation tax credit

      Please note that calculation rate for the repayment of assistance on line BB and for the Ontario innovation tax credit on line 710 has been revised. The rate for the Ontario innovation tax credit went from 10% to 8%. Also, be advised that the keyword Assistance.si has changed. It is now a subgroup in the SR&EDInfo group and has new options. Please verify the data entry and adjust accordingly.

  3. New forms

    Federal

    • Schedule 8 Supplement - CCA Class 14.1 (7%) Worksheet

      This new worksheet is used to calculate the deemed total capital cost of eligible capital property acquired before January 1, 2017.

    Quebec

    • CO-130.A Supplement - CCA Class 14.1 (7%) Worksheet

      This new worksheet is used to calculate the deemed total capital cost of eligible capital property acquired before January 1, 2017.

    • CO-771.14 - Temporary Income Tax Exemption for the Commercialization of Intellectual Property

      This version of DT Max supports this new form regarding a temporary income tax exemption for the commercialization of intellectual property.

      The corporation must be incorporated in Canada after March 19, 2009, and before April 1, 2014, and tax-free period begins on the date of its incorporation and ends on either the last day of the 10-year period following the incorporation of the corporation or the last day of the taxation year that precedes the taxation year in which the corporation ceases to meet the eligibility requirements, whichever is earlier.

      Use the keyword ProvTaxReduc with the option "Quebec" in order to enter information relating to this form.

    • CO-1029.8.36.PT - Crédit d'impôt relatif aux grands projets de transformation numérique (Tax Credit Relating to Major Digital Transformation Projects) (N.B. This form is currently available in French only.)

      A temporary refundable tax credit has been established to support the implementation and maintenance of major digital transformation projects in Quebec.

      The tax credit applies to eligible digitalization contracts entered into after March 17, 2016, and before January 1, 2019, and is intended to encourage the implementation of projects that create in Quebec at least 500 jobs that must be maintained for a period of seven years.

      The tax credit is equal to 24% of the qualified wages paid by a corporation to an eligible employee under an eligible digitalization contract over a two-year period, up to a maximum of $20,000 per employee each year.

      The keyword Job-Creation with the option "Major digital transformation projects (CO-1029.836.PT)" opens up the group to allow you to enter the information relating to this tax credit.

    Alberta

    • AT1 Schedule 13 Supplement - CCA Class 14.1 (7%) Worksheet

      This new worksheet is used to calculate the deemed total capital cost of eligible capital property acquired before January 1, 2017.

  4. Revised forms

    Federal

    • Schedule 10 - Cumulative Eligible Capital Deduction

      Due to the elimination of the eligible capital property regime, Schedule 10 is no longer applicable to tax years ending after 2016.

    • Schedule 366 - New Brunswick Corporation Tax Calculation (2016 and later tax years)

    • Schedule 421 - British Columbia Mining Exploration Tax Credit (2016 and later taxation years)

      This form has been updated in order to delete the Certification section of the form.

    • Schedule 443 - Yukon Corporation Tax Calculation (2016 and later tax years)

      This form has been updated in order to delete the lines that make reference to days in the tax year before July 1, 2014, for the Yukon tax at the lower rate.

    • T106 - Information Return of Non-Arm's Length Transactions with Non-Residents

      A new box has been added for amended returns. Use the keyword Amended.t106 to indicate whether the T106 is an amended return.

    • T183 - Information Return for Electronic Filing of an Individual's Income Tax and Benefit Return

      A new line has been added in Part 3 (Certification and authorization) of the form in order to indicate the email address for online mail.

    • T1275 - AgriStability and AgriInvest Programs Additional Information and Adjustment Request (N.B. This form offers no calculation support)

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

    • T3010 - Registered Charity Information Return

      A new privacy statement section has been added on page 4 of the T3010. Use the keyword PrivacyStatement in the CharityReturn group in order to tick the box in this section only once the privacy statement has been read.

      The checklist section on page 4 of the T3010 has been deleted. As a result, the keyword CHECKLIST.C in the CharityReturn group has been deleted.

    • Calculating your monthly instalment payments for 2017 - Worksheet 2

      Cosmetic changes were made to the form. Also, a new summary section has been added and will be filled according to the option 1, 2 or 3 that is chosen to calculate the monthly instalment payments.

    • Calculating your quarterly instalment payments for 2017 - Worksheet 3

      Cosmetic changes were made to the form. Also, a new summary section has been added and will be filled according to the option 1, 2 or 3 that is chosen in order to calculate the quarterly instalment payments.

    • T2WS1 - Calculating your estimated tax payable and tax credits for 2017 (N.B. This form offers no calculation support)

    Quebec

    • CO-130.A - Capital Cost Allowance

    • CO-130.B - Deduction Respecting Incorporeal Capital Property

      Due to the elimination of the eligible capital property regime, the CO-130.B is no longer applicable to tax years ending after 2016.

    • CO-771 - Calculation of the Income Tax of a Corporation

      New keywords PrimarySector and Cost-Labour have been added for the purposes of the CO-771 Part 11.2 (Proportion of primary sector or manufacturing sector activities (taxation year beginning after December 31, 2016)).

      Starting with this version of DT Max T2, if an entry is made for the keyword Hours-Employees and the tax year of the corporation is shorter than a full taxation year, DT Max will automatically increase proportionally the number of hours entered and base it on a full taxation year.

      Also, because new form CO-771.14 is now available with this version of DT Max T2, lines 96, 99 and 210 now pick up the information from form CO-771.14 accordingly.

    • CO-1029.8.36.PM - Crédit d'impôt pour une société spécialisée dans la production de titres multimédias (Tax Credit for Corporations Specialized in the Production of Multimedia Titles) (N.B. This form is currently available in French only.)

      Part 2 has been added to indicate the employees to whom the annual limit relating to the eligible salary does not apply.

      You must use the keywords Election.m or Election.con in the MultiMedia group to indicate which employees the corporation has elected not to have the $100,000 limit apply to.

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

    • CO-502 - Election in Respect of a Dividend Paid Out of a Capital Dividend Account

    • CO-771.1.3 - Associated Corporations' Agreement Respecting the Allocation of the Business Limit and Calculation of the Business Limit

    • CO-786 - Patronage Dividend Deduction

    • CO-1029.8.35 - Tax Credit for Quebec Film Productions

    • CO-1029.8.36.EL - Tax Credit for Book Publishing

    • CO-1029.8.36.EM - Tax Credit Relating to Resources

    • CO-1029.8.36.ID - Cumulative Limit Allocation Agreement for the Tax Credit for Investment

    • CO-1029.8.36.IN - Tax Credit for Investment

    • CO-1029.8.36.SM - Tax Credit for the Production of Performances

    Alberta

    • AT1 Schedule 14 - Cumulative Eligible Capital Deduction

      Due to the elimination of the eligible capital property regime, the AT1 Schedule 14 is no longer applicable to tax years ending after 2016.

  5. Deleted forms

    Quebec

    • CO-1029.8.36.AL - Tax Credit for the Acquisition or Rental of Property, or the Short-Term Rental of Specialized Facilities

  6. New keywords

    1. In the keyword group CharityReturn , with respect to the federal T3010 (Registered Charity Information Return):

      PrivacyStatement : Whether the Privacy statement has been read (page 4 of the T3010)

      Use the keyword PrivacyStatement to indicate whether or not the Privacy statement found on page 4 of the T3010 has been read by the person who has authority on behalf of the charity.

    2. In the new keyword group PrimarySector , with respect to Quebec form CO-771 (Calculation of the Income Tax of a Corporation):

      1. PrimarySector : Activity sector of the corporation

        Use the keyword PrimarySector to indicate that the corporation is involved in the primary sector in order for the corporation to be able to benefit from an additional reduction in its tax rate for a taxation year beginning after December 31, 2016.

        Its primary sector activities must account for more than 25% of its overall activities.

      2. Cost-Labour : Cost of labour

        Use the keyword Cost-Labour to enter the cost of primary sector labour and the cost of labour.

    3. In the Job-Creation group, relating to Quebec form CO-1029.8.36.PT (Tax Credit Relating to Major Digital Transformation Projects):

      1. ContractStart : Start of the eligibility period regarding the eligible digitalization contract

        Use the keyword ContractStart to enter the start of the eligibility period regarding the eligible digitalization contract.

      2. ContractEnd : End of the eligibility period regarding the eligible digitalization contract

        Use the keyword ContractEnd to enter the end of the eligibility period regarding the eligible digitalization contract.

    4. In the ProvTaxReduc group, relating to Quebec form CO-771.14 (Temporary Income Tax Exemption for the Commercialization of Intellectual Property):

      1. EligBusiness : Eligible commercialization business income

        Use the keyword EligBusiness to indicate the eligible commercialization business income. If the keyword is not entered, we will assume all the eligible business income is related to eligible commercialization business.

      2. Exempt-StartOV : Beginning of exemption period

        Use the keyword Exempt-StartOV to indicate the beginning of the exemption period for the corporation. The corporation's exemption period begins on the date of its incorporation.

      3. Exempt-EndOV : End of exemption period

        Use the keyword Exempt-EndOV to indicate the end of the exemption period for the corporation. The corporation's exemption period ends on the earlier of the last day of the 10-year period following its incorporation, or on the last day of the taxation year that precedes the taxation year in which the corporation ceased to meet the eligibility requirements.

      4. Ceased-Exempt : Whether corporation ceased to meet eligibility requirements

        Use the keyword Ceased-Exempt to indicate if the corporation ceased to meet the eligibility requirements for purposes of temporary income tax exemption for the commercialization of intellectual property.

      5. DateCeased.e : Date corporation ceased to meet exemption eligibility requirements

        Use the keyword DateCeased.e to indicate the date that the corporation ceased to meet the eligibility requirements for purposes of temporary income tax exemption for the commercialization of intellectual property.

    5. In the Consent group, relating to Quebec form MR-69 (Power of Attorney, Authorization to Communicate Information, or Revocation):

      1. Rep-FirstName : First name of individual representative

        Use the keyword Rep-FirstName to enter the first name of the individual who is or was a representative of the corporation.

      2. Rep-LastName : Last name of individual representative

        Use the keyword Rep-LastName to enter the last name of the individual who is or was a representative of the corporation.

    6. In the subgroup Assistance.si of the group SR&EDInfo , relating to federal Schedules 566 (Ontario Innovation Tax Credit) and 508 (Ontario Research and Development Tax Credit):

      1. Year-Begin.si : Beginning of the year during which assistance was received

        Use Year-Begin.si to enter the tax year start used to determine the tax credit at the time the qualified expenditures were reduced because of the government or non-government assistance, or contract payments.

      2. Year-End.si : End of the year during which assistance was received

        Use Year-End.si to enter the tax year-end used to determine the tax credit at the time the qualified expenditures were reduced because of the government or non-government assistance, or contract payments.

    7. In the NonRes-Trans group, relating to federal form T106 (Information Return of Non-Arm's Length Transactions with Non-Residents):

      Amended.t106 : Whether this is an amended T106 return

      Use the keyword Amended.t106 to indicate if this is an amended T106 return.

    8. In the CCA-Class group, with regards to federal Schedule 8 (Capital Cost Allowance (CCA)):

      Business-Ceased : Business for this CCA Class 14.1 has ceased operations

      If this is the corporation's final return up to dissolution, DT Max will calculate a terminal loss, if appropriate, on line 215 of federal Schedule 8.

      Otherwise, use the keyword Business-Ceased to indicate the business, associated with this CCA Class 14.1, has ceased operations.

      A terminal loss can only be claimed if the business has ceased operations.

    9. In the Disposal subgroup of the CCA-Class group, pertaining to the federal Schedule 8 Supplement - CCA Class 14.1 (7%) Worksheet

      DEEMCAPCOST-OV : Deemed total capital cost - override

      Use the keyword DEEMCAPCOST-OV if you wish to override the amount DT Max has calculated for the deemed total capital cost. Please refer to the "CCA Class 14.1 (7%) Worksheet" for more information.

    10. In the Disposal subgroup of the CCA-Class group, pertaining to federal Schedule 8:

      UCC-ADJUST-OV : UCC adjustment - override

      Use the keyword UCC-ADJUST-OV if you wish to override the UCC adjustment DT Max has calculated on Schedule 8 line 205.

      DT Max will automatically use 25% of the lesser of proceeds and capital cost of the asset being disposed of.

    11. In the Disposal subgroup of the CCA-Class group, pertaining to federal Schedule 1 (Net Income (Loss) for Income Tax Purposes):

      1. INCOMEOV : Business income from disposal of eligible capital property

        Use the keyword INCOMEOV to enter the amount of business income from the disposition of eligible capital property.

      2. BUSINCOME-OPTION : Elected to treat gain from disposition of ECP as business income

        Use the keyword BUSINCOME-OPTION to indicate the corporation has elected under subparagraph 13(38) to treat the gain from the disposal of eligible capital property as business income.

        This option is only available if the tax year straddles January 1, 2017, and the disposition is before January 1, 2017.

        The election must be made in writing to the Minister before the filing due date.

  7. Deleted keywords

    1. In the keyword group CharityReturn , with respect to the federal T3010 (Registered Charity Information Return):

      CHECKLIST.C : T3010 checklist items applicable to charity

    2. With respect to the deleted Quebec form CO-1029.8.36.AL (Tax Credit for the Acquisition or Rental of Property, or the Short-Term Rental of Specialized Facilities):

      1. INNOVATION : Tax credit for acquisition of property, or short-term rental of specialized facilities

      2. DESCRIPTION.I : Description of the property

      3. TYPE-CORP : Type of corporation for which you are claiming a credit

      4. STARTDATE-EXP : Start-date for expenses

      5. ENDDATE-EXP : End-date for expenses

      6. PROJ-CONTINUED : Whether property was acquired from a person and used to continue carrying out a project started by this person

      7. DATE-ACQUISITION : Date the person acquired the property

      8. EXPENSES.I : Acquisition costs or rental expenses

      9. ASSISTANCE.I : Amount of assistance received (positive) or repaid (negative)

      10. CONTRACT-PYMT : Contract payment related to the expenses

      11. CONSIDERATION : Amount of the consideration

      12. PREV-YR-INFO.I : Information about previous years

      13. CREDITRATE-OV : Override - rate of the tax credit that applies to the corporation

    3. In the Agri-Program group, with respect to federal form T1275 (AgriStability and AgriInvest Programs Additional Information and Adjustment Request):

      1. LAND-QUARTER : Quarter number - legal land description

      2. LAND-SECTION : Section number - legal land description

      3. LAND-TOWNSHIP : Township number - legal land description

      4. LAND-RANGE : Range number - legal land description

      5. LAND-MERIDIAN : Meridian number - legal land description

      6. SUBMITTING : Documents submitted along with this application

  8. New options

    1. For the keyword Cost-Labour , with respect to Quebec form CO-771 (Calculation of the Income Tax of a Corporation):

      Cost of manufacturing & processing labour
      Cost of labour

    2. For the keyword Job-Creation , with respect to Quebec form CO-1029.8.36.PT (Tax Credit Relating to Major Digital Transformation Projects):

      Major digital transformation projects (CO-1029.8.36.PT)

    3. For the keyword Assistance.si , with respect to federal Schedules 566 (Ontario Innovation Tax Credit) and 508 (Ontario Research and Development Tax Credit):

      Repayment y/e aft. 31/05/2016 & incl. 31/05/2016 (line 210)
      Repayment for year start after May 31, 2016 (line 210)
      Repayment y/e aft. 31/05/2016 & incl. 31/05/2016 - current
      Repayment for year start after May 31, 2016 - current exp.

    4. For the keyword Letter-Data , with respect to Quebec form CO-1029.8.36.PM (Tax Credit for Corporations Specialized in the Production of Multimedia Titles):

      CO-1029.8.36.PM - Production of multimedia titles [0=No, 1=Yes]

    5. For the keyword CECA-Hist , relating to the federal Schedule 8 Supplement - CCA Class 14.1 (7%) Worksheet:

      CEC balance on January 1, 2017
      Negative CEC balance on Jan. 1, 2017 - override

    6. For the keyword CCA-Class , relating to federal Schedule 8 (Capital Cost Allowance (CCA)):

      Class 14.1 - 5% DB (after December 31, 2016)

  9. Revised options

    1. For the keyword Assistance.si , with respect to federal Schedules 566 (Ontario Innovation Tax Credit) and 508 (Ontario Research and Development Tax Credit):

      Repayment for year end before June 1, 2016 - current exp.

      Repayment for year end before June 1, 2016 (line 210)

    2. For the keyword CCA-Class , relating to federal Schedule 8 (Capital Cost Allowance (CCA)):

      CEC (before 2017)/Class 14.1 - 7% (after 2016)

  10. Deleted options

    1. For the deleted keyword CHECKLIST.C, pertaining to federal form T3010 (Registered Charity Information Return):

      Form TF725 attached with return
      Financial statements attached with return
      Form RC232-WS or RC232 attached with return
      Form T2081 attached with return

    2. For the deleted keyword INNOVATION, pertaining to the deleted Quebec form CO-1029.8.36.AL (Tax Credit for the Acquisition or Rental of Property, or the Short-Term Rental of Specialized Facilities):

      Acquisition of property (CO-1029.8.36.AL)
      Short-term rental specialized facilities (CO-1029.8.36.AL)
      Wages for an innovation project (CO-1029.8.36.PN)
      Wages for specif. act. in designated site (CO-1029.8.36.SD)

    3. For the deleted keyword TYPE-CORP, also pertaining to the deleted Quebec form CO-1029.8.36.AL:

      Carries out an innovation project
      Carries out a specified activity in a BDC

    4. For the keyword Tax-Inc-Ded , relating to the Quebec CO-17 Corporation Income Tax Return:

      Income from a foreign trade zone at Mirabel
      Income for forest producers (CO-726.30)

    5. For the deleted keyword SUBMITTING, relating to federal form T1275 (AgriStability and AgriInvest Programs Additional Information and Adjustment Request):

      Accrual adjusted reference margin worksheet
      Accrual to cash - cash to accrual conversions
      Receipts
      CWB receivables adjustment worksheet
      Perishable commodities worksheet
      Other (please specify)

  11. New diagnostics

    Notes and diagnostics

    Quebec

    A new diagnostic was added for MR-69, when MR-69 is generated but lines 10, 10a and 10b are all blank:

    MR-69: An entry in one of these fields is mandatory: NEQ, the identification number, or SIN. Enter missing information via Preferences menu > Identification > Identification numbers or by using the keyword Consent option Authorize Representative or Grant power of attorney - QC.

 

DT Max T3

  1. Version highlights

    1. Known issue fixed in version 20.15: T3MB Manitoba Tax

      The Manitoba tax payable for trusts with a net income of less than $22,945 who were entitled to the Family tax benefit was incorrectly calculated in version 20.05. The total provincial tax payable was not reduced by the eligible family tax benefit. This issue has been fixed in version 20.15.

    2. 2017 income tax brackets and rates

      All federal and provincial tax brackets have been updated in DT Max T3 for 2017. The rates are based on information available as of March 1, 2017. Please refer to the DT Max Knowledge Base link below for additional details on the new federal and provincial tax brackets.

    3. 2017-2018 budget changes incorporated in this version

      1. British Columbia

        British Columbia is reducing the small business corporate income tax rate from 2.5% to 2% and as a result the dividend tax credit rate on ineligible dividends is also decreasing from 17% to 15% effective for the 2017 and subsequent tax years.

      2. New Brunswick

        New Brunswick is reducing the small business corporate income tax rate from 3.5% to 3% as of April 1, 2017, and as a result the dividend tax credit rate on ineligible dividends is also decreasing from 24.95% to 21.49%.

    4. 2016 budget changes

      As announced in the 2016 Alberta budget, the small business corporate income tax rate is reduced from 3% to 2%. This results in a decrease from 21.22% to 15.35% for the dividend tax credit rate on ineligible dividends for 2017.

    5. CCA Class 41.2: Phase-out of the accelerated capital cost allowance (ACCA) for mining

      As of 2017, the accelerated capital cost allowance (ACCA) for mining will begin to phase out. An accelerated CCA was provided for certain assets acquired for use in new mines or eligible mine expansions in addition to the regular 25% CCA deduction. The additional allowance allowed a deduction of up to 100% of the cost of eligible assets without exceeding the current year mining income.

      The transition schedule of ACCA for mining will be as follows:

      • For 2017: 90%

      • For 2018: 80%

      • For 2019: 60%

      • For 2020: 30%

      • After 2020 : 0%

  2. New forms

    Quebec

    • TP-726.30 - Income Averaging for Forest Producers

  3. Revised forms

    Federal

    • T3 APP - Application for Trust Account Number

    • T3 QDT - Joint Election for a Trust to be a Qualified Disability Trust

    • T3QDT-WS - Recovery Tax Worksheet

    Quebec

    • TP-671.9 - Information Return of the Beneficiary of a Designated Trust

    In-house schedules

    • Assembly instructions

      The mailing address was added for form T1135 (Foreign Income Verification Statement).

    • Client letter

      The mailing addresses have been modified for the T3 Trust Income Tax and Information Return, and the mailing address was added for form T1135.

  4. New keywords

    1. In the new subgroup Forest-Average of the Business group, with respect to Quebec form TP-726.30 (Income Averaging for Forest Producers):

      1. Forest-Average : Deduction for income-averaging for forest producers [Que. TP-726.30]

      2. Hist-ForestAver : Year and amount deducted for income-averaging for forest producers

      3. Woodlot-Location : Woodlot location if different than city included in your business identification

      4. PriorYrInclusion : Portion of prior year deduction included this year (TP-726.30, L.16)

      5. Forest-Aver-Inc : Net income(loss) earned from the operation of a private woodlot [Que. TP-726.30]

    2. In the keyword group Apply-TrustAcct# , with respect to the T3 APP (Application for Trust Account Number):

      TRUSTEE-ADDRESS : Whether trustee's mailing address should be used for the trust

      Use the keyword TRUSTEE-ADDRESS to indicate whether the Trustee's mailing address should be used for the trust on Form T3-APP, Application for Trust Account Number.

  5. Deleted keywords

    1. In the Business group, pertaining to federal form T1273 (Statement A - Harmonized AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals):

      1. PHONE-EVENINGS : Phone number (evening)

      2. LAND-QUARTER : Quarter number - legal land description (T1273 p. 1)

      3. LAND-SECTION : Section number - legal land description (T1273 p. 1)

      4. LAND-TOWNSHIP : Township number - legal land description (T1273 p. 1)

      5. LAND-RANGE : Range number - legal land description (T1273 p. 1)

      6. LAND-MERIDIAN : Meridian number - legal land description (T1273 p. 1)

      7. SUBMITTING : Documents submitted along with this application (T1273 p. 1)

  6. New options

    1. For the keyword Forest-Average , with respect to Quebec form TP-726.30 (Income Averaging for Forest Producers):

      Income-averaging for forest producers

    2. For the keyword Hist-ForestAver , with respect to Quebec form TP-726.30 (Income Averaging for Forest Producers):

      1st prior year
      2nd prior year
      3rd prior year
      4th prior year
      5th prior year
      6th prior year
      7th prior year

    3. For the keyword Forest-Aver-Inc , with respect to Quebec form TP-726.30 (Income Averaging for Forest Producers):

      From certified commercial activities
      Share from the partnership (certified commercial activities)

 

DT Max T5013

  1. Version highlights: New CCA Class 14.1 replacing ECP

    As of January 1, 2017, the eligible capital property regime (ECP) has been replaced with a new capital cost allowance (CCA) class 14.1. For tax years ending after 2016, data on Schedule 10 will be automatically transferred to Schedule 8.

    Assets added after December 31, 2016, should be entered in the option “Class 14.1 - 5% DB (after December 31, 2016)” in the CCA-Class group.

    • The assets will be included at 100% with an annual CCA rate of 5%. The standard CCA rules will apply, with the exception of the terminal loss which can only be applied when the business ceases operations.

    ECP currently in the "Cumulative eligible capital" option in the CCA-Class group will be transferred to the "CEC (before 2017)/Class 14.1 - 7% (after 2016)" option in the CCA-Class group. Assets acquired before January 1, 2017, in a tax year that straddles January 1, 2017, should be entered in this option.

    • For tax years ending before 2017, Schedule 10 will be generated.

    • For tax years ending after 2016, Schedule 8 will be generated. There will be a transitional CCA rate of the greater of 7% and $500 for tax years ending before 2027.

    Similar rules will apply for Quebec.

    For additional information regarding the new CCA class 14.1, please refer to the CRA's explanatory notes:

    http://www.budget.gc.ca/2016/docs/tm-mf/notes-en.html

  2. New forms and related keywords

    In-house forms

    • CCA Class 14.1 (7%) Worksheet (related keyword: CECA-Hist )

      This new worksheet is used to calculate the deemed total capital cost of eligible capital property acquired before January 1, 2017.

  3. Revised forms

    Federal

    • Schedule 10 - Calculations Relating to Cumulative Eligible Capital

      Due to the elimination of eligible capital property regime, Schedule 10 is no longer applicable to tax years ending after 2016.

    • T106 - Information Return of Non-Arm's Length Transactions with Non-Residents

      A line was added to indicate if the T106 return was amended.

    Quebec

    • TP-600.C - Incorporeal Capital Property

      Due to the elimination of eligible capital property regime, the TP-600.C is no longer applicable to tax years ending after 2016.

  4. New keywords

    1. In the NonRes-Trans group, pertaining to form T106:

      1. Amended.t106 : Is this an amended T106 return?

        Use the keyword Amended.t106 to indicate if this is an amended T106 return.

    2. In the CCA-Class group, pertaining to Schedule 8:

      1. UCC-ADJUST-OV : UCC adjustment - override

        Use the keyword UCC-ADJUST-OV if you wish to override the UCC adjustment DT Max has calculated on Schedule 8 line 205.

        DT Max will automatically use 25% of the lesser of proceeds and capital cost of the asset being disposed of.

      2. INCOMEOV : Business income from disposal of eligible capital property

        Use the keyword INCOMEOV to enter the amount of business income from the disposition of eligible capital property.

      3. Business-Ceased : Business for this CCA Class 14.1 has ceased operations

        If this is the partnership's final return up to dissolution, DT Max will calculate a terminal loss, if appropriate on line 215 of federal Schedule 8.

        Otherwise, use the keyword Business-Ceased to indicate the business, associated with this CCA Class 14.1, has ceased operations.

        A terminal loss can only be claimed if the business has ceased operations.

      4. DeemCapCost-OV : Deemed total capital cost - override

        Use the keyword DeemCapCost-OV if you wish to override the amount DT Max has calculated for the deemed total capital cost. Please refer to the "CCA Class 14.1 (7%) Worksheet" for more information.

  5. New options

    1. For the keyword CECA-Hist , pertaining to the CCA Class 14.1 (7%) Worksheet:

      CEC balance on January 1, 2017
      Negative CEC balance on Jan. 1, 2017 - override

    2. For the keyword Disposal.cec , pertaining to Schedule 6 and Schedule 8:

      Capital gain
      Business income option (Disposition before Jan. 1, 2017)

    3. For the keyword CCA-Class pertaining to Schedule 8:

      CEC (before 2017)/Class 14.1 - 7% (after 2016)
      CEC farm/fish (before 2017)/Class 14.1 - 7% (after 2016)
      Class 14.1 - 5% DB (After December 31, 2016)

 

 

March 23, 2017