What's new for T2 Internet version 23.15?

The latest DT Max program update is now available for downloading. It features the T2 program for fiscal periods ending from 2008 to 2020 and fully supports Corporation Internet Filing (T2, CO-17 and AT1). Installing this version will update your version of DT Max to 23.15.

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

In this version...

DT Max T2

1. Version highlights
   1. Known issues fixed in version 23.15
      1. Part 2 of Schedule 500 not being completed
      2. Quebec form CO-1029.8.33.TE not being generated
   2. CRA RC59/RC59X (Federal Authorize a representative or Cancel a representative forms)
   3. CRA Business Consent or Cancelling Business Consent
   4. Schedule 12, AT1 Schedule 15 and CO-400: Accelerated Canadian development expenses and accelerated Canadian oil and gas property expenses
   5. CRA's T2 Auto-fill service: New T2 capital loss balance amount available in May 2020
   6. Schedule 346: Decrease of the small business rate and the general corporate rate
   7. Alberta return: Amount enclosed (line 91) with AT1 when Internet filing
2. New forms
3. Revised forms
4. Deleted forms
5. New keywords
6. Revised keywords
7. Deleted keywords
8. New options
9. Revised options
10. Deleted options

DT Max T2

1. Version highlights

   1. Known issues fixed in version 23.15

      1. Part 2 of Schedule 500 not being completed

         Part 2 - Ontario small business deduction of Schedule 500 was not being completed in a situation where line 430 of Schedule 200 was nil and the corporation had adjusted aggregate investment income (AAII) from Schedule 7. This issue has been fixed with this version of DT Max T2 so that Part 2 of Schedule 500 will be completed.

      2. Quebec form CO-1029.8.33.TE not being generated

         The issue where Quebec form CO-1029.8.33.TE was not being produced in certain scenarios with version 23.01 of DT Max has been corrected in this version. This was a problem with the participation of the form.

   2. CRA RC59/RC59X (Federal Authorize a representative or Cancel a representative forms)

      The existing RC59 and RC59X forms have been discontinued. The T1013, RC59, and NR95 have been combined into the new form AUT-01, Authorize a Representative for Access by Phone and Mail. The RC59X has been replaced by the new form AUT-01X, Cancel authorization for a representative. These two new forms can only be used to request offline access and, if mailed to CRA, will replace and cancel any existing authorization, including any online authorization.

      According to CRA requirements, the new AUT-01 and AUT-01X forms that provide for offline access only should not be included in the software. Therefore, as of version 23.15 of DT Max T2, RC59 and RC59X forms for offline access have been deleted.

   3. CRA Business Consent or Cancelling Business Consent

      Following CRA's removal of the RC59/RC59X forms, any reference to the electronic transmission of the RC59/RC59X has been rephrased as CRA Business Consent or Cancelling Business Consent.

   4. Schedule 12, AT1 Schedule 15 and CO-400: Accelerated Canadian development expenses and accelerated Canadian oil and gas property expenses

      Federal Schedule 12 has been updated in order to include new lines associated with the accelerated Canadian development expenses incurred during the year in Part 5 (Cumulative Canadian development expenses) of the form. In addition, new lines associated with the accelerated Canadian oil and gas property expenses incurred during the year have been added in Part 6 (Cumulative Canadian oil and gas property expenses) of the form.

      At this time, a revised version of Alberta Schedule 15 has not been released by the Alberta government. However, in order to harmonize with the federal government changes noted above, calculation changes have been made on the Alberta Schedule 15 with this version of DT Max T2.

      Multiple keyword revisions have been made in order to properly implement the changes mentioned above. Please review the keyword ResourceAdd with the applicable Resource group in order to ensure that the correct option or options have been chosen and adjust accordingly.

      These changes may affect federal Schedule 12, Alberta Schedule 15 and Quebec CO-400.

   5. CRA's T2 Auto-fill service: New T2 capital loss balance amount available in May 2020

      In this version of DT Max T2, the T2 capital loss balance amount will be available in the T2 Returns Balance data in May 2020.

      For more information on this exciting feature, please consult the CRA T2 Auto-fill Service and the Procedure to download T2 tax data from the CRA documents, available in our knowledge base.

   6. Schedule 346: Decrease of the small business rate and the general corporate rate

      As announced in the Nova Scotia budget, effective April 1, 2020, the general corporate tax rate will decrease to 14.00% from 16.00%. The small business rate will be reduced from 3.00% to 2.50%, also effective April 1, 2020. No changes are proposed to the $500,000 small-business limit. This form has been updated to reflect the above changes.

   7. Alberta return: Amount enclosed (line 91) with AT1 when Internet filing

      Due to a request from the Alberta government, a change has been made to line 91 of the AT1 return should the corporation have a balance due. If the tax return is being Internet-filed, line 91 will be zero since an enclosed payment cannot accompany a Net filed tax return. Therefore, even though an entry for enclosed payment has been made either through the data entry (via the PaymentCode keyword group) or through the Preferences menu >User's defaults >Tax return tab, line 91 will show 0. No change has been made if the AT1 return is being paper filed.

2. New forms

   Federal

   • Schedule 58 - Canadian Journalism Labour Tax Credit

     This new form allows a corporation which is designated as a qualified Canadian journalism organization to claim a refundable tax credit. The tax credit is a 25% refundable tax credit on the total qualifying labour expenditure incurred in respect of each eligible newsroom employee of a qualifying journalism organization. Qualifying labour expenditures are subject to an annual cap of $55,000 (prorated by the number of days in the organization's taxation year), per eligible newsroom employee. Thus, the maximum credit available is $13,750 per eligible newsroom employee per year, for qualifying labour expenditure incurred for a period beginning on or after January 1, 2019.

     Use the keyword Journalism-TaxCr with the option "Canadian journalism labour tax credit" to enter information pertaining to this new schedule.

   Quebec

   • CO-1029.8.36.PS - Tax Credit to Support Print Media Companies

     In response to the important challenges faced by several Quebec print media, the Quebec government released, on October 2, 2019, a support plan aimed at Quebec print media companies.

     This new form allows eligible corporations to claim a refundable tax credit at a rate of 35%.

     A corporation other than an excluded corporation, that, in a taxation year, carries on a business in Quebec and has an establishment there and that, for the taxation year, holds a qualification certificate issued by Investissement Québec certifying that, in that year, it has produced and disseminated a print media that is recognized as an eligible media, may claim this refundable tax credit to support print media companies.

     The corporation must have incurred qualified salary or wages after December 31, 2018, for eligible employees or it owns a qualified subsidiary that incurred such salary or wages for work done in the period, included in the corporation's taxation year, which began after December 31, 2018, and ended before January 1, 2020. The tax credit may reach $26,250 annually per employee.

     A corporation that is a member of an eligible partnership will also be able to claim this refundable tax credit for its share of qualified wages incurred by the eligible partnership.

     The keyword Print-Media opens up the group to enter information with respect to this Quebec form.

3. Revised forms

   Federal

   • T2 Corporation Income Tax Return (2019 and later tax years)

     Line 798, Canadian journalism labour tax credit, has been added on page 9.

     Please note line 798 will not be included for purposes of the bar code return or corporate Internet filing at this time.

   • Schedule 12 - Resource-Related Deductions (2018 and later tax years)

   • Schedule 17 - Credit Union Deductions (2019 and later tax years)

     This form has been revised. The amount from line 1F of Schedule 383 will now be entered on line 4D, and the amount on line 1L of Schedule 383 will be entered on line 4H.

   • Schedule 18 - Federal and Provincial or Territorial Capital Gains Refund (2019 and later tax years)

   • Schedule 21 - Federal and Provincial or Territorial Foreign Income Tax Credits and Federal Logging Tax Credit (2019 and later tax years)

     This form has been revised to remove lines regarding the additional deduction for credit unions in Part 7 - Part I tax otherwise payable (foreign non-business income tax credits) and Part 8 - Part I tax otherwise payable (foreign business income tax credits) of the form.

   • Schedule 72 - Income Inclusion for Corporations that Are Members of Multi-Tier Partnerships (2019 and later tax years)

     Part 2 - Adjusted stub period accrual (ASPA) of the form has been revised. The section pertaining to the fiscal period of the partnership that ends in the corporation's tax year and before the eligible fiscal period ends as well as the section pertaining to the eligible fiscal period that is the first fiscal period of the partnership that ends in the corporation's tax year are eliminated.

   • Schedule 73 - Income Inclusion Summary for Corporations that are Members of Partnerships (2019 and later tax years)

     In Part 2 - Income inclusion, the notes for columns 1, 2 and 3 have been updated to reflect the changes made to Schedule 72.

   • Schedule 304 - Newfoundland and Labrador Resort Property Investment Tax Credit (2019 and later tax years)

   • Schedule 307 - Newfoundland and Labrador Corporation Tax Calculation (2019 and later tax years)

     The calculation of Part 2 - Newfoundland and Labrador tax before credits and of Newfoundland and Labrador offshore tax has been updated to remove references to days in the tax year before January 1, 2016.

   • Schedule 346 - Nova Scotia Corporation Tax Calculation (2019 and later tax years)

   • Schedule 387 - Manitoba Small Business Venture Capital Tax Credit (2019 and later tax years)

   • Schedule 411 - Saskatchewan Corporation Tax Calculation (2019 and later tax years)

     This form has been updated so that for days in the tax year after December 31, 2019, the credit unions' tax rate is eliminated.

   • Schedule 502 - Ontario Tax Credit for Manufacturing and Processing (2019 and later tax years)

     This form has been updated to add new Part 5 - Adjusted Crown royalties for the tax year. Use the keyword Crown-Info with the Royalty option "Ontario" to enter information here.

   • Business Consent Confirmation Page

   • Cancel Business Consent Confirmation Page

   • T1240 - Registered Charity Adjustment Request (N.B.: Please note that no calculation support is available for this form.)

   Quebec

   N.B.: English version is now available for these Quebec forms

   • CO-1029.8.33.TE - Tax Credit for Small and Medium-sized Businesses to Foster the Retention of Experienced Workers

   • CO-1029.8.33.TF - Agreement Regarding the Tax Credit for Small and Medium-sized Businesses to Foster the Retention of Experienced Workers

   • CO-1029.8.36.PR - Tax Credit for the Digital Transformation of Print Media Companies

   Alberta

   • AT1 Annual Return

     Check boxes have been added to indicate if it is an amended annual return or if the corporation changed its address. Also, check boxes have been added to indicate if there is a change in shareholders or if any shareholders have changed their name or address.

   In-house forms

   • Schedule 200 5-year Summary

     Line 798, Canadian journalism labour tax credit, has been added to this in-house Schedule 200 5-year Summary due to the addition of line 798, Canadian journalism labour tax credit, on federal Schedule 200.

   • Schedule 200 Planning Summary

     Line 798, Canadian journalism labour tax credit, has been added to this in-house schedule 200 planning summary due to the addition of line 798, Canadian journalism labour tax credit, on federal Schedule 200.

   • Client letter

4. Deleted forms

   Federal

   • RC59 - Business Consent for Offline Access

   • RC59X - Cancel Business Consent or Delegated Authority

5. New keywords

   1. In the new Print-Media keyword group, pertaining to Quebec form CO-1029.8.36.PS, Tax Credit to Support Print Media Companies:

      1. Print-Media : Support for print media companies tax credit

         Use the keyword Print-Media if you wish to claim a refundable tax credit to support print media companies.

      2. Employee-Days : Number of days during which the employee is a qualifying employee

         Use the keyword Employee-Days to enter the number of days in the taxation year of the eligible corporation or in the fiscal year of the eligible partnership during which the employee is considered to be a qualifying employee of that corporation or partnership and which follow December 31, 2018. Or, enter the number of days in the eligible corporation's taxation year or the eligible partnership's fiscal year during which the employee is considered to be a qualifying employee of the eligible subsidiary and which follow on December 31, 2018, but precede January 1, 2020.

      3. Job-WagesCr.m : Employee's wages - other tax credit

         Use the keyword Job-WagesCr.m if a portion of the wages incurred during the period covered and paid to the eligible employee entitled the company to another tax credit, or if a portion or the whole of these wages may give entitlement to a tax credit to a person or a member of a partnership other than the eligible corporation.

      4. Partner-Info.m : Type of relationship partnership is involved in

         Use the keyword Partner-Info.m 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.

      5. Partner-Name.m : Partnership's name

         Enter the name of the partnership using the keyword Partner-Name.m , for purposes of the Quebec form CO-1029.8.36.PS. 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.

      6. EmployeeName.m : Name of eligible employee

         Enter the name of the eligible employee for whom the corporation is claiming the tax credit.

         To be considered an eligible employee, the latter must be an employee of the eligible corporation, of the eligible partnership or of an eligible subsidiary, he must report for work at an establishment of the corporation, of this partnership or of this subsidiary situated in Quebec and is not an excluded employee.

      7. CrAssistRepaid.m : Tax credit pertaining to assistance, benefit or advantage repaid in the year

         Use the keyword CrAssistRepaid.m to enter the tax credit pertaining to an assistance, a benefit or an advantage that is related to qualifying expenses pertaining to a previous tax year and that has been repaid in the tax year.

      8. Credit-OV.m : Credit claimed in the current year - override

         Use the keyword Credit-OV.m to override the tax credit to support print media companies claimed in the current year as calculated by DT Max.

   2. In the Resource-Tax-Cr keyword group, pertaining to federal Schedule 502, Ontario Tax Credit for Manufacturing and Processing:

      1. Res-Allowance : Notional resource allowance

         Use the keyword Res-Allowance to enter the notional resource allowance for the year as determined in subsection 7(3) of Ontario Regulation 37/09 under the Taxation Act, 2007(Ontario).

   3. In the CorpOfficers keyword group, pertaining to the Alberta AT1 Annual Return:

      1. Change-Name : Whether the shareholder changed their name

         Use the keyword Change-Name to indicate if the shareholder changed their name. This is required for the Alberta Annual Return.

      2. Prev-Name.offr : Previous name of shareholder

         Use the keyword Prev-Name.offr to enter the previous name of the shareholder. This is required for the Alberta Annual Return.

      3. Prev-LastName : Previous last name of shareholder

         Use the keyword Prev-LastName to enter the previous last name of the shareholder. This is required for the Alberta Annual Return.

      4. Prev-FirstName : Previous first name of shareholder

         Use the keyword Prev-FirstName to enter the previous first name of the shareholder. This is required for the Alberta Annual Return.

      5. Prev-MiddleName : Previous middle name of shareholder

         Use the keyword Prev-MiddleName to enter the previous middle name of the shareholder. This is required for the Alberta Annual Return.

      6. Change-Address : Whether the shareholder changed their address

         Use the keyword Change-Address to indicate if the shareholder changed their address. This is required for the Alberta Annual Return.

   4. In the AnnualReturn keyword group, pertaining to the Alberta AT1 Annual Return:

      1. Amended.a : Whether the annual return filed is amended

         Use the keyword Amended.a to indicate if the annual return filed is amended.

      2. Year-End.a : Year-end of amended annual return

         Use the keyword Year-End.a to enter the year-end of the amended return.

      3. Change-Address.a : Whether the corporation's address or attorney information has changed

         Use the keyword Change-Address.a to indicate if the corporation's address or attorney information has changed. A notice of change of address or change of attorney must be attached to the annual return. The appropriate notices can be obtained at: alberta.ca/corporations-cooperatives-organizations-change-notices.aspx.

   5. In the T2-Autofill keyword group, pertaining to the CRA T2 Auto-fill service:

      1. CapLoss : Capital loss balance

         CRA T2 Auto-fill service

         This balance represents the closing balance from line 280 of the T2 Schedule 4 of the last return assessed/reassessed according to our records. It does not include outstanding assessment activity, if any.

   6. In the Journalism-TaxCr keyword group, pertaining to federal Schedule 58, Canadian Journalism Labour Tax Credit:

      1. Journalism-TaxCr : Journalism labour tax credit

         Use the keyword Journalism-TaxCr to claim a journalism labour tax credit.

      2. SIN.jr : SIN of the eligible newsroom employee

         Use the keyword SIN.jr to enter the SIN of the eligible newsroom employee.

      3. Salary.jr : Salary and wages payable of eligible newsroom employee

         Use the keyword Salary.jr to enter the salary and wages payable of the eligible newsroom employee.

      4. Assistance.jr : Assistance in respect of salary and wages of eligible employee

         Use the keyword Assistance.jr to enter the assistance the corporation received or is entitled to receive in respect of salary and wages of this eligible newsroom employee. Such assistance includes amounts received from a provincial or territorial government.

      5. QCJO-Number : QCJO designation number

         Use the keyword QCJO-Number to enter the QCJO (qualified Canadian journalism organization) designation number.

      6. ELIGIBLECORP : Whether the corp. is eligible to claim Canadian journalism labour tax credit

         For a corporation to be eligible to claim the Canadian journalism labour tax credit, it must be either a public corporation listed on a stock exchange and controlled by Canadian citizens or a private corporation at least 75% owned by Canadian citizens or by public corporations controlled by Canadian citizens.

      7. Employee-Name.jr : Name of eligible newsroom employee

         Use the keyword Employee-Name.jr to enter the name of the eligible newsroom employee.

6. Revised keywords

   1. In the AnnualReturn keyword group, pertaining to the Alberta AT1 Notice of change of directors:

      1. Change-Dir-Filed : Whether "Notice of change of directors" has previously been filed

         Use the keyword Change-Dir-Filed to indicate whether the form entitled "Notice of change of directors" has previously been filed. The filing of this form is required pursuant to the Canada Business Corporations Act.

   2. In the CorpOfficers keyword group:

      1. MiddleName : Middle name of director/officer/shareholder

         Use this keyword to enter the middle name of the director/officer/shareholder.

      2. Email-Offr : Officer's e-mail address

         This is the officer's e-mail address for purposes of the Manitoba consent form and the Alberta Annual Return.

   3. Standalone keywords pertaining to the Business Consent Confirmation Page and the Cancel Business Consent Confirmation Page:

      1. EfileRepError : CRA Business consent efile error code

         The keyword EfileRepError lists the business consent e-submission error message(s) received. Please refer to our knowledge base for a listing of all the business consent error messages.

      2. EfileRepXError : CRA Cancelling business consent efile error code

         The keyword EfileRepXError lists the cancel business consent e-submission error message(s) received. Please refer to our knowledge base for a listing of all the cancel business consent error messages.

7. Deleted keywords

   1. In the CorpOfficers keyword group, pertaining to the deleted federal forms RC59, Business Consent for Offline Access, and RC59X, Cancel Business Consent or Delegated Authority:

      1. TYPE-OFFICER : Type of individual with proper authority for the business (for RC59, if applicable)

   2. In the Consent keyword group, pertaining to the deleted federal form RC59X:

      1. GROUP-NAME.REP : Group name

8. New options

   1. For the keyword ResourceAdd , pertaining to the federal Schedule 12, the Alberta AT1 Schedule 15 and Quebec form CO-400 (Resource-Related Deductions):

      Curr. yr accel. res. exp. under look-back rule before 2024
      Curr. yr accel. res. exp. under look-back rule after 2023
      Current year accelerated resource expenses before 2024
      Current year accelerated resource expenses after 2023

   2. For the new keyword Print-Media , pertaining to Quebec form CO-1029.8.36.PS, Tax Credit to Support Print Media Companies:

      Quebec tax credit for print media company - CO-1029.8.36.PS

   3. For the keyword Crown-Info , pertaining to federal Schedule 502, Ontario Tax Credit for Manufacturing and Processing:

      Crown charge paid/payable to Crown
      Disposition of petroleum
      Payments made to reimburse Crown charges
      Corp. share of partnership mining tax
      Corp. share of partnership crown charge

   4. For the new keyword CapLoss , pertaining to the CRA T2 Auto-fill service:

      Capital loss balance as of current date

   5. For the keyword Journalism-TaxCr , pertaining to the new federal Schedule 58, Canadian Journalism Labour Tax Credit:

      Canadian journalism labour tax credit

9. Revised options

   1. For the keyword ResourceAdd , pertaining to the federal Schedule 12, the Alberta AT1 Schedule 15 and Quebec form CO-400 (Resource-Related Deductions):

      Curr. yr accel. res. exp. excl. look-back rule before 2024
      Curr. yr accel. res. exp. excl. look-back rule after 2023

   2. For the keyword Progress , pertaining to the Business Consent Confirmation Page and the Cancel Business Consent Confirmation Page:

      Business consent - submitted
      Cancel business consent - submitted

10. Deleted options

    1. From the keyword Letter-Data , following the removal of federal forms RC59, Business Consent for Offline Access, and RC59X, Cancel Business Consent or Delegated Authority:

       RC59 - Business consent [0=No, 1=Yes]
       RC59X - Cancel Business Consent or Delegated Authority [0=No, 1=Yes]

    2. From the deleted keyword TYPE-OFFICER, also pertaining to the deleted federal forms RC59 and RC59X:

       Corporate director
       Corporate officer
       Individual with delegated authority
       Owner
       Officer of a non-profit organization