What's new for T2 Internet version 24.15? |
The latest DT Max program update is now available for downloading. It features the T2 program for fiscal periods ending from 2009 to 2021 and fully supports Corporation Internet Filing (T2, CO-17 and AT1). Installing this version will update your version of DT Max to 24.15.
Please note that all program versions are available on the Internet.
In this version...
DT Max T2
- Version highlights
- Known issues fixed in version 24.15
- CO-1029.8.33.TE and CO-1029.8.33.CS: Forms being generated multiple times
- Schedule 411 - Saskatchewan small business tax rate changes
- Message from Revenu Québec - Cryptocurrency
- New forms
- Revised forms
- Deleted forms
- New keywords
- Deleted keywords
- New options
- Deleted options
DT Max T2
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Version highlights
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Known issues fixed in version 24.15
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CO-1029.8.33.TE and CO-1029.8.33.CS: Forms being generated multiple times
There was an issue on line 6 when these forms were being generated multiple times, one where the corporation is a member of a partnership and another that is a corporation only.
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Schedule 411 - Saskatchewan small business tax rate changes
As announced on December 7, 2020, Saskatchewan's small business corporate income tax rate temporarily drops from 2% to zero effective October 1, 2020. Beginning July 1, 2022, the small business tax rate will move to 1%. And on July 1, 2023, the small business tax rate will return to 2%.
Changes to the rate are prorated for corporate taxation years that straddle effective dates.
All of the above changes have been implemented with this version of DT Max T2.
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Message from Revenu Québec - Cryptocurrency
Revenu Québec recently published information about the tax consequences of using cryptocurrency that can be accessed on their website by clicking on the following links:
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New forms
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Revised forms
Federal
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Schedule 89 - Request for Capital Dividend Account Balance Verification
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Schedule 411 - Saskatchewan Corporation Tax Calculation (2020 and later tax years)
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T2WS1 - Worksheet 1 - Calculating your estimated tax payable and tax credits for 2021
N.B.: No calculation support is available for this form.
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T2WS2 - Worksheet 2 - Calculating your monthly instalment payments for 2021
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T2WS3 - Worksheet 3 - Calculating your quarterly instalment payments for 2021
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AgriStability and AgriInvest - 2021 Statement A - Corporation/Co-operative and Special Individual
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AgriStability and AgriInvest Additional Information and Adjustment Request
N.B.: No calculation support is available for this form.
Quebec
N.B.: English versions are now available for the Quebec forms below.
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CO-771 - Calculation of the Income Tax of a Corporation
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CO-1029.8.33.13 - Tax Credit for the Reporting of Tips
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CO-1029.8.36.DA - Tax Credit for the Development of E-Business
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CO-1029.8.33.CS - Tax Credit for Small and Medium-Sized Businesses That Employ Persons With a Severely Limited Capacity for Employment
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CO-1029.8.36.PM - Tax Credit for Corporations Specialized in the Production of Multimedia Titles
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CO-1029.8.36.TM - Tax Credit for Multimedia Titles
Alberta
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AT1 Corporation Annual Return
This form has been updated by the Alberta government.
In Part 7 of the form, the email address of the corporation has been added. The new line is entered with the keyword Email .
A new Part 8 has been added, Attorney for Service (for extra-provincial corporations only). Use the keyword ATTORNEY-LASTNAME within the AnnualReturn group with the option "Alberta" to start the entries for these new lines.
In Part 11, lines have been added for the first and middle name of the authorized representative/authorized signing authority for the corporation.
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AT1 Notice of Directors or Notice of Change of Directors
This form has been updated by Alberta government.
In Part 7 of the form, the email address has been added pertaining to the authorized representative for the corporation. Use the keyword Email-Offr within the CorpOfficers group.
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AT97 - Notice of Objection
N.B.: No calculation support is available for this form.
In-house
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Deleted forms
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New keywords
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In the AnnualReturn group, pertaining to the Alberta AT1 Annual Return:
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ATTORNEY-LASTNAME : Last name of attorney for service (extra-provincial corporations only)
If the corporation is an extra-provincial corporation, use the keyword ATTORNEY-LASTNAME to enter the last name of the attorney for service.
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First-Name.att : First name of attorney for service
Use the keyword First-Name.att to enter the first name of the attorney for service.
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Firm-Name.att : Firm name of attorney for service
Use the keyword Firm-Name.att to enter the firm name of the attorney for service.
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In the PROVITC-ADD keyword subgroup within the CCA-Class group, pertaining to the new federal Schedule 570:
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Description.p : Description of qualified property
Use Description.p to enter the description of the qualified property.
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DateAcquired.p : Acquisition date of property
Use DateAcquired.p to enter the date the property became available for use.
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NUMBER-DAYS.P : Number of days from a short year
Use NUMBER-DAYS.P to enter the number of days in the period that starts on the first day of the short year and ends on the day before the start of the tax year.
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CREDIT-TRANSF : Credit transferred on an amalgamation or the wind-up of a subsidiary
Use CREDIT-TRANSF to enter the amount of the credit transferred on an amalgamation or the wind-up of a subsidiary.
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CREDITALLOC : Credit allocated from a partnership
Use CREDITALLOC to enter the amount of the credit allocated from a partnership.
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PROVITC-ADD : Addition eligible for provincial ITC and type
Use PROVITC-ADD to enter the amount for expenditures eligible for provincial investment tax credits.
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Deleted keywords
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From the MARKET-DIVERS group, pertaining to the deleted Quebec form CO-1029.8.36.MA:
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MARKET-DIVERS: Tax credit relating to the market diversification of a QC manufacturing company
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CERTEXP-ALLYRS: Certification expenses incurred in the year or a previous year
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ASSISTANCE.MA: Assistance, benefit or advantage attributable to certification expenses
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PREV-YR-INFO.MA: Information about previous years
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REPAYMENT.MA: Tax credit assistance repaid in the year
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CERTIFICATE#: Number of the certification issued
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ISSUEDATE: Date of issue of the certification
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CERTORG-NAME: Name of certification organization
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CERTORG-NUMBER: Number of certification organization
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MARKET: Market for commercialization
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ELIGIBLEPRODUCT: Description of eligible product
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New options
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For the keyword Program-Pymt , pertaining to the federal form AgriStability and AgriInvest - 2021 Statement A - Corporation/Co-operative and Special Individual:
COVID-19 - AgriRecovery Livestock set aside program
2020 PEI potato seed recovery program
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For the keyword DeferredIncome , also pertaining to the federal form AgriStability and AgriInvest - 2021 Statement A - Corporation/Co-operative and Special Individual:
COVID-19 - AgriRecovery Livestock set aside program
2020 PEI potato seed recovery program
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For the new keyword PROVITC-ADD , pertaining to the new federal Schedule 570:
Qual. property acquired in current year - sch. 570
Unclaimed exp. for qual. property in short year - sch. 570
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Deleted options
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For the deleted keyword MARKET-DIVERS, pertaining to the deleted Quebec form CO-1029.8.36.MA:
Tax credit for diversification of QC manufacturing markets
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For the deleted keywords CERTEXP-ALLYRS and ASSISTANCE.MA, also pertaining to the deleted Quebec form CO-1029.8.36.MA:
Before June 4th, 2014
After June 3rd, 2014
March 24, 2021
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