What's new for T1/T2/T3/T5013 Internet version 24.30?

The latest DT Max program update is now available for downloading. It features the T1/TP-1 program for the tax years 2009 to 2020 inclusively as well as the 2021 planner, in addition to fully supporting T1/TP1 EFILE.

Version 24.30 also features the T2 program for fiscal periods ending from 2009 to 2021 and fully supports Corporation Internet Filing (T2, CO-17 and AT1).

Also featured is the T3/TP-646 program for tax years ending from 2009 to 2021 inclusively (keeping in mind that the 2021 tax returns for trusts prepared with this version will be using the 2020 tax forms).

Finally, version 24.30 features the fully functional T5013 program for paper and electronic filing of the Partnership Information Return (T5013 forms) for fiscal periods ending in 2021.

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

In this version...

For all DT Max programs

1. Implementation of announced tax changes
2. 2021 Planner Standard Caveat

For DT Max T1 & T3

1. Inclusion of cents in the tax calculation on line 7 of the provincial forms

DT Max T1

1. Version highlights
   1. Onvio Firm Management: E-signatures
   2. Known issues fixed in version 24.30 for 2021
      1. Canadian income for newcomers to Canada incorrectly carried over to line 1 of Form BC479
   3. Client suggestions implemented in version 24.30
      1. Addition of line 31270 among the items to be billed in the automatic billing setup
   4. Enhancement of the Canada Workers Benefit (Schedule 6)
   5. Inclusion of postdoctoral fellowship income in calculating the earned income for RRSP purposes
   6. Quebec: Elimination of the tax credits for respite of caregivers and for volunteer respite services
   7. Ontario: Enhancement of the Childcare Access and Relief from Expenses (CARE) tax credit (ON479-A)
   8. Saskatchewan: Reinstatement of the Active Families Benefit (SK479)
   9. Medical expenses of a dependant that are considered expenses paid by that person
2. Notes
   1. Deceased or bankrupt taxpayers
   2. Printing prescribed forms for 2021 returns
      1. Quebec
      2. Federal
3. New forms
4. Revised forms
5. Deleted forms
6. New diagnostics
   1. Notes and diagnostics
7. New keywords
8. Deleted keywords and options

DT Max T2

1. Program certification
2. Version highlights
   1. Onvio: Signing officers
   2. Onvio Firm Management: E-signatures
   3. Known issues fixed in version 24.30
      1. Small business deduction rate increase from 7.5% to 8.3%
   4. Schedule 322 - Prince Edward Island small business tax rate change
   5. Important changes for corporations that file Ontario Annual Information Returns
   6. Schedule 570 - Form and keyword changes
   7. CO-771 - Option for number of remunerated hours
   8. AT1 Schedule 8
3. New forms
4. Revised forms
5. Deleted forms
6. New keywords
7. Revised keywords
8. Deleted keywords
9. New options
10. Revised options
11. Deleted options

DT Max T3

1. Version highlights
   1. Known issues fixed in version 24.30
      1. DT Max T3 is incorrectly calculating a capital gain on property designated as a principal residence
   2. New Planning Summary forms for federal and Quebec jurisdictions
   3. Client invoice
   4. Modifications to the dividend tax credit rate
2. New forms
3. Revised forms
4. New keywords

DT Max T5013

1. Version highlights
   1. Message from Revenu Québec - Cryptocurrency
   2. New in-house form ACB worksheet
2. New forms
3. Revised forms
4. New keywords
5. New options
6. Deleted options

For all DT Max programs

1. Implementation of announced tax changes

   Since our last release, the following budgets were announced:

   Federal - April 19, 2021
   Alberta - February 25, 2021
   British Columbia - April 20, 2021
   Manitoba - April 7, 2021
   New Brunswick - March 16, 2021
   Newfoundland & Labrador - May 31, 2021
   Northwest Territories - February 4, 2021
   Nova Scotia - February 25, 2021
   Nunavut - February 23, 2021
   Ontario - March 24, 2021
   Prince Edward Island - March 12, 2021
   Quebec - March 25, 2021
   Saskatchewan - April 6, 2021
   Yukon - May 13, 2021
   

   At the time of writing, the majority of the above-mentioned budget speeches were tabled in their respective legislatures.

   The 2021 DT Max tax planner takes into consideration the basic tax changes announced in each budget, allowing you for more effective planning opportunities, as well as the ability to perform cost projection calculations.

   Please refer to these topics from our knowledge base for a detailed review of the tax changes implemented:

   Non-refundable tax credits (2021)
   Tax brackets and rates (2021)
   Tax changes in DT Max (2021)
   

2. 2021 Planner Standard Caveat

   We would like to remind our users that the planner is equipped with the most recent information available at the time of our production process.

   This information includes the 2021 tax rates and the 2020 non-refundable tax credits and tax brackets indexed to reflect the 2021 amounts.

   In some cases, instead of an indexation factor, we have implemented the amounts prescribed by the taxing jurisdiction depending on the availability of the information.

   However, please note that due to various factors beyond our control, certain new tax measures are not included in our planner version. Should you require a precise projection (rather than an estimate) of your client's 2021 tax liability, we strongly suggest that you review our planner's results with care.

For DT Max T1 & T3

1. Inclusion of cents in the tax calculation on line 7 of the provincial forms

   As of the 2021 taxation year, the amount of taxes calculated on line 7 of the provincial forms (Forms 428 for T1) has been revised to include cents, instead of being rounded to the nearest dollar as per the previous years.

   Note that the federal income tax return has already been amended in 2020 to include the cents on line 69 for all provinces and territories (line 70 for Quebec) for T1 (for T3, on line 7 of Schedule 11), instead of being rounded to the nearest dollar as in the previous years. It is expected that the inclusion of the cents would apply to provincial forms as of the 2021 tax year.

DT Max T1

1. Version highlights

   1. Onvio Firm Management: E-signatures

      We support Onvio e-signatures on two additional forms:

      • CRA - authorize/cancel a representative

      • MR-69

      The Onvio client list window includes a new filter for the type of e-signature (EFILE / Authorization).

      You can easily view an e-signed form by clicking the associated PDF icon on the e-signature request window.

      You can choose to automatically save a local copy of all e-signed documents (or just the MR-69 form). For the MR-69 form, DT Max can be configured to automatically add a keyword which links to the local e-signed copy of the form. See the "E-signatures" section of the Preferences - Onvio page for more information.

   2. Known issues fixed in version 24.30 for 2021

      1. Canadian income for newcomers to Canada incorrectly carried over to line 1 of Form BC479

         When the taxpayer is a newcomer to Canada during the year, it is his world income and not his Canadian income that must be carried over to line 1 of Form BC479 for the purposes of calculating the British Columbia sales tax credit. This issue has been fixed in version 24.30 as of tax year 2021.

   3. Client suggestions implemented in version 24.30

      1. Addition of line 31270 among the items to be billed in the automatic billing setup

         As suggested by clients, as of 2021, it is now possible to separately include line 31270 relating to the home buyers' amount among the items to be billed to the client.

   4. Enhancement of the Canada Workers Benefit (Schedule 6)

      Enhancement of the basic CWB

      Budget 2021 proposes to enhance the CWB starting in 2021. This enhancement would increase:

      • the phase-in rate from 26% to 27% for single individuals without dependants as well as families;

      • the phase-out thresholds from $13,194 to $22,944 for single individuals without dependants and from $17,522 to $26,177 for families; and

      • the phase-out rate from 12% to 15%.

      Enhancement of the CWB supplement for persons with disabilities

      The supplement would phase out at a rate of 7.5% for each individual in a couple where both individuals are in receipt of the supplement, and at a rate of 15% otherwise. The reduction threshold would be increased from $24,815 to $32,244, for single individuals without dependants, and from $37,548 to $42,197, for families.

      Note that these rates do not apply to Schedule 6 for Nunavut, Quebec and Alberta.

   5. Inclusion of postdoctoral fellowship income in calculating the earned income for RRSP purposes

      In its 2021 budget, the federal government proposes to include postdoctoral fellowship income in the "earned income" for RRSP purposes. This would provide postdoctoral fellows with additional RRSP room in order to make deductible RRSP contributions.

      Consequently, "Table D - Calculation of 2021 earned income" in the in-house RRSP Schedule has been revised to include postdoctoral fellowship income.

   6. Quebec: Elimination of the tax credits for respite of caregivers and for volunteer respite services

      The Quebec Schedule O associated with the tax credit for respite of caregivers as well as the RL-23 slip associated with the tax credit for volunteer respite services have been deleted due to the elimination of these two credits as of January 1, 2021.

   7. Ontario: Enhancement of the Childcare Access and Relief from Expenses (CARE) tax credit (ON479-A)

      To help parents pay their childcare costs and re-enter the workforce, the government is proposing a temporary increase in the support provided through the CARE tax credit in 2021. This increase would provide a one-time top-up for CARE tax credit recipients equal to 20% of their 2021 credit entitlements.

   8. Saskatchewan: Reinstatement of the Active Families Benefit (SK479)

      In its 2021 budget, the government of Saskatchewan proposes to reinstate the Active Families Benefit that has been eliminated since 2016.

      The Active Families Benefit is a refundable tax credit that allows families who have paid fees for cultural, recreational and sports activities for children under 18 years of age to claim up to $150 per child, or up to $200 for a child with a disability. This refundable credit is only available to families with adjusted net income of $60,000 or less.

   9. Medical expenses of a dependant that are considered expenses paid by that person

      Certain amounts withheld at source (such as employee-paid premiums for group insurance indicated in box 85 of the T4 or premiums paid by the employer indicated in box J of the Quebec RL-1 slip) as well as the premiums payable under the Quebec prescription drug insurance plan are all medical expenses that are considered to be paid by the person themselves.

      When these amounts are entered in the file of a dependant, they cannot be claimed by the family head nor by the family head's spouse. As of 2021, these amounts from a dependant's file will no longer be transferred automatically to the family head nor to the family head's spouse.

2. Notes

   1. Deceased or bankrupt taxpayers

      Although the tax planner might not be appropriate to prepare 2021 income tax returns for living taxpayers, it may be used legally to prepare returns on behalf of deceased or bankrupt taxpayers. Pursuant to DT Max's calculations, tax plans will appear as preliminary updates of tax forms for the new tax year. However, the returns of deceased or bankrupt taxpayers will be displayed on approved forms from the prior tax year, in conformity with the government's instructions.

      For more details, please consult the following "in-house" documents from the knowledge base: Preparing the return of a deceased taxpayer and Preparing a bankruptcy return.

   2. Printing prescribed forms for 2021 returns

      Year after year, there is a certain level of confusion among tax preparers in regard to the forms' versions. Administrative policies differ from one level of government to the other as for the validity of the prescribed forms. DT Max was programmed in accordance with these administrative policies.

      1. Quebec

         When a 2021 tax return is produced before the official annual forms are made available, depending on whether the Quebec form is prescribed or not, the year that is printed may be 2020 or 2021. Even though the system's calculation engine is calibrated for tax year 2021, only a complete paper certification process (performed in the fall) allows the preparers to use the 2021 prescribed forms.

      2. Federal

         On all federal forms, the year is changed to 2021.

3. New forms

   Provincial

   • SK479 - Saskatchewan Credits

     Reinstatement of the Active Families Benefit.

4. Revised forms

   Provincial

   • ON479-A - Ontario Childcare Access and Relief from Expenses (CARE) Tax Credit

     Line 9 added for the 20% credit enhancement as proposed in the 2021 budget.

   In-house

   • Registered Retirement Savings Plan (RRSP) Schedule

     In Table D, line 14 was added to include postdoctoral fellowship income in the calculation of the 2021 earned income.

5. Deleted forms

   Quebec

   • Schedule O - Tax Credit for Respite of Caregivers

     As of tax year 2021, the tax credit for respite of caregivers is eliminated. As a result, Schedule O associated with this credit has been deleted.

6. New diagnostics

   1. Notes and diagnostics

      Provincial

      SK479 - Active families benefit

      The Saskatchewan active families benefit has not been calculated because the adjusted family income is more than $60,000.

      Quebec

      Schedule H - Tax credit for caregivers

      The tax credit for caregivers was not allowed because the type of return for the year of death is not the final income tax return.

7. New keywords

   1. In the CTC-Account keyword group, pertaining to the Canada training credit:

      1. CTC-Prior-Claimed : Canada training credit claimed in the previous years

8. Deleted keywords and options

   1. In the T-Slip group, pertaining to the Quebec RL-23 slip:

      The option for the RL-23 slip as well as keywords Tax-Credit.23 and Beneficiary associated with the tax credit for volunteer respite services have been deleted due to the elimination of the Quebec tax credit for volunteer respite services as of the 2021 taxation year.

DT Max T2

1. Program certification

   Federal

   For DT Max T2 version 24.30, 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, 2021, under the DT42 stamp.

   This new version of DT Max T2 has also undergone an authorization process with the CRA for the paper version of form T3010, Registered Charity Information Return, and has been approved under authorization number 13103.

   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 DT42 stamp.

2. Version highlights

   1. Onvio: Signing officers

      Once a client (corporation) has been added to Onvio, it is now possible to also add a signing officer to Onvio. Doing so will automatically turn on document sharing for documents located in any of the corporation's Onvio tax return folders. This will let a signing officer log into Onvio Client Centre and see any tax returns that have been uploaded to Onvio for the corporation. It will also allow Onvio Firm Management (Essentials or Advanced) users to obtain e-signatures from signing officers on selected forms (see the Requesting an Onvio e-signature page for more information).

   2. Onvio Firm Management: E-signatures

      Onvio Firm Management (Essentials or Advanced) users now have the ability to allow a corporation's signing officer to electronically sign selected forms in Onvio Client Centre using the new Onvio e-signature feature (see the Requesting an Onvio e-signature page for more information). The following forms are supported:

      • T183CORP

      • CRA - Authorize a representative

      • CRA - Cancel a representative

      • CO-1000.TE

      • MR-69

   3. Known issues fixed in version 24.30

      1. Small business deduction rate increase from 7.5% to 8.3%

         In the March 25, 2021, Quebec budget, the small business deduction (SBD) rate was increased from 7.5% to 8.3% for days in the tax year after March 25, 2021. This has been fixed with this version of DT Max T2.

   4. Schedule 322 - Prince Edward Island small business tax rate change

      As announced on March 12, 2021, effective January 1, 2022, the corporate income tax rate for eligible small businesses will be further reduced from 2% to 1%. This follows a 1% decrease that took effect on January 1, 2021. Note that the small business threshold remains unchanged at $500,000. This change has been implemented with this version of DT Max T2.

      In addition, all lines referring to days in the tax year before January 1, 2020, have been deleted.

   5. Important changes for corporations that file Ontario Annual Information Returns

      If your corporation files Ontario annual information returns, the following changes could affect you:

      As of May 7, 2021, Ontario Corporations Information Act annual returns will no longer be available for download on Canada.ca.

      As of May 15, 2021, Ontario Corporations Information Act annual returns will no longer be filed through the Canada Revenue Agency.

      The changes will apply to the following forms:

      • Schedule 546, Corporations Information Act Annual Return for Ontario Corporations

      • Schedule 548, Corporations Information Act Annual Return for Foreign Business Corporations

      • Form RC232, Corporations Information Act Annual Return for Ontario Not-for-Profit Corporations.

      The CRA will continue to process the T2 Corporation income tax returns and T3010 Registered Charity Information Returns.

      For more information on filing an Ontario corporation annual return, go to https://www.ontario.ca/page/ontario-business-registry. This web page will be updated as information becomes available.

      Due to these changes, Schedules 546, 547 and 548 have been deleted in this version of DT Max T2.

   6. Schedule 570 - Form and keyword changes

      This form has undergone significant changes by the CRA. Since this form can now be generated multiple times, the keywords relating to this form have changed.

      Previous entries made within the ProvITC-Add subgroup within CCA-Class have been deleted and must be re-entered using the new Ont-ROITC group. Here, you can enter information relating to eligible property acquired in the current year and any unclaimed expenditure balance from a short year that started less than 365 days before the tax year. We strongly urge you to verify your data and re-enter the applicable amounts under the new Ont-ROITC group.

      New with this version: The information on this form is now transmitted to the CRA for barcode and EFILE purposes.

   7. CO-771 - Option for number of remunerated hours

      On March 25, 2021, the Government of Québec announced its 2021-2022 Budget. As a result, the Ministère des Finances du Quebec announced the addition of an option for the number of remunerated hours. As a result, for a given taxation year that ended after June 30, 2020, but before July 1, 2021, a corporation may opt to use the remunerated hours from the previous year.

      The eligible corporation can choose this option by entering the keyword Hours-Employees and selecting the option "Total number of hours paid for employees in prior year".

   8. AT1 Schedule 8

      This form has been deleted and as a result the PoliticContr keyword option "Alberta" group has been deleted. In addition, the Partner-Pol keyword has been deleted within the RelatedParty group option "Partnership - corp is partner".

3. New forms

   Alberta

   • AT1 Schedule 29 - Alberta Innovation Employment Grant

     This is a brand-new form, similar to the AT1 Schedule 9 that was terminated as of December 31, 2019.

     DT Max uses the same keyword group as the AT1 Schedule 9, therefore we recommend that you verify the data entry.

     The Alberta Innovation Employment Grant (IEG) is a refundable tax credit that a qualified corporation may deduct from tax otherwise payable for a taxation year in accordance with Division 7 of Part 6 of the Alberta Corporate Tax Act. In general, the IEG is equal to 8% of the lesser of the corporation's eligible expenditures in respect of scientific research and experimental development (SR&ED) carried out in Alberta after December 31, 2020, and the corporation's maximum expenditure limit for the year. The corporation will be eligible to claim an additional amount equal to 12% of any such amount in excess of a base amount. A corporation's base amount is determined by calculating the corporation's average eligible expenditures for the two preceding taxation years.

   • AT1 Schedule 29 - Listing of Innovation Employment Grant Projects Claimed in Alberta

4. Revised forms

   Federal

   • T2 Corporation Income Tax Return (2020 and later tax years)

     On page 1, in the Identification section, for line 85, the tick box relating to corporation exempt under paragraph 149(1)(t) has been deleted. As such, the CorpType keyword's option "Exempt-farm/fish-ITA 149(1)(t)" has been removed.

     On page 3, in Taxable income, line 370 relating to taxable income for a corporation with exempt income under paragraph 149(1)(t) has been deleted.

     On page 4, in Small business deduction, lines 425 and 427 have been deleted as they are no longer relevant.

     The Refundable dividend tax on hand (for tax years starting before 2019) and Dividend refund (for tax years starting before 2019) sections have been deleted from the form.

   • Planning Summary - Federal 2021

     In the Taxable income section of the form, line 370 has been deleted.

     In the Small business deduction section of the form, lines 425 and 427 have been deleted.

     In the Refundable dividend tax on hand (tax year start before 2019) and Dividend refund (tax year start before 2019) sections of the form, all lines have been deleted.

     The above changes are due to the lines being deleted on Schedule 200 (T2 Corporation Income Tax Return).

   • Schedule 200 Summary for 2020 taxation year (Federal 5-year summary)

     For taxation years ending after 2020, an amount at line 370, Income exempt (149(1)(t)), will no longer apply due to the deletion of this line on Schedule 200.

     For taxation years ending after 2020, an amount at lines 425, Reduced business limit for tax years starting before 2019, and 427, Reduced business limit after assignment for tax years starting before 2019, will no longer apply due to the deletion of these lines on Schedule 200.

     For taxation years ending after 2020, all amounts in the Refundable dividend tax on hand (tax year start before 2019) and Dividend refund (tax year start before 2019) sections will no longer apply due to the deletion of these sections on Schedule 200.

   • Schedule 3 - Dividends Received, Taxable Dividends Paid, and Part IV Tax Calculation (2019 and later tax years)

     New column L is added in Part 1 to calculate the Part IV tax before deductions on taxable dividends received from connected corporations.

   • Schedule 4 - Corporation Loss Continuity and Application (2021 and later tax years)

     A new line 1F has been added in Part 1, Non-capital losses, for Employer deduction in respect of non-qualified securities - Paragraph 110(1)(e). Use the keyword Tax-Inc-Ded within the NetIncome group to enter an amount at this line.

     Also, the references to expiry for non-capital losses, farm losses and restricted farm losses after 10 tax years if they arose in a tax year before 2006 have been removed from the form.

   • Schedule 5 - Tax Calculation Supplementary - Corporations (2020 and later tax years)

     Lines 525 and 892 regarding the Prince Edward Island political contribution tax credit and contribution have been deleted. As a result, the PoliticContr keyword option "Prince Edward Island" has been deleted.

     Also, lines 653 and 896 regarding the British Columbia political contribution tax credit and contribution have been deleted. As a result, the PoliticContr keyword option "British Columbia" has been deleted.

   • Schedule 17 - Credit Union Deductions (2020 and later tax years)

     This form has been revised. References to days in the year before 2019 have been deleted from the Saskatchewan, Ontario, British Columbia and Manitoba sections of the form.

   • Schedule 322 - Prince Edward Island Corporation Tax Calculation (2021 and later tax years)

   • Schedule 388 - Manitoba Film and Video Production Tax Credit (2020 and later tax years)

     In Part 10, Cost of production tax credit, a new line number 876 has been added for the Manitoba production company bonus in order to calculate the corporation's eligible cost of production tax credit for the film.

     Use the keyword BonusRate.l in the Labour-Exp.cf subgroup with the option "Cost-of-production tax credit" within the Cred-Film group with the option "Manitoba film and video production" to indicate whether or not an additional 8% Manitoba production company bonus rate applies.

   • Schedule 404 - Saskatchewan Manufacturing and Processing Profits Tax Reduction (2020 and later tax years)

     This form has been updated by the CRA. References to days in the year before January 1, 2018, have been deleted from the form.

   • Schedule 444 - Yukon Business Carbon Price Rebate (2021 and later tax years)

   • Schedule 502 - Ontario Tax Credit for Manufacturing and Processing (2020 and later tax years)

   • Schedule 570 - Ontario Regional Opportunities Investment Tax Credit (2020 and later tax years)

   • T3010 - Registered Charity Information Return

   • Executive summary for 2021 taxation year

     Under the Federal return section of the form, the line relating to the Refundable dividend tax on hand at the end of the tax year has been deleted as a result of line 485 being deleted from Schedule 200.

   Quebec

   • CO-17S.3 - Dividends Received and Taxable Dividends Paid

     In-house form changes due to changes made to federal Schedule 3.

   • CO-726.PF - Income-Averaging Deduction for Forest Producers

     This form has been updated by Revenu Québec and adjustments have been made that may affect the end result on line 31l, Déduction pour étalement du revenu d'un producteur forestier (Income-averaging deduction for forest producers), and the amount going to line 265/line 266 of the CO-17. Please verify your data entry and adjust accordingly.

   • RD-1029.8.9.03 - Tax Credit for Fees and Dues Paid to a Research Consortium

     In Part 6, Amount of reducible expenditures, a new line 186a has been added for the portion of the amount on line 181 related to R&D work conducted before March 11, 2020.

     N.B. English versions are now available for the Quebec forms below:

   • CO-400 - Resource Deductions

   • CO-17.CE - Online Commercial Activities of a Corporation

   • CO-17.R - Request for an Adjustment to a Corporation Income Tax Return or to an Information and Income Tax Return for Non-Profit Corporations

   • CO-1029.8.35 - Tax Credit for Québec Film Productions Deductions

   • CO-1029.8.36.II - Tax Credit for Investment and Innovation Deductions

   • CO-1029.8.36.IK - Cumulative Limit Allocation Agreement for the Tax Credit for Investment and Innovation Deductions

   • CO-1029.8.36.IN - Tax Credit for Investment Deductions

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

   • CO-1159.2 - Compensation Tax for Financial Institutions Deductions

   Alberta

   • AT1 Alberta Corporate Income Tax Return - AT1 for 2004 and Subsequent Taxation Years

     Line 71 pertaining to the Alberta manufacturing and processing profits deduction has been deleted.

     Line 74 pertaining to the Alberta political contributions tax credit has been deleted due to the deletion of Alberta Schedule 8.

     Line 93 pertaining to the fax number for the Notice of assessment has been deleted as well. Consequently, keywords Fax-Assess.r and Fax-Number.r have been deleted from the RefundCode keyword group and the keywords Fax-Assess and Fax-Number have been deleted from the PaymentCode keyword group.

     A new line number 129 has been added for the new Alberta Schedule 29 - Innovation Employment Grant.

   • AT1 Planning Summary 2021

     Lines 71 and 74 have been deleted due to the deletion of these lines on the AT1 return.

     New line 129, Innovation employment grant, has been added due to the addition of this line on the AT1 return.

     All lines have been deleted under the Schedule 8 - Political Contribution Tax Credit section of the form due to the deletion of Schedule 8.

     A brand-new section Schedule 29 - Innovation Employment Grant has been added to the form due to the addition of new Schedule 29.

   • AT1 Summary for 2021 taxation year (5-year summary)

     Line 71 pertaining to the Alberta manufacturing and processing profits deduction has been deleted.

     For taxation years ending after 2020, an amount at line 74 pertaining to the Alberta political contributions tax credit will no longer apply due to the deletion of Alberta Schedule 8.

     For taxation years ending after 2020, all amounts in the Schedule 8 - Political contributions tax credit section of the form will no longer apply due to the deletion of Alberta Schedule 8.

     New line 129, Innovation employment grant, has been added to this form due to the addition of this line on the AT1 return.

     A brand-new section Schedule 29 - Innovation Employment Grant has been added to the form due to the addition of new Schedule 29.

   • AT100 - Preparing and Filing the Alberta Corporate Income Tax return - AT1 and Schedules for 2001 and Subsequent Tax Years

     This form has been updated by the Alberta government. Due to the addition of new AT1 Schedule 29, an exemption criterion #10, "It is not claiming the Alberta Innovation Employment Grant", has been added on the AT100.

   In-house forms

   • Notes and diagnostics page

     A new table has been added as a reminder of the changes affecting the filing of the Ontario annual return (Schedules 546/547/548). For more information, click here.

   • Charity assembly instructions

   • Carryforward schedules (both)

     The line relating to the Refundable dividend tax on hand at the end of the tax year has been deleted from both carryfoward schedules due to the fact that line 485 has been deleted from Schedule 200.

5. Deleted forms

   Federal

   • Schedule 546 - Corporations Information Act Annual Return for Ontario Corporations

   • Schedule 547 - Supplement - Corporations Information Act: Annual Return for Ontario Corporations (as part of Schedule 546)

   • Schedule 548 - Corporations Information Act Annual Return for Foreign Business Corporations (2009 and later tax years)

   Alberta

   • AT1 Schedule 8 - Alberta Political Contributions Tax Credit

6. New keywords

   1. In the Labour-Exp.cf subgroup within the Cred-Film group, pertaining to federal Schedule 388:

      1. BonusRate.l : Whether an additional 8% Manitoba production company bonus rate applies

         Use the keyword BonusRate.l to indicate whether or not an additional 8% Manitoba production company bonus rate applies.

         To claim the additional 8% Manitoba production company bonus an eligible film corporation must meet the following conditions:

         1. principal photography for the film commenced after May 31, 2020,

         2. at all times in the taxation year of the corporation, a Manitoba production corporation owns, otherwise then by way of security, voting shares of the corporation

         3. the Manitoba production corporation receives credit as a producer, co-producer or executive producer of the film.

   2. In the IncomeSource group, pertaining to federal Schedule 388:

      1. DivdRef-ERDTOH : Portion of ERDTOH dividend refund of connected corp in its tax yr

         Enter the portion of dividend refund to the connected payer corporation from its ERDTOH for paying the taxable dividends. This is needed to calculate the amount of dividends received by this corporation which are subject to Part IV tax.

   3. In the Ont-ROITC group, pertaining to federal Schedule 570:

      1. Region.p : Designated region

         Use the keyword Region.p to choose the designated region where the eligible property is located.

      2. Ont-ROITC : Ontario regional opportunities investment tax credit

         Use the keyword Ont-ROITC if you wish to claim the Ontario regional opportunities investment tax credit (federal Schedule 570).

      3. ShortYear-Start : Tax year start of short year

         Use the keyword ShortYear-Start to enter the tax year start of the short year of the corporation or a predecessor corporation.

      4. ShortYear-End : Tax year end of short year

         Use the keyword ShortYear-End to enter the tax year end of the short year of the corporation or a predecessor corporation.

      5. ITC-Exp : Capital cost of eligible property acquired included in CCA class 1 or 6

         Use the keyword ITC-Exp to enter the capital cost of eligible property that is capital property included in capital cost allowance class 1 or class 6 with some exceptions.

         Expenditures for these classes include costs for constructing, renovating or acquiring eligible commercial and industrial buildings. If the property is a building, or an addition or alteration to a building, at the end of the tax year at least 90% of the floor space of the building must be used for a non-residential use. The property has to be located wholly within the qualifying region. Contracts for eligible expenditures must be at arm's length.

      6. Number-DaysOV : Number of days from a short year / ov

         Use Number-DaysOV to override 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 as calculated by DT Max.

      7. CreditOV : Credit claimed in the current year / ov

         Use the keyword CreditOV to override the Ontario regional opportunities investment tax credit claimed in the current year as calculated by DT Max.

   4. In the RelatedParty group, pertaining to the AT1 Schedule 29:

      1. AB-EligExp.pa : AB eligible expenditure of assoc. corp. for the previous years

         Based on the AB-EligExp.pa entered, DT Max will calculate this corporation's base amount for purposes of the IEG tax credit.

7. Revised keywords

   1. This keyword pertaining to Quebec form CO-771 was revised:

      1. Hours-Employees : Hours paid for employees of the corporation

         Use the keyword Hours-Employees to indicate the number of hours paid for the employees of the corporation in the current year.

         On March 25, 2021, the Government of Quebec announced its 2021-2022 budget. As a result, for a given taxation year that ended after June 30, 2020, but before July 1, 2021, a corporation may apply to the Minister of Revenue for the number of remunerated hours that were used to determine whether it was eligible for the SBD or to establish its SBD rate, for its taxation year immediately preceding the given year, to be used to determine whether it qualifies for the SBD or to establish its SBD rate for the given year.

         For a given fiscal period of a partnership that ends after June 30, 2020, and before July 1, 2021, a corporation that is a member of the partnership during a taxation year in which the given fiscal period ends may apply to the Minister of Revenue for the partnership's remunerated hours, for its fiscal period ended immediately before the given period, to be used to determine eligibility for the SBD of the corporation's share of the partnership's income for the given period.

         A corporation may apply to the Minister of Revenue when filing its tax return, or if the tax return has already been sent, submit its request separately.

8. Deleted keywords

   1. From the Jurisdiction group, due to the deletion of federal Schedules 546 and 548:

      1. AnnualReturn-No: Ontario Corporation Number (OCN) for purposes of Annual Return

   2. From the AnnualReturn group, also due to the deletion of federal Schedules 546 and 548:

      1. Address-Reg: Street name of registered office

      2. SignOfficer: Last name of authorized person

      3. FirstName.a: First name of authorized person

      4. MiddleName.a: Middle name of authorized person

      5. Title.a: Title of authorized person

      6. Information.o: Section for which you want to add or remove information

      7. Display-Address: Whether or not to display address on MGCS public record

      8. Street.o: Number, street, apartment, suite

      9. Care-Of.o: Name of person at principal office for address to be in care of

      10. Suite.o: Suite number

      11. MoreInfo.o: Additional line for the address, if required

      12. City.o: City, town or municipality

      13. Province.o: Province

      14. State.o: State

      15. Country.o: Country

      16. PostCode.o: Postal code

      17. ZIPCode.o: U.S.A. zip code

      18. ForeignPost.o: Foreign postal code

      19. Language.o: Language of preference

      20. LastName.o: Last name

      21. Firstname.o: First name

      22. MiddleName.o: Middle name

      23. Individual.o: Whether individual is a director and/or officer

      24. Dir-CdnRes: Whether the director is a Canadian resident

      25. Date-Start.o: Date the chief officer/manager was appointed

      26. Date-End.o: Date the chief officer/manager was ceased

      27. Pos-Start.o: Date the director/officer was appointed

      28. Pos-End.o: Date the director/officer was ceased

      29. ONT-Manager: Last name of chief officer/manager

      30. Service-Ind: Last name of individual who is an agent for service

      31. Service-Corp: Name of corporation which is an agent for service

      32. ON-Corp-No.o: Ontario corporation number of agent for service

      33. Jur-Incorp: Jurisdiction and date incorporated, continued or amalgamated

   3. From the CCA-Class group, pertaining to changes in federal Schedule 570:

      1. Number-Days.p: Number of days from a short year

      2. Credit-Transf: Credit transferred on an amalgamation or the wind-up of a subsidiary

      3. CreditAlloc: Credit allocated from a partnership

      4. ProvITC-Add: Addition eligible for provincial ITC and type

   4. From the PaymentCode group, pertaining to the Alberta AT1 return:

      1. Fax-Assess: Whether the Alberta notice of assessment is to be faxed to the corporation

      2. Fax-Number: Fax number where notice of assessment is to be sent

   5. From the RefundCode group, pertaining to the Alberta AT1 return:

      1. Fax-Assess.r: Whether Alberta notice of assessment is to be faxed to corporation

      2. Fax-Number.r: Fax number where notice of assessment is to be sent

   6. From the PoliticContr group, pertaining to the deleted Alberta AT1 Schedule 8:

      1. Recipient: Name of recipient

      2. Receipt-#: Official receipt number for political contribution

      3. Pol-Date: Date of political contribution

   7. From the RelatedParty group:

      1. Partner-Pol: Corp's portion of partnership's political contributions

9. New options

   1. For the keyword Tax-Inc-Ded pertaining to federal Schedule 4:

      Employer deduction in respect of non-qualified securities

   2. For the new keyword Region.p pertaining to federal Schedule 570:

      16 City of Kawartha Lakes
      41 County of Bruce
      34 County of Elgin together with the City of St. Thomas
      (...)
      02 United Counties of Prescott and Russell
      01 United Counties of Stormont, Dundas, Glengarry, Cornwall
      

   3. For the new keyword ITC-Exp pertaining to federal Schedule 570:

      Class 1
      Class 6
      

   4. For the keyword AB-R&DProject pertaining to the new Alberta AT1 Schedule 29:

      AB portion of fed. qual. SR&ED exp. (before 01/01/2021)
      Portion of fed. qual. SR&ED outside AB (before 01/01/2021)
      AB portion of SR&ED salaries/wages (before 01/01/2021)
      

   5. For the new keyword AB-EligExp.pa pertaining to the new Alberta AT1 Schedule 29:

      Eligible expenditures for first preceding year
      Eligible expenditures for second preceding year
      

   6. For the keyword Hours-Employees , pertaining to Quebec form CO-771:

      Total number of hours paid for employees in prior year

10. Revised options

    1. For the keyword Recapture , pertaining to the new Alberta AT1 Schedule 29:

       Alberta IEG credit

    2. For the keyword SR&ED.his , pertaining to the new Alberta AT1 Schedule 29:

       Alberta eligible IEG expenses
       Alberta expenditure limit less Alberta IEG credit
       

    3. For the keyword AB-R&DProject pertaining to the new Alberta AT1 Schedule 29:

       AB port. fed. qual. SR&ED exp. bef. IEG (after 31/12/2020)
       Portion of fed. qual. SR&ED outside AB (after 31/12/2020)
       AB portion of SR&ED salaries/wages (after 31/12/2020)
       

11. Deleted options

    1. From the keyword CorpType , pertaining to the T2 Corporation Income Tax return (Schedule 200):

       Exempt-farm/fish-ITA 149(1)(t)

    2. Due to the deletion of the keyword Title.a pertaining to the deleted federal Schedules 546 and 548, this associated option was also deleted:

       Other individual

    3. Due to the deletion of keyword Information.o pertaining to the deleted federal Schedules 546 and 548, these associated options were also deleted:

       1. Name of legal person and address of domicile
       2. Elected domicile
       3. Legal form
       4. Continuation or transformation
       (...)
       Date commenced or ceased activities (Sch. 548)
       Chief officer or manager (Sch. 548)
       Agent for service (Sch. 548)
       

    4. Due to the deletion of keyword Display-Address pertaining to the deleted federal Schedules 546 and 548, these associated options were also deleted:

       Do not display mailing address
       Display mailing address same as head/registered office
       Display different mailing address
       Do not display address of principal office
       Display address of principal office
       

    5. Due to the deletion of keyword Individual.o pertaining to the deleted federal Schedule 546, these associated options were also deleted:

       Individual is a director only
       Individual is an officer only
       Individual is a director and officer
       

    6. Due to the deletion of keywords Pos-Start.o and Pos-End.o pertaining to the deleted federal Schedules 546 and 548, these associated options were also deleted:

       Chairman
       Chair person
       Chairwoman
       

    7. Due to the deletion of keyword Date.o pertaining to the deleted federal Schedule 548, these associated options were also deleted:

       Date commenced activity in Ont.
       Date ceased activity in Ont.

    8. Due to the deletion of keyword Jur-Incorp pertaining to the deleted federal Schedule 548, these associated options were also deleted:

       AK Alaska
       AL Alabama
       AN Arkansas
       ANG Anguilla
       (...)
       WV West Virginia
       WY Wyoming
       YU Yugoslavia
       ZA Zaire
       

    9. Due to the deletion of keyword Partner-Pol pertaining to the deleted Alberta AT1 Schedule 8, these associated options were also deleted:

       Contributions in 2003 or earlier
       Contributions in 2004 or later
       

DT Max T3

1. Version highlights

   1. Known issues fixed in version 24.30

      1. DT Max T3 is incorrectly calculating a capital gain on property designated as a principal residence

         Form TP-274.F was erroneously calculating capital gains for property acquired and disposed of after 2016 and designated as a principal residence. A negative value was calculated on line 6 reducing the total number of years the property was owned.

         This issue has been corrected in version 24.30 of DT Max for years after 2020.

   2. New Planning Summary forms for federal and Quebec jurisdictions

      For trust tax planning purposes, DT Max now offers the option to display a tax planning summary for the federal and Quebec jurisdictions. Where data exists in the plans, users can view and compare the production information for the current taxation year and six tax plans condensed onto two pages.

   3. Client invoice

      New keywords are available in the Progress group to enter the information concerning the professional fees paid by the client. A new line has been added to the invoice to capture the payment method and amount. Other keywords have been added for information purposes only.

   4. Modifications to the dividend tax credit rate

      Alberta

      Due to acceleration of the general corporate income tax rate reduction, the dividend tax credit rate for eligible dividends has been revised, decreasing from 36.316% to 29.481% of the federal gross-up amount for 2021.

      Prince Edward Island

      The Prince Edward Island credit rate for dividends other than eligible dividends has been reduced from 21% to 15% of the federal gross-up amount for 2021.

      Saskatchewan

      The rate of the tax credit for non-eligible dividends has been revised from 25.773% to 12.996% of the federal gross-up amount for 2021.

      Yukon

      The dividend tax credit rate for non-eligible dividends has been revised, decreasing from 17.62% to 5.10% of the federal gross-up amount for 2021.

2. New forms

   In-house

   • Planning summary - Federal 2021

   • Planning summary - Quebec 2021

3. Revised forms

   Federal

   • Schedule 11 - Federal Income Tax

   • T3AB - Alberta Tax

   • T3BC - British Columbia Tax

   • T3MB - Manitoba Tax

   • T3NB - New Brunswick Tax

   • T3NL - Newfoundland and Labrador Tax

   • T3NS - Nova Scotia Tax

   • T3NT - Northwest Territories Tax

   • T3NU - Nunavut Tax

   • T3ON - Ontario Tax

   • T3PE - Prince Edward Island Tax

   • T3SK - Saskatchewan Tax

   • T3YT - Yukon Tax

   • T3MJ - T3 Provincial and Territorial Taxes - Multiple Jurisdictions

   In-house

   • T3 - Summary

   • TP-646 - Summary

   • Client invoice

4. New keywords

   1. In the Progress group, pertaining to the professional fees paid and the client invoice:

      1. Invoice-Number : Invoice number (Information purposes only)

         Use the keyword Invoice-Number to record which invoice is being paid. This keyword is simply for information purposes and is not captured on the invoice.

      2. Payment-Amount : Payment amount

         Use the keyword Payment-Amount to enter the amount the client has paid. This payment will be captured on the client's invoice.

      3. Payment-Type : Payment type

         Use the keyword Payment-Type to indicate the method of payment. This information will be entered on the client's invoice.

      4. Received-By : Payment received by

         Use the keyword Received-By to record who has received the payment. This is for information purposes only and will not appear on the invoice.

DT Max T5013

1. Version highlights

   1. 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:

      Landing page:

      https://www.revenuquebec.ca/cryptocurrency

      Information page:

      https://www.revenuquebec.ca/en/fair-for-all/helping-you-meet-your-obligations/virtual-currency

   2. New in-house form ACB worksheet

      Use this form to display the calculation of the adjusted cost base of the partner's share. Use the keyword ACB-Work-Sheet in the Partners group to generate this form.

2. New forms

   In-house

   • ACB worksheet

3. Revised forms

   Federal

   • T2058 - Election on Disposition of Property by a Partnership to a Taxable Canadian Corporation

     In the Information on the property disposed of and consideration received section, lines pertaining to Eligible capital property have been removed.

   • Statement of partnership income - Instructions for Recipient

   In-house

   • Additional slip information

   • Statement of real estate rentals

4. New keywords

   1. In the Partners group, pertaining to the ACB worksheet form:

      1. ACB-Work-Sheet : Whether to generate the adjusted cost base (ACB) worksheet

         Use the keyword ACB-Work-Sheet if you wish to generate the adjusted cost base (ACB) worksheet.

5. New options

   1. For the keyword Actual-Dividend in the IncomeSource group, pertaining to the T5013 slip and the Quebec RL-15 slip:

      Ordinary dividends received after 2021

   2. For the keyword Indian-Exempt in the Partners group, pertaining to the Quebec RL-15 slip:

      Ordinary dividends received after 2021

   3. For the keyword Split-Income in the Partners group, pertaining to the Quebec RL-15 slip:

      Ordinary dividends received after 2021

6. Deleted options

   1. From the keyword Actual-Dividend in the IncomeSource group, pertaining to the T5013 slip and the Quebec RL-15 slip:

      Eligible dividends received in 2018 after March 27
      Ordinary dividends received in 2018
      Ordinary dividends received in 2018 after March 27
      

   2. From the keyword Indian-Exempt in the Partners group, pertaining to the Quebec RL-15 slip:

      Eligible dividends received in 2018 after March 27
      Ordinary dividends received in 2018
      Ordinary dividends received in 2018 after March 27
      

   3. From the keyword Split-Income in the Partners group, pertaining to the Quebec RL-15 slip:

      Eligible dividends received in 2018 after March 27
      Ordinary dividends received in 2018
      Ordinary dividends received in 2018 after March 27