DT Max - What's new for T1/T2/T3 Internet version 26.30?

What's new for T1/T2/T3 Internet version 26.30?

The latest DT Max program update is now available for downloading. It features the T1/TP-1 program for the tax years 2012 to 2022 inclusively as well as the 2023 planner, in addition to fully supporting T1/TP1 EFILE.

Version 26.30 also features the T2 program for fiscal periods ending from 2012 to 2023 and fully supports Corporation Internet Filing (T2, CO-17 and AT1).

Also featured is the T3/TP-646 program for tax years ending from 2012 to 2023 inclusively (keeping in mind that the 2023 tax returns for trusts prepared with this version will be using the 2022 tax forms).

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

In this version...

For all DT Max programs

Implementation of announced tax changes
2023 Planner Standard Caveat

DT Max T1

Version highlights
Notes
1. Deceased or bankrupt taxpayers
2. Printing prescribed forms for 2023 returns
  1. Quebec
  2. Federal
New forms
Revised forms
New diagnostics
1. Error prevention report
New keywords
New options

DT Max T2

Program certification
Version highlights
New forms
Revised forms
New keywords
Revised keywords
Deleted keywords
New options
Revised options
Deleted options

DT Max T3

Version highlights
New forms
Revised forms
New keywords

For all DT Max programs

Implementation of announced tax changes

Since our last release, the following budgets were announced:

Federal - March 28, 2023
Alberta - February 28, 2023
British Columbia - February 28, 2023
Manitoba - March 7, 2023
New Brunswick - March 21, 2023
Newfoundland & Labrador - March 23, 2023
Northwest Territories - February 8, 2023
Nova Scotia - March 23, 2023
Nunavut - February 23, 2023
Ontario - March 23, 2023
Prince Edward Island - May 25, 2023
Quebec - March 21, 2023
Saskatchewan - March 22, 2023
Yukon - March 2, 2023

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

The 2023 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 (2023)
Tax brackets and rates (2023)
Tax changes in DT Max (2023)
2023 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 2023 tax rates and the 2022 non-refundable tax credits and tax brackets indexed to reflect the 2023 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 2023 tax liability, we strongly suggest that you review our planner's results with care.

DT Max T1

Version highlights
1. Federal
  1. Tradesperson's tools expenses deduction
    
    Under the tradesperson's tools expenses deduction, a tradesperson may claim a deduction of up to $500 of the amount by which the total cost of eligible new tools acquired as a condition of employment, in a taxation year, exceeds the Canada employment amount ($1,368 in 2023). The total cost of eligible new tools cannot exceed the sum of the employment income earned in the trade and any apprenticeship grants received to acquire the tools (these grants must be included in the income).
    
    The 2023 Budget proposes to double the maximum employment income deduction for tradespeople's tool expenses from $500 to $1,000, effective for the 2023 tax year.
    
    As a result of this change, the extraordinary costs for tools that can be deducted under the apprentice vehicle mechanic tool deduction will now be those that exceed the greater of: the sum of the increased tradesperson's tool deduction ($1,000) and the Canada employment amount ($1,368 in 2023), or 5% of the taxpayer's income earned as an apprentice mechanic (including income from apprenticeship grants).
  2. Residential property flipping rule
    
    Property flipping involves purchasing residential property and reselling the property in a short period of time to realize a profit. The profit from property flipping is fully taxable as business income, which means it does not qualify for the 50-per-cent capital gains inclusion rate or the Principal Residence Exemption. Where the new deeming rule applies, the Principal Residence Exemption would not be available.
  3. Elimination of the flow-through share regime for oil, gas and coal activities
    
    Flow-through share agreements allow corporations to renounce or "flow through" both Canadian exploration expenses and Canadian development expenses to investors, who can deduct the expenses in calculating their taxable income (at a 100-per-cent or 30-per-cent rate on a declining-balance basis, respectively). This facilitates the raising of equity to fund eligible exploration and development by enabling companies to issue shares at a premium.
    
    Budget 2022 has proposed to eliminate the flow-through share regime for oil, gas, and coal activities by no longer allowing oil, gas and coal exploration or development expenditures to be renounced to a flow-through share investor.
    
    This change was included in the legislative proposals released on August 9, 2022, and would apply to expenditures renounced under flow-through share agreements entered into after March 31, 2023.
  4. 2023 automobile deduction limits and expense benefit rates for businesses
    
    On December 16, 2022, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2023.
    
    The following changes to limits and rates will take effect as of January 1, 2023:
    - The ceiling for capital cost allowances (CCA) for Class 10.1 passenger vehicles will be increased from $34,000 to $36,000, before tax, in respect of vehicles (new and used) acquired on or after January 1, 2023.
    - The ceiling for CCA for Class 54 zero-emission passenger vehicles will be increased from $59,000 to $61,000, before tax, in respect of vehicles (new and used) acquired on or after January 1, 2023.
    - Deductible leasing costs will be increased from $900 to $950 per month, before tax, for new leases entered into on or after January 1, 2023.
    - The limit on the deduction of tax-exempt allowances paid by employers to employees who use their personal vehicle for business purposes in the provinces will increase by seven cents to 68 cents per kilometre for the first 5,000 kilometres driven, and to 62 cents for each additional kilometre. For the territories, the limit will also increase by seven cents to 72 cents per kilometre for the first 5,000 kilometres driven, and to 66 cents for each additional kilometre.
    - The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers will be increased by four cents to 33 cents per kilometre. For people who are employed principally in selling or leasing automobiles, the rate used to determine the employee's taxable benefit will be increased by four cents to 30 cents per kilometre.
    - The maximum allowable interest deduction for new automobile loans of $300 per month will remain the same for 2023.
2. Newfoundland and Labrador
  1. Newfoundland and Labrador disability amount
    
    The Newfoundland Labrador disability amount (NLDA) is an additional amount paid with the Newfoundland and Labrador income supplement (NLIS) and is designed to help low- and modest-income persons with disabilities.
    
    To be eligible for the NLDA for a quarter an individual must be:
    - eligible for the federal GST/HST credit and the NLIS
    - eligible for the Disability tax credit (DTC)
    The maximum annual payment amount is:
    - $220 if you are eligible for the disability tax credit
      
      plus
    - $220 if your spouse or common-law partner is eligible for the disability tax credit.
    This program is fully funded by the Newfoundland and Labrador provincial government.
  2. Doubling of the Physical Activity Tax Credit
    
    In the spirit of encouraging more active lifestyles and breaking down potential barriers to accessing recreational and sporting activities, the Government of Newfoundland and Labrador is doubling the Physical Activity Tax Credit. This credit will provide a refundable tax credit of up to $348 per family.
3. Prince Edward Island
  1. Increasing the basic personal amount
    
    The basic personal amount is increased to $12,750 for 2023, and $13,500 for 2024.
  2. Increasing the spousal amount
    
    The spousal amount is increased to $10,829 for 2023, and $11,466 for 2024.
  3. Increasing the age amount
    
    The age amount increased to $4,679 for 2023. The income threshold is also increased to $30,879.
  4. Increasing the low-income tax reduction threshold
    
    The low-income tax reduction threshold increased for 2023 to $20,750, and to $21,500 for 2024.
4. New Brunswick
  1. Reduction of the personal income tax rates
    
    New Brunswick announced on November 1, 2022, that their personal income tax rates would be reduced for 2023, with one bracket being eliminated.
    
    The rate change did not affect the rate for donations in excess of $200, which is stated as 17.95% in Section 25 of the New Brunswick Income Tax Act.
5. Quebec
  1. General reduction in personal income tax as of the 2023 taxation year
    
    The government intends to continue protecting Quebecers' standard of living and encouraging their participation in the labour market by making a general reduction in personal income tax, which will help reduce the tax burden of Quebecers starting this year.
    
    This general tax reduction will result in a decrease in the tax rates applicable to the first two taxable income brackets of the personal income tax table.
    
    The tax legislation will therefore be amended so that, as of the 2023 taxation year:
    - on the one hand, the tax rate for the first taxable income bracket, which does not exceed $49,275 for the 2023 taxation year, will be reduced by one percentage point, from 15% to 14%;
    - on the other hand, the tax rate for the second taxable income bracket, which is the bracket over $49,275, but not exceeding $98,540, will also be reduced by one percentage point, from 20% to 19%.
  2. Decrease in the conversion rate
    
    The tax legislation and regulations will also be amended so that, starting in the 2023 taxation year, the conversion rate applicable to the various amounts for calculating personal tax credits will be reduced from 15% to the new rate applicable to the first taxable income bracket of the personal income tax table, that is, 14%.
    
    These amounts are:
    - the basic amount;
    - the amounts for persons living alone;
    - the amount with respect to age;
    - the amount for retirement income;
    - the amount for a severe and prolonged impairment in mental or physical functions;
    - the amount for children under 18 enrolled in vocational training or post-secondary studies;
    - the amount for other dependants;
    - the amounts for calculating the transferred amount representing the recognized parental contribution.
  3. Increase in the amounts granted for the purpose of calculating certain personal tax credits
    
    To take into account the composition of certain households, particularly families with children enrolled in vocational training or post-secondary studies and ensure that they benefit from the new general tax reduction, the tax legislation will be amended to include an increase in the amounts granted for the purpose of calculating certain personal tax credits as of the 2023 taxation year.
  4. Reduction of the rate applicable to the calculation of the tax credit for career extension
    
    In all cases, the tax credit is calculated, before the possible income-based reduction, on the basis of a rate of 15% applied to the amount by which eligible work income exceeds $5,000, up to the applicable limit.
    
    The tax legislation and regulations will be amended so that, as of the 2023 taxation year, the tax credit will continue to be calculated on the basis of the rate applicable to the first taxable income bracket of the personal income tax table, such that the 15% rate will be replaced by a 14% rate.
  5. Economic update, December 8, 2022: Abolition of the refundable tax credit for seniors' activities
    
    The refundable tax credit for seniors' activities will be abolished in respect of registration or membership fees paid after December 31, 2022.
6. Ontario
  1. Political contribution tax credit: How is the amount calculated?
    
    The amount of credit depends on how much the taxpayer gives. The rate is:
    - 75 per cent on the first $465 of donations in 2023
    - 50 per cent on the portion of your donation between $465 and $1,552 in 2023
    - 33.33 per cent on the portion between $1,552 and $3,532 in 2023.
7. Manitoba
  1. Enhancement of the Basic Personal Amount
    
    Budget 2023 announces the largest ever enhancement to the Basic Personal Amount. Effective for the 2023 tax year, the Basic Personal Amount will be increased to $15,000.
  2. Mineral Exploration Tax Credit made permanent
    
    The Mineral Exploration Tax Credit, scheduled to expire on Dec. 31, 2023, is made permanent. This credit supports Manitobans who invest in flow-through shares of qualifying mineral exploration companies engaged in mineral exploration in Manitoba and is equal to 30 per cent of investments in flow-through shares.
  3. Green Energy Equipment Tax Credit made permanent
    
    The Green Energy Equipment Tax Credit, scheduled to expire on Jun. 30, 2023, is made permanent. This credit supports the production and purchase of machinery and equipment used to generate renewable energy in Manitoba.
  4. Amendments to Manitoba's Income Tax Act respecting the federal Critical Mineral Exploration Tax Credit
    
    As a result of changes to the Canada Income Tax Act establishing a new Critical Mineral Exploration Tax Credit respecting critical minerals (which includes copper, nickel, lithium, cobalt, graphite, rare earth elements, scandium, titanium, gallium, vanadium, tellurium, magnesium, zinc, platinum group metal and uranium), minor amendments to Manitoba's Income Tax Act are required to ensure that exploration expenses related to critical minerals continue to be eligible for Manitoba's Mineral Exploration Tax Credit.
8. Saskatchewan
  1. Increase of the Saskatchewan Mineral Exploration Tax Credit
    
    The Saskatchewan Mineral Exploration Tax Credit has been increased from 10 to 30 per cent to attract mineral exploration investment in Saskatchewan.
9. Alberta
  1. Increase of the Alberta Child and Family Benefit Amount
    
    As part of the Alberta Affordability Action plan to combat the effects of inflation and rising costs of living, the Alberta Child and Family Benefit (ACFB) payments are increasing by 6% in 2023 as follows:
    - $1,330 up to $1,450 - one child
    - $1,995 up to $2,193 - 2 children
    - $2,660 up to $2,920 - 3 children
    - $3,325 up to $3,632 - 4 or more children
  2. Increase in the Charitable Donations Tax Credit
    
    Bill 202, the Alberta Personal Income Tax (Charitable and Other Gifts) Amendment Act, 2022 was passed by the Legislative Assembly in December 2022. The Bill increases the charitable donations tax credit rate on the first $200 of contributions from 10 per cent to 60 per cent, encouraging more Albertans to contribute to charitable causes. This change will come into effect for 2023 and will provide an additional $56 million in tax savings to Albertans in 2023-24.
  3. Increase in the Alberta non-refundable Adoption Expense Tax Credit
    
    The Alberta non-refundable adoption expense tax credit for 2023 will be increased to $18,210 to match the federal threshold. Indexation in future years will be at the Alberta indexation rate.
  4. Alberta Guide 2022: Deadline for qualifying political contributions
    
    Contributions to nomination contestants made after March 30, 2022, will no longer qualify for the Political Contributions Tax Credit.
10. British Columbia
  1. New Renter's Tax Credit
    
    This new income-tested credit will put as much as $400 back into the pockets of low- and moderate-income renters. This measure is expected to benefit more than 80% of renters across British Columbia.
  2. Increase of the BC Family Benefit
    
    This year's budget delivers an important and permanent lift to the BC Family Benefit - a 10% increase. Now, parents will receive up to $1,750 for the first child, $1,100 for the second and $900 for the third. For a family with two children, the extra $250 per year can help buy healthy food, pay bills and enrol children in extracurricular activities. On top of the 10% increase, single parents will get as much as an extra $500 a year.
  3. Expansion of the Climate Action Tax Credit
    
    The Climate Action Tax Credit will be expanded to help people with low and moderate incomes offset the carbon tax, which increases in April 2023 to meet federal requirements as part of BC's transition to a low-carbon future. A significant majority of people are projected to receive more through the enhanced credit than they pay in increased carbon tax by 2030. Payments are higher for people with lower income. Prior to the increase, a four-person family could receive a maximum of $500 a year. Starting July 2023, the same family could receive a maximum of $900.
  4. Extension of the Farmers' Food Donation Tax Credit
    
    The Farmers' Food Donation Tax Credit is extended for three years to the end of 2026 to continue encouraging farmers and farming corporations to donate agricultural products produced in British Columbia to registered charities, such as food banks and school meal programs.
11. Yukon
  1. Increase of the Personal Amount
    
    The personal amount is increased both federally and for Yukon. For 2023, the amount will be increased from $13,521 to $15,000 for taxpayers with net income (line 23600) of $165,430 or less. For incomes above this threshold, the additional amount of $1,479 is reduced until it becomes zero at a net income of $235,675.
12. Nunavut
  1. Introduction of the Nunavut Carbon Tax Credit
    
    A new refundable Nunavut Carbon Tax Credit was introduced by the Government of Nunavut in 2023 to replace the Nunavut Carbon Rebate that was offering a direct 50% at-the-pump discount of the carbon tax. The new income tax credit will offer direct payments every three months starting July 2023 to offset higher fuel costs.
Notes
1. Deceased or bankrupt taxpayers
  
  Although the tax planner might not be appropriate to prepare 2023 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 2023 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 2023 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 2022 or 2023. Even though the system's calculation engine is calibrated for tax year 2023, only a complete paper certification process (performed in the fall) allows the preparers to use the 2023 prescribed forms.
  2. Federal
    
    On all federal forms, the year is changed to 2023.
New forms
In-house forms
- EFILE - Notes and diagnostics
  
  In order to facilitate EFILE eligibility, all EFILE-related notes and diagnostics have been moved from the in-house Notes and diagnostics form to our new EFILE - Notes and diagnostics form.
Revised forms
Federal
- T657 - Calculation of Capital Gains Deduction for 2023
  
  The $485,595 deduction for 2023 was added.
- ON479 - Ontario Credits
  The following tax credits were abolished for 2023:
  - Ontario Seniors' Home Safety Tax Credit
  - Ontario Jobs Training Tax Credit
  - Ontario Staycation Tax Credit
Quebec
- TP-726.7 - Capital Gains Deduction on Qualified Property
  
  The $485,595 deduction for 2023 was added.
- Work Charts
  
  Following the abolition of the refundable tax credit for seniors' activities in respect of registration or membership fees paid after December 31, 2022, this credit has been deleted from the form.
In-house
- Estimated Old Age Security (OAS) Payments (Amount effective January 2023)
  
  New amounts for the second quarter (April-June 2023).
- Capital gains (losses) history and capital gains deductions history (Federal)
  
  Year 2022 added.
- Capital gains (losses) history and capital gains deductions history (Quebec)
  
  Year 2022 added.
New diagnostics
1. Error prevention report
  Federal
  1. T845 Residential property flipping rule
    
    Warning
    
    You have a disposition of "real estate, depreciable property, and other properties" or a "personal-use property" that has been held for less than 12 months. Beginning with the 2023 tax year, profits resulting from the disposition of real estate (including rental property) that has been held for less than 12 months are considered business income.
    
    The flipped property is deemed to be inventory in the taxpayer's business. The flipped property is deemed not to be a capital property of the taxpayer. Because of the deeming of the property as inventory, and not a capital property, the principal residence exemption does not apply for these dispositions.
    
    There are exceptions to this rule:
    - Death: a disposition due to, or in anticipation of, the death of the taxpayer or a related person.
    - Household addition: a disposition due to, or in anticipation of, a related person joining the taxpayer's household or the taxpayer joining a related person's household.
    - Separation: a disposition due to the breakdown of a marriage or common-law partnership, where the taxpayer has been living separate and apart from their spouse or common-law partner because of a breakdown in the relationship for a period of at least 90 days.
    - Personal safety: a disposition due to a threat to the personal safety of the taxpayer or a related person, such as the threat of domestic violence.
    - Disability or illness: a disposition due to a taxpayer or a related person suffering from a serious disability or illness.
    - Employment change: a disposition for the taxpayer or their spouse or common-law partner to work at a new location or due to an involuntary termination of employment. In the case of work at a new location, the taxpayer's new home must be at least 40 kilometres closer to the new work location (eligible relocation).
    - An involuntary termination of the employment of the taxpayer or the taxpayer's spouse or common-law partner.
    - Insolvency: a disposition due to insolvency or to avoid insolvency.
    - Involuntary disposition: a disposition against someone's will.
    This rule does not apply to a capital loss on a flipped property. You also cannot create a business loss through an inventory loss on a flipped property.
    
    If you are affected by the new rules, please enter the disposition in the Business group as business income.
  Quebec
  1. T2245 Residential property flipping rule
    
    Warning
    
    You have a disposition of "real estate, depreciable property, and other properties" or a "personal-use property" that has been held for less than 12 months. Beginning with the 2023 tax year, profits resulting from the disposition of real estate (including rental property) that has been held for less than 12 months are considered business income.
    
    The flipped property is deemed to be inventory in the taxpayer's business. The flipped property is deemed not to be a capital property of the taxpayer. Because of the deeming of the property as inventory, and not a capital property, the principal residence exemption does not apply for these dispositions.
    
    There are exceptions to this rule:
    - Death: a disposition due to, or in anticipation of, the death of the taxpayer or a related person.
    - Household addition: a disposition due to, or in anticipation of, a related person joining the taxpayer's household or the taxpayer joining a related person's household.
    - Separation: a disposition due to the breakdown of a marriage or common-law partnership, where the taxpayer has been living separate and apart from their spouse or common-law partner because of a breakdown in the relationship for a period of at least 90 days.
    - Personal safety: a disposition due to a threat to the personal safety of the taxpayer or a related person, such as the threat of domestic violence.
    - Disability or illness: a disposition due to a taxpayer or a related person suffering from a serious disability or illness.
    - Employment change: a disposition for the taxpayer or their spouse or common-law partner to work at a new location or due to an involuntary termination of employment. In the case of work at a new location, the taxpayer's new home must be at least 40 kilometres closer to the new work location (eligible relocation).
    - An involuntary termination of the employment of the taxpayer or the taxpayer's spouse or common-law partner.
    - Insolvency: a disposition due to insolvency or to avoid insolvency.
    - Involuntary disposition: a disposition against someone's will.
    This rule does not apply to a capital loss on a flipped property. You also cannot create a business loss through an inventory loss on a flipped property.
    
    If you are affected by the new rules, please enter the disposition in the Business group as business income.
New keywords
1. In the Business group, pertaining to capital gains deduction:
  1. DIEP-Asset : Is this an eligible property for which immediate expensing was used? (Yes/No)
    
    Use the keyword DIEP-Asset to specify if this is an eligible property for which immediate expensing was used.
    
    When immediate expensing was introduced in Budget 2019 for zero-emission vehicles, the associated CCA Class (Class 54) included a special recapture rule in order to address the potential for excessive CCA deductions while also recognizing the impact of the capital cost limit on allowable deductions. Given the recently proposed immediate expensing measure, a parallel change for passenger vehicles included in Class 10.1 will be introduced where the vehicle has been designated for immediate expensing.
    
    Specifically, a special rule would apply to adjust the proceeds of disposition to be deducted from the undepreciated capital cost of the property on the disposition of such a vehicle. Under this rule, the proceeds of disposition would be adjusted based on a factor equal to the capital cost limit ($34,000, for vehicles acquired on or after January 1, 2022) as a proportion of the actual cost of the vehicle. Where the vehicle is not designated for immediate expensing treatment, the ordinary CCA and recapture rules for Class 10.1 property would continue to apply.
New options
1. For the keyword Hist-2yr-Contrib in the keyword group RRSP pertaining to Form T2205:
  
  Year 2023
  
  Please note that for the 2023 option, only RRSP contributions made by the contributing spouse in the first 60 days of 2023 should be entered.

DT Max T2

Program certification

Federal

For DT Max T2 version 26.30, 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, 2023, under the DT46 stamp.

In addition, this new version of DT Max T2 has 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

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 DT46 stamp.
Version highlights
1. T2 Corporation Income Tax Return (Schedule 200): Professional representative number
  
  On page 9, new line 925 has been added referring to the tax preparer representative ID (RepID). This information can be entered by accessing the Preferences menu > Identification tab > Identification numbers. Enter a 7 alphanumeric value for the federal RepID. If a 7 alphanumeric RepID has not been entered, no entry will be made on line 925 of Schedule 200.
  
  The representative number will also be transmitted electronically with Forms T106, T1134, and T1135.
2. AT1 Filing Exemption Checklist
  
  This new form has replaced the former AT100, Preparing and Filing the Alberta Corporate Income Tax Return - AT1 and Schedules, which has been discontinued.
  
  Just like the old AT100, this form is a checklist to determine if the corporation is exempt from filing the Alberta return for the current year.
  
  The criteria regarding the Alberta SR&ED tax credit and the interactive digital media tax credit have been removed since they no longer apply. The film and television tax credit has been added to the checklist.
  
  The Alberta TRA would like to remind users that the old Form AT100 or the filing exemption checklist should not be submitted to them.
3. AT1 Schedule 13: Immediate expensing incentive
  
  The form has been updated by the Alberta TRA to reflect the immediate expensing incentive, as first announced in the 2021 federal budget.
  
  If an eligible person or partnership (EPOP) is a Canadian-controlled private corporation, property can qualify as designated immediate expensing property (DIEP) if, among other conditions, it is acquired after April 18, 2021. The following part has been changed:
  
  The following line was added:
  - Line 125 for the immediate expensing limit allocated to the corporation as reported on line 125 of federal Schedule 8.
  The following columns were added:
  - Column 4 (line 39) for the cost of acquisitions that are DIEP;
  - Column 9 (line 41) for the proceeds of dispositions of the DIEP;
  - Column 11 (line 43) for the UCC of the DIEP;
  - Column 12 (line 45) for the immediate expensing;
  - Column 13 for the cost of acquisition on the remainder of the class;
  - Column 15 for the remaining UCC.
4. Automobile deduction limits and expense benefit rates: Message from government authorities
  
  On December 16, 2022, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2023.
  
  The following changes will be taking effect as of January 1, 2023:
  - The ceiling for capital cost allowances (CCA) for Class 54 zero-emission passenger vehicles will be increased from $59,000 to $61,000, before tax, in respect of vehicles (new and used) acquired on or after January 1, 2023.
  - The ceiling for CCA for Class 10.1 passenger vehicles will be increased from $34,000 to $36,000, before tax, in respect of vehicles (new and used) acquired on or after January 1, 2023.
  - Deductible leasing costs will be increased from $900 to $950 per month, before tax, for new leases entered into.
  We have been notified by the CRA and RQ that the above changes cannot be implemented within the software at this time.
5. RELATEDPARTY keyword group: Importing client information
  
  If the new federal Schedule 311 applies, the new keyword Green-Tech-NL will be displayed within the RelatedParty group if you choose to automatically import client information concerning a related party from the current DT Max T2 client list by using the keyword DTMax-ImportClient within the RelatedParty group.
New forms
Federal
- Schedule 310 - Newfoundland and Labrador Manufacturing and Processing Investment Tax Credit (2022 and later tax years)
  
  Effective April 7, 2022, a new 10% manufacturing and processing investment tax credit is introduced to encourage the manufacturing and production, fishery, farming and forestry sectors to invest in capital equipment located in and for use in a business operated in the province. The credit is calculated based on the corporation's capital cost of eligible property.
  
  In the case of a Canadian-controlled private corporation, up to 40% of the credit is refundable. You can carry unused credits back to the 3 previous tax years or forward to the 20 following tax years. The unused credits cannot be applied to a tax year that ends before April 7, 2022.
  
  Use the keyword ProvITCExp with the option "M & P equipment ITC - Newfoundland & Labrador" within the applicable CCA-Class group in order to indicate that the property is eligible for this credit.
  
  Note that the information on this schedule is not captured for barcode nor efile purposes.
- Schedule 311 - Newfoundland and Labrador Green Technology Tax Credit (2022 and later tax years)
  
  Effective April 7, 2022, a new 20% green technology tax credit is introduced for Canadian-controlled private corporations (CCPCs) that invest in equipment for green activities, such as energy conservation, clean energy generation, and efficient use of fossil fuels, if the equipment is located in, and for use in a business operated in, the province. Property that is eligible to be included consists only of Classes 43.1 or 43.2.
  
  The maximum credit is $1 million annually, of which 40% is refundable. You can carry unused credits back to the 3 previous tax years or forward to the 20 following tax years. The unused credits cannot be applied to a tax year that ends before April 7, 2022.
  
  Use the keyword ProvITCExp option "Green tech. tax credit - Newfoundland & Labrador" within the applicable CCA-Class group in order to indicate that the property is eligible for this credit.
  
  Note that the information on this schedule is not captured for barcode nor efile purposes.
- Schedule 432 - Additional Certificate Numbers for the British Columbia Clean Buildings Tax Credit (2022 and later tax years)
  
  This is a brand-new form from the CRA.
  
  Use this schedule if you have more than one certificate number for the British Columbia clean buildings tax credit that you can claim for the tax year.
- T1441 - Qualifying Disbursements: Grants to Non-Qualified Donees (Grantees)
  
  This is a new form relating to the T3010, Registered Charity Information Return.
  
  Registered charities may make qualifying disbursements by way of grants to non-qualified donees (grantees) that meet accountability requirements under the Income Tax Act. Enter the required information for grants totalling more than $5,000 in the fiscal period to each non-qualified donee.
  
  The keyword Grantee with the option "Grant to grantee totalling more than $5,000" when the Grants keyword option "Yes" has been selected within the CharityReturn group will allow you to generate this new form if it applies.
Alberta
- AT1 Filing Exemption Checklist
Revised forms
Federal
- T2 Corporation Income Tax Return (2022 and later tax years)
  
  A new functional currency has been added for line 79 on page 1. The Japanese yen can now be chosen with the keyword Funct-Currency within the keyword Jurisdiction with the option "Federal".
- Schedule 200 Summary for 2023 taxation year (Federal 5-year summary)
  
  This form has been revised for tax year 2023.
- Schedule 5 - Tax Calculation Supplementary - Corporations (2023 and later tax years)
  This form has been updated:
  - In the British Columbia section, line 884 has been added to reflect the Certificate number pertaining to the British Columbia clean buildings tax credit. Please note that the certificate number is displayed on line 884 if there is only one certificate number. If there is more than one certificate number, they will be displayed on Schedule 432, Additional Certificate Numbers for the British Columbia Clean Buildings Tax Credit.
  - In the Yukon section, line 696 has been added to reflect the Yukon mining business carbon price rebate from Schedule 444.
- Schedule 141 - General Index of Financial Information (GIFI) - Additional Information (2021 and later tax years)
  This form has been updated by CRA and significant changes have been made.
  
  In Part 1 - Information on the person primarily involved with the financial information:
  
  The question for line 111 has been changed to Can you identify the person specified in the heading of Part 1? This question is answered with the new keyword ID-Person-FinInfo within the GIFI-Form subgroup (option "141 Notes checklist") of the GIFI group.
  
  Please note that with the previous version, Part 2 and 3 could not be completed unless the question for line 111 was answered with Yes. With this version, Part 2 and 3 can be completed regardless of whether line 111 is answered Yes or No.
  
  In Part 2 - Type of involvement:
  These options regarding involvement have been added:
  
  Provided accounting services
  
  Provided bookkeeping services
  
  Other (specify)
  
  Please note that in the previous version only one option could be selected. With this version multiple options can be selected. Also, if you had chosen the option "Other" in a previous version, you will now be required to specify the type of involvement.
  In Part 5 - Information on the person who prepared the T2 return:
  The following options have been added:
  
  312 Prof. design. who prepared return (client provided TB)
  
  313 Prof. design. who prepared return (client provided G/L)
  
  314 Prof. design. who prepared return - other (specify)
  We strongly suggest that you verify the data entry and adjust accordingly.
- Schedule 430 - British Columbia Shipbuilding and Ship Repair Industry Tax Credit (2019 and later tax years)
  
  This form has been revised for tax year 2023.
- Schedule 444 - Yukon Business Carbon Price Rebate (2023 and later tax years)
  
  This form has been revised by the CRA.
  
  Part 1 - Eligible Yukon mining UCC for eligible Yukon mining asset, Part 2 - Eligible Yukon mining UCC allocated from partnerships and Part 3 - Yukon mining business carbon price rebate are completely new.
  
  The Yukon mining business carbon price rebate is a refundable tax credit equal to the amount of the mining business rebate factor for the financial year in which the tax year ends multiplied by the eligible Yukon mining undepreciated capital cost (UCC) to the taxpayer as of the end of the tax year.
  
  Within the applicable CCA-Class group, use the keyword Mining-CarbonReb and select "Yes" or use the keyword ProvCr-Alloc and select "Elig. mining UCC allocation from partnership - Sch. 444" if you wish to complete these sections of the form.
- T1134 - Information Return Relating To Controlled and Non-Controlled Foreign Affiliates (2021 and later tax years)
  
  Calculation changes were made for the question If an election has been made to use functional currency, state the alphabetic currency code of the functional currency on page 1 of the return.
  
  If this question applies, use the keyword Elect-Currency within the Foreign-Info group. The question no longer uses the keyword Funct-Currency within the Jurisdiction group. Please verify the data entry and adjust accordingly. If the keyword Elect-Currency had already been used, then no action is necessary.
- T1135 - Foreign Income Verification Statement
  
  Calculation changes were made for the question If an election has been made to use functional currency, state the elected functional currency code on page 1 of the form.
  
  If this question applies, use the keyword Elect-Currency within the Foreign-Info group. The question no longer uses the keyword Funct-Currency within the Jurisdiction group. Please verify the data entry and adjust accordingly. If the keyword Elect-Currency had already been used, then no action is necessary.
- T3010 - Registered Charity Information Return
  
  This return has been updated by the CRA.
  
  In Section C: Programs and general information, lines 5840, 5841, 5842 and 5843 were added relating to qualifying disbursements by way of grants to non-qualified donees (grantees).
  
  The keyword Grants within the CharityReturn group allows you to enter information regarding these above lines.
  
  In Section D and Schedule 6 of the return, new line 5045 for total grants made to non-qualified donees has been added for expenditures.
- AgriStability and AgriInvest - 2023 Statement A - Corporation/Co-operative and Special Individual
  
  The 2023 Statement A - Corporation/Co-operative and Special Individual form is now available with this version of DT Max T2.
  
  Two new lines have been added on page 1 of this form. A cellphone number can now be entered under the Participant identification section of the form. In addition, a cellphone number can be entered under the Contact person information of the form.
  
  Northwest Territories has also been added for the keyword Farmstead within the Agri-Program group. This will generate the form if you farm in the Northwest Territories.
- AgriStability and AgriInvest Additional Information and Adjustment Request
  
  N.B.: No calculation support is available for this form.
Quebec
- CO-156.EN - Agreement Concerning Regional Limits Respecting the Additional Deduction for Transportation Costs of Small and Medium-Sized Manufacturing Businesses
- CO-156.TR - Additional Deduction for Transportation Costs of Small and Medium-Sized Manufacturing Businesses
- CO-726.PF - Income-Averaging Deduction for Forest Producers
- MR-93.1.1 - Notice of Objection
  
  This form has been revised for tax year 2023.
Alberta
- AT1 Alberta Corporate Income Tax Return - AT1 for 2004 and Subsequent Taxation Years
  
  This form has been revised for tax year 2023.
- AT1 Summary for 2023 taxation year (5-year summary)
  
  This form has been revised for tax year 2023.
- AT1 Schedule 1 - Alberta Small Business Deduction
  
  This form has now been updated by Alberta's Tax and Revenue Administration (TRA) to reflect the increase of the upper limit of taxable capital from $15 million to $50 million for tax years that start after April 6, 2022.
- AT1 Schedule 13 - Alberta Capital Cost Allowance (CCA)
In-house forms
- Carryforward Schedule (Multiple Jurisdictions)
  In the Newfoundland and Labrador - Carryforwards section of the form, two new lines have been added:
  - a line for the Manufacturing and Processing Tax Credit due to the addition of new federal Schedule 310;
  - a line for the Green Technology Tax Credit due to the addition of new federal Schedule 311.
- Charity assembly instructions
New keywords
1. In the GIFI-Form subgroup within the GIFI group, pertaining to federal Schedule 141:
  1. ID-Person-FinInfo : Whether or not you can identify person primarily involved with financial information (more than 50%)
    
    Use the keyword ID-Person-FinInfo to indicate whether or not you can identify the person primarily involved with financial information.
    
    A person primarily involved with the financial information is a person who has more than a 50% involvement in preparing the financial information that the T2 return is based on. For example, if three persons prepared the financial information by doing respectively 30%, 30%, and 40% of the work, answer no at line 111. If they did respectively 10%, 20%, and 70% of the work, answer yes at line 111 and complete Part 1 by referring only to the third person.
2. In the CharityReturn group, pertaining to the federal T3010 return:
  1. Grants : Whether charity made qualifying disbursements by way of grants to non-qualified donees (grantees)
    
    Use the keyword Grants to indicate whether or not the registered charity made qualifying disbursements by way of grants to non-qualified donees (grantees) in the fiscal period.
  2. Grantee : Grants made to grantees
    
    Use the keyword Grantee to enter information regarding grantees that received grants.
  3. Num-Grantees : Number of grantees that received grants totalling $5,000 or less
    
    Use the keyword Num-Grantees to enter the total number of grantees that received grants totalling $5,000 or less in the fiscal period.
  4. Total-Amt-Grants : Total amount paid to grantees that received grants totalling $5,000 or less
    
    Use the keyword Total-Amt-Grants to enter the total amount paid to grantees that received grants totalling $5,000 or less in the fiscal period.
  5. Name-Grantee : Name of non-qualified donee (grantee) that received the grant.
    
    Use the keyword Name-Grantee to enter the full name of the non-qualified donee (grantee) that received a grant.
    
    If the charity made several grants to the same grantee, repeat the name of the grantee as many times as needed and report each grant individually.
  6. Purpose : Description of the purpose of the grant
    
    Use the keyword Purpose to describe the charitable purpose of the grant.
  7. Disburse-Amt : Amount of non-cash or cash disbursements
    
    Use the keyword Disburse-Amt to enter the amount of non-cash and cash disbursements made to the grantee.
  8. Country-Act : Country where grant activities were carried on, if outside Canada
    
    If outside Canada, use the keyword Country-Act to specify the country where the grant activities were carried on.
3. In the CCA-Class group, pertaining to federal Schedule 444:
  1. Mining-CarbonReb : Eligible for the Yukon mining business carbon price rebate? (Schedule 444)
    
    Use the keyword Mining-CarbonReb to indicate if the asset is eligible for the Yukon mining business carbon price rebate for mining businesses.
  2. Quartz-Mining : Does the mining business carry on a specified quartz mining business? (Schedule 444)
    
    Use the keyword Quartz-Mining to indicate if the mining business carries on a specified quartz mining business.
4. In the RelatedParty group, pertaining to the new federal Schedule 311:
  1. Green-Tech-NL : Percentage allocation of Newfoundland and Labrador green technology tax credit limit (Schedule 311)
    
    For purposes of federal Schedule 311, corporations that are members of a group of associated corporations must agree to share the green technology tax credit limit on a percentage basis.
    
    Use the keyword Green-Tech-NL to enter the percentage of the tax credit limit assigned to the associated corporation according to the agreement under subparagraph 41.2(2)(b)(ii).
5. Pertaining to the AgriStabilty/AgriInvest programs:
  1. Cellphone : Cellphone number for purposes of AgriStabilty/AgriInvest programs
    
    This is the corporation's cellphone number for purposes of the AgriStabilty and AgriInvest programs.
    
    Use PrintPhone to override your user default if you want/do not want phone numbers to be printed for this corporation.
  2. Cellphone-Num : Cellphone number
    
    Enter the cellphone number.
Revised keywords
1. Pertaining to the AT1 Alberta Corporate Income Tax Return:
  1. Alb-TaxCr : Alberta other tax deductions and credits
    
    Use the keyword Alb-TaxCr to enter information relating to the Alberta investor tax credit (AITC), the Community economic development corporation tax credit (CEDC), the Alberta capital investment tax credit (CITC), the Alberta qualifying environmental trust tax credit (QET) or the Alberta Film and Television tax credit (FTTC).
    
    The AITC offers a 30% tax credit for investments made in eligible Alberta businesses by corporations. The AITC is available for investments in "non-traditional" sectors of Alberta's economy. In particular, it is aimed at small Alberta businesses substantially engaged (at least 50% of the business activities) in eligible business activities such as tourism activities, research, development and commercialization of proprietary technologies, development of interactive digital media in Alberta and post-production, visual effects and digital animation.
    
    The CEDC tax credit offers a 30% tax credit for investments in shares in a Community economic development corporation (CEDC) that has registered with the program. The CEDC will then provide capital to Eligible Community Businesses that are undertaking initiatives to develop and grow their rural economy or address a social challenge in their community.
    
    The CITC provides a non-refundable tax credit valued at 10 per cent of a corporation's eligible capital expenditures, up to $5 million per year. The CITC encourages companies to make timely investments by returning a percentage of the company's capital costs on expenditures such as the purchase of machinery, equipment and buildings.
    
    The Alberta qualifying environmental trust (QET) tax credit can be claimed by a corporation that is a beneficiary of a QET. The corporation can claim a credit equal to the amount of Alberta tax paid by the QET on the corporation's share of the QET's income.
    
    The FTTC offers a refundable Alberta tax credit certificate on eligible Alberta production and labour costs to corporations that produce films, television series and other eligible screen-based productions in the province. Applicants may apply for either a 22% or 30% tax credit rate.
Deleted keywords
1. From the GIFI-Form subgroup within the GIFI GROUP, pertaining to federal Schedule 141:
  
  FS-prepared: Were financial statements prepared?
2. From the Alb-TaxCr group, pertaining to the AT1 Alberta Corporate Income Tax Return:
  
  Cert#.a: Enter the tax certificate number
New options
1. For the keyword Checklist , pertaining to federal Schedule 141:
  
  Provided accounting services
  Provided bookkeeping services
2. For the keyword GIFI-Other , pertaining to federal Schedule 141:
  
  312 Prof. design. who prepared return (client provided TB)
  313 Prof. design. who prepared return (client provided G/L)
  314 Prof. design. who prepared return - other (specify)
3. For the keyword Alb-TaxCr , pertaining to the AT1 Alberta Corporate Income Tax Return:
  
  FTTC tax credit
4. For the keyword Funct-Currency in the Jurisdiction group, pertaining to the T2 Corporation Income Tax Return (Schedule 200):
  
  JPY - for Japanese yen
5. For the keyword Expenditures.c in the CharityReturn group, pertaining to the federal T3010 return:
  
  Grants to non-qualified donees
6. For the new keyword Grantee , pertaining to the federal T3010 return:
  
  Grant to grantee totalling $5,000 or less
  Grant to grantee totalling more than $5,000
7. For the new keyword Disburse-Amt , pertaining to the federal T3010 return:
  
  Non-cash disbursements
  Cash disbursements
8. For the keyword ProvCr-Alloc within the CCA-Class group, pertaining to federal Schedule 444:
  
  Elig. mining UCC allocation from partnership - Sch. 444
9. For the keyword ProvCreditOV , pertaining to federal Schedule 444:
  
  Mining business carbon price rebate - Yukon
10. For the keywords ProvITCExp , ProvITC-CF , ProvITC-OV and ProvITC-CB , pertaining to federal Schedule 311:
  
  Green tech. tax credit - Newfoundland & Labrador
  M & P equipment ITC - Newfoundland & Labrador
Revised options
1. For the keyword Checklist , pertaining to federal Schedule 141:
  
  Other (specify)
2. For the keyword GIFI-Other , pertaining to federal Schedule 141:
  
  104 Corporation had subsequent events
  105 Corporation re-evaluated assets during tax year
  106 Corporation had contingent liabilities during tax year
  107 Corporation had commitments during tax year
  108 Corporation had investments in JV or partnership
  310 Prof. design. who prepared return & financial info.
  311 Prof. design. who prepared return (client provided F/S)
3. For the keyword Level.c within the Employment group, pertaining to federal Schedule 430:
  
  Completion of level 4
Deleted options
1. From the keyword Alb-TaxCr , pertaining to the AT1 Alberta Corporate Income Tax Return:
  
  Interactive digital media tax credit
2. From the keyword E-Signature , pertaining to federal Forms T106, T1134 and T1135:
  
  T106 - Non-arm's length transactions with non-residents
  T1134 - Information return relating to foreign affiliates
  T1135 - Foreign income verification statement
3. From the keyword ProvCreditOV , pertaining to federal Schedule 5:
  
  Green tech. tax credit - NFLD &Lab.(non-refundable)
  Green tech. tax credit - Newfoundland & Labrador
  M & P equipment ITC - NFLD &Lab.(non-refundable)
  M & P equipment ITC - Newfoundland & Labrador

DT Max T3

Version highlights
1. 2023 federal and provincial tax calculation forms
  
  All federal and provincial tax calculation forms have been updated to reflect the 2023 tax brackets and rates.
  
  Quebec
  
  In the Budget Speech of March 21, 2023, the Minister of Finance announced a general income tax cut. As of 2023, the tax rates for the first two taxable income brackets have decreased from:
  - 15% to 14% for taxable income up to $49,275;
  - 20% to 19% for taxable income over $49,275 but not more than $98,540.
  Alternative minimum tax requires taxable income to be recalculated. Adjusted taxable income, minus the basic exemption of $40,000, is subject to a flat tax rate of 15%. So that the flat tax rate for the purpose of calculating alternative minimum tax continues to be the rate applicable to the first taxable income bracket, the rate of 15% will be lowered to a rate of 14% for the 2023 taxation year and onwards.
  
  Alberta
  
  The donation tax credit rate for the first $200 of charitable donations has increased from 10% to 60% effective retroactively from January 1, 2023.
  
  New Brunswick
  
  In order to comply with the new reductions to the income tax for New Brunswick, the fourth tax bracket has been eliminated and rates have been modified.
  
  Manitoba
  
  Based on Manitoba's budget 2023-2024, the tax bracket thresholds have been increased to $47,000 and $100,000 for the 2024 tax year, while the income tax rates remain the same.
2. Client suggestions implemented in version 26.30
  1. Allocation of deemed disposition income
    
    Once it has been established that the trust can allocate or designate its deemed dispositions, a new keyword, Deem-Inc-Alloc , has been added for the user to identify the type of deemed disposition to be allocated to the beneficiaries.
  2. T3QDT - Electing beneficiary legal representative
    
    The new keyword Legal-Rep-Name.qdt has been added to the Beneficiary group for any electing beneficiaries that require the signature of the legal representative on federal Form T3QDT.
3. Known issue fixed in version 26.30
  1. Graduated rate estate election (losses) - 164(6) Election
    
    The trust account number was incorrectly displayed. The last 2 digits of the number were missing from the form. This issue has been corrected in version 26.30 for 2023 onward.
New forms
In-house forms
- Memo Indicators - Federal (efile)
  
  Specific information is required to electronically file the T3 trust return which cannot be ascertained from the return itself. This new form will capture any information necessary concerning certain elections, agreements and waivers.
  
  The information on this form will be used only for efile purposes and will not affect any changes to the T3 trust return. It also does not constitute an election. It is designed simply to inform the CRA that an election, a letter or a note containing the required information will be submitted in paper format or through the Submit documents online service.
Revised forms
Federal

The tax calculation forms below have been modified to reflect the 2023 tax rates and thresholds.
- Schedule 11 - Federal Income Tax
- T3BC - British Columbia Tax
- T3MB - Manitoba Tax
- T3NB - New Brunswick Tax
- T3NL - Newfoundland and Labrador 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 for 2023 - Multiple Jurisdictions
The CRA has also updated these forms:
- AUT-01 - Authorize a Representative for Offline Access
- AUT-01.X - Cancel Authorization for a Representative
- T1175 - 2022 Farming - Calculation of Capital Cost Allowance (CCA) and Business-use-of-home Expenses
- T1229 - Statement of resource expenses and depletion allowance
Quebec
- TP-646.R - Request for an Adjustment to a Trust Income Tax Return
  
  Revenu Québec has updated this form for 2023. In Part 1, Information about the trust, two new lines have been added: a line for the Trust account number and a tick box to indicate whether Form MR-69 has been filed online.
New keywords
1. New keyword pertaining to the income allocated to a beneficiary:
  1. Deem-Inc-Alloc : Allocation or designation of deemed dispositions
    
    Use the keyword Deem-Inc-Alloc to allocate the deemed disposition of capital gains and other income to the beneficiaries according to the terms of the will or trust document.
    
    The income allocated to a beneficiary must be included in their income and deducted from the trust's income.
2. In the Trust-Type keyword subgroup within the Trust group, pertaining to the new Memo indicators - Federal (efile) in-house form:
  1. Reorganization : Whether the trust is involved in a reorganization (efile purposes only)
    
    Use the keyword Reorganization to indicate whether the trust is involved in a reorganization. If the trust is involved in a reorganization, it must provide the date of the reorganization and submit either the T1169 or an election document to the CRA.
    
    This information is required for efile purposes only.
  2. Reorg-Date : Date of reorganization (efile purposes only)
    
    Use the keyword Reorg-Date to indicate the date of the reorganization.
    
    This information is required for efile purposes only.
  3. Filing-Extension : Whether the CRA has approved a filing extension (efile purposes only)
    
    Use the keyword Filing-Extension to indicate whether the trust has been approved for a filing extension.
    
    This information is required for efile purposes only.
  4. Spousal-Election : Is the trust electing not to have the conditions of a spousal trust apply? (efile only)
    
    Use the keyword Spousal-Election to indicate whether the trust is electing not to have the conditions of a spousal trust apply.
    
    This information is required for efile purposes only.

June 20, 2023

Top products

Categories

Industries

Shop books

Shop by practice area

Blogs

News

In this version...

For all DT Max programs

Implementation of announced tax changes

2023 Planner Standard Caveat

DT Max T1

Version highlights

Federal

Tradesperson's tools expenses deduction

Residential property flipping rule

Elimination of the flow-through share regime for oil, gas and coal activities

2023 automobile deduction limits and expense benefit rates for businesses

Newfoundland and Labrador

Newfoundland and Labrador disability amount

Doubling of the Physical Activity Tax Credit

Prince Edward Island

Increasing the basic personal amount

Increasing the spousal amount

Increasing the age amount

Increasing the low-income tax reduction threshold

New Brunswick

Reduction of the personal income tax rates

Quebec

General reduction in personal income tax as of the 2023 taxation year

Decrease in the conversion rate

Increase in the amounts granted for the purpose of calculating certain personal tax credits

Reduction of the rate applicable to the calculation of the tax credit for career extension

Economic update, December 8, 2022: Abolition of the refundable tax credit for seniors' activities

Ontario

Political contribution tax credit: How is the amount calculated?

Manitoba

Enhancement of the Basic Personal Amount

Mineral Exploration Tax Credit made permanent

Green Energy Equipment Tax Credit made permanent

Amendments to Manitoba's Income Tax Act respecting the federal Critical Mineral Exploration Tax Credit

Saskatchewan

Increase of the Saskatchewan Mineral Exploration Tax Credit

Alberta

Increase of the Alberta Child and Family Benefit Amount

Increase in the Charitable Donations Tax Credit

Increase in the Alberta non-refundable Adoption Expense Tax Credit

Alberta Guide 2022: Deadline for qualifying political contributions

British Columbia

New Renter's Tax Credit

Increase of the BC Family Benefit

Expansion of the Climate Action Tax Credit

Extension of the Farmers' Food Donation Tax Credit

Yukon

Increase of the Personal Amount

Nunavut

Introduction of the Nunavut Carbon Tax Credit

Notes

Deceased or bankrupt taxpayers

Printing prescribed forms for 2023 returns

Quebec

Federal

New forms

In-house forms

Revised forms

Federal

Quebec

In-house

New diagnostics

Error prevention report

Federal

Quebec

New keywords

New options

DT Max T2

Program certification

Version highlights

T2 Corporation Income Tax Return (Schedule 200): Professional representative number

AT1 Filing Exemption Checklist

AT1 Schedule 13: Immediate expensing incentive