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Print this pageForward this document  What's new for T2 Internet version 27.15?

The latest DT Max program update is now available for downloading. It features the T2 program for fiscal periods ending from 2012 to 2024 and fully supports Corporation Internet Filing (T2, CO-17 and AT1). Installing this version will update your version of DT Max to 27.15.

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

In this version...

DT Max T2

  1. Improved Onvio performance when doing batch e-signature updates
  2. Version highlights
    1. Increase of the ceiling for CCA for passenger vehicles and zero-emission passenger vehicles
    2. AT1 Schedule 29 - Message from Alberta's TRA concerning changes to the Innovation Employment Grant (IEG) for associated corporations effective January 1, 2021
  3. New forms
  4. Revised forms
  5. Deleted forms
  6. New keywords
  7. Revised keywords
  8. Deleted keywords
  9. New options
  10. Deleted options

 

DT Max T2

  1. Improved Onvio performance when doing batch e-signature updates

    Performance has been improved when checking for recently completed Onvio e-signature requests. DT Max now checks for status changes for only those clients that have an e-signature request with a pending status when doing a batch update in the Onvio Client List window. Any clients with no e-signature requests, or requests with other statuses, are ignored.

  2. Version highlights

    1. Increase of the ceiling for CCA for passenger vehicles and zero-emission passenger vehicles

      Following the government announcement on December 16, 2022, the ceiling for CCA for zero-emission passenger vehicles will increase from $59,000 to $61,000 and the ceiling for CCA for passenger vehicles will increase from $34,000 to $36,000 effective as of January 1, 2023. These changes have been implemented on Federal Schedule 8, AT1 Schedule 13 and Quebec Form CO-130.A.

    2. AT1 Schedule 29 - Message from Alberta's TRA concerning changes to the Innovation Employment Grant (IEG) for associated corporations effective January 1, 2021

      Changes to the IEG for associated corporations effective January 1, 2021

      Bill 4, Tax Statutes Amendment Act, 2023, included amendments to correct the formula for calculating the IEG for associated corporations. Formerly, the formula resulted in an associated corporation having a higher base amount than intended, such that an associated group could increase its SR&ED spending with no group member qualifying for the additional 12 per cent. However, effective January 1, 2021, the Act has been amended to take the associated group attributes for an associated corporation into account in computing the SR&ED spending eligible for the additional 12 per cent.

      Amended IEG claims

      Because the amendments to the Act are retroactive to the beginning of the IEG program, qualified corporations that were part of an associated group at the time an IEG was claimed since January 1, 2021, may recalculate their IEG to determine if they are entitled to a higher amount than previously claimed. Until the TRA's publication and forms are updated to reflect the amendments to the Act, qualified corporations may contact Alberta's TRA for additional information and assistance.

      Please refer to the Special Notice Vol. 5 No. 65 from the Alberta Corporate Tax Act for more details.

  3. New forms

    Federal

    • Schedule 1 Supplementary - Non-deductible Automobile Expenses (leasing start after 2022)

      A new page was added for the federal in-house form for non-deductible automobile expenses for leasing start after 2022. This is to take into account the deductible leasing costs increase from $900 to $950 per month, before tax, for new leases entered into after 2022.

    Quebec

    • CO-17.A.1 Supplementary - Non-deductible Automobile Expenses (leasing start after 2022)

      A new page was added for the Quebec in-house form for non-deductible automobile expenses for leasing start after 2022. This is to take into account the deductible leasing costs increase from $900 to $950 per month, before tax, for new leases entered into after 2022.

  4. Revised forms

    Federal

    • Schedule 24 - First Time Filer after Incorporation, Amalgamation or Winding-up of a Subsidiary into a Parent (2023 and later tax years)

    • Schedule 63 - Return of Fuel Charge Proceeds to Farmers Tax Credit (2022 and later tax years)

      This form has been updated by the CRA to reflect the farmers tax credit payment rate for 2023-24.

      Parts 2, 3, 4 and 5 reflect the four new designated provinces that have been added: Newfoundland and Labrador, Prince Edward Island, Nova Scotia and New Brunswick.

      In Part 10, Return of fuel charge proceeds to farmers tax credit, new lines 150, 160, 170 and 180 calculate the tax credit for each new designated province. The payment rate for these 4 provinces for 2023 is 0.140%. Note that lines 150, 160, 170 and 180 are not transmitted to CRA for barcode and EFILE purposes at this time. For the existing provinces Ontario, Manitoba, Saskatchewan and Alberta, the payment rate for 2023 is 0.186%.

      In Part 11, Total return of fuel charge proceeds to farmers tax credit, lines 350, 360, 370 and 380 have been added for the partnership allocation for each new designated province. Once again, these 4 lines are also not transmitted for barcode and EFILE purposes at this time.

      For more information concerning the changes, consult the page Tax Credit Payment Rates to Return Fuel Charge Proceeds to Farmers for 2023-24 from the Department of Finance Canada's website.

    • Schedule 572 - Ontario Made Manufacturing Investment Tax Credit (2023 and later tax years)

      This form has been updated by the CRA.

      As a reminder, the information on this schedule is not captured for barcode nor EFILE purposes.

    • T106 - Information Return of Non-Arm's Length Transactions with Non-Residents (2022 and later tax years)

      The functional currency "JPY - for Japanese Yen" is now available for the keyword CurrencyCode within the NonRes-Trans group. Please note that if you wish to efile the T106 with this DT Max T2 version 27.15, do not select "JPY - for Japanese Yen" for the keyword CurrencyCode .

    • T1135 - Foreign Income Verification Statement

      The functional currency "JPY - for Japanese Yen" is now available for the keyword Elect-Currency within the Foreign-Info group. Please note that if you wish to efile the T1135 with this DT Max T2 version 27.15, do not select "JPY - for Japanese Yen" for the keyword Elect-Currency .

    Quebec

    • CO-1029.8.33.TE - Tax Credit to Foster the Retention of Experienced Workers

      The 2024 total payroll threshold has been updated for line 11 of the form. It is increasing from $7,200,000 to $7,500,000.

    • COZ-1179 - Logging Operations Return

      This form has been updated by Revenu Québec. However, keep in mind that an official English courtesy translation has not been provided as of yet by RQ for this version of the form.

      Part 5, Taxe à payer (Logging tax payable), is divided into 3 subparts:

      • Part 5.1, Taxe à payer avant la réduction relative à l'excédent (Logging tax payable before reduction for excess), calculates the tax payable before the reduction for excess, and the result is entered on line 77 as before.

      • Part 5.2, Excédent de la taxe à payer (Excess tax payable), determines the excess tax payable.

      • Part 5.3, Taxe à payer (Logging tax payable), allows for the calculation of the amount of tax payable for the year. It is the same calculation as before, except that the amount on line 78 has been calculated in Part 5.2.

      Part 8, Déduction pour impôt sur les opérations forestières (Deduction for tax on logging operations), allows for the calculation of the deduction for tax on logging operations which must be carried forward to line 423 of Form CO-17. The unused deduction can be carried forward to a future year.

      On line 77e, the deductible amount for the year would be determined based on the tax payable. Part 8.1 considers whether there is still any amount of tax left to deduct the excess that could not be carried on line 78.

      Part 8.2 determines which amount cannot be claimed this year but can be carried forward to a future year.

      Part 8.3 determines if there is a balance of tax that has not been used in the year and that could be used for amounts that have been carried forward from a past year. This balance is calculated in Part 8.3.1.

      A table has been added to Part 8.3.2 with amounts from past years that have been used in a past year or that can be used in the given year. Use the keyword subgroup LogTaxPay-CF within the LoggingReturn group to enter information related to this new table.

      Part 8.4 represents the total amount of the deduction that can be carried forward to line 423 of Form CO-17.

    In-house forms

    • Client letter

      Following the elimination of Quebec Form TP-1029.9, Tax Credit for Taxi Drivers or Taxi Owners, the option "TP-1029.9 - Tax credit for taxi" has been removed.

  5. Deleted forms

    Quebec

    • CO-737.SI - Deduction for Innovative Manufacturing Corporations

    • TP-1029.9 - Tax Credit for Taxi Drivers or Taxi Owners

  6. New keywords

    1. In the LoggingReturn keyword group, pertaining to Quebec Form COZ-1179:

      1. LogTaxPay-CF : End date of the previous taxation year and amount of tax payable carried forward

        Use the keyword LogTaxPay-CF to enter the end date of the previous taxation year from which a tax amount payable is carried forward as well as the tax amount payable carried forward from a past year. This refers to the amount on line 106 of Form COZ-1179 completed for the previous taxation year.

      2. Amount.l : Amount of tax payable carried forward used to reduce tax in a previous year and in the given year

        Use the keyword Amount.l to enter the amount of tax payable carried forward from the previous taxation year that has already been used to reduce the tax payable for another taxation year, as well as the portion of the excess balance that can be deducted for the given taxation year.

  7. Revised keywords

    1. In the CCA-Class keyword group, pertaining to federal Schedule 8, Quebec Form CO-130.A and Alberta AT1 Schedule 13:

      1. Addition-Car : Non-accelerated investment incentive property (AIIP) addition of car (before sales tax)

        The addition of an automobile to Class 10.1 can only be entered once since separate classes are required for Class 10.1 property.

        Enter the cost of the car excluding GST, PST and HST. The amount of GST, PST or HST paid on the cost should be entered in the keyword GSTPSTCost ($36,000 after 2022, $34,000 in 2022, $30,000 if in 2021 or before).

      2. Addition-Car-AIIP : Accelerated investment incentive property (AIIP) addition after November 20, 2018 (before sales tax)

        The accelerated investment incentive property (AIIP) addition of an automobile to Class 10.1 can only be entered once since separate classes are required for Class 10.1 property.

        Enter the cost of the car excluding GST, PST and HST. The amount of GST, PST or HST paid on the cost should be entered in the keyword GSTPSTCost ($36,000 after 2022, $34,000 in 2022, $30,000 if in 2021 or before).

        Under the Accelerated Investment Incentive, capital investments will generally be eligible for a first-year deduction for depreciation equal to up to three times the amount that would otherwise apply in the year an asset is put in use. Tripling the current first-year rate will allow businesses to recover the initial cost of their investment more quickly.

        The Accelerated Investment Incentive will apply to qualifying assets acquired after November 20, 2018. It will be gradually phased out starting in 2024, and no longer in effect for investments put in use after 2027.

      3. Addition-Car-DIEP : Designated immediate expensing property (DIEP) acquired after April 18, 2021 (before sales tax)

        The immediate expensing property (DIEP) addition of an automobile to Class 10.1 can only be entered once since separate classes are required for Class 10.1 property.

        Enter the cost of the car excluding GST, PST and HST. The amount of GST, PST or HST paid on the cost should be entered in the keyword GSTPSTCost ($ 30,000 before 2022, $ 34,000 in 2022, $ 36,000 after 2022).

        Immediate expensing is available for "eligible property" acquired by a CCPC on or after April 19, 2021, or by an individual or partnership after December 31, 2021, and that becomes available for use before January 1, 2024, up to a maximum amount of $1.5 million per taxation year. The immediate expensing would only be available for the year in which the property becomes available for use. The $1.5 million limit is shared among associated members of a group of CCPCs, individuals and partnerships. The limit is prorated for taxation years that are shorter than 365 days. The half-year rule is suspended for property for which this measure is used.

      4. Addition-AIIP.c : Addition of zero-emission passenger vehicle (before sales tax)

        Use the keyword Addition-AIIP.c to enter an addition of a zero-emission passenger vehicle that would otherwise be included in Class 10 or Class 10.1. Enter the original cost of the car excluding GST, PST and HST. For example, if the car cost $70,000 plus $10,500 HST, $70,000 should be entered for the keyword Addition-AIIP.c . The amount of GST, PST or HST paid on the allowable cost (up to a maximum of $61,000 after 2022, $59,000 in 2022, $55,000 if in 2021 or before) should be entered in the keyword GSTPSTCost.c .

        Zero-emission cars acquired after March 18, 2019, and before 2028 are eligible for an enhanced allowance in the first year the car becomes available for use.

        Rates for the First-Year Enhanced Allowance

        Year Acquired
        First-Year Allowance
        March 19, 2019 - 2023 incl.
        100%
        2024 - 2025
        75%
        2026 - 2027
        55%

      5. Addition-DIEP.c : Zero-emission passenger vehicle eligible for immediate expensing (before sales tax)

        Use the keyword Addition-DIEP.c to enter an addition of a zero-emission passenger vehicle that would otherwise be included in Class 10 or Class 10.1. Enter the original cost of the car excluding GST, PST and HST. For example, if the car cost $70,000 plus $10,500 HST, $70,000 should be entered for the keyword Addition-DIEP.c. The amount of GST, PST or HST paid on the allowable cost (up to a maximum of $55,000 before 2022, $59,000 in 2022, $61,000 after 2022) should be entered in the keyword GSTPSTCost.c .

        Zero-emission cars acquired after April 18, 2021, and before 2024 are eligible for immediate expensing.

        Immediate expensing is available for zero emission cars acquired by a CCPC on or after April 19, 2021, or by an individual or partnership after December 31, 2021, and that becomes available for use before January 1, 2024, up to a maximum amount of $1.5 million per taxation year. The immediate expensing would only be available for the year in which the property becomes available for use. The $1.5 million limit is shared among associated members of a group of CCPCs, individuals and partnerships. The limit is prorated for taxation years that are shorter than 365 days. The half-year rule is suspended for property for which this measure is used.

      6. GSTPSTCost.c : GST, PST or HST on cost of car up to prescribed amount ($61,000 after 2022, $59,000 in 2022, $55,000 before 2022)

        Use the keyword GSTPSTCost.c to enter the GST, PST or HST on the cost of the car, up to the prescribed amount of $61,000 after 2022, $59,000 in 2022, $55,000 if in 2021 or before. Enter the lesser of the taxes paid on the purchase of the car and the taxes payable on the prescribed amount of $61,000 after 2022, $59,000 in 2022, $55,000 if in 2021 or before.

        Use the keyword GSTPSTRebate.c to enter the amount of the GST, PST or HST rebate claimed on the car up to the prescribed amount of $61,000 after 2022, $59,000 in 2022, $55,000 if in 2021 or before.

      7. ACB-Info.c : Adjusted cost base of asset in class

        Both the original cost (before sales tax) and the prescribed limit are required to calculate the adjustment of proceeds when the cost exceeds the allowed cost. For a zero-emission passenger vehicle the prescribed limit is $61,000 after 2022, $59,000 in 2022 and $55,000 before 2022, plus sales taxes payable on the amount. For a Class 10.1 vehicle the prescribed limit is $36,000 after 2022, $34,000 in 2022 and $30,000 before 2022, plus sales taxes payable on the amount.

      8. GSTPSTCost : GST, PST or HST on cost of car on the allowable cost (up to $36,000 after 2022, $34,000 in 2022, $30,000 before 2022)

        The GST, PST or HST on the allowable cost (up to a maximum of $36,000 after 2022, $34,000 in 2022, $30,000 in 2021 or before) of the car is added to Class 10.1. Enter the lesser of the taxes paid on the purchase of the car and the taxes payable on a $36,000 car if acquired after 2022, $34,000 if acquired in 2022, $30,000 if acquired in 2021 or before.

        Use the keyword GSTPSTRebate , GSTPSTReb-AIIP or GSTPSTReb-DIEP to enter the amount of the GST, PST or HST rebate claimed on the vehicle.

  8. Deleted keywords

    1. From the RelatedParty group, pertaining to the deleted Quebec Form CO-737.SI:

      1. QC-SR&ED-Hist.re: Quebec research and development expenditure history of associated corporation

      2. Innovate-Mfg-Ded: Whether the associated corporation is claiming deduction for innovative manufacturing (CO-737.SI)

      3. Patent-Feature.re: Description of qualified patent feature

    2. From the Innovative-Corp group, also pertaining to the deleted Quebec Form CO-737.SI:

      1. QC-SR&ED-Hist: Quebec research and development expenditure history

      2. Date-Patent: Date of patent application and patent obtained

      3. Qualified-Prop: Description of qualified property

      4. Labour.im: Proportion of manufacturing and processing activities

      5. Patent-Feature: Description of the qualified patented feature

      6. Patent-Value: Value of qualified patented feature

      7. Patent-Number: Number of the patent

      8. ValuationMethod: Descr. of valuation method (determine increase in value that qual. patented feature adds to qual. property)

      9. NetIncome.im: Net income from sale or rental of qualified property

    3. From the deleted Taxi keyword group, pertaining to the deleted Quebec Form TP-1029.9:

      1. Taxi: Tax credit application for taxi firms or modernization of taxi fleet

      2. Partner-Info.ta: Type of relationship partnership is involved in

      3. Partner-name.ta: Partnership's name

      4. Permit: Type of taxi credit claimed by permit holder

      5. Permit-Num: Taxi owner permit number

      6. Taxi-Make: Make of taxi

      7. Serial-Number: Serial number of taxi

      8. Territory: Territory for which a taxi permit was issued

      9. Permit-AcqCost: Acquisition cost of the taxi owner's permit

      10. Other-Holder: Type of taxi credit involving other permit holder

      11. Name.ho: Name of other permit holder

      12. FirstName.ho: First name of other permit holder

      13. Corp-Name.ho: Corporation name of other permit holder, if applicable

      14. Rep-Name.ho: Representative name of other permit holder, if applicable

      15. Id-Num.ho: Identification number of other permit holder

      16. SIN.ho: Social insurance number of other permit holder

      17. Street.ho: Street of other permit holder

      18. Suite.ho: Suite number of other permit holder

      19. City.ho: City of other permit holder

      20. Province.ho: Province of other permit holder

      21. PostCode.ho: Postal code of other permit holder

      22. Permit-Num.ho: Permit number shared with other permit holder

      23. Income.taxi: Gross income from a taxi firm or from the rental of a taxi

      24. BasicAmount-OV: Basic amount calculated for the year - override

  9. New options

    1. For the keyword GrossRev-Alloc , pertaining to federal Schedule 63:

      Gross revenue attributable to Newfoundland and Labrador
      Gross revenue attributable to Prince Edward Island
      Gross revenue attributable to Nova Scotia
      Gross revenue attributable to New Brunswick

    2. For the keyword Salaries-Alloc , pertaining to federal Schedule 63:

      Salaries and wages paid in Newfoundland and Labrador
      Salaries and wages paid in Prince Edward Island
      Salaries and wages paid in Nova Scotia
      Salaries and wages paid in New Brunswick

    3. For the new keyword Amount.l in the LogTaxPay-CF keyword subgroup, pertaining to Quebec Form COZ-1179:

      Logging tax payable that reduced income tax in other year
      Logging tax payable that reduces income tax in current year

    4. For the keyword CurrencyCode in the NonRes-Trans group, pertaining to federal Form T106 and for the keyword Elect-Currency in the Foreign-Info group, pertaining to federal Form T1135:

      JPY - for Japanese yen

  10. Deleted options

    1. From the keyword Innovative-Corp , pertaining to the deleted Quebec Form CO-737.SI:

      Innovative Manufacturing Corporation deduction - CO-737.SI

    2. From the deleted keyword Date-Patent in the Innovative-Corp group, pertaining to the deleted Quebec Form CO-737.SI:

      Date of patent application
      Date patent was obtained

    3. From the deleted keyword Labour.im in the Innovative-Corp group, pertaining to the deleted Quebec Form CO-737.SI:

      Cost of labour related to M&P in Quebec
      Total cost of labour in Quebec

    4. From the keyword Letter-Data , pertaining to the client letter:

      TP-1029.9 - Tax credit for taxi

    5. From the deleted keywords Permit and Other-Holder in the deleted Taxi group, pertaining to the deleted Quebec Form TP-1029.9:

      Tax credit for taxi firm

    6. From the deleted keyword Income.taxi in the deleted Taxi group, pertaining to the deleted Quebec Form TP-1029.9:

      Gross income from taxi firm
      Gross income from taxi rental

    7. From the keyword Tax-Reduction , pertaining to Quebec Form COZ-1179:

      Carry-over of the reduction to a subsequent tax year

 

 

March 20, 2024