  Tax credits and deductions |
Use the keyword CGDiv-Paid to enter the amount of capital gains dividends paid in the period commencing 60 days after the beginning of the taxation year and ending 60 days after the end of the taxation year. Use [Alt-J] to enter different values for other jurisdictions.
 See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 218 - Capital gains refund
Line 788 - Capital gains refund
Line 808 - Provincial / territorial capital gains refund
 See the CRA's general income tax guide:
Line 788 - Federal capital gains refund
Line 808 - Provincial and territorial capital gains refund
Use the keyword RefCap-Trans to enter the refundable capital gains on hand (RCGTOH) transferred on amalgamation, (for mutual fund and investment corporations). Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword CGRedemption to enter amounts for shares, cash, debts, or other property used to determine the capital gains redemptions for the year.
The following options are applicable for the keyword CGRedemption.
Fair market value of all issued shares
All debts or other obligations owing
Cost of all property
Cash on hand
FMV of shares exchanged under subsection 131(4.1)
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Redeem-Amt to enter the amount paid to redeem shares. Use [Alt-J] to enter different values for other jurisdictions.
CGRefundPrOV, the provincial capital gains refund, is available to investment and mutual fund corporations for all provinces and territories, except Quebec. Quebec allows a deduction from taxable income to these corporations of their taxed capital gains. The Alberta capital gains refund is claimed on its respective tax return.
For Newfoundland & Labrador and Manitoba, the capital gains refund as calculated on schedule 18 cannot exceed the lesser of:
- Newfoundland & Labrador or Manitoba tax otherwise payable at lines 209 or 234 respectively, on schedule 5;
- the taxed capital gains at line 120 of schedule 18 times the Newfoundland & Labrador or Manitoba income tax rate;
- Newfoundland & Labrador or Manitoba taxable income times the Newfoundland & Labrador or Manitoba income tax rate.
The following options are applicable for the keyword CGRefundPrOV.
Use the keyword ChildCare-Spaces to enter the number of child care spaces created in a licensed child care facility.
Use the keyword ProvCr-Alloc.c to enter the child care spaces tax credit allocated to the corporation that is a member of a partnership as well as the credit deemed as a remittance of co-op corporations.
The following options are applicable for the keyword ProvCr-Alloc.c.
Credit allocated from partnership Choose this option to enter the amount of the current year tax credit earned on expenditures incurred by a partnership to which the corporation belongs.
Credit deemed as remittance of co-op
Use the keyword Credit-OV.c to override the child care spaces tax credit claimed in the current year as calculated by DT Max.
Use the keyword Clean-ITC if you wish to claim the Clean hydrogen investment tax credit, the Clean technology investment tax credit, the Clean technology manufacturing investment tax credit or the Carbon capture, utilization, and storage investment tax credit.
The following options are applicable for the keyword Clean-ITC.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 580 - Labour requirements addition to tax
Line 726 - Part XII.7 tax
Use the keyword ProjectCode to enter the NRCan project code.
Use the keyword Date-Operations to enter the first day of commercial operations.
Use the keyword CRD-Report to indicate if the corporation is required to file a climate risk disclosure (CRD) report.
The following options are applicable for the keyword CRD-Report.
Use the keyword Date-CRDReport to enter the date of the latest CRD report that has been produced and disclosed.
Use the keyword CCA-Class.cl to select the appropriate CCA class.
The following options are applicable for the keyword CCA-Class.cl.
Class 8
Class 10
Class 12
Class 38
Class 41
Class 41.2
Class 43
Class 43.1
Class 43.2
Class 53
Class 56
Class 57
Class 58
Use the keyword Description.cl to enter a description of the property.
Use the keyword Description-Exp to enter a description of the qualified expenditure.
The following options are applicable for the keyword Description-Exp.
Use the keyword Dual-Use-Equip to indicate if the expenditure is dual-use equipment.
The following options are applicable for the keyword Dual-Use-Equip.
Use the keyword Asset-Code.cl to indicate the appropriate CTM use description.
The following options are applicable for the keyword Asset-Code.cl.
Use the keyword Province.cl to enter province where the ITC property will be used.
The following options are applicable for the keyword Province.cl.
Use the keyword Date-Available to enter the date the ITC property became available for use.
Use the keyword Design-Work-Site to assign a number to each designated work site. Keep a record in case the CRA asks to see it later.
Use the keyword Capital-Cost to enter the cost of the property.
Use the keyword Expenditure.cl to enter the current year expenditure.
Use the keyword Adjustments.cl to enter adjustments to the ITC calculation. Include government and non-government assistance that you have received, that you are entitled to receive or that you can reasonably be expected to receive in respect of the property.
Use the keyword Assist-repaid.cl to enter assistance repaid. Include government and non-government assistance that you have repaid, or that you have not received and can no longer expect to receive, in respect of the property.
If the entry in column 1B is carbon capture or carbon transportation, enter the result of this formula [(B+C+D+E)xF] for projected eligible use described under qualified carbon capture expenditure or qualified carbon transportation expenditure in subsection 127.44(1). Otherwise, enter "1".
Use the keyword Spec-PercentOV if you wish to override the specified percentage.
Use the keyword Elect-Labour-Req to indicate if the corporation is electing under subsections 127.46(3) and (5) to meet labour requirements for the designated work site.
The following options are applicable for the keyword Elect-Labour-Req.
Enter the clean ITC carried forward.
Use the keyword Recapture.cl to indicate if there is recapture.
The following options are applicable for the keyword Recapture.cl.
Use the keyword Proceeds.cl to enter the proceeds of disposition or fair market value.
If the property is disposed of to a person who deals at arm's length with the corporation, enter the proceeds of disposition. If the property is disposed of to a person who does not deal at arm's length with the corporation, or the property is converted to a non-clean technology use or is exported from Canada, enter the fair market value.
Use the keyword Cap-Cost-Recapt to enter the capital cost of the asset to be used for the recapture calculatione.
Use the keyword Recapture-OV.cl if you wish to override the recapture calculation made by DT Max.
Use the keyword Disposal.cl to indicate if there was a property disposition.
The following options are applicable for the keyword Disposal.cl.
Use the keyword Disp-Type.cl to select whether it is a development property or refurbishment property disposition.
The following options are applicable for the keyword Disp-Type.cl.
Use the keyword Proceeds.cle to enter the proceeds of disposition or fair market value.
If the property is disposed of to a person who deals at arm's length with the corporation, enter the proceeds of disposition. If the property is disposed of to a person who does not deal at arm's length with the corporation, or is exported from Canada but not disposed of, enter the fair market value. The amount cannot exceed the capital cost of the property.
Use the keyword Cap-Cost.cl to enter the capital cost related to this disposition.
Use the keyword Recovery-Amt to enter CCUS development and refurbishment credits recovery amounts previously paid.
Use the keyword DevelopmentCr to enter the cumulative CCUS development tax credit for the current or previous year.
The following options are applicable for the keyword DevelopmentCr.
Cumulative CCUS development tax credit for current year Total of column 1M (Schedule 78) for expenditures incurred before the first day of commercial operations plus line 170 of the previous year.
Cumulative CCUS development tax credit for previous year Cumulative CCUS development tax credit for previous year (line 170 of Schedule 78 of the previous year).
Use the keyword RefurbishmentCr to enter the refurbishment tax credit.
The following options are applicable for the keyword RefurbishmentCr.
Use the keyword Labour-Req to indicate if you elected to meet the prevailing wage requirements described in subsection 127.46(3) and the apprenticeship requirements described in subsection 127.46(5).
The following options are applicable for the keyword Labour-Req.
Use the keyword Requirements to select and enter the wage and apprenticeship requirements.
The following options are applicable for the keyword Requirements.
# of workers paid below the prevailing wage requirements
# days workers were paid below prevailing wage requirements
Tot. hrs. labour required apprentice regd. Red Seal trade
Tot. hrs. labour by apprentices registered Red Seal trade
Use the keyword Partner-Alloc.cl to enter allocations from partnerships.
The following options are applicable for the keyword Partner-Alloc.cl.
Clean technology ITC allocated from partnership
Clean technology ITC recapture allocated from partnership
Labour requirements addition to tax allocated from p'ship
Clean technology mfg ITC allocated from p'ship
Clean technology mfg ITC recapture allocated from p'ship
CCUS ITC allocated from partnerships
Part XII.7 tax allocated from partnerships
Use the keyword Part-XII7 to indicate if the corporation is subject to Part XII.7 tax.
The following options are applicable for the keyword Part-XII7.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 580 - Labour requirements addition to tax
Line 726 - Part XII.7 tax
Use the keyword Project-Period to enter the project period.
Use the keyword Projected-% to enter the projected eligible use percentage in the applicable calendar year.
The following options are applicable for the keyword Projected-%.
First calendar year
Second calendar year
Third calendar year
Fourth calendar year
Fifth calendar year
Use the keyword Actual-% to enter the actual eligible use percentage in the applicable calendar year.
The following options are applicable for the keyword Actual-%.
First calendar year
Second calendar year
Third calendar year
Fourth calendar year
Fifth calendar year
Use the keyword DevelopRecovery to enter the applicable development credits recovery amount.
The following options are applicable for the keyword DevelopRecovery.
Cumul. CCUS dev. cr. that includes 1st day of operations Cumulative CCUS development tax credit for the year that includes the first day of commercial operations.
Amount F if projected % were equal to actual % Amount that would be determined for amount F (Schedule 78) if the projected eligible use percentage for the relevant project period were equal to its actual eligible use percentage.
CCUS development tax credit previously repaid CCUS development tax credits previously repaid, to the extent that it did not reduce tax payable in a previous tax year.
Use the keyword RefurbishRecovery to enter the applicable refurbishment credits recovery amount.
The following options are applicable for the keyword RefurbishRecovery.
CCUS refurbishment tax credit for current or previous years The total of all the CCUS refurbishment tax credits for the current or previous tax years.
Amount I if projected % were equal to actual % Amount that would be determined for amount I (Schedule 78) if the projected eligible use percentage for the relevant project period were equal to its actual eligible use percentage.
CCUS refurbishment tax credits previously repaid CCUS refurbishment tax credits previously repaid, to the extent that it did not reduce tax payable in a previous tax year.
Use the keyword Amount.itc to enter the amount of the Clean hydrogen investment tax credit. The amount will appear on federal Schedule 31.
Use the keyword Recapture.itc to enter the recaptured clean hydrogen investment tax credit. The amount will appear on federal Schedule 31.
Use the keyword Construct-Cr if the corporation wishes to claim the tax credit for the Manitoba rental housing construction tax credit (Schedule 394).
Effective January 1, 2019, this credit will be eliminated. Projects currently under provincial review or with provincial approvals are not affected. No new project applications will be processed after 2018 and any future projects must be available for use before 2021.
The following options are applicable for the keyword Construct-Cr.
Use the keyword Cert-Number.c to enter the certificate number of eligible rental housing project.
Use the keyword CapitalCost to enter the capital cost of the eligible rental housing project.
When calculating the capital cost, deduct the amount of government assistance.
Use the keyword NumberUnits to enter the number of residential units in the eligible rental housing project.
Use the keyword Eligible-Months to enter the number of months that the project is an eligible rental housing project in the taxation year.
Use the keyword Amount-CF.co to enter the amount of the rental housing construction tax credit to carry forward into the current year and the year in which the credit originated.
The corporation may carry forward the tax credit for a maximum of 10 years.
The following options are applicable for the keyword Amount-CF.co.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
9th prior year
10th prior year
11th prior year
Use the keyword Cr-Trans.co to enter the amount of credit transferred on an amalgamation or the wind-up of a subsidiary.
Use the keyword Credit-OV.co to override the rental housing construction tax credit claimed in the current year as calculated by DT Max.
Use the keyword Coop-Development to enter information concerning the Manitoba cooperative development tax credit for purposes of federal schedule 390.
The following options are applicable for the keyword Coop-Development.
Use the keyword Amt-Contribution to enter the amount of contribution found on Form T2CDTC(MB).
Use the keyword Receipt-Number to enter the receipt number found on Form T2CDTC(MB).
Use the keyword Date-Contribution to enter the date of the contribution found on Form T2CDTC(MB).
Use the keyword Amount-CF.cd to enter the amount of the cooperative development tax credit to carry forward into the current year and the year in which the credit originated.
The corporation may carry forward the tax credit for a maximum of 10 years.
The following options are applicable for the keyword Amount-CF.cd.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
9th prior year
10th prior year
11th prior year
Use the keyword Amount-CB.cd to request a carryback of the cooperative development tax credit earned in the current year.
The corporation may carry back the current-year tax credit earned for a maximum of 3 years.
The following options are applicable for the keyword Amount-CB.cd.
1st prior year
2nd prior year
3rd prior year
Use the keyword Credit-OV.cd to override the cooperative development tax credit claimed in the current year as calculated by DT Max.
The New Brunswick Small Business Investor Tax Credit provides a 15% non-refundable corporate income tax credit of up to $75,000 per year (for investments of up to $500,000).
In the event that an investor cannot use the entire Small Business Investor Tax Credit amount in a given year, the tax credit can be carried forward seven years or back three years.
The following options are applicable for the keyword SBITC-TaxCr.
Use the keyword CurrYr-Credit.s to enter the total of all credit amounts from NB-SBITC-1 certificates received for the tax year.
Use the keyword Amount-CF.s to enter the amount of the small business investor tax credit to carry forward into the current year and the year in which the credit originated.
The corporation may carry forward the tax credit for a maximum of 7 years.
The following options are applicable for the keyword Amount-CF.s.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
Use the keyword Amount-CB.s to request a carryback of the small business investor tax credit earned in the current year.
The corporation may carry back the current-year tax credit earned for a maximum of 3 years.
The following options are applicable for the keyword Amount-CB.s.
1st prior year
2nd prior year
3rd prior year
Use the keyword Credit-OV.s to override the small business investor tax credit claimed in the current year as calculated by DT Max.
Use the keyword SBVC-TaxCr if the corporation wishes to claim the non-refundable small business venture capital tax credit for an eligible investment in emerging enterprises that require larger amounts of investment capital than community ownership can provide. The credit will apply to securities acquired on or after January 1, 2008.
The following options are applicable for the keyword SBVC-TaxCr.
Use the keyword Credit-Amt to enter the corporation's credit amount from community enterprise investment tax credit receipts.
Use the keyword CrUnion-Ded to specify the source used to calculate the credit union deduction.
The following options are applicable for the keyword CrUnion-Ded.
Allocations in proportion to borrowing Choose this option if allocations in proportion to borrowing are defined as meaning an amount that is credited to a member on terms that the member will receive or will be entitled to receive payment of such amount.
Bonus interest payments Choose this option for bonus interest payments which are essentially extra interest credits on money on deposit with the credit union.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 217 - Credit union deductions
A credit union may deduct all payments (including bonus interest payments) made pursuant to allocations in proportion to borrowing which are paid to its members within the year or within 12 months thereafter. This deduction may only be made to the extent that the payments were not deductible in the immediately preceeding taxation year.
Use the keyword Member-Class to specify the class of members for whom the rate of interest payable in relation to the money borrowed is the same.
Use the keyword Class-Int to enter the amount of interest payable by all members of the class.
Use the keyword TotalFunds to enter the total amount of borrowing or deposits made by all members of the class.
Use the keyword Allocation to enter the amount of the allocation in proportion to borrowing or bonus interest payments for the year.
Use the keyword Tot-Payments to enter the total amount of payments made by the credit union to its members in the year.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 217 - Credit union deductions
Use the keyword Max-Cum-Res to enter the maximum cumulative reserve at the end of the preceeding year.
Use the keyword Pref-Rate to indicate the corporation's preferred rate at the end of the preceding year, or the preferred rate transferred upon amalgamation or winding up.
The following options are applicable for the keyword Pref-Rate.
Filing corp.'s preferred rate - end of prior year (ON/BC)
Preferred rate transf. on amalgamation/wind-up (ON/BC)
Filing corp.'s preferred rate - end of prior year (MB)
Preferred rate transf. on amalgamation/wind-up (MB)
The keyword CrUnionDedOV overrides the calculation of the credit union deduction which will appear on the T2 return.
The following options are applicable for the keyword CrUnionDedOV.
Use the keyword Cred-Film to indicate the type of production (film, video or television) for which a tax credit is claimed.
The following options are applicable for the keyword Cred-Film.
Federal Canadian film or video Choose this option if you wish to file federal Schedule 47 (T1131) (Claiming a Canadian film or video production tax credit).
QC film prod. (exp. after Dec. 31, 2008) Choose this option if you wish to file Quebec form CO-1029.8.35 (Tax credit for Quebec film productions).
Production of Quebec performances Choose this option if you wish to file Quebec form CO-1029.8.36.SM (Tax credit for the production of performances).
Quebec production services Choose this option if you wish to file Quebec form CO-1029.8.36.SP (Tax credit for film production services).
QC film dubbing (CO-1029.8.36.DF) Choose this option if you wish to file Quebec form CO-1029.8.36.DF (Tax credit for film dubbing).
Prod. of events or multimedia environment staged outside QC Choose this option if you wish to file Quebec form CO-1029.8.36.XM (Tax credit for the production of events or multimedia environments staged outside Quebec).
Newfoundland & Labrador film industry
Nova Scotia digital animation Choose this option if you wish to file Nova Scotia Schedule 348 (Additional certificate numbers for the Nova Scotia digital animation tax credit).
Manitoba film and video production Choose this option if you wish to file Manitoba Schedule 388 (T2S(388)) (Additional certificate numbers for the Manitoba film and video production tax credit).
Federal film or video - services Choose this option if you wish to file federal Schedule 48 (T1177) (Claiming a film or video production serivices tax credit).
Ontario computer animation & special effects Choose this option if you wish to file Ontario Schedule 554 (Ontario computer animation and special effects tax credit).
Ontario film and television Choose this option if you wish to file Ontario Schedule 556 (Ontario film and television tax credit).
Ontario production services Choose this option if you wish to file Ontario Schedule 558 (Ontario production services tax credit).
British Columbia production services Choose this option if you wish to file British Columbia Schedule 423 (BC production services tax credit).
British Columbia film and television Choose this option if you wish to file British Columbia Schedule 422 (BC film and television tax credit).
Select
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 253 - Canadian film / video production
Line 254 - Film / video production services
Line 796 - Canadian film or video production
Line 797 - Film or video production services
See the CRA's general income tax guide:
Line 796 - Canadian film or video production tax credit refund
Line 797 - Film or video production services tax credit refund
Use the keyword Performance-Type to enter the type of performance.
The following options are applicable for the keyword Performance-Type.
Musical (line 10g)
Comedy (line 10h)
Other (line 10i)
Use the keyword AdvanceRuling-No to enter the number of the favourable advance ruling issued for the purposes of Quebec form CO-1029.8.36.SP.
Use the keyword Qual-Cert-No to enter the number of the qualification certificate delivered for the purposes of Quebec form CO-1029.8.36.SP.
Use the keyword Title.f to enter the title of the production.
Use the keyword Title-Dubbed to enter the title of the dubbed version.
Use the keyword CertificateNo to enter the certificate number of the Société de développement des entreprises culturelles (SODEC).
Use the keyword CertificateNo.c to enter the certificate number of the Société de développement des entreprises culturelles (SODEC).
Use the keyword CertificateNo.f to enter the certificate number of the Société de développement des entreprises culturelles (SODEC).
Use the keyword Title-Cert to enter the title of the production from the accreditation certificate, if other than the actual title of the production.
This information will appear on federal schedules 422 and 423.
Use the keyword Begin-Date to enter the date production started, that is the date when principal filming or taping began.
Use the keyword Film-Number to enter the CAVCO film identification number. Enter only the five last digits.
Use the keyword Certificate to enter the certificate number.
Use the keyword Certificate.cf to enter the certificate number.
Use the keyword OCASE-Estim-Cr to enter the estimated Ontario computer animation and special effects tax credit for this production.
Use the keyword Estim-Product to enter the estimated production costs, qualifying Ontario labour expenditure and Ontario film and television tax credit (OFTTC) for this production.
The following options are applicable for the keyword Estim-Product.
Estimated production costs
Estimated qualifying labour expenditure
Estimated qualifying production expenditures
Estimated tax credit for the production
Prod-Complete whether production was completed in tax year
The following options are applicable for the keyword Prod-Complete.
Use the keyword Prov-Film to enter the amount of the provicial film tax credit indicated on the relevant film certificate. This represents the amount of film tax credit that will be claimed for the taxation year.
Use the keyword Ruling to select the type of film production for purposes of the Quebec tax credit.
The following options are applicable for the keyword Ruling.
Use the keyword Foreign-Format to indicate whether or not the film is a film adapted from a foreign format. If "No" is entered, the corporation is entitled to an increase in the base rates for an eligible film that is not a film adapted from a foreign format.
A film adapted form a foreign format means:
- in the case of a television production, a production that grew out of a television concept created outside Quebec and in respect of which a licence for adaptation in Quebec was issued; the licence indicates the aspects of the format of the program or episodes comprising a series, such as the title, idea, structure and subjects, the description of the plot and characters, the target audience and the duration of each episode;
- in the case of a film production, a production the rights to which were granted for adaptation in Québec and which is a new version of a film previously brought to the screen that is not itself a remake of another work, such as a literary or theatre work.
The following options are applicable for the keyword Foreign-Format.
Use the keyword Production to specify the type of production. DT Max will tick the relevant boxes.
The following options are applicable for the keyword Production.
Canadian (interprovincial) co-production Choose this option if the production is a Canadian co-production. In that case, specify what portion of the costs is attributable to your corporation in parts 3 and 4 of Schedule 47 (T1131).
Treaty co-production Choose this option if the production is a co-production provided for pursuant to a treaty. In that case, specify what portion of the costs is attributable to your corporation in parts 3 and 4 of Schedule 47 (T1131).
Co-owned by prescribed person Choose this option if the production is co-owned by a prescribed person. In that case, specify what portion of the costs is attributable to your corporation in parts 3 and 4 of Schedule 47 (T1131).
Completion certificate
First-time production
Receives regional bonus
Use the keyword Production.c to specify the type of production. DT Max will tick the relevant boxes.
The following options are applicable for the keyword Production.c.
Multimedia event
Multimedia environment
Use the keyword Cost to enter the production cost at the end of the taxation year.
For the tax credit for Quebec film productions (CO-1029.8.35), use the total production costs.
Use the keyword Prod-Info to indicate when the application for an advance ruling or a certificate had been submitted to the SODEC.
The following options are applicable for the keyword Prod-Info.
App. bef. 13/03/24 or aft 12/03/24 & work advanced 12/03/24 The application for a certificate has been submitted to the SODEC before March 13th, 2024, or has been submitted to the SODEC after March 12th, 2024, but before June 1st, 2024, and the latter reckons that the work pertaining to the film production was sufficiently advanced on March 12th, 2024.
App aft. 31/05/24 or aft. 12/03/24 & work not adv. 12/03/24 The application for a certificate has been submitted to the SODEC after May 31st, 2024, or has been submitted to the SODEC after March 12th, 2024, but before June 1st, 2024, and the latter reckons that the work pertaining to the film production was not sufficiently advanced on March 12th, 2024.
Application before March 13, 2024 The application for an advance ruling or a certificate has been submitted to the SODEC before March 13, 2024.
Application after March 12, 2024 The application for an advance ruling or a certificate has been submitted to the SODEC after March 12, 2024.
Application before March 22, 2023 The application for an advance ruling or a certificate has been submitted to the SODEC before March 22, 2023.
Application after March 21, 2023
Use the keyword Optimize.f to indicate whether or not you wish that DT Max chooses the most advantageous tax credit between the cost-of-salaries and the cost-of-production tax credit.
The following options are applicable for the keyword Optimize.f.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 253 - Canadian film / video production
Line 254 - Film / video production services
Line 796 - Canadian film or video production
Line 797 - Film or video production services
See the CRA's general income tax guide:
Line 796 - Canadian film or video production tax credit refund
Line 797 - Film or video production services tax credit refund
Use the keyword Production-Date to enter dates respecting the film or video production.
The following options are applicable for the keyword Production-Date.
Date production completed
Date principal photography started
Date first script labour expenses incurred
Date production rights acquired
Two years before principal photography started
Date first performance in front of audience
Use the keyword Prod-Info.c to indicate whether or not box 09a, 10c, 10d or 10e applies.
The following options are applicable for the keyword Prod-Info.c.
Tick box 09a
Tick box 10c
Tick box 10d
Tick box 10e
Use the keyword Wages-Employees to enter the eligible salaries of actual deemed residents and residents of Manitoba.
The following options are applicable for the keyword Wages-Employees.
Use the keyword NameParent to enter the name of the parent corporation (only if a repayment has been entered).
Use the keyword BN-Parent to enter the business number of the parent corporation (only if a repayment has been entered).
Use the keyword Labour-Exp.f to indicate the type of labour expenditures that were incurred in the year.
The following options are applicable for the keyword Labour-Exp.f.
Labour expenditures
Qualified labour expenditures
Eligible labour expenditures - scriptwriting
Qual. labour expenditures
Qualified labour expenditures - Quebec (1st method)
Qualified labour expenditures - Quebec (2nd method)
Qualified labour expenditures (Quebec)
Qualified labour exp. - preproduction end first complete yr
Qualified labour exp. - second complete year
Qualified labour exp. - third complete year
Qualified labour expenditures - Quebec
Qualified labour expenditures after April 23, 2015
Qual. production exp. after April 23, 2015
Qualifying labour expenditures
Qualified labour expenditures - animation
Qual. exp. for services rendered outside Montreal
Qual. exp. for special effects & animation
Qual. exp. for special effects & animation (Quebec)
Qualified film dubbing expenditures
Use the keyword Cost.c to enter the production costs incurred in the year, during the period(s) covered by the form and that have been paid.
Use the keyword Salaries&Wages to enter the salaries or wages paid by the corporation to its employees for eligible dubbing services rendered in Quebec.
The following options are applicable for the keyword Salaries&Wages.
Use the keyword Consid-Paid to enter the consideration paid by the corporation to a partnership, or to a person who is not an employee, for eligible dubbing services rendered in Quebec.
The following options are applicable for the keyword Consid-Paid.
Use the keyword BonusRate to indicate whether or not bonus rate applies to certain eligible property.
If the production started before March 29, 2017, a 8% rate is applicable if the production has received no financial assistance from a public body.
If the production started after March 28, 2017, the bonus rate is determined by the ratio between financial assistance from a public body and the total production costs.
The following options are applicable for the keyword BonusRate.
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:
a) principal photography for the film commenced after May 31, 2020
b) 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
c) the Manitoba production corporation receives credit as a producer, co-producer or executive producer of the film.
The following options are applicable for the keyword BonusRate.l.
Use the keyword Assistance to enter the amount of assistance received.
The following options are applicable for the keyword Assistance.
Government or non government assistance Enter the amount of government or non government assistance received.
Assistance attributable to labour expenditures
Assistance not directly attributable to labour expenditures
Federal tax credits
Ontario refundable tax credits
Gov. / non gov. assistance related to production costs
Benefit or advantage related to production costs
Performance of actors - salaries
Adaptation - salaries
Detection - salaries
Calligraphy/grid/typing - salaries
Stage management - salaries
Audition - salaries
Preparation of texts - salaries
Production of video titles - salaries
Production of film titles - salaries
Optical transfer - salaries
Performance of actors - consideration
Adaptation - consideration
Detection - consideration
Calligraphy/grid/typing - consideration
Stage management - consideration
Audition - consideration
Preparation of texts - consideration
Production of video titles - consideration
Production of film titles - consideration
Optical transfer - consideration
Assistance, benefit or advantage - salaries
Assistance, benefit or advantage - compens. to individuals
Assist., benefit or advantage - individuals (1st level)
Assist., benefit or advantage - individuals (2nd level)
Assistance - Comp. to QC corp. offering services from ind.
Assist. corp. whole cap. stock owned by indiv. (1st level)
Assist. corp. whole cap. stock owned by indiv. (2nd level)
Assistance, benefit or advantage - compens. to corp
Assistance, benefit or advantage - corp. (1st level)
Assistance, benefit or advantage - corp. (2nd level)
Assistance, benefit or advantage - compens. to partnership
Assistance, benefit or advantage - partnership (1st level)
Assistance, benefit or advantage - partnership (2nd level)
Assistance, benefit or advantage - cost of service contract
Assist., benefit or adv. - purch./rental of tangible prop.
Assistance, benefit or advantage - cost
Assistance, benefit - refund from subsid. to parent comp.
Assistance from a public body
Assist. - refund from sub. to parent comp. - property cost
Use the keyword Salaries to enter the salaries and wages paid.
The following options are applicable for the keyword Salaries.
Payroll taxes refer to contributions made to the Quebec Pension Plan, the Commission des normes du travail, the Quebec Parental Insurance Plan and Employment Insurance. These taxes however do not include contributions to the Health Services Fund.
Use the keyword Remuneration to enter amounts for other remuneration directly attributable to the production.
The following options are applicable for the keyword Remuneration.
Remuneration paid to individuals
Remuneration paid to the individuals
Remuneration paid to individuals (1st level)
Remuneration paid to individuals (2nd level)
Remuneration paid to corporations
Remuneration paid to corporations (1st level)
Remuneration paid to corporations (2nd level)
Remuneration paid to partnerships
Remuneration paid to the partnerships
Remuneration paid to partnerships (1st level)
Remuneration paid to partnerships (2nd level)
Remuneration paid to corporations - Canadian resident
Remun. paid to QC corp. offering services of individual
Rem. to corp. whole cap. stock owned by indiv. (1st level)
Rem. to corp. whole cap. stock owned by indiv. (2nd level)
1st level remuneration, 1st method (portion of line 18)
2nd level remuneration, 1st method (portion of line 24)
Rem. according to 2nd method (portion of line 30)
Use the keyword Prod-Expenses to enter the production costs directly attributable to the production of the property, incurred and paid in the year.
The following options are applicable for the keyword Prod-Expenses.
Prod. costs other than for acquisition of property
Prod. costs related to the acquisition of property
Elig. salaries of MB elig. NR individuals (all prod. yrs)
Elig. salaries of MB elig. individuals (all prod. yrs)
Eligible tangible property expenditure
Eligible accomodation expenditures
Cost of service contract (not attrib. to special effects)
Cost of service contract (attrib. to special effects)
Expenses related to purchase/rental of tangible property
Use the keyword Rate-LabourCap to enter the rate of the deemed labour cap that is specified on the Certificate of Completion.
Use the keyword Repayment to enter the amount and type of repayment.
The following options are applicable for the keyword Repayment.
Made by wholly-owned subsid. to a parent corp. Enter the amount repaid by a wholly-owned subsidiary to a parent corporation.
Government & non government assistance (Que.) Enter the amount of government or non government assistance repaid by the corporation.
Government/non government assist. (exp. before Jan 1, 2009)
Government/non government assist. (exp. after Dec 31, 2008)
Amounts repaid under a legal obligation Enter the amount of assistance repaid under a legal obligation. This information is used on federal Schedule 558.
Made by wholly-owned sub. to parent corp. - property costs
Government & non government assistance - property costs
Use the keyword Consid-Rec to enter the consideration received during the year or during a previous year for carrying out a film contract.
Use the keyword Prev-Yr-Info to enter the information pertaining to previous years.
The following options are applicable for the keyword Prev-Yr-Info.
Labour expenditures - previous years Enter the amount of labour expenditures for all previous taxation years.
Labour expenditures - prev. yrs
Qualified labour expenditures - all prev. years Enter the amount of qualified labour expenditures for all previous taxation years.
Ontario production expenditures - all prev. yrs
Qualified production expenditures - all prev. years
Qual. labour exp. - prev. yrs
Special tax payable (part III.1) - prev. years Enter the amount of special tax payable for a previous taxation year.
Repayment of gov./non gov. assist. - prev. years Enter the amount of repayment of government or non government assistance for a previous taxation year.
Repayment of gov./non gov. assist. - previous year
Repayment assistance - prev. yrs
Gov./non gov. ass. not used to reduce exp. Enter the amount of government or non government assistance allocated to labour expenditures, for a previous taxation year, which has not helped reduce the expenditure for that year.
Assist. not used to reduce exp. (exp. before Jan 1, 2009)
Assist. not used to reduce exp. (exp. after Dec. 31, 2008)
Benefit or advantage not used to reduce exp.
Benefit not used to reduce exp. (exp. before Jan 1, 2009)
Benefit not used to reduce exp. (exp. after Dec. 31, 2008)
Gov./non gov. ass. not used to reduce cost
Benefit or advantage not used to reduce cost
Labour expenditures - previous year
Qualified labour expenditures - previous year
Cumulated production costs
Special tax on prior year assistance
Special tax on prior year benefit or advantage
Property cost - past years
Repay. gov./non gov. assist. property cost - prev. years
Cost of eligible property - all prev. years
Special tax on prior year assistance - property cost
Special tax on prior year benefit or adv. - property cost
Gov./non gov. ass. not used to reduce exp. - prop. cost
Benefit or adv. not used to reduce exp. - property cost
Tax credit from previous years
Use the keyword Transfer to enter the amount which the corporation transferred, pursuant to the terms of a reimbursement agreement, to a wholly-owned subsidiary claiming the amount as a labour expenditure.
Use the keyword QPE-Limit to enter the amounts pertaining to the qualified production expenditure limit.
The following options are applicable for the keyword QPE-Limit.
Eligible wage exp. (current and previous years)
Remuneration paid to individuals (curr./prev. yrs)
Remuneration paid to corp. - Canad. resid.(curr./prev. yrs)
Remuneration paid to corporations (curr./prev. yrs)
Remuneration paid to partnerships (curr./prev. yrs)
Parent elig. wage & service contract exp. (curr./prev. yrs)
Use the keyword Labour-Exp.cf to indicate the type of labour expenditures that were incurred in the year.
This keyword will appear if the Optimize.f keyword is blank or if "No" is selected.
The following options are applicable for the keyword Labour-Exp.cf.
Use the keyword Cost.c to enter the production costs incurred in the year, during the period(s) covered by the form and that have been paid.
Use the keyword Salaries&Wages to enter the salaries or wages paid by the corporation to its employees for eligible dubbing services rendered in Quebec.
The following options are applicable for the keyword Salaries&Wages.
Use the keyword Consid-Paid to enter the consideration paid by the corporation to a partnership, or to a person who is not an employee, for eligible dubbing services rendered in Quebec.
The following options are applicable for the keyword Consid-Paid.
Use the keyword BonusRate to indicate whether or not bonus rate applies to certain eligible property.
If the production started before March 29, 2017, a 8% rate is applicable if the production has received no financial assistance from a public body.
If the production started after March 28, 2017, the bonus rate is determined by the ratio between financial assistance from a public body and the total production costs.
The following options are applicable for the keyword BonusRate.
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:
a) principal photography for the film commenced after May 31, 2020
b) 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
c) the Manitoba production corporation receives credit as a producer, co-producer or executive producer of the film.
The following options are applicable for the keyword BonusRate.l.
Use the keyword Assistance to enter the amount of assistance received.
The following options are applicable for the keyword Assistance.
Government or non government assistance Enter the amount of government or non government assistance received.
Assistance attributable to labour expenditures
Assistance not directly attributable to labour expenditures
Federal tax credits
Ontario refundable tax credits
Gov. / non gov. assistance related to production costs
Benefit or advantage related to production costs
Performance of actors - salaries
Adaptation - salaries
Detection - salaries
Calligraphy/grid/typing - salaries
Stage management - salaries
Audition - salaries
Preparation of texts - salaries
Production of video titles - salaries
Production of film titles - salaries
Optical transfer - salaries
Performance of actors - consideration
Adaptation - consideration
Detection - consideration
Calligraphy/grid/typing - consideration
Stage management - consideration
Audition - consideration
Preparation of texts - consideration
Production of video titles - consideration
Production of film titles - consideration
Optical transfer - consideration
Assistance, benefit or advantage - salaries
Assistance, benefit or advantage - compens. to individuals
Assist., benefit or advantage - individuals (1st level)
Assist., benefit or advantage - individuals (2nd level)
Assistance - Comp. to QC corp. offering services from ind.
Assist. corp. whole cap. stock owned by indiv. (1st level)
Assist. corp. whole cap. stock owned by indiv. (2nd level)
Assistance, benefit or advantage - compens. to corp
Assistance, benefit or advantage - corp. (1st level)
Assistance, benefit or advantage - corp. (2nd level)
Assistance, benefit or advantage - compens. to partnership
Assistance, benefit or advantage - partnership (1st level)
Assistance, benefit or advantage - partnership (2nd level)
Assistance, benefit or advantage - cost of service contract
Assist., benefit or adv. - purch./rental of tangible prop.
Assistance, benefit or advantage - cost
Assistance, benefit - refund from subsid. to parent comp.
Assistance from a public body
Assist. - refund from sub. to parent comp. - property cost
Use the keyword Salaries to enter the salaries and wages paid.
The following options are applicable for the keyword Salaries.
Payroll taxes refer to contributions made to the Quebec Pension Plan, the Commission des normes du travail, the Quebec Parental Insurance Plan and Employment Insurance. These taxes however do not include contributions to the Health Services Fund.
Use the keyword Remuneration to enter amounts for other remuneration directly attributable to the production.
The following options are applicable for the keyword Remuneration.
Remuneration paid to individuals
Remuneration paid to the individuals
Remuneration paid to individuals (1st level)
Remuneration paid to individuals (2nd level)
Remuneration paid to corporations
Remuneration paid to corporations (1st level)
Remuneration paid to corporations (2nd level)
Remuneration paid to partnerships
Remuneration paid to the partnerships
Remuneration paid to partnerships (1st level)
Remuneration paid to partnerships (2nd level)
Remuneration paid to corporations - Canadian resident
Remun. paid to QC corp. offering services of individual
Rem. to corp. whole cap. stock owned by indiv. (1st level)
Rem. to corp. whole cap. stock owned by indiv. (2nd level)
1st level remuneration, 1st method (portion of line 18)
2nd level remuneration, 1st method (portion of line 24)
Rem. according to 2nd method (portion of line 30)
Use the keyword Prod-Expenses to enter the production costs directly attributable to the production of the property, incurred and paid in the year.
The following options are applicable for the keyword Prod-Expenses.
Prod. costs other than for acquisition of property
Prod. costs related to the acquisition of property
Elig. salaries of MB elig. NR individuals (all prod. yrs)
Elig. salaries of MB elig. individuals (all prod. yrs)
Eligible tangible property expenditure
Eligible accomodation expenditures
Cost of service contract (not attrib. to special effects)
Cost of service contract (attrib. to special effects)
Expenses related to purchase/rental of tangible property
Use the keyword Rate-LabourCap to enter the rate of the deemed labour cap that is specified on the Certificate of Completion.
Use the keyword Repayment to enter the amount and type of repayment.
The following options are applicable for the keyword Repayment.
Made by wholly-owned subsid. to a parent corp. Enter the amount repaid by a wholly-owned subsidiary to a parent corporation.
Government & non government assistance (Que.) Enter the amount of government or non government assistance repaid by the corporation.
Government/non government assist. (exp. before Jan 1, 2009)
Government/non government assist. (exp. after Dec 31, 2008)
Amounts repaid under a legal obligation Enter the amount of assistance repaid under a legal obligation. This information is used on federal Schedule 558.
Made by wholly-owned sub. to parent corp. - property costs
Government & non government assistance - property costs
Use the keyword Consid-Rec to enter the consideration received during the year or during a previous year for carrying out a film contract.
Use the keyword Prev-Yr-Info to enter the information pertaining to previous years.
The following options are applicable for the keyword Prev-Yr-Info.
Labour expenditures - previous years Enter the amount of labour expenditures for all previous taxation years.
Labour expenditures - prev. yrs
Qualified labour expenditures - all prev. years Enter the amount of qualified labour expenditures for all previous taxation years.
Ontario production expenditures - all prev. yrs
Qualified production expenditures - all prev. years
Qual. labour exp. - prev. yrs
Special tax payable (part III.1) - prev. years Enter the amount of special tax payable for a previous taxation year.
Repayment of gov./non gov. assist. - prev. years Enter the amount of repayment of government or non government assistance for a previous taxation year.
Repayment of gov./non gov. assist. - previous year
Repayment assistance - prev. yrs
Gov./non gov. ass. not used to reduce exp. Enter the amount of government or non government assistance allocated to labour expenditures, for a previous taxation year, which has not helped reduce the expenditure for that year.
Assist. not used to reduce exp. (exp. before Jan 1, 2009)
Assist. not used to reduce exp. (exp. after Dec. 31, 2008)
Benefit or advantage not used to reduce exp.
Benefit not used to reduce exp. (exp. before Jan 1, 2009)
Benefit not used to reduce exp. (exp. after Dec. 31, 2008)
Gov./non gov. ass. not used to reduce cost
Benefit or advantage not used to reduce cost
Labour expenditures - previous year
Qualified labour expenditures - previous year
Cumulated production costs
Special tax on prior year assistance
Special tax on prior year benefit or advantage
Property cost - past years
Repay. gov./non gov. assist. property cost - prev. years
Cost of eligible property - all prev. years
Special tax on prior year assistance - property cost
Special tax on prior year benefit or adv. - property cost
Gov./non gov. ass. not used to reduce exp. - prop. cost
Benefit or adv. not used to reduce exp. - property cost
Tax credit from previous years
Use the keyword Transfer to enter the amount which the corporation transferred, pursuant to the terms of a reimbursement agreement, to a wholly-owned subsidiary claiming the amount as a labour expenditure.
Use the keyword QPE-Limit to enter the amounts pertaining to the qualified production expenditure limit.
The following options are applicable for the keyword QPE-Limit.
Eligible wage exp. (current and previous years)
Remuneration paid to individuals (curr./prev. yrs)
Remuneration paid to corp. - Canad. resid.(curr./prev. yrs)
Remuneration paid to corporations (curr./prev. yrs)
Remuneration paid to partnerships (curr./prev. yrs)
Parent elig. wage & service contract exp. (curr./prev. yrs)
Use the keyword Labour-Exp.c to indicate the type of labour expenditures that were incurred in the year.
This keyword will appear if "Yes" is selected for the Optimize.f keyword.
The following options are applicable for the keyword Labour-Exp.c.
Use the keyword Cost.c to enter the production costs incurred in the year, during the period(s) covered by the form and that have been paid.
Use the keyword Salaries&Wages to enter the salaries or wages paid by the corporation to its employees for eligible dubbing services rendered in Quebec.
The following options are applicable for the keyword Salaries&Wages.
Use the keyword Consid-Paid to enter the consideration paid by the corporation to a partnership, or to a person who is not an employee, for eligible dubbing services rendered in Quebec.
The following options are applicable for the keyword Consid-Paid.
Use the keyword BonusRate to indicate whether or not bonus rate applies to certain eligible property.
If the production started before March 29, 2017, a 8% rate is applicable if the production has received no financial assistance from a public body.
If the production started after March 28, 2017, the bonus rate is determined by the ratio between financial assistance from a public body and the total production costs.
The following options are applicable for the keyword BonusRate.
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:
a) principal photography for the film commenced after May 31, 2020
b) 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
c) the Manitoba production corporation receives credit as a producer, co-producer or executive producer of the film.
The following options are applicable for the keyword BonusRate.l.
Use the keyword Assistance to enter the amount of assistance received.
The following options are applicable for the keyword Assistance.
Government or non government assistance Enter the amount of government or non government assistance received.
Assistance attributable to labour expenditures
Assistance not directly attributable to labour expenditures
Federal tax credits
Ontario refundable tax credits
Gov. / non gov. assistance related to production costs
Benefit or advantage related to production costs
Performance of actors - salaries
Adaptation - salaries
Detection - salaries
Calligraphy/grid/typing - salaries
Stage management - salaries
Audition - salaries
Preparation of texts - salaries
Production of video titles - salaries
Production of film titles - salaries
Optical transfer - salaries
Performance of actors - consideration
Adaptation - consideration
Detection - consideration
Calligraphy/grid/typing - consideration
Stage management - consideration
Audition - consideration
Preparation of texts - consideration
Production of video titles - consideration
Production of film titles - consideration
Optical transfer - consideration
Assistance, benefit or advantage - salaries
Assistance, benefit or advantage - compens. to individuals
Assist., benefit or advantage - individuals (1st level)
Assist., benefit or advantage - individuals (2nd level)
Assistance - Comp. to QC corp. offering services from ind.
Assist. corp. whole cap. stock owned by indiv. (1st level)
Assist. corp. whole cap. stock owned by indiv. (2nd level)
Assistance, benefit or advantage - compens. to corp
Assistance, benefit or advantage - corp. (1st level)
Assistance, benefit or advantage - corp. (2nd level)
Assistance, benefit or advantage - compens. to partnership
Assistance, benefit or advantage - partnership (1st level)
Assistance, benefit or advantage - partnership (2nd level)
Assistance, benefit or advantage - cost of service contract
Assist., benefit or adv. - purch./rental of tangible prop.
Assistance, benefit or advantage - cost
Assistance, benefit - refund from subsid. to parent comp.
Assistance from a public body
Assist. - refund from sub. to parent comp. - property cost
Use the keyword Salaries to enter the salaries and wages paid.
The following options are applicable for the keyword Salaries.
Payroll taxes refer to contributions made to the Quebec Pension Plan, the Commission des normes du travail, the Quebec Parental Insurance Plan and Employment Insurance. These taxes however do not include contributions to the Health Services Fund.
Use the keyword Remuneration to enter amounts for other remuneration directly attributable to the production.
The following options are applicable for the keyword Remuneration.
Remuneration paid to individuals
Remuneration paid to the individuals
Remuneration paid to individuals (1st level)
Remuneration paid to individuals (2nd level)
Remuneration paid to corporations
Remuneration paid to corporations (1st level)
Remuneration paid to corporations (2nd level)
Remuneration paid to partnerships
Remuneration paid to the partnerships
Remuneration paid to partnerships (1st level)
Remuneration paid to partnerships (2nd level)
Remuneration paid to corporations - Canadian resident
Remun. paid to QC corp. offering services of individual
Rem. to corp. whole cap. stock owned by indiv. (1st level)
Rem. to corp. whole cap. stock owned by indiv. (2nd level)
1st level remuneration, 1st method (portion of line 18)
2nd level remuneration, 1st method (portion of line 24)
Rem. according to 2nd method (portion of line 30)
Use the keyword Prod-Expenses to enter the production costs directly attributable to the production of the property, incurred and paid in the year.
The following options are applicable for the keyword Prod-Expenses.
Prod. costs other than for acquisition of property
Prod. costs related to the acquisition of property
Elig. salaries of MB elig. NR individuals (all prod. yrs)
Elig. salaries of MB elig. individuals (all prod. yrs)
Eligible tangible property expenditure
Eligible accomodation expenditures
Cost of service contract (not attrib. to special effects)
Cost of service contract (attrib. to special effects)
Expenses related to purchase/rental of tangible property
Use the keyword Rate-LabourCap to enter the rate of the deemed labour cap that is specified on the Certificate of Completion.
Use the keyword Repayment to enter the amount and type of repayment.
The following options are applicable for the keyword Repayment.
Made by wholly-owned subsid. to a parent corp. Enter the amount repaid by a wholly-owned subsidiary to a parent corporation.
Government & non government assistance (Que.) Enter the amount of government or non government assistance repaid by the corporation.
Government/non government assist. (exp. before Jan 1, 2009)
Government/non government assist. (exp. after Dec 31, 2008)
Amounts repaid under a legal obligation Enter the amount of assistance repaid under a legal obligation. This information is used on federal Schedule 558.
Made by wholly-owned sub. to parent corp. - property costs
Government & non government assistance - property costs
Use the keyword Consid-Rec to enter the consideration received during the year or during a previous year for carrying out a film contract.
Use the keyword Prev-Yr-Info to enter the information pertaining to previous years.
The following options are applicable for the keyword Prev-Yr-Info.
Labour expenditures - previous years Enter the amount of labour expenditures for all previous taxation years.
Labour expenditures - prev. yrs
Qualified labour expenditures - all prev. years Enter the amount of qualified labour expenditures for all previous taxation years.
Ontario production expenditures - all prev. yrs
Qualified production expenditures - all prev. years
Qual. labour exp. - prev. yrs
Special tax payable (part III.1) - prev. years Enter the amount of special tax payable for a previous taxation year.
Repayment of gov./non gov. assist. - prev. years Enter the amount of repayment of government or non government assistance for a previous taxation year.
Repayment of gov./non gov. assist. - previous year
Repayment assistance - prev. yrs
Gov./non gov. ass. not used to reduce exp. Enter the amount of government or non government assistance allocated to labour expenditures, for a previous taxation year, which has not helped reduce the expenditure for that year.
Assist. not used to reduce exp. (exp. before Jan 1, 2009)
Assist. not used to reduce exp. (exp. after Dec. 31, 2008)
Benefit or advantage not used to reduce exp.
Benefit not used to reduce exp. (exp. before Jan 1, 2009)
Benefit not used to reduce exp. (exp. after Dec. 31, 2008)
Gov./non gov. ass. not used to reduce cost
Benefit or advantage not used to reduce cost
Labour expenditures - previous year
Qualified labour expenditures - previous year
Cumulated production costs
Special tax on prior year assistance
Special tax on prior year benefit or advantage
Property cost - past years
Repay. gov./non gov. assist. property cost - prev. years
Cost of eligible property - all prev. years
Special tax on prior year assistance - property cost
Special tax on prior year benefit or adv. - property cost
Gov./non gov. ass. not used to reduce exp. - prop. cost
Benefit or adv. not used to reduce exp. - property cost
Tax credit from previous years
Use the keyword Transfer to enter the amount which the corporation transferred, pursuant to the terms of a reimbursement agreement, to a wholly-owned subsidiary claiming the amount as a labour expenditure.
Use the keyword QPE-Limit to enter the amounts pertaining to the qualified production expenditure limit.
The following options are applicable for the keyword QPE-Limit.
Eligible wage exp. (current and previous years)
Remuneration paid to individuals (curr./prev. yrs)
Remuneration paid to corp. - Canad. resid.(curr./prev. yrs)
Remuneration paid to corporations (curr./prev. yrs)
Remuneration paid to partnerships (curr./prev. yrs)
Parent elig. wage & service contract exp. (curr./prev. yrs)
Use the keyword Credit-Types to indicate the type of film tax credit that the corporation is claiming.
The following options are applicable for the keyword Credit-Types.
Basic tax credit (BTC)
Regional tax credit (RTC)
Distant location regional tax credit
Training tax credit (TTC)
Regional production tax credit
Distant location prod. services tax cr.
Basic tax credit
Frequent filming bonus tax credit
Rural bonus tax credit
Producer bonus tax credit
For interprovincial co-productions, use the keyword Inter-Prov to enter the percentage of the copyright beneficially owned by the corporation.
If it is not an interprovincial co-production, enter 100%.
The following options are applicable for the keyword Inter-Prov.
% of copyright owned by corp
% of copyright owned by fed./prov. agencies
% of copyright owned by NPO's
Use the keyword Episodic-Prod to enter the total amount of accredited qualified BC labour expenditures for the specific episodes.
Use the keyword Amount.bc to enter the amount of qualified British Columbia labour expenditures for purposes of the regional production services tax credit or additional production services tax credit.
This information is required on federal schedule 423.
Use the keyword Episode-Nq to enter the B.C. labour relating to non qualifying episodes that are intended for television broadcast.
Use the keyword Animation to indicate if this is an animation production that started key animation after June 26, 2015 and before June 1, 2024.
The following options are applicable for the keyword Animation.
Use the keyword Days-Photo to enter the total number of days of principal photography in British Columbia outside of the designated Vancouver area, as well as the total number of days of principal production in B.C.
The following options are applicable for the keyword Days-Photo.
Use the keyword BC-LabourExp to indicate the type of British Columbia labour expense incurred for the year.
The following options are applicable for the keyword BC-LabourExp.
ABCLE incurred outside desig. Vancouver area
ABCLE in a distant location
ABCLE for the tax year
BCLE incurred outside desig. Vancouver area
BCLE in a distant location
Total BC labour exp. for the tax year
Use the keyword BC-Train to enter B.C. labour expenditures paid to B.C.-based individuals in an approved training program.
Use the keyword BC-Assist to enter any assistance or reimbursement for the training program.
Use the keyword Rate-Credit to enter the rate of credit specified on the Advance Certificate of Eligibility or the Certificate of Completion.
Use the keyword EligLabour-% to enter the percentage of eligible hours specified on the Advance Certificate of Eligibility or the Certificate of Completion for purposes of the frequent filming bonus tax credit.
Use the keyword CoProd-Share to enter the percentage of the production costs of the property that is attributable to the corporation with respect to the co-production.
Use this keyword to enter the name of the contact person, if it is not the same individual entered in ContactName in the Address group.
Use this keyword to enter the telephone number of the contact person, if it is not the same telephone number entered in Phone in the Address group.
Use the keyword Inter-PhoneNum.f only if you wish to print the international telephone number of the contact person on the Federal film schedules as opposed to the telephone number entered within the keyword ContactPhone.f.
It can be up to 15 numeric characters and is entered with no spaces, hyphens or other characters.
DT Max automatically calculates the multiplication factor on line 48 of form CO-1029.8.35. Use the keyword Factor-OV if you would like to override this calculation with a different percentage.
Use the keyword CreditOV.c to override the Quebec tax credit claimed in the current year as calculated by DT Max.
Use the keyword Digital-Media if you wish to claim a multimedia or digital media tax credit depending on the corporation's level of specialization.
The following options are applicable for the keyword Digital-Media.
Quebec digital transformation of print media comp. tax cr. Choose this option if you wish to file Quebec form CO-1029.8.36.PR (Tax credit for the digital transformation of print media companies). This refundable tax credit will provide qualified corporations (other than excluded corporations) and qualified partnerships with tax assistance of up to $7 million annually for expenditures they incur after March 27, 2018, and before January 1, 2025, for the purpose of the digital transformation of their print media activities.
British Columbia digital media tax credit Choose this option if you wish to file federal Schedule 429 (British Columbia interactive digital media tax credit).
Ontario digital media tax credit Choose this option if you wish to file federal Schedule 560 (Ontario interactive digital media tx credit).
Use the keyword Partner-Info.dm to indicate whether the partnership is an eligible partnership whereby the corporation is a member, an intermediary partnership whereby the corporation is a member, or an eligible partnership whereby the corporation is a member by an intermediary partnership.
The following options are applicable for the keyword Partner-Info.dm.
Eligible partnership (corp is a member)
Intermediary partnership (corp is a member)
Elig. partnership (corp member by intermediary partnership)
Enter the name of the partnership using the keyword Partner-Name.dm, for purposes of the Quebec form CO-1029.8.36.PR. The same name must also be entered in the keyword Name.re or Name-Partner.m within the RelatedParty group in order to allow entry of other data pertaining to the partnership.
Enter the name of the eligible employee in respect of whom the corporation is claiming the tax credit.
To qualify as an eligible employee, an employee must report for work at an establishment of the qualified corporation situated in Québec and is not an excluded employee.
Use the keyword SIN.em to enter the social insurance number of the eligible employee.
Use the keyword Cert-DateIssue to enter the date of issuance of the certificate.
Use the keyword CertificateNum to enter the certificate number.
Use the keyword Cert-StartPeriod to enter the start date covered by the certificate.
Use the keyword Cert-StartPeriod to enter the end date covered by the certificate.
Enter the portion of wages calculated in accordance with the Taxation Act that a qualified corporation incurs, for that year, in respect of a qualified employee.
The amount of qualified wages incurred by a qualified corporation for a taxation year must be reduced by the amount of any government assistance, any non-government assistance and any profit or benefit attributable to the wages.
Use the keyword Wages-OthCr to enter the portion of the qualified wages reported at line 10 in respect of which the corporation has claimed another tax credit, or a person or a member of a partnership other than the qualified corporation or qualified partnership may be entitled to a tax credit.
Use the keyword Cert-Num.d to enter the 9-character certificate number.
If the corporation applied to the British Columbia Ministry of Finance for a registered number for the purposes of claiming a British Columbia interactive digital media tax credit, use the keyword Regist-Num to enter the registration number.
Use the keyword Title.d to enter the product title.
Use the keyword Estim-OIDMTC to enter the estimated amount of the Ontario digital media tax credit for this product.
Use the keyword Specified-Product to indicate whether or not the product is a specified product.
The following options are applicable for the keyword Specified-Product.
Use the keyword Eligible-Exp to indicate the type of eligible expenditures that were incurred for the product.
The following options are applicable for the keyword Eligible-Exp.
Eligible salary and wages
Eligible labour expenditures
Eligible marketing and distribution expenditures
Qualified labour exp. for eligible digital game
Qualified labour exp. for specialized digital game corp.
Use the keyword Salaries.d to enter the qualified wage amount for salaries or wages paid to employees by the qualifying corporation for the eligible product.
The following options are applicable for the keyword Salaries.d.
Use the keyword Remuneration.d to enter the remuneration amount incurred for the eligible product.
The following options are applicable for the keyword Remuneration.d.
Remuneration paid to individuals
Remuneration paid to corporations
Remuneration paid to partnerships
Use the keyword Prod-Expenses.d to enter the expenditures incurred for the eligible product.
The following options are applicable for the keyword Prod-Expenses.d.
Labour exp. in previous yr
Labour exp. by predecessor corp.
Eligible labour exp. in current year
Eligible labour exp. in previous year
Eligible labour exp. by corp. in previous yr
Eligible labour exp. by predecessor corp. in previous yr
Eligible marketing/distr. exp. - previous years
Elig. marketing/distr. exp. pred. corp. - previous years
Marketing and distribution expenses
Marketing/distribution exp. by predecessor corp.
Eligible marketing/distr. exp. - previous year
Elig. marketing/distr. exp. pred. corp. - previous year
Use the keyword Assistance.dm to enter the amount of government assistance received or receivable as a positive amount. Enter assistance repaid as a negative amount.
The keyword Eligible-Exp.dm opens to subgroup to enter information relating to the eligible digital conversion contract expenditures.
The following options are applicable for the keyword Eligible-Exp.dm.
Enter the portion of a qualified corporation's expenditure in respect of costs provided for in an eligible digital conversion contract in regard to the acquisition or lease of qualified property, the supply of eligible services, right of use or an eligible licence, as the case may be, incurred by the corporation, that is reasonably attributable to eligible digital conversion activities of an eligible medium specified on a qualification certificate issued to the corporation by Investissement Québec for that year.
The following options are applicable for the keyword Cost-Contract.
Acquisition or leasing of qualified property
Supply of eligible services
Eligible right of use or license
The amount of expenditures related to an eligible digital conversion contract that have been incurred by a qualified corporation, for a taxation year, must be reduced by the amount of any government assistance, any non-government assistance and any profit or benefit attributable to such wages.
Use the keyword CrAssistRepaid.dm to enter the tax credit pertaining to assistance, benefit or an advantage that was repaid in the taxation year and that is related to eligible digital conversion costs of a previous taxation year.
Use the keyword DigitalCosts-OV to override the eligible digital conversion costs that applies to the corporation on line 58 of Quebec form CO-1029.8.36.PR.
Use the keyword Credit-OV.dm to override the tax credit that applies to the corporation on line 79 of Quebec form CO-1029.8.36.PR.
Use the keyword Equity-TaxCr to enter information relating to the Newfoundland and Labrador direct equity tax credit or the Nova Scotia innovation equity tax credit.
The following options are applicable for the keyword Equity-TaxCr.
Newfoundland and Labrador direct equity - Sch. 303 Use this option if the corporation is an eligible investor that purchased eligible shares from a corporation carrying on an eligible business in Newfoundland and Labrador.
Nova Scotia innovation equity - Sch. 349 Use this option if the corporation made direct equity investments on or after April 1, 2019 and before March 1, 2024 in other Nova Scotia businesses.
Use the keyword Cred-Amount to enter the receipt number as well as the actual amount of the direct equity tax credit.
Use the keyword Credit-Amount to enter the certificate number as well as the actual amount of the innovation equity tax credit.
Use the keyword Trans-Amalg to enter the credit that has been transferred to the corporation following an amalgamation or wind-up of a subsidiary.
Use the keyword Amount-CF.d to enter the amount of the direct equity tax credit to carry forward into the current year and earned in the particular year of reference.
The corporation may carry forward the tax credit for a maximum of 7 years.
The following options are applicable for the keyword Amount-CF.d.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
Use the keyword Amount-CB.d to request a carryback of a current year direct equity tax credit earned.
The corporation may carry back the current year tax credit earned for a maximum of 3 years.
The following options are applicable for the keyword Amount-CB.d.
1st prior year
2nd prior year
3rd prior year
Use the keyword Credit-OV to override the credit claimed in the current year as calculated by DT Max.
Use the keyword Employment to indicate which type of employment credit you wish to claim.
The following options are applicable for the keyword Employment.
Federal apprenticeship job creation tax credit Choose this option if, after May 1, 2006, you paid salaries to apprentices in the first 24 months of their apprenticeship contract.
British Columbia shipbuilding tax credit Eligible shipbuilding and ship repair industry employers can receive a refundable tax credit of 20 per cent of wages paid per year, up to $5,250, per eligible apprentice in the first 24 months of an eligible apprenticeship program, and can also receive similar credits based on an apprentice's completion of higher training levels.
Eligible shipbuilding and ship repair industry employers who claim the new tax credits will not be eligible to claim training tax credits under the existing training tax credit program. The tax credits for shipbuilding and ship repair industry for employers are effective starting October 1, 2012 and will expire at the end of 2019.
British Columbia training tax credit Choose this option if you paid salary or wages after December 31, 2006, to an employee enrolled in a prescribed training program administered through the British Columbia Industry Training Authority. This will provide a refundable tax credit to employers.
Ontario co-operative education tax credit This tax credit is for co-operative work placements commencing after July 31, 1996, and leading edge technology work placements commencing after December 31, 1997. A work placement is generally considered to be a full-time work assignment for up to 4 months in duration.
Manitoba co-op education refund cr. (after 06/03/06) Choose this option to enter a credit for a work placement that ended after March 6, 2006. This credit earned is refundable and cannot be carried back or carried forward.
Use the keyword Credit-Type to choose the type of tax credit that applies to the apprentice.
The following options are applicable for the keyword Credit-Type.
Basic credit B.C.'s basic credits will complement the Government of Canada's incentive for training. It will provide similar incentives to the 79 B.C.-recognized (non-Red Seal) apprenticeship programs not currently eligible for the federal incentives.
Basic tax credit The basic tax credit (Red Seal and non-Red Seal) is available during an employee's first 24 months of an eligible apprenticeship program.
Completion credit B.C.'s completion credits will apply to both Red-Seal and non-red Seal apprenticeship training programs and provide further benefits tied to the completion of higher training levels.
Enhanced credit To encourage greater participation in trades training in respect to First Nations individuals or persons with disabilities, employer tax credits will be 50 per cent higher than they would otherwise receive.
Enhanced tax credit The enhanced training tax credit applies only to the following employees: - eligible First Nations individuals (defined as persons registered as Indians under the Indian Act); or - persons with disabilities (defined as persons eligible, for themselves, for the federal disability amount on their income tax and benefit return).
Youth work experience hiring incentive
Co-op student hiring incentive
Co-op graduate hiring incentive
Apprentice hiring incentive
Apprentice hiring incentive (rural or northern)
Apprentice hiring incentive for high school
Journeyperson hiring incentive
Use the keyword Level.c to indicate the level of completion of the apprenticeship program.
The following options are applicable for the keyword Level.c.
Use the keyword Registration.c to enter the registration/identification number provided by SkilledTradesBC. If there is no registration/identification number, enter the social insurance number (SIN) or the name of the employee.
Use the keyword Program.c to enter the name of the Red Seal or non-Red Seal program that the employee is enrolled in.
The Red Seal programs follow national standards for content, assessment and achievement while non-Red Seal training follows provincial standards.
Use the keyword Program.cr to enter the name of the Red Seal program that the employee is enrolled in.
The Red Seal programs follow national standards for content, assessment and achievement.
Use the keyword Salaries.c to enter the salaries and wages payable for each apprentice. The salaries and wages are net of any other government and non-government assistance received, to be received, or that you are entitled to receive, other than the training tax credit, the shipbuilding and ship repair industry tax credit,and the federal investment tax credit on apprenticeship job creation.
Use the keyword Salaries.cr to enter the salaries and wages payable for employment for each apprentice. The salaries and wages are net of any other government and non-government assistance received, to be received, or that you are entitled to receive, other than the training tax credit, the shipbuilding and ship repair industry tax credit, and the federal investment tax credit on apprenticeship job creation.
The following options are applicable for the keyword Salaries.cr.
Use the keyword NameEmployee.c to enter the name of the employee.
Use the keyword Salary to enter the total salaries paid by the corporation for employee work placement and total salaries paid for employee work placement.
The following options are applicable for the keyword Salary.
Salaries paid by corp or partnership for work placement The total salary and wages paid to the employee by corporation or partnership less the amount of any government assistance received or receivable in relation to that employment.
If the salary and wages were paid by a partnership in which the corporation is a general partner, enter the corporation's pro rata share of the salary and wages so paid by the partnership.
Total salaries paid for employee work placement The total salary and wages paid to the employee by all the employers less the total of all government assistance received or receivable by them in relation to that employment.
Use the keyword PrevYr-Credit to enter the amount of incentive for the previous year for this work placement.
Use the keyword Employ-Days to enter the number of days in the qualifying period of employment.
Use the keyword CrAlloc-Part to enter the amount of credit allocated for employee whose salary and wages were paid by a partnership.
The incentive that a corporation may claim under subsection (6) of the Manitoba Income Tax Act in respect of a period of employment is reduced by the amount, if any, that the corporation may claim under subsection 127(9) of the federal Act as an investment tax credit for an apprenticeship expenditure in respect of the apprentice.
Use the keyword FedApprentice-Cr to enter the amount received or receivable from Federal apprenticeship job creation tax credit.
Enter the name of the partnership using the keyword Partner-Name.e, for purposes of the Schedule 550. The same name must also be entered in the keyword Name.re within the RelatedParty group in order to allow entry of other data pertaining to the partnership.
Use the keyword University.e to enter the name of the university, college, or other eligible educational institution where the student is enrolled in a qualifying education program.
Use the keyword Ed-Program.e to enter the name of the qualifying co-operative education program in which the student is enrolled.
Use the keyword Name-Student.e to enter the first name and last name of the individual enrolled in a qualifying education program.
Use the keyword Work-Start.e to enter the start date of the work term of the student enrolled in a qualifying education program. A work term cannot exceed four months in duration.
Use the keyword Work-End.e to enter the end date of the work term of the student enrolled in a qualifying education program.
Use the keyword Weeks.e to enter the number of consecutive weeks of the qualifying work placement completed by the student before March 27, 2009 and after March 26, 2009.
The following options are applicable for the keyword Weeks.e.
# of consecutive weeks before March 27, 2009
# of consecutive weeks after March 26, 2009
Use the keyword Elig-Costs.e to enter the amount of eligible cost of work placement of the student enrolled in a qualifying education program.
The following options are applicable for the keyword Elig-Costs.e.
Eligible expenditures before March 27, 2009
Eligible expenditures after March 26, 2009
Use the keyword Cr-AssistRepaid to enter the amount of government assistance multiplied by the eligible percentage for the tax year in which the assistance was received.
If the corporation is a related corporation, use the keyword Sole-Claimer to indicate whether it has been agreed that the corporation is the only employer that will be claiming the apprenticeship job creation tax credit for the current tax year for the apprentices listed.
The following options are applicable for the keyword Sole-Claimer.
Use the keyword ContractNum to enter the apprenticeship contract number registered with Canada, or a province or territory. If there is no contract number, enter the social insurance number (SIN) or the name of the eligible apprentice.
Use the keyword Code.e to enter the Red Seal code of the apprenticeship that would qualify for the apprenticeship job creation tax credit.
Use the keyword Salaries.e to enter the salaries and wages paid after May 1, 2006 for each apprentice.
Use the keyword ProvCr-Alloc.e to enter the apprenticeship job creation tax credit allocated to the corporation that is a member of a partnership as well as the credit deemed as a remittance of co-op corporations.
The following options are applicable for the keyword ProvCr-Alloc.e.
Credit allocated from partnership Choose this option to enter the amount of the current year tax credit earned on expenditures incurred by a partnership to which the corporation belongs.
Credit deemed as remittance of co-op
Use the keyword Amount-CB.e to request a carryback of the apprenticeship job creation tax credit earned in the current year.
The corporation may carry back the current-year tax credit earned for a maximum of 3 years.
The following options are applicable for the keyword Amount-CB.e.
1st prior year
2nd prior year
3rd prior year
Use the keyword Credit-OV.e to override the co-operative education tax credit claimed in the current year as calculated by DT Max.
Use ForCountry to enter total foreign income, foreign tax credits for the current year or carried forward, limits on foreign tax credits, Fed ITA sect. 20(12) foreign tax deduction, sect. 110.5 foreign tax addition and foreign tax credits carried back which relate to the country specified here.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 221 - Foreign tax credit
Line 632 - Foreign non business income tax credit
Line 636 - Foreign business income tax credit
See the CRA's general income tax guide:
Line 632 - Federal foreign non-business income tax credit
Line 636 - Federal foreign business income tax credit
NetIncOV-For will override the total net income (business or non business) for the specified country on schedule 21.
The following options are applicable for the keyword NetIncOV-For.
Use [Alt-J] to enter different values for other jurisdictions.
Use FORTAXCRLIM to limit the foreign tax credit (business or non business) to be claimed for this country. DT Max will claim the lesser of the limit entered and the maximum allowable credit calculated on schedule 21.
The following options are applicable for the keyword ForTaxCrLim.
Use [Alt-J] to enter different values for other jurisdictions.
Use FOR20(12)LIM to limit the Fed ITA sect. 20(12) foreign non business tax deduction to be claimed for this country. DT Max will claim the lesser of the limit entered and the maximum allowable claim as calculated by DT Max and described below.
DT Max will otherwise optimize the 20(12) deduction as the difference between foreign taxes paid and the maximum allowable foreign tax credit. Use [Alt-J] to enter different values for other jurisdictions.
FOR110-5LIM allows you to limit the Fed ITA 110.5 addition to taxable income for this country. DT Max will add the lesser of the limit entered and the maximum allowable addition as calculated by DT Max and described below.
If FOR110-5LIM is not used, DT Max will optimize the addition if the corporation is in a loss situation by adding an amount which is sufficient to allow the corporation to take advantage of the foreign tax credits available, as follows:
the lesser of: i) total Foreign income and
ii) total Foreign taxes / effective Federal tax rate
The amount added to taxable income is added to the corporation's current year non capital loss on schedule 4.
The same amount added federally must also be added to Alberta taxable income; Quebec allows a different amount to be added, if any. However, for taxation years ending after 1992, no Quebec foreign tax addition is allowed; instead, the unused foreign non business tax credit can be carried forward seven years. Use [Alt-J] to enter different values for other jurisdictions.
Use FORBUSCB to indicate that the current year foreign business tax credit is being carried back. The amount carried back will appear on schedule 21 for this country.
The following options are applicable for the keyword ForBusCB.
1st prior year
2nd prior year
3rd prior year
Use FORINVCB to indicate that the current year foreign non business tax credit is being carried back. The amount carried back will appear on the CO-17S.39-Supp schedule of carryforwards for this country. The carryback must be requested separately by amending the prior year return or requesting its amendment.
The following options are applicable for the keyword ForInvCB.
1st prior year
2nd prior year
3rd prior year
Enter all foreign business tax credits carried forward for this country in FORBUSCF. DT Max will print these amounts on schedule 21-Supp. When the current year foreign business tax credit is calculated, these credits will be used.
The following options are applicable for the keyword ForBusCF.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
9th prior year
10th prior year
Quebec allows carryforwards of foreign non business tax credits. Enter all such tax credits carried forward for this country in FORINVCF. DT Max will print these amounts on the CO-17S.39-Supp schedule.
The following options are applicable for the keyword ForInvCF.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
9th prior year
10th prior year
11th prior year
12th prior year
13th prior year
14th prior year
15th prior year
16th prior year
17th prior year
18th prior year
19th prior year
20th prior year
Use the keyword For-Transf to enter the amount of foreign tax credits transferred from amalgamation or wind-up of subsidiary.
Use the keyword ForTaxProv to enter the amount of provincial foreign tax credits.
The following options are applicable for the keyword ForTaxProv.
Use the keyword FuelCharge-Cr to indicate whether or not you wish to claim the Return of Fuel Charge Proceeds to Farmers tax credit (Federal Schedule 63).
This is a refundable tax credit equal to the eligible farming expenses attributable to the designated province for the tax year multiplied by the payment rate for the calendar year for the designated province. You must have incurred eligible farming expenses in Ontario, Manitoba, Saskatchewan or Alberta and the total gross eligible farming expenses must be at least $25,000 in order to be eligible for this credit.
The following options are applicable for the keyword FuelCharge-Cr.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 273 - Return of fuel charge proceeds to farmers
Line 795 - Return of fuel charge proceeds to farmers
See the CRA's general income tax guide:
Line 795 - Return of fuel charge proceeds to farmers tax credit
Use the keyword Farm-Exp-Ded to enter the total farming expenses that represent amounts deducted in calculating net income from farming for income tax purposes.
Use the keyword NonArms-Trans to enter the amount of non-arm's length transactions. This is the portion of the amount claimed on Schedule 63 line 80 from non-arm's length transactions. This amount is excluded from the calculation of the eligible farming expenses.
Use the keyword GrossRev-Alloc to enter the amount of gross revenue attributable to the designated province as well as the total gross revenue.
DT Max will automatically pick up the relevant proportion from Federal Schedule 5. However, should you wish to enter a different proportion, you can use this keyword as well as the keyword Salaries-Alloc, if applicable, to do so.
The following options are applicable for the keyword GrossRev-Alloc.
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
Gross revenue attributable to Ontario
Gross revenue attributable to Manitoba
Gross revenue attributable to Saskatchewan
Gross revenue attributable to Alberta
Total gross revenue
Use the keyword Salaries-Alloc to enter the amount of salaries and wages paid in designated province as well as the total salaries and wages paid.
DT Max will automatically pick up the relevant proportion from Federal Schedule 5. However, should you wish to enter a different proportion you can use this keyword as well as the keyword GrossRev-Alloc, if applicable, to do so.
The following options are applicable for the keyword Salaries-Alloc.
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
Salaries and wages paid in Ontario
Salaries and wages paid in Manitoba
Salaries and wages paid in Saskatchewan
Salaries and wages paid in Alberta
Total salaries and wages paid
Use the keyword Partner-Alloc to enter the amount of the partnership allocation tax credit for the designated province. This is the amount from box 237 from each of the T5013 slips.
The following options are applicable for the keyword Partner-Alloc.
Use Mine-Refund to enter the mining reclamation tax credit refund / qualifying environmetal trust tax credit allowed to the corporation.
The following options are applicable for the keyword Mine-Refund.
Ontario
Saskatchewan
British Columbia
Use the keyword Mining to indicate whether or not the corporation is claiming a mining exploration tax credit.
The following options are applicable for the keyword Mining.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 231 - ITC
Use the keyword Mine-Cert to enter the miner certificate number.
Use the keyword Mineral to enter the types of minerals for which exploration has taken place.
Use the keyword Proj-Name to enter the name of the project associated with the qualified mining exploration expenses reported.
Use the keyword Mine-Title to enter the mineral title of the qualified mining exploration expense reported.
Use the keyword Mine-Div to enter the mining division of the qualified mining exploration expense reported.
Use the keyword ProvCr-Alloc.m to enter the mining exploration tax credit allocated to the corporation.
The amount entered will appear on federal Schedules 31 and 421.
The following options are applicable for the keyword ProvCr-Alloc.m.
Credit allocated from partnership Choose this option to enter the amount of the current year tax credit earned on expenditures incurred by a partnership to which the corporation belongs.
Credit deemed as remittance of co-op
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Expenses.m to specify the period during which mining expenses were incurred.
The following options are applicable for the keyword Expenses.m.
Prescribed areas
Outside prescribed areas
Use the keyword Mining-Exp to indicate the category and amount of qualified mining exploration expenses.
The following options are applicable for the keyword Mining-Exp.
Prospecting
Geological, geophysical, or geochemical surveys
Drilling by rotary, diamond, percussion, or other
Trenching, digging test pit, preliminary sampling
Other (specify)
Use the keyword Assist-Mine to enter as a positive value the total amount of all assistance (grants, subsidies, rebates, and forgivable loans) or reimbursements that the corporation has received or is entitled to.
Also use this keyword to enter as a negative value the total amount of assistance repaid.
Use the keyword OdourControl to enter information relating to federal schedule 385 (Manitoba odour control tax credit).
The following options are applicable for the keyword OdourControl.
Use the keyword Transf-Amalg to enter the credit transferred to the corporation upon amalgamation or wind-up of a subsidiary.
Use the keyword Amount-CF.o to enter the amount of the odour control tax credit to carry forward into the current year and the year in which the credit originated.
The corporation may carry forward the tax credit for a maximum of 10 years.
The following options are applicable for the keyword Amount-CF.o.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
9th prior year
10th prior year
11th prior year
Use the keyword Credit-OV.o to override the odour control tax credit claimed in the current year as calculated by DT Max.
The following options are applicable for the keyword Credit-OV.o.
Use the keyword Ont-Transition to enter information relating to the Ontario transitional tax debits and credits calculation found on federal schedule 506.
The following options are applicable for the keyword Ont-Transition.
Use the keyword Credit-CF to enter the unused transitional tax credit carried forward from the previous year (amount from line 580 of the previous year).
Use the keyword Cr-Transf-CF to enter the unused transitional tax credit transferred from a predecessor corporation or a subsidiary on an eligible amalgamation or an eligible post-2008 windup.
Use the keyword Fed-Balance.o to enter the components of a corporation's total federal balance.
The following options are applicable for the keyword Fed-Balance.o.
UCC open from fed. Sch. 8 (override)
Charitable donations CF from fed. Sch. 2 (override)
Gifts to Canada/province CF from fed. Sch. 2 (override)
Gifts of cultural prop. CF from fed. Sch 2 (override)
Gifts of ecological prop. CF from fed. Sch 2 (override)
Gifts of medicine CF from fed. Sch 2 (override)
CEC open from fed. Sch. 10 (override)
SR&ED exp. pool CF from fed. Sch. 32 (override)
Cdn exploration exp. CF from fed. Sch. 12 (override)
Cdn development exp. CF from fed. Sch. 12 (override)
Cdn oil & gas exp. CF from fed. Sch. 12 (override)
Non-capital losses CF from fed. Sch. 4 (override)
Net capital losses CF from fed. Sch. 4 (override)
Total reserves deducted under s.20 for Ont.
1/2 of total reserves deducted under s.40 for Ont.
Other deductions claimed for Ont. but not federally.
ACB of partnership interests owned by corp. for fed.
Gain from a neg. ACB of partnership interest for Ont.
Farming income under s.28(1)(b) for fed.
Opening federal balance
Use the keyword Ont-Balance.o to enter the components of a corporation's total Ontario balance.
The following options are applicable for the keyword Ont-Balance.o.
UCC open from Ont. Sch. 8 (override)
Charitable donations CF from Ont. Sch. 2 (override)
Gifts to Canada/province CF from Ont. Sch. 2 (override)
Gifts of cultural prop. CF from Ont. Sch 2 (override)
Gifts of ecological prop. CF from Ont. Sch 2 (override)
Gifts of medicine CF (override)
CEC open from Ont. Sch. 10 (override)
SR&ED exp. pool CF from Ont. Sch. 161 (override)
Adjusted Ontario SR&ED incentive balance
Cdn exploration exp. CF from Ont. Sch. 12 (override)
Cdn development exp. CF from Ont. Sch. 12 (override)
Cdn oil & gas exp. CF from Ont. Sch. 12 (override)
Non-capital losses CF from CT23 (override)
Net capital losses CF from CT23 (override)
Total reserves deducted under s.20 for fed.
1/2 of total reserves deducted under s.40 for fed.
ACB of partnership interests owned by corp. for Ont.
Gain from a neg. ACB of partership interest for Fed.
Farming income under s.28(1)(b) for Ont.
Opening Ontario balance
Use the keyword Trans-Balance to choose the type of transitional balance.
The following options are applicable for the keyword Trans-Balance.
Eligible amalgamation (federal)
Eligible amalgamation (Ontario)
Eligible post-2008 windup (federal)
Eligible post-2008 windup (Ontario)
Eligible pre-2009 windup (federal)
Eligible pre-2009 windup (Ontario)
Specified pre-2009 transfers (federal)
Specified pre-2009 transfers (Ontario)
Use the keyword Name-Pred to enter the name of the predecessor corporation with a PE in Ontario.
Use the keyword Name-Sub to enter the name of the wound-up subsidiary with a PE in Ontario.
Use the keyword Fed-Balance to enter either the total federal balance of the predecessor corporation immediately before the eligible amalgamation or the total federal balance of the subsidiary corporation immediately after the completion time of the windup.
Use the keyword Ont-Balance to enter either the total Ontario balance of the predecessor corporation immediately before the eligible amalgamation or the total Ontario balance of the subsidiary corporation immediately after the completion time of the windup.
Use the keyword Days.t to enter the applicable days in the reference period.
A corporation's "reference period" is the period that begins at the beginning of the corporation's first taxation year ending after 2008 and that ends either five calendar years later or, if earlier, the end of 2013. For a corporation with a taxation year that includes the start of 2009, the beginning of its reference period coincides with its transition time.
The following options are applicable for the keyword Days.t.
Days in pred. reference period before amalg.
Total days in reference period of pred. corp.
Days in sub. refer. period after sub. yearend
Total days in sub. reference period
Total days in parent's reference period
Days in parent refer. period after beg. of year
Use the keyword Transfers-Amt to enter the amount of specified pre-2009 transfers.
If you are the transferee and have received a property in your tax year ending in 2008, enter the transferor's adjusted POD. If you are the transferor and have disposed of a property in your tax year ending after 2008, enter the transferee's AOC.
The following options are applicable for the keyword Transfers-Amt.
Use the keyword Election-R&D to indicate if the corporation is making an election under clause (b) of the definition of "I" in paragraph 1 of subsection 48(4) of the Taxation Act, 2007 (Ontario).
This election may be made if the tax year includes January 1, 2009 or the previous tax year-end is deemed to be December 31, 2008, under subsection 249(3).
The following options are applicable for the keyword Election-R&D.
Use the keyword Early-Terminate to indicate the reason for the early termination of the amortization period, if it applies to the corporation.
The following options are applicable for the keyword Early-Terminate.
Ceases to have permanent establishment in Ont.
Exempt from tax under Part I of fed. Act
Elects to prepay transitional tax debit
Accelerated pymt. of transitional tax credit
Use the keyword EarlyTerm-Date to enter the date of early termination of the amortization period.
Use the keyword Relevant-OAF to enter the relevant Ontario allocation factor.
The following options are applicable for the keyword Relevant-OAF.
Greatest OAF for 2006, 2007 or 2008
Greatest weighted OAF for 2006, 2007 or 2008
Relevant OAF from 2009 yearend - previous year
Use the keyword Prev-Years.o to enter the previous years information, if electing to reduce the federal SR&ED expenditure pool.
The following options are applicable for the keyword Prev-Years.o.
Federal SR&ED limits ending after Dec. 31, 2008
SR&ED deduction after Dec. 31, 2008
Total of tax on elected reduced SR&ED pool
Federal current SR&ED deficits
Line 170 from 2009 yearend
Use the keyword Days-Period-OV to override to number of days in the reference period or the number of days in the amortization period.
The following options are applicable for the keyword Days-Period-OV.
DT Max will add back all political contributions entered in PoliticContr to net income on schedule 1. The amount entered will be used to calculate the allowable federal and provincial political contribution tax credits.
Attach receipts related to the political contributions to the tax returns filed where a credit or deduction (Ontario only) is being requested on the return.
The following options are applicable for the keyword PoliticContr.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 201 - Reconciliation
Use Politic-CF to enter the amount of political contributions that have been carried forward.
The following options are applicable for the keyword Politic-CF.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
9th prior year
10th prior year
11th prior year
12th prior year
13th prior year
14th prior year
15th prior year
16th prior year
17th prior year
18th prior year
19th prior year
20th prior year
21st prior year
Use Politic-Lim to limit the political contributions to be used in order to claim the tax credit this year for purposes of federal schedule 525.
This amount may not exceed the maximum allowable current year Ontario political contribution tax credit.
Use the keyword ProvCreditOV to override provincial credits to be claimed this year. These credits are relevant only if the corporation operates in the province to which the credit relates.
The following options are applicable for the keyword ProvCreditOV.
All spend film & video production tax credit - NFLD & Lab. The All Spend Film and Video Production Tax Credit is a refundable corporate income tax credit that is available to eligible corporations at the rate of 40% of eligible production costs, to a maximum tax credit of $10 million annually per project.
Capital investment tax credit - N.S. This is a refundable tax credit of 15% for qualified property acquired after December 31, 2014, and before January 1, 2025, for use in Nova Scotia as part of a capital project that exceeds $15 million in total cost. The tax credit is available to corporations primarily in the manufacturing and processing, farming, fishing, and logging sectors.
Child care centre development tax credit - Manitoba The Child Care Centre Development Tax Credit is available for corporations that create new child care centres for a total benefit of $10,000 per new infant or preschool space created, claimable over five years. The credit would be available for licensed spaces created by a taxable corporation that is not primarily engaged in child care services, effective after March 12, 2018 and before 2021. The total number of spaces will initially be limited to 200 under this program, but may be increased over time.
Clean buildings tax credit - B.C.
Community enterprise development tax credit - Manitoba
Cultural industries printing tax credit - Man.
Environmental trust tax credit - Ontario
Digital media tax credit - B.C. The BC Interactive Digital Media Tax Credit (IDMTC) program provides a refundable 17.5% tax credit on eligible salary and wages incurred by eligible corporations to develop interactive digital media products in British Columbia after August 31, 2010 and before September 1, 2015.
Digital media tax credit - Newfoundland & Labrador Effective January 1, 2015, eligible companies developing eligible interactive digital media (IDM) products in the province may avail of the new Newfoundland and Labrador IDM tax credit. This credit will be 40% of qualifying expenditures.
Digital media tax credit - N.S. The digital media tax credit is a refundable tax credit for costs directly related to the development of interactive digital media products.
Green energy equip. tax cr. - MB The green energy manufacturing tax credit is a refundable tax credit that is equal to 10% of the value of qualifying property in Manitoba and sold before 2019 for residential or commercial use in Manitoba. Qualifying property includes wind power, solar energy, geothermal and hydrogen fuel cell equipment.
Interactive digital media tax credit - Man.
Venture capital tax credit - B.C. The British Columbia venture capital tax credit can be claimed on eligible investments made in qualifying venture capital corporations. Any unused credits can be carried forward four years. Claim the credit on Schedule 5 (T2S-TC). Enter the credit claimed in the ProvCreditOV keyword.
SR&ED refundable tax credit - MB
Regional opportunities investment tax credit - Ontario This is a new 10 per cent refundable tax credit for capital investments. A Canadian-controlled private corporation that makes qualifying investments that become available for use on or after March 25, 2020 in specified regions of Ontario would be eligible for the tax credit.
Qualifying investments would be eligible expenditures for capital property included in Class 1 and Class 6 for the purposes of calculating capital cost allowance. Qualifying investments would include expenditures for constructing, renovating or acquiring eligible commercial and industrial buildings and other assets. The tax credit will be available for qualifying expenditures over $50,000 and up to $500,000 in a taxation year.
Rental housing construction incentive tax credit - Man. The Manitoba rental housing construction tax credit will provide $8,500 for the construction of new market-rate rental units and $13,500 for units classified and maintained as affordable units for a period of least 10 years. Construction must begin on or after January 1, 2024, to be eligible. The credit will be fully refundable to non-profit organizations. For other businesses, $8,500 will be fully refundable on all units, with an additional $5,000 non-refundable credit available over 10 years for affordable units.
General business carbon price rebate - Yukon
Mining business carbon price rebate - Yukon
Use the keyword # to enter the certificate number.
Use the keyword Cred-Avail to enter the credit available.
Use the keyword Transfer-Amalg to enter the credit transferred on an amalgamation.
Use the keyword Prev-Yr-Cr to enter the credit at the end of the preceding year.
Use the keyword Resort-Property if you are a qualifying investor that made an eligible investment in a qualifying resort development property unit in Newfoundland and Labrador after June 13, 2007.
The following options are applicable for the keyword Resort-Property.
Use the keyword Credit.r to enter the receipt number and the amount of the resort property investment tax credit.
Use TaxWithheld to enter any income taxes withheld at source as shown on information slips received by the corporation such as the NR4B, T4A or T4A-NR slips. These are taxes other than instalment payments or foreign taxes. The amount entered here will appear on line 800 of the T2 return. Attach the information slips supporting the taxes withheld to the T2 return filed.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 800 - Tax withheld at source
See the CRA's general income tax guide:
Lines 800 and 801 - Tax withheld at source
Use QC-TaxWithheld to enter any income taxes withheld at source if the corporation has received, for services performed in Quebec, a payment that was subject to withholding tax at source. The amount entered here will appear on line 440b of the CO-17 return.
Use the keyword TotPayments to enter the total payments received on which tax was withheld at source.
This information will appear on page 8 of the federal jacket (Schedule 200) and on page 1 of the Quebec jacket (CO-17). Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T2 Line-by-Line Guide (subscription required):
Line 801 - Total payments on which tax has been withheld
See the CRA's general income tax guide:
Lines 800 and 801 - Tax withheld at source
Use VentCap-BC to enter the amount invested in a qualified venture capital corporation during the current taxation year. DT Max will calculate the amount of credit allowed as 30% of the amount entered here. The credit claimed will appear on line 656 of schedule 5. Any unused credits can be carried forward for four taxation years.
To override the calculated credit, enter the amount to be claimed in the ProvCreditOV keyword relating to the B.C. venture capital credit.
The corporation can claim a 30% non-refundable Newfoundland and Labrador venture capital tax credit if the corporation is a qualifying investor and received a certificate for the year or has unused tax credits from any of the three previous years ending after 2013.
The maximum lifetime credit that a qualifying investor can claim is $75,000 based on one or more qualifying investments totalling $250,000.
The following options are applicable for the keyword VentCap-TaxCr.
Use the keyword CurrYr-Credit.v to enter the total of all credit amounts from venture capital tax credit certificates received for the tax year.
Use the keyword CurrYrCredit to enter the certificate number issued by the Minister of Finance and Treasury board of the province for the current tax year and the corresponding amount.
Use the keyword Amount-CF.v to enter the amount of the venture capital tax credit to carry forward into the current year and the year in which the credit originated.
The corporation may carry forward the tax credit for a maximum of 7 years.
The following options are applicable for the keyword Amount-CF.v.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
Use the keyword Amount-CB.v to request a carryback of the venture capital tax credit earned in the current year.
The corporation may carry back the current-year tax credit earned for a maximum of 3 years.
The following options are applicable for the keyword Amount-CB.v.
1st prior year
2nd prior year
3rd prior year
Use the keyword Credit-OV.v to override the venture capital tax credit claimed in the current year as calculated by DT Max.
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