  Historical information |
Use the keyword Cap-History.ch to report the historical information for the deemed disposition of qualified shares in a qualified public corporation.
Historical information for previous tax years should be entered by the user for each new client. DT Max will automatically carry forward the information of the current year, if applicable.
This information will be carried forward until the income tax becomes payable on the 20th anniversary.
The following options are applicable for the keyword Cap-History.ch.
Use the keyword Deemed-Disp.ch to record the date the deemed disposition of the qualified shares took place. The user need only enter this information for new clients.
Income tax attributable to the deemed disposition of a qualified share of a qualified public corporation becomes payable on the 20th anniversary of the deemed disposition or on the actual disposition of the qualified share.
However, where a succession or trust distributes a qualified share to one of its beneficiaries, the debt represented by the income tax attributable to the deemed disposition of the qualified share may become that of the beneficiary, provided that the share remains a qualified share immediately after the distribution.
Use the keyword Corp-Name.ch to record the name of the qualified public corporation in which there was a deemed disposition of its shares.
Use the keyword Corp-NEQ.ch to enter the Quebec enterprise number (NEQ) for the qualified public corporation.
Use the keyword Corp-ID-Number.ch to enter the corporation's identification number.
Use the keyword Deferred-Tax-CF to indicate in which prior year the deemed disposition was declared and the amount of income tax deferred.
This information will be carried forward until its 20th anniversary.
The following options are applicable for the keyword Deferred-Tax-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
Use Cap-History to report the historical information for each type of gain or loss claimed by the taxpayer in prior years.
The following options are applicable for the keyword Cap-History.
Qualified small business corporations shares In the year of disposal, DT Max will classify the gain or loss as a qualified small business corporation gain or loss. Otherwise, DT Max will classify the gain or loss as a non-qualified small business corporation gain or loss.
Qualified farm property Choose this option if you are reporting a capital gain or loss from a disposition of qualified farm property.
Qualified fishing property
Qualifying business transfer
Personal use property Personal use property losses are not deductible. The minimum proceeds and adjusted cost base for such property upon disposal is $1,000.
Listed personal property Listed personal property losses are only deductible against listed personal property gains.
Other capital property
Eligible capital property - farming This represents the taxable capital gains from eligible capital property.
Eligible capital property (deemed) This is the taxable capital gains from eligible capital property (other than qualified farm property) as reported on line 544 of federal schedule 3.
Ineligible taxable capital gain This the amount of ineligible taxable capital gains included in CNIL as additional investment income.
Capital losses of previous years used This is the deduction claimed for net capital losses of prior years (old capital losses) from line 52 of the federal income tax return and line 92 of the Quebec income tax return.
ABIL deductions This is the deduction claimed for allowable business investment losses from line 217 of the federal income tax return and line 234 of the Quebec income tax return.
Reduction in ABIL This is the amount calculated as the capital loss arising from a reduction in business investment losses in a particular year.
Allowable capital losses claimed in 1985 (l.127)
Inclusion rate for year 2000
Inclusion rate for year 2001
Gain from reserves for pre-85 disposition
TCP gains balance for mutual fund trust This is a mutual fund trust's taxable Canadian property (TCP) gains balance at the end of the previous year. This amount will be used on schedule 10 to calculate the non-resident beneficiaries' TCP gains distribution.
Use CapGain-Loss to enter the total amount of taxable capital gain (or loss) declared in the relevant year.
The following options are applicable for the keyword CapGain-Loss.
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2015 (before 21/04/15)
2015 (after 20/04/15)
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Use [Alt-J] to enter different values for other jurisdictions.
Use Cap-Gain-Ded to enter a deduction for capital gains declared in the relevant year.
The following options are applicable for the keyword Cap-Gain-Ded.
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Yr2000-Rate to enter the capital gain rate applied in year 2000. Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Cap-rate to enter the capital gain rate applied in the year. Use [Alt-J] to enter different values for other jurisdictions.
Use Amount.ch to enter the amount of capital loss deducted in the relevant year or the ineligible capital gain of that particular year.
The following options are applicable for the keyword Amount.ch.
Before May 23, 1985
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Gain-Designated to enter the amount of eligible taxable capital gains that was designated to a beneficiary in earlier years to determine the amount eligible for a capital gains exemption on schedule 3.
The following options are applicable for the keyword Gain-Designated.
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Use [Alt-J] to enter different values for other jurisdictions.
Use Amount.hist to enter the trust's taxable capital property gains balance at the end of the previous year.
This amount is required to calculate on schedule 10 the mutual fund trust's TCP gains balance for the year.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward. This information is useful for comparative purposes and is especially required for a tax client subject to, or potentially subject to, instalments.
The following options are applicable for the keyword Trust-Hist.
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 Year-End.hist to enter the year-end of the trust for the year of reference (referred to in Trust-Hist).
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current trust type and carry it forward. This keyword is relevant for Qualified Disability Trusts and for Graduated Rate Estates.
For QDT, this information is useful to track whether a recovery tax may be required. In certain cases, diagnostics will be generated when it deems that a recovery tax may be applicable.
The following options are applicable for the keyword TrustType.h.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the taxable income and carry it forward. This keyword will be used to calculate the recovery tax on form T3QDT-WS. Use [Alt-J] to enter different values for other jurisdictions.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the federal tax paid and carry it forward. This keyword will be used to calculate the recovery tax on form T3QDT-WS.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the provincial or territorial tax paid and carry it forward. This keyword will be used to calculate the recovery tax on form T3QDT-WS.
The following options are applicable for the keyword ProvTaxPayable.his.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the Quebec tax paid and carry it forward. This keyword will be used to calculate the recovery tax on Schedule H.
Use the keyword AdditionalTax-RESP to enter the prior year additional tax on registered education savings plan accumulated income payments (line 32 of T3 Schedule 11).
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically.
This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year. This amount will be subtracted from the amount entered with the keyword FedTaxPayable.h . The total will then be entered on line 2 of T3QDT-WS.
Use the keyword Dividend-GrossUp.h to enter the total gross-up amount of dividends retained or not designated by the trust for a prior year.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
Use the keyword Div&DonationTaxCr to enter the total dividend tax credits and donations and gifts tax credit found on line 19 of the T3 Schedule 11.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
Use the keyword OtherFedTaxCr.his to enter the total amount of other federal tax credits on line 30 of T3 Schedule 11 of prior years.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
Use the keyword MinTaxCF-Used.his to enter the minimum tax carryover from previous years used on line 19 of T3 Schedule 11 of prior years.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
Use the keyword ProvTaxCredit.his to enter the prior year total provincial or territorial tax credits from the applicable provincial or territorial form.
Historical information for previous tax years should be entered by the user for each new client. DT Max will generate the information of the current year and carry it forward automatically. This keyword is relevant to calculate the recovery tax for trusts that were a QDT in a previous year.
The following options are applicable for the keyword ProvTaxCredit.his.
Net-Tax-Owed total amount payable by instalments
Net-Tax-Owed-QC total amount payable by instalments for Quebec
Use the keyword Non-Resident-Hist to enter the date of the deemed disposition of a specified immovable in a prior year. This date should be immediately before a specified trust became a resident in Canada and was required to declare a any capital gain on the deemed disposition on its specified immovable.
This keyword will automatically be generated the year following a deemed disposition of a specified immovable. This information is required to complete form TP-785.2.6 when an inter vivos trust plans to dispose of a specified immovable it owned when it became a resident in Canada after March 19, 2012.
The keyword Immov-Address.h will automatically be generated in the taxation year following the deemed disposition of the specified immovable. All specified immovables held at the time the trust became resident in Canada will be listed with this keyword. This information will be captured on form TP-785.2.6 section 4 when there is a planned disposal of a specified immovable.
The keyword Proceeds.hist will be automatically generated following the year in which there is a deemed disposition of a specified immovable due to an inter vivos trust becoming resident in Canada.
The deemed proceeds should be equal to the FMV of the immovable at the time immediately before becoming resident in Canada.
This information will be captured on the form TP-785.2.6 section 4, listing all the specified immovables held at the time the trust became resident in Canada.
ACB-Disp.hist adjusted cost base of the deemed disposition
Cap-GainOV.hist override of the capital gain on the deemed disposition
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Deemed-Disp.ch 
Immov-Address.h 
Proceeds.hist