  What's new for T1/T3 Internet version 28.10? |
The latest DT Max program update is now available for downloading. It features the T1/TP-1 program for the tax years 2013 to 2024 inclusively and fully supports T1/TP-1 EFILE. It also features the T3/TP-646 program for the tax years ending from 2013 to 2024 inclusively. Installing this version will update your version of DT Max to 28.10.
Please note that all program versions are made available on the Internet.
In this version...
DT Max T1
- CRA's NOA service now available in DT Max
- Quebec Tax Data Download now available in DT Max
- Version highlights
- Update on the Canada Revenue Agency's administration of the proposed capital gains taxation changes
- Extension of 2024 charitable donations to February 28, 2025
- BC home flipping tax effective in 2025
- Extension of the Accelerated Investment Incentive and Immediate Expensing Measures
- Quebec Pension Plan (QPP) contributions
- Exchange rate and other prescribed rates
- Preliminary status advisory - Important notice
- Revised forms
- New keywords
- Deleted keywords
- New options
- Deleted options
DT Max T3
- EFILE
- Printing
DT Max T1
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CRA's NOA service now available in DT Max
Our NOA service module has now been certified by the CRA and is available in version 28.10 of DT Max, starting February 24, 2025, for the delivery of the 2024 tax year notice of assessment in the software.
For more information on this feature, please consult the CRA NOA service and the Procedure to download using the CRA's NOA service documents available in our knowledge base.
Please note that this service is no longer referred to as "Express NOA". However, there is no change to the functionality.
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Quebec Tax Data Download now available in DT Max
Please note that our Quebec Tax Data Download service module has now been certified by Revenu Québec and is available in version 28.10 of DT Max, starting February 24, 2025, for the delivery of 2024 tax year data. As of this date, the delivery of tax data will continue to be available for the 2023, 2022, and 2021 tax years. However, only the power of attorney (MR-69) will allow the preparer to be authenticated in previous years since the Download Code will only be usable in the current year.
The following RL slips have been added by Revenu Québec in the Data available for download in 2024 and subsequent tax years:
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RL-11 (flow-through shares)
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RL-13 (ownership certificate)
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RL-14 (information about a tax shelter)
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RL-18 (securities transactions)
For more information on this feature, please consult the Quebec Tax Data Download and the Procedure to download tax data from Revenu Québec documents, available in our knowledge base.
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Version highlights
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Update on the Canada Revenue Agency's administration of the proposed capital gains taxation changes
The Department of Finance announced on January 31, 2025, that it will introduce legislation in Parliament in due course, related to the capital gains inclusion rate change with a new effective date of January 1, 2026. The announcement confirms the government's intention that, effective for dispositions that occur on or after January 1, 2026, the inclusion rate will increase from one-half to two-thirds on capital gains realized in excess of $250,000 annually for individuals and on all capital gains realized by corporations and most types of trusts.
As a result, the Canada Revenue Agency (CRA) has reverted to administering the currently enacted capital gains inclusion rate of one-half. This means that all capital gains realized before January 1, 2026, will be subject to the currently enacted inclusion rate of one-half, unless an exemption applies.
The announcement also confirmed that the government intends to maintain the existing coming into force date of the proposed increase to the Lifetime Capital Gains Exemption (LCGE) limit to $1.25 million of eligible capital gains included in the previous Notice of Ways and Means Motion (NWMM) tabled in Parliament on September 23, 2024. This measure remains unchanged, and the CRA will continue to administer the proposed change, which applies to dispositions that occur on or after June 25, 2024. Indexation of the LCGE would resume in 2026.
Individuals - Proposed capital gains rule changes effective January 1, 2026
The CRA will grant relief in respect of late-filing penalties and arrears interest until June 2, 2025, for impacted T1 Individual filers to provide additional time for taxpayers reporting capital dispositions to meet their tax filing obligations.
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Extension of 2024 charitable donations to February 28, 2025
Donations made up to and including February 28, 2025, will be eligible for a 2024 tax credit.
Draft legislation for this was released by the Department of Finance on January 23, 2025.
Canada Revenue Agency has confirmed that it will proceed with administering the 2024 deadline extension for charitable donations.
The extension applies to individuals and corporations, for gifts made by cash, cheque, credit card, money order, or electronic payment. Donations of shares do not qualify for the extension.
Normally, a donation must be received by the charity by December 31 in order to receive an official charitable donation receipt for that taxation year. In the case of the 2024 donation extension, the donation must be received by the charity by February 28, 2025.
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BC home flipping tax effective in 2025
The BC 2024 Budget created a home flipping tax, even on your principal residence, if sold within 2 years of purchase, and if sold on or after January 1, 2025. This will not be part of the annual income tax return.
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Extension of the Accelerated Investment Incentive and Immediate Expensing Measures
The Accelerated Investment Incentive, which provides an enhanced first-year capital cost allowance (CCA) for most depreciable capital property, began phasing out in 2024 and is set to be fully eliminated after 2027. Immediate expensing measures for manufacturing or processing machinery and equipment, clean energy generation and energy conservation equipment, and zero-emission vehicles are also currently phasing out on the same timeline.
The 2024 Fall Economic Statement proposes to fully re-instate the Accelerated Investment Incentive and immediate expensing measures for a five-year period, with a four-year phase-out after 2029.
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Quebec Pension Plan (QPP) contributions
Changes to QPP contributions came into effect on January 1, 2024.
Second additional QPP contribution
You must pay a second additional QPP contribution on the part of your salary or wages or your income from self-employment that exceeds the maximum pensionable earnings for the year ($68,500 for 2024), up to the additional maximum pensionable earnings for the year ($73,200 for 2024).
Employee or self-employed person aged 60 or over who receives a disability pension under the QPP
If you are 60 or over and you receive both a disability pension and a retirement pension under the QPP, you must continue making QPP contributions on your salary or wages or your income from self-employment.
Employee or self-employed person aged 65 or over who elects to stop making QPP contributions
If you are 65 or over but under 73 at the end of the year and you receive a retirement pension under the QPP or the Canada Pension Plan (CPP), you can elect to stop making QPP contributions.
Employee or self-employed person who turns 73 during the year
You no longer have to make QPP contributions as of January 1 of the year you turn 73. See the instructions for lines 248 and 445, as well as Schedule U.
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Exchange rate and other prescribed rates
Please note that the exchange rate used by default for the conversion of US dollar amounts to Canadian currency has been updated in DT Max according to the latest information available on the Bank of Canada's website.
The wording in the drop-down menu options for the keyword Exchange.t has also been updated to display the 2024 annual average exchange rates for each country, according to information published by the Bank of Canada.
In addition, the rates for meal and vehicle expenses that are used in the calculation of travel expenses have also been updated.
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Preliminary status advisory - Important notice
Please note that the following federal forms should not be sent to the Canada Revenue Agency (CRA), either in paper or electronic format, as they are currently under development or have not yet been finalized by the CRA:
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T657
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T691
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T2048
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T936
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T1170
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T1A
We kindly ask you to wait until official guidelines are published regarding the use and submission of these forms. Be sure to review our updates regularly.
The following Quebec forms are currently available in preliminary version:
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Schedule G
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TP-726.20.2
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TP-766.3.4
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TP-729
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TP-232.1
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TP-776.42
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TP-772
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TP-1012.A
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TP-726.7
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Revised forms
Federal
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T1 - Income Tax and Benefit Return
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T1 - Income Tax and Benefit Return (British Columbia)
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Schedule 3 - Capital Gains or Losses
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RC381 - Inter-Provincial Calculation for CPP and QPP Contributions and Overpayments
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Monthly proration table for 2024 has been moved to Part 2.
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Addition of 2 columns regarding additional maximum pensionable earnings and amount subject to second additional contributions to the above table.
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New lines C, D, E and F regarding additional maximum CPP pensionable earnings, maximum CPP pensionable earnings, basic CPP exemption and amount subject to CPP second additional contributions.
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New lines G, H, I and J regarding additional maximum QPP pensionable earnings, maximum QPP pensionable earnings, basic QPP exemption and amount subject to QPP second additional contributions.
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In Part 3, the following lines were added:
– Line 25 to enter the total amount from box 16A of all T4 slips.
– Line 26 to enter the required second additional contributions on CPP pensionable earnings.
– Line 45 to enter the total amount from box 17A of all T4 slips.
– Line 46 to enter the required second additional contributions on QPP pensionable earnings.
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New Part 3a must be completed if amount from line 71 is positive.
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New Part 3b must be completed if amount from line 71 is equal to zero or negative.
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In Part 4 and Part 5, new fields were added and some fields were removed.
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RC383 - Tax-Exempt Earned Income and Contributions for a Pooled Registered Pension Plan
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T90 - Income Exempt from Tax under the Indian Act
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T657 - Calculation of Capital Gains Deduction
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In Step 1 - Calculate your annual gains limit for 2024
– Line 1 takes the total of lines 10684, 10686 and 10688 of Schedule 3.
– Line 3 takes the total of lines 10700, 11000 and 12400 of Schedule 3.
– Line 5 takes the total of lines 30 and 33 of Form T2017.
– The inclusion rate on line 7 is 50%.
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In Chart 2015 - Capital gains deduction
– Part 3b is now Part 1 - QFFP and QSBCS.
– Part 3c is now Part 2 - QFFP.
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In Chart 2016 - Capital gains deduction
– Part 3d is now Part 1 - QFFP and QSBCS.
– Part 3e is now Part 2 - QFFP.
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In Chart 2017 - Capital gains deduction
– Part 3f is now Part 1 - QFFP and QSBCS.
– Part 3g is now Part 2 - QFFP.
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In Chart 2018 - Capital gains deduction
– Part 3h is now Part 1 - QFFP and QSBCS.
– Part 3i is now Part 2 - QFFP.
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In Chart 2019 - Capital gains deduction
– Part 3j is now Part 1 - QFFP and QSBCS.
– Part 3k is now Part 2 - QFFP.
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In Chart 2020 - Capital gains deduction
– Part 3l is now Part 1 - QFFP and QSBCS.
– Part 3m is now Part 2 - QFFP.
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In Chart 2021 - Capital gains deduction
– Part 3n is now Part 1 - QFFP and QSBCS.
– Part 3o is now Part 2 - QFFP.
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In Chart 2022 - Capital gains deduction
– Part 3p is now Part 1 - QFFP and QSBCS.
– Part 3q is now Part 2 - QFFP.
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In Chart 2023 - Capital gains deduction
– Part 3r is now Part 1 - QFFP and QSBCS.
– Part 3s is now Part 2 - QFFP.
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In the new Chart 2024 - Capital gains deduction
– The calculation is divided into two periods (Period 1 before June 25 and Period 2 after June 24).
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In Chart 2 - Calculate your capital gains deductions from previous years (2015-2023)
– New lines have been added to the calculation.
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T691 - Alternative Minimum Tax
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In Part 1 - Adjusted taxable income and minimum amount
– The section Resource property and flow-through shares has been moved to a new Part 9.
– Addition of a new line for the amount from line 6 of the new Part 9.
– Line 67890 has been removed.
– Addition of Period 1 (Dispositions before June 25, 2024) and Period 2 (Dispositions after June 24, 2024), regarding Gifts of publicly listed securities.
– Line 47 is now Limited partnership losses of other years.
– Line 50 is now The amount of non-capital losses of other years, including restricted farm losses or farm losses.
– Line 53 is now Union, professional, or like dues.
– Line 54 is now Child care expenses.
– Line 57 is now Disability supports deduction.
– Line 58 is now Moving expenses deduction.
– Line 59 is now Deduction for CPP or QPP contributions on self-employment income and other earnings.
– Line 60 is now Deduction for CPP or QPP enhanced contributions on employment income.
– Line 61 is now Deduction for PPIP premiums on self-employment income.
– Line 62 is now Clergy residency deduction.
– Line 63 is now Canadian Armed Forces personnel and Police deduction.
– Line 64 is now Northern residents deductions.
– Addition of two sections in order to calculate Non-deductible property expenses and Non-deductible office and employment expenses.
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In Part 2, Part 3 and Part 6
– Lines have been renumbered.
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In Part 4 - Special foreign tax credit
– Lines have been renumbered.
– New line 67940 was added and the applicable rate has increased to 20.5%.
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In Part 5 - Obligation to pay alternative minimum tax
– Lines have been renumbered.
– Inclusion of the amount from line 15 of the T2038(IND) in the calculation.
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In Part 7 - Additional taxes paid for minimum tax carryover and in Part 8 - Applying a minimum tax carryover from previous years against 2024 tax payable
– Lines have been renumbered.
– Inclusion of line 8 of the T2038(IND) and the federal logging tax credit in the calculation.
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T776 - Statement of Real Estate Rentals
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T936 - Calculation of Net Investment Loss (CNIL) to December 31, 2024
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In Chart A, inclusion of lines 10684, 10686 and 10688 of Schedule 3 in the calculation.
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Also in Chart A, the inclusion rate on lines 12 and 18 is 50%.
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T1206 - Tax on Split Income Information
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If you are under 18 years of age at the end of the year, treat the amount on line G as a non-eligible dividend. Multiply it by 1.15 and report this result on the Federal Worksheet, and on lines 12000 and 12010 of your tax return.
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If you are 18 or older, the amount from line G should be entered on the appropriate lines of Schedule 3. Furthermore, 50% of the capital gain from each disposition reported on lines A, B, C, and F should be calculated and entered on line 3 in Part 1 on page 7.
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T1255 - Designation of a Property as a Principal Residence by the Legal Representative of a Deceased Individual
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When Part 4 has to be completed, line 57 should be included on line 10697 of Schedule 3 if the disposition or the deemed disposition occurred before June 25, 2024, or on line 15800 of the same Schedule if the disposition or the deemed disposition occurred after June 24, 2024.
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In the other cases where completing Part 4 is not required, line 54 should be included on line 10697 of Schedule 3 if the disposition or the deemed disposition occurred before June 25, 2024, or on line 15800 of the same Schedule if the disposition or the deemed disposition occurred after June 24, 2024.
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T2091 - Designation of a Property as a Principal Residence by an Individual (Other Than a Personal Trust)
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When Part 4 has to be completed, line 57 should be included on line 10697 of Schedule 3 if the disposition or the deemed disposition occurred before June 25, 2024, or on line 15800 of the same Schedule if the disposition or the deemed disposition occurred after June 24, 2024.
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In the other cases where completing Part 4 is not required, line 54 should be included on line 10697 of Schedule 3 if the disposition or the deemed disposition occurred before June 25, 2024, or on line 15800 of the same Schedule if the disposition or the deemed disposition occurred after June 24, 2024.
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T2205 - Amounts from a Spousal or Common-law Partner RRSP, RRIF or SPP to Include in Income
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Schedule of Allowable Business Investment Loss, 2024
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Two tables added for dispositions before June 25, 2024 (Period 1) and dispositions after June 24, 2024 (Period 2).
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New section Business investment loss reduction for Period 1 and Period 2.
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The inclusion rate for 2024 on line H is 50%.
Quebec
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TP-1 - Income Tax Return
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Schedule G - Capital Gains and Losses
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In Part A.1 - Capital property disposed of after June 24, 2024
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In Part C.1 - Qualified farm or fishing property and qualified small business corporation shares disposed of after June 24, 2024
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In Part D.1 - Shares disposed of after June 24, 2024, as part of a qualifying business transfer
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In Part E - Taxable capital gains (or net capital losses)
– Lines 94.2 to 98 have been deleted.
– Lines 95.2 to 99 have been deleted.
– Lines 100 to 101 have been deleted.
– The inclusion rate for line 107 is 50%.
– Lines 104 to 107.3 have been deleted.
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In Part F - Principal residence
– Lines 220 to 292 have been deleted.
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Work Charts
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TP-80 - Business or Professional Income and Expenses
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TP-726.7 - Capital Gains Deduction on Qualified Property
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For Part 2 - Gains limit for 2024
– Addition of new lines and distinction between two periods (before June 25, 2024, and after June 24, 2024) for calculating net capital gains giving entitlement to the deduction.
– The rates on lines 1.3 and 1.4 for Period 2 remain at 1/2.
– Lines 1.6, 7.8, 11.4, 11.5, 13.1 and 13.2 have been deleted.
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For Part 4 - Unused portion of the deduction
– This part has been divided into 2 sections: the period from January 1 to June 24, 2024, and the period from June 25 to December 31, 2024.
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For Part 5 - Capital gains deduction on qualified property for 2024
– Lines 50 and 52 have been deleted.
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TP-726.20.2 - Capital Gains Deduction on Resource Property
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In Part 2 - Eligible taxable capital gains amount
– Subsections 2.1.1, 2.1.2, 2.1.3 and 2.1.4 have been deleted.
– Lines 101 to 27.1 have been deleted.
– Section 2.3 is now section 2.2.
– Line 28.1 has been deleted.
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In Part 3 - Limit on exploration expenses incurred in Québec
– Sections 3.1 and 3.2 have been deleted.
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In Part 5 - Capital gains deduction on resource property
– Subsections 5.1, 5.2, 5.3 and 5.4 have been deleted.
– Lines 60.1 to 65.1 have been deleted.
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TP-729 - Carry-Forward of Net Capital Losses
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Lines 20.1 and 21 have been deleted from Part 3.
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For Work Charts 1 and 2, the calculation now takes into account the rate on line 137 of Schedule G.
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TP-766.3.4 - Income Tax on Split Income
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In Part 2.1.2 - Ordinary dividends
– Line 14 now also takes into account boxes 12-14 of the RL-15 slip and A-7 and H-5 of the RL-16 slip.
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In Part 2.2 - Taxable capital gains
– The inclusion rate on line 33 remains at 50%.
– Lines 30.1 to 34.2 were added.
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In Part 2.3 - Other income
– Line 35 now also takes into account boxes 12-15 of the RL-15 slip and A-8 of the RL-16 slip.
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TP-772 - Foreign Tax Credit
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TP-776.42 - Alternative Minimum Tax
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In Part 1 - Alternative minimum tax
– New line 8.1.
– Lines 9, 26.1 and 26.2 have been deleted.
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In Part 2 - Alternative minimum tax carry-over
– New lines 47.10, 48.1, 48.2 and 52.2.
– Lines 52.1, 53, 54 and 55 have been deleted.
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In Work Chart 2 - Strategic investments
– Line 113 has been deleted.
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In Work Chart 4 - Other additions to taxable income, the following lines were added:
– Lines 146.1 to 146.4.
– Lines 157 to 157.12.
– Lines 158.1 to 159.4.
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In Work Chart 5 - Reduction of taxable income
– Lines 164 to 168, 170 and 171 were deleted.
– Lines 171.1 to 171.15 were added.
– The applicable rate on line 171.12 is 50%.
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In Work Chart 6 - Adjustments made further to the adjustment of investment expenses
– Lines 185, 188 and 189 have been replaced by lines 184.1, 184.2 and 184.3 respectively.
– Lines 196 and 197 have been replaced by lines 198a and 198b.
– Lines 209.1, 209.2 and 209.3 were added.
– The applicable rate on line 209.1 is 50%.
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A new Work Chart 7 - Non-refundable tax credits was added.
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TP-931.1 - Amounts from a Spousal RRSP or RRIF
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TP-965.39.4 - Calculation of the CIP Deduction
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TP-1012.A - Carry-Back of a Loss
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In section 2.1 - Net capital loss
– Lines 1.1 to 1.5 were added.
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In section 2.2 - Net loss on precious property
– Line 10 also takes the amount from line 118 of Schedule G.
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In section 2.4 - Non-capital loss
– Addition of lines 36.1, 38.1 and 44.1 pertaining to line 26.1 of Schedule L and lines 138 and 291 of Form TP-1 respectively.
In-house forms
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Tax returns checklist for 2024
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Estimated New Brunswick Canada carbon rebate payments for the Period from April 2025 to March 2026
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Estimated Alberta Canada carbon rebate payments for the Period from April 2025 to March 2026
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Estimated calculation for the Family allowance measure (Quebec) for the period July 2025 to June 2026
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Estimated GST/HST Tax Credit for the Period from July 2025 to June 2026
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Estimated Calculation for the Solidarity Tax Credit (July 1, 2025 to June 30, 2026)
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Estimated calculation for the Canada Child Benefit (CCB) for the Period from July 2025 to June 2026
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New keywords
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In the Capital-Gains keyword group, pertaining to federal Form T2091, Designation of a Property as a Principal Residence by an Individual (Other Than a Personal Trust):
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Surface-Area-Used : Percentage of the surface area that is used as a principal residence (default is 100%)
Use the keyword Surface-Area-Used to enter the percentage of the surface area that is used as a principal residence.
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Deleted keywords
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From the T-Slip keyword group, pertaining to the Quebec RL-26 slip following the deletion of boxes C and D:
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CRCD-Exchange: RL-26 Box C - Value of the exchanged Capital régional et coopératif Desjardins shares
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CRCD-ExchangeCr: RL-26 Box D - Tax credit [Que. L.422]
The credit for exchanged shares is no longer available.
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From the keyword Non-Compliant , pertaining to federal Form T776:
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Days-Short-term: Number of days the residential property was a short-term rentals
This keyword was deleted following the latest T776 update.
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New options
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For the keyword Cap-Gains in the T-Slip group, when the option "T4PS/RL-25" is selected:
Capital gains or losses (before June 25, 2024)
Capital gains or losses (after June 24, 2024)
QSBCS excluding reserves (before June 25, 2024)
QSBCS excluding reserves (after June 24, 2024)
QFFP excluding reserves (before June 25, 2024)
QFFP excluding reserves (after June 24, 2024)
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For the keyword Cap-Gains in the T-Slip group, when the option "T3/RL-16" is selected:
Capital gains or losses (before June 25, 2024)
Capital gains or losses (after June 24, 2024)
Portion - Split inc.: C/G deemed ord. div. after June 24
Portion - Split inc.: C/G deemed foreign div. after June 24
Portion - Split inc.: C/G deemed ord. div. bef. June 25
Portion - Split inc.: C/G deemed foreign div. bef. June 25
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For the keyword Elig-Cap-Gains in the T-Slip group,when the option "T3/RL-16" is selected:
QSBCS excluding reserves (before June 25, 2024)
QSBCS excluding reserves (after June 24, 2024)
QFFP excluding reserves (before June 25, 2024)
QFFP excluding reserves (after June 24, 2024)
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For the keyword Cap-Gains in the T-Slip group, when the option "T5/RL-3" is selected:
Capital gains or losses (before June 25, 2024)
Capital gains or losses (after June 24, 2024)
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For the keyword Footnotes.t4 in the T-Slip group, when the option "T4/RL-1" is selected:
[91] Security options ded. 110(1)(d) (RL-1,[L-12])
[91] Security options ded. of Innov. SMEs (RL-1,[L-13]
[92] Security options ded. 110(1)(d.1) (RL-1,[L-12]
[92] Security options ded. of Innov. SMEs Q (RL-1,[L-13]
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For the standalone keyword Oth-Inv-Exp :
Premiums on life insurance policies used as collateral.
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Deleted options
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From the keyword Other-Income.t in the T-Slip group, when the option "T4A" is selected:
[205] F13000 One-time payment for older seniors [RY].
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From the keyword Non-Compliant in the Business group, when the option "T776" is selected:
Non-compliant amount of CCA (N.B. This option was deleted as a result of the latest T776 update.)
The following keywords related to this option have been moved under the CCA-Class group:
Unit-number.nc : Unit number (short-term rentals)
Related-Portion : Related portion of the total of the short-term rental expenses
Days-NonCompliant : Number of days the residential property was a non-compliant short-term rental
DT Max T3
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EFILE
Due to updates concerning the capital gains inclusion rate, there has been a delay in releasing the final forms and specifications.
As a result, DT Max T3 will not be certified by the EFILE opening date of February 24.
The current version includes system files that will block the electronic submission of any T3 returns, T3 slips, or Relevé 16 (RL-16) slips for the 2024 and 2025 tax years.
If you attempt to efile, you will receive a message indicating that efiling is blocked at both the federal and provincial (Quebec) levels.
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Printing
This version also includes T3 system files that will prevent the printing of T3 and TP-646 returns and all related forms and slips for trusts with a taxation year-end of December 31, 2024, and onwards.
Attempts to print will result in a message informing users that the return cannot be filed, and printing will be blocked at both the federal and provincial (Quebec) levels.
February 19, 2025
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