DT Max - What's new for T1/T2 Internet version 28.01?

What's new for T1/T2 Internet version 28.01?

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 the T2 program for fiscal periods ending from 2013 to 2025 and fully supports Corporation Internet Filing (T2, CO-17 and AT1).

Please note that in regard to the T1/TP-1 program, version 28.01 supports paper filing but does not support EFILE transmission for taxation year 2024 due to its early release date. The EFILE module will be integrated in the next version of DT Max that will be stamped 28.10 and made available via www.thomsonreuters.ca/en/dtpro to all DT Max clients. This will take place as soon as we receive all relevant certifications towards the end of January or early February 2025.

Furthermore, please be advised that this issue is an abridged version of the standard T1 "What's New" release notes as it only provides a basic recap of changes implemented. Detailed keyword and tax change information will be released with version 28.10 of DT Max T1.

In this version...

For DT Max T1 and T2

Mandatory efiling criteria - Reminder

DT Max T1

Program certification
Version highlights
New forms
Revised forms
Deleted forms
New diagnostics
1. Notes and diagnostics
2. Error prevention report
New keywords
Deleted keywords
New options
Changes pertaining to the client letter
1. New variables
Changes pertaining to the billing
1. New items
Preliminary status advisory
DT Max references (links to our Knowledge Base)

DT Max T2

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

For DT Max T1 and T2

Mandatory efiling criteria - Reminder

For T1

Please note that starting in 2024, tax preparers who file more than 5 (five) federal or 5 (five) Quebec returns must file them electronically. This has been revised from the previous limit of 10 (ten).

For T2

The Canada Revenue Agency, Revenu Québec, and the Alberta Tax and Revenue Administration have all eliminated the mandatory electronic filing threshold of $1 million in gross revenue.

For taxation years beginning in 2024, all corporations that are eligible for Corporation Internet Filing, whether their gross revenue is in excess of $1 million or not, will be required to electronically file their returns.

In addition, starting in 2024, tax preparers who file more than 5 (five) federal, 5 (five) Quebec, or 5 (five) Alberta returns must file them electronically. This has been revised from the previous limit of 10 (ten).

DT Max T1

Program certification

DT Max is certified for paper filing under the following authorization numbers:

Federal: RC-24-119

Quebec: RQ24-TP01

The paper version of Quebec form MR-69 has also been approved under authorization number RQ19-MR69-201911-IP002.

Likewise, the paper versions of Quebec forms TPZ-1029.MD.7, TPZ-1029.MD.8 and TPZ-1029.MD.9 have also been approved under authorization numbers TPZ-1029.MD.7-202410-IP001, TPZ-1029.MD.8-202410-IP001 and TPZ-1029.MD.9-202410-IP001 respectively.
Version highlights
1. Federal
  1. Canada pension plan (CPP) and Québec pension plan (QPP) enhancement
    
    A second CPP/QPP contribution limit was introduced January 1, 2024. This new limit, or second earnings ceiling, subjects worker's earnings to two earnings limits. Employees and employers each contribute an additional 4% on earnings above the first earnings ceiling, up to the amount of the second earnings ceiling. For self-employment income and other earnings, an additional 8% is contributed by the individual. Contributions through employment will appear in box 16A and 17A of your T4 slip as "Employee's second CPP contributions (CPP2)" and "Employee's second QPP contributions (QPP2)", respectively.
    
    For more information about the CPP enhancement, go to canada.ca/cpp-enhancement. For information about the QPP enhancement and QPP contributions, go to canada.ca/qpp-contributions-paid and select "Québec Pension Plan Contributions".
  2. Legislative proposal on non-compliant short-term rentals
    
    In its 2023 Fall Economic Statement , the federal government proposed to deny deductions for short-term rentals for taxpayers where there is non-compliance with provincial or municipal laws or regulations related to short-term rentals, starting on January 1, 2024. The federal government is now planning to take action to crack down on short-term rentals, which are keeping homes for Canadians off the market.
    
    This initiative will be accomplished by denying income tax deductions for expenses incurred to earn short-term rental income on residential properties by taxpayers who are not complying with provincial or municipal rules or restrictions.
    
    The Department of Finance released draft legislation on December 20, 2023, to implement this proposed measure for non-compliant short-term rental expenses incurred on or after January 1, 2024.
    
    Taxing net income
    
    The Income Tax Act (ITA) supports the concept of deducting expenses incurred to earn income from a business or property which are not specifically restricted by statute. There are various provisions in the ITA which were approved by Parliament that deny or delay the deduction of certain expenses (e.g., personal expenses - denied, or capital expenses - delayed), resulting in a tax base subject to our progressive tax rates.
    
    The deduction of parliamentary-approved expenses incurred to earn income from a business or property is extremely important to properly measure the net income of the activity in question and to ensure the taxpayer's ability to pay the resulting tax.
    
    Draft legislation
    
    The December 20, 2023 draft legislation restricting the expenses incurred to earn income from short-term rentals is in proposed section 67.7 of the ITA, and can be broken down as follows:
    - What is a non-compliant short-term rental?
    - How is this non-compliant amount calculated?
    What is a non-compliant short-term rental?
    
    To have a non-compliant short-term rental, the following three conditions must be present: (1) You have a residential property, (2) offered as a short-term rental, (3) that is non-compliant.
    
    These three conditions are specifically defined in the proposed legislation as follows:
    - residential property - all or any part of a house, apartment, condominium unit, cottage, mobile home, trailer, houseboat or other property located in Canada, the use of which is permitted for residential purposes under applicable law
    - short-term rental - a residential property that is offered for rent for a period of less than 90 consecutive days
    - non-compliant short-term rental - means, at any time, a short-term rental that is located in a province or municipality that, at that time,
      - does not permit the operation of a short-term rental at the location of the short-term rental;
      - requires registration, a licence, or a permit to operate as a short-term rental, if the short-term rental does not comply with all registration, licensing and permit requirements.
    How is this non-compliant amount calculated?
    
    The amount of expenses to be denied for a given taxation year in respect of a non-compliant short-term rental is based on the formula, A × B ÷ C, where:
    - A = the total of all outlays made, or expenses incurred, in the taxation year in respect of the use of a residential property as a short-term rental in the taxation year
    - B = the number of days in the taxation year that the residential property was a non-compliant short-term rental
    - C = the number of days in the taxation year that the residential property was a short-term rental
    Given that the formula is taking a proration of the total short-term rental expenses based on the number of non-compliant days, the deductibility of expenses may be altered in years where a short-term rental becomes or ceases to be compliant. There is a proposed transitional rule for 2024 resulting in deemed full compliance throughout the year if a short-term rental is in a province or municipality that requires registration, a licence, or a permit to operate as a short-term rental, and the operator of the short-term rental complies with all such requirements on December 31, 2024.
  3. Capital gains deduction for qualifying business transfer
    
    This deduction is available to individuals on the sale of shares of a qualifying business transfer where certain conditions are met. An individual can claim a deduction of up to $10 million on capital gains realized on the sale. If multiple individuals disposed of shares of the same business as part of a qualifying business transfer and met all of the conditions, they may each claim a deduction but the total exemptions for the qualifying business transfer cannot be more than $10 million.
  4. Volunteer firefighters' amount and search and rescue volunteers' amount
    
    The volunteer firefighters' amount (VFA) and search and rescue volunteers' amount (SRVA) have increased from $3,000 to $6,000 for eligible individuals who performed at least 200 hours of combined eligible volunteer service during the year.
2. Quebec
  1. Implementation of Form TP-752.0.13.1, Expenses for Medical Services Not Available in Your Area
    
    Starting with the 2024 tax year, you can generate this form. Please refer to the New keywords section for details.
3. Reminder: Tax review tools
  
  Questionnaire added for tax preparers regarding information and documents to be provided by taxpayers to complete their tax returns.
  
  This is a reminder that the new questionnaire allowing tax preparers to request information directly from their clients is available in our software for 2023 and subsequent tax years. This update is designed to make it easier for you to gather the information you need and to improve the efficiency of your tax preparation process. Over 200 tax review questions have been developed for this purpose.
  
  We are pleased to inform you that we have added new options to the questionnaire this year to enhance your experience and better meet your needs. Please refer to the New options section of the What's new for more details.
New forms
Federal
- T2048 - Capital Gains Deduction for Qualifying Business Transfers
Quebec
- Schedule U - Contribution and Deduction Related to the Québec Pension Plan (QPP)
- TP-21.4.39 - Cryptoasset Return
Manitoba
- T1294 - Manitoba Green Energy Equipment Tax Credit
Revised forms
Federal
- Federal Worksheet
  - Addition of line 24901, Additional deduction for security options.
- Schedule 3 - Capital Gains (or Losses)
  - Part 1 - Principal residence, was added in respect of the designation of a property as a principal residence.
  - Addition of Part 2 - Flipped property.
  - In Part 3 - Total gains or losses on dispositions, there are now two periods for the dispositions that occurred between January 1 and June 24, 2024 (Period 1) and the dispositions between June 25 to December 31, 2024 (Period 2).
  - In Part 4, two columns were added for Period 1 and Period 2 to calculate the net capital gains or losses (Amount A for Period 1 and Amount B for Period 2). Also, new fields 19710 (Period 1) and 19720 (Period 2) were added regarding the portion of capital gains that the taxpayer is claiming a deduction for at line 25400 of the return.
  - In Part 5 - Taxable capital gains or net capital loss, use amounts C and D in Part 4 to determine the calculations to be made.
  - Addition of Part 6 - Capital gains reduction. Note: If claiming the additional security options deduction, complete the chart for line 24901 using the federal worksheet before completing this part.
  - Addition of Part 7 - Capital gains reduction add-back.
- Schedule 8 - Canada Pension Plan Contributions and Overpayment
  - In Part 2 - Number of months to use for your CPP contributions calculation, a column was added for the amount of additional maximum pensionable earnings and another column for the amount subject to second additional contributions. New lines B, C, D and E were also added.
  - In Part 3 - Contributions and overpayment on employment income, new line 14, Total from box 16A of all of your T4 slips, as well as new line 15, Required second additional contributions on CPP pensionable earnings: amount from line 4, were added.
  - In Part 4 - Contributions on self-employment income and other earnings only (no employment income), new line 12, Required second additional contributions on CPP pensionable earnings: amount from line 6, was added.
  - In Part 5 - Contributions on self-employment income and other earnings when you also have employment income, line 49, Required second additional contributions on CPP pensionable earnings: amount from line 46, was added.
- Schedule 15 - FHSA Contributions, Transfers and Activities
  - In Step 2: Calculate your annual FHSA limit for 2024, the following lines were added:
    
    – Line 4, Variable "B" amount of your annual FHSA limit for 2023.
    
    – Line 9, Your FHSA carryforward for 2024.
    
    – Line 11, Total transfers from your RRSPs to your FHSAs in 2023.
    
    – Line 14, Total designated transfers from your FHSAs to your RRSPs or RRIFs in 2023.
    
    – Line 17, Net RRSP-to-FHSA amount.
  - In Step 3: Calculate your FHSA deduction and unused FHSA contributions available to deduct in future years, these lines were added:
    
    – Line 28, Your annual FHSA limit from 2023.
    
    – Line 30, Your FHSA deduction for 2023.
    
    – Line 38, Your unused FHSA contributions available to deduct in future years.
- CPT20 - Election to Pay Canada Pension Plan Contributions
  - Part A is now Details of employment (all types except type N).
  - Part B is now Details of tax-exempt self-employment earnings on a reserve of an individual registered or entitled to be registered under the Indian Act (type N).
  - Part C is now Earnings that you elect to pay additional CPP contributions on.
- RC65 - Marital Status Change
  - New box Your spouse or common-law partner is a non-resident of Canada has been added.
- RC359 - Tax on Excess Employees Profit Sharing Plan Amounts
  - Line 8 was deleted.
- T1A - Request for Loss Carryback
  - Line Capital gains reduction (from line 12701) was added under Calculating income and loss.
  - Line Capital gains deduction for qualifiying business transfer or qualifiying cooperative conversion (from line 25395) was also added under Calculating income and loss.
  - Line 24901 was added to the line Security options deductions.
  - Lines 12905 and 12906 from the T1 return were added to Income from other sources.
  - Line 20805 of the T1 return was added to line E.
  - In Part 5 - Net capital loss for carryback, new calculation for the adjusted 2024 capital loss available for carryback.
- T89 - Alberta Stock Savings Plan Tax Credit
  - The credit amount on line 3 must be entered on line 47900 of the federal T1 return.
- T776 - Statement of Real Estate Rentals
  - In Part 3 - Income, new column and line 8140, regarding gross rents for short-term rentals.
  - In Part 4 - Expenses, new column regarding short-term rentals portion of total expenses, and new lines 9366 and 9367 for non-compliant amount and non-compliant amount of CCA.
  - New Chart A for non-compliant amount of expenses for short-term rentals.
  - New Chart B for non-compliant amount of CCA for short-term rentals.
- T936 - Calculation of Cumulative Net Investment Loss (CNIL) to December 31, 2024
  - Lines 2, 3, 4 of Chart A take amounts respectively from lines 10684, 10686 and 10688 of Schedule 3.
  - Lines 9, 10, 11 and 12 of Chart A take amounts respectively from lines 7, 12, 24 and 25 of the T2017 form.
  - Inclusion rate (IR) from line 27 of Schedule 3 is added to the calculation under lines 14 and 19.
- T1170 - Capital Gains on Gifts of Certain Capital Property
  - Addition of Period 1 - Dispositions from January 1 to June 24, 2024.
  - Addition of Period 2 - Dispositions from June 25 to December 31, 2024.
  - For Period 1, inclusion of the amounts from lines 1, 2 and 3 of column 8 in the total of lines 10690, 10694 and 10692 respectively of Schedule 3.
- T2017 - Summary of Reserves on Dispositions of Capital Property
  - Addition of Period 1 - Reserves on dispositions of capital property before June 25, 2024.
  - Inclusion of the amount of 2024 reserve for dispositions.
  - Addition of Period 2 - Reserves on dispositions of capital property after June 24, 2024.
- T2038 - Investment tax credit (Individuals)
  - New lines 67184 and 67185 were added regarding repayment of assistance for SR&ED.
- T2200 - Declaration of Conditions of Employment
  - Part B is now Employer information.
  - In Part C - Conditions of employment (formerly Part B), questions have been moved and renumbered and new questions were added pertaining to the area of the employee's home used for work.
Quebec
- TP-1 - Income Tax Return
  - Complete redesign of the layout. The form now has 6 pages instead of 4.
  - Lines 10.3 to 10.5 added with regard to preferences for receiving Alerts.
  - Line 96.2 added for second additional CPP contribution.
  - Line 98.2 added for second additional QPP contribution.
  - Line 138 added to allow reduction of the capital gains incurred after June 24, 2024, that were included on line 137.
  - Line 233.2 added in respect of losses incurred after June 24 and line 233 was changed for 233.1 for losses incurred before June 25.
  - Line 291 has been added with respect to the capital gains deduction for a qualifying transfer of business or a qualifiying cooperative conversion.
  - New code 26 - Deduction for single payment that includes one employer share, added for box 296.
  - Line 297.1 added for the additional deduction in respect of the security option deduction.
  - Line 298.2 added for Capital gains reduction adjustment.
- LE-35 - Contribution and Deduction Related to the QPP or the CPP
  - In Part 1, lines 1.1 and 2.1 were added in respect of the additional maximum pensionable earnings under the CPP and the QPP. Tables on pages 7 and 8 were also updated.
  - In Section 1.1, lines 23 to 25 were added in respect of the second additional contribution required under the CPP.
  - In Section 1.2, lines 48.11 to 49 were added in respect of the second additional contribution required under the QPP.
  - In Section 1.3, lines 50.1, 51.1, 53.2 and 54.2 were added in respect of the additional contributions under the CPP and the QPP and the second additional contributions required under the CPP and the QPP.
  - In Section 1.4, lines 73 to 79 were added for the calculation of the deduction for additional contributions under the QPP or the CPP.
  - In Part 2, line 85 is now used to enter the total amount of lines 50 and 51.
  - Line 104 has been deleted.
  - Lines 107.12 and 107.53 were added in respect of the second additional contribution under the QPP.
  - Lines 116 to 118 were added in respect of the deduction for the second additional contributions under the QPP.
- TP-232.1 - Business Investment Loss
  - In Part 3, Business investment losses sustained before June 25, Section 3.1 was added for losses sustained before reduction.
  - In Part 4, Business investment losses sustained after June 24, Section 4.1 was added for losses sustained before reduction.
  - In Part 5, formerly Part 4, new lines have been added for losses sustained before June 25 and after June 24.
- TP-274 - Designation of Property as a Principal Residence
  - The following lines were added:
    
    – Line 110, Proceeds of disposition
    
    – Line 111, Your share
    
    – Line 112, Surface area used as a principal residence
    
    – In Section 3.2, lines 118 to 123 were added for the calculation of your share according to the surface area used as a principal residence.
    
    – Lines 60, 89 and 102 take the amount from line 118.
    
    – Lines 60 and 90 take the amount from line 119.
    
    – Line 62 takes the amount from line 120.
    
    – Lines 80, 91 and 101 take the amount from line 121.
    
    – Line 81 takes the amount from line 122.
    
    – Line 92 takes the amount from line 123.
- TP-358.0.1 - Disability Supports Deduction
  - Line 6.1 has been deleted.
- TP-726.30 - Income Averaging for Forest Producers
  - In Part 5, lines 23 and 24 pertaining to years 2016 and 2017 were deleted and lines 28.5 and 28.6 pertaining to year 2023 were added.
  - In Part 6, lines 29, 30, 34 and 35 pertaining to years 2016 and 2017 were deleted and lines 60.9, 61, 61.1, 61.2, 61.3, 61.4, 61.5 and 61.6 pertaining to year 2023 were added.
  - In Part 7, line 71 was deleted and lines 78 and 84 were added.
- TP-1000.TE - Online Filing of the Personal Income Tax Return by an Accredited Person
  - Boxes By email, By text and By email and text were added in the Notifications section.
- Schedule F - Contribution to the Health Services Fund
  - Amounts from lines 101, 103 and 115 of Schedule U and from lines 112, 113 and 116 of Form LE-35 added to line 43.1.
- Schedule G - Capital Gains and Losses
  - Line 11 which refers to virtual currency transactions has been removed. It will be integrated in Form TP-21.4.39.
  - New layout for boxes 51, 53 and 55.
  - Line 55.1 has been deleted because it referred to the deleted Form TP-517.5.5.
  - Addition of Part D - Shares involved in a qualified business transfer and disposed of before June 25, 2024.
  - Parts A-1, B-1, C-1 and D-1 were added to distinguish capital gains (or losses) made before June 25, 2024, from those made after June 24, 2024.
  - Part E, formerly Part D, has been modified following the increase in the capital gains inclusion rate.
  - Line 96.1 has been deleted because it referred to the deleted line 55.1.
  - Addition of Part F, a new part on principal residence that requires an individual to designate the sale of a property as a principal residence.
  - New Part G is used to calculate the amount of the capital gains reduction, which will be entered on new line 138 of the return.
  - New Part H is used to calculate the amount of the capital gains reduction adjustment, which will be entered on new line 298.2 of the return.
  - New Part I is used to calculate an additional deduction to be entered on the new line 297.1 of the return.
- Schedule P - Tax Credits Respecting the Work Premium
  - Lines 14 and 34 were modified following the addition of line 26.1 from Schedule L.
- Schedule L - Business Income
  - Lines 16.1 and 26.1 added for cryptoassets. Complete Form TP-21.4.39.
- TPF-1.W - Keying Summary for the Income Tax Return
  - Addition of the new lines from the TP-1 tax return.
  - Line 233 replaced by lines 233.1 and 233.2.
- TPF-1.X - Keying Summary for the Schedules of the Income Tax Return and for Forms TP-25-V, TP-274-V, TP-752.PC-V, TP-1029.SA-V, TP-1029.TM-V and TP-1029.61.MD-V
  - Addition of Schedule U, Form TP-21.4.39 and new lines pertaining to Schedule G.
- Work Charts
  - Work charts 445 - QPP contribution for self-employment (Post-bankruptcy return) and 248 - Deduction for the QPP contribution on employment income, were deleted from the Quebec Work Charts but are included in the new Schedule U.
Provincial
- NS479 - Nova Scotia Credits
  - New subtotal added to line 4.
- PE428 - Prince Edward Island Tax and Credits
  - Lines 66 and 67 respecting the surtax have been deleted.
- MB479 - Manitoba Credits
  - For line 1, the following text in brackets was added: (or the amount that you would have entered if the instructions on line 23600 said "If negative, show in brackets").
  - New instructions were added regarding the calculation of the school taxes under Education property tax credit.
  - New line 46, Amount from line 45 of the previous page, was added.
  - For line 87, the following text was added: Complete Form T1294.
  - For line 88, the following text was added: 7.5% of the adjusted cost of geothermal heat pump systems.
- AB428 - Alberta Tax and Credits
  - Line 60 is used to enter the difference between line 145 and line 146 of Form T691.
  - Lines 67, 68 and 69 have been deleted.
  - To claim the unused amount from the Alberta Stock Savings Plan Tax Credit, Form T89 must be completed.
Deleted forms
Quebec
- TP-517.5.5 - Designating a Deemed Capital Gain Further to the Transfer of a Family Business
New diagnostics
1. Notes and diagnostics
  
  Quebec
  1. 378 Expenses for medical services not available in your area
    
    Warning
    The moving expenses as expenses for medical services not available in your area were not granted, because under the Distance keyword the number of kilometres between your new residence and the health establishment where the care was provided is greater than 80 km.
  2. 378 Expenses for medical services not available in your area
    
    Warning
    The moving expenses as expenses for medical services not available in your area were not granted, because under the Distance keyword the number of kilometres between your former residence and the health establishment where the care was provided is less than 200 km.
2. Error prevention report
  
  Quebec
  1. 164 Income and expenses from a partnership
    
    You have entered income from a partnership in a Business group by indicating with the keyword Ownership.l that the property type is a partnership. You must also enter the required information about the other members of the partnership with the keyword Bus-Partner .
  2. 164 Income and expenses from a partnership
    
    You have entered expenses incurred to earn partnership income in a Business group, but you must also record partnership income with the keyword PartShare-OV in the same Business group instead of the T-Slip group.
  3. 164 Sole proprietorship
    
    You have indicated with the keyword OWNERSHIP that the individual is a "Sole proprietorship" but you have recorded a partnership identification number in the keyword Que-Ident-Number . Please review the data entry.
  4. 164 Sole proprietorship
    
    You have indicated with the keyword OWNERSHIP that the individual is a "Sole proprietorship" but you have recorded expenses incurred to earn partnership income. Please review the data entry.
  5. 447 Was in a CHSLD (public or private that is under agreement) all year and claims the tax credit for home-support services for seniors
    
    You are claiming with the keyword Home-Support the tax credit for home-support services for seniors on line 458 and with the keyword Situation you selected the option "In a residential and long-term care centre" as the situation for all year to be exempt from paying the premium under the Quebec prescription drug insurance plan.
    
    The services included in the contribution to be paid for being accommodated in a public or private CHSLD under agreement are not eligible for the tax credit for home support, while they are for private CHSLDs not under agreement and seniors' residences in Part A of Schedule J.
    
    Two situations are possible:
    1. The taxpayer resides in a public or private CHSLD under agreement
      
      The services included in the contribution to be paid for accommodation in a building that is part of the public health and social services network are specifically excluded by law and therefore not eligible for the tax credit for home support.
    2. The taxpayer does not reside in a public or private CHSLD under agreement
      
      In this case, the taxpayer may have to pay the premium to the drug insurance.
    Please review the data entry.
New keywords
1. In the keyword Med-Out-Region under the Medical group, pertaining to Quebec Form TP-752.0.13.1, when the option "Medical services for you/your spouse" is selected:
  1. Medical-Serv-For : Select the person who received the medical services (TP-752.0.13.1 Part 2)
  2. Travel-km.s : Number of kms for travel expenses (simplified method) (TP-752.0.13.1 Part 8, L.19)
  3. Number-Meals.s : Number of meals for meals expenses (simplified method) (TP-752.0.13.1 Part 8, L.19)
  4. Travel-expenses.g : Travel expenses (TP-752.0.13.1 Part 8, L.19)
  5. Meals-expenses.g : Meals expenses (TP-752.0.13.1 Part 8, L.19)
  6. Lodging.m : Lodging expenses (TP-752.0.13.1 Part 8, L.20)
  7. MovingExpenses.med : Claim the moving expenses on the TP-752.0.13.1 Part 5, L.21
  8. Reimbursed-Expense : Total expenses reimbursed unless included in income (TP-752.0.13.1 Part 5, L.23)
2. In the keyword Med-Out-Region under the Medical group, pertaining to Quebec Form TP-752.0.13.1, when the option "Medical services for another person" is selected:
  1. Other-Relation : Select the relationship of the other person with you (TP-752.0.13.1 Part 2)
  2. Other-LastName : Last name of the other person who received the medical services (TP-752.0.13.1 Part 2)
  3. Other-FirstName : First name of the other person who received the medical services (TP-752.0.13.1 Part 2)
  4. Other-SIN : Social insurance number of the other person who received the medical services (TP-752.0.13.1 Part 2)
  5. Other-BirthDate : Date of birth of the other person who received the medical services (TP-752.0.13.1 Part 2)
  6. Other-Street : Address - street name of the other person who received the medical services (TP-752.0.13.1 Part 2)
  7. Other-City : Address - city of the other person who received the medical services (TP-752.0.13.1 Part 2)
  8. Other-PostalCode : Address - postal code of the other person who received the medical services (TP-752.0.13.1 Part 2)
3. In the Moving keyword group, pertaining to federal Form T1-M and Quebec Form TP-348:
  1. Moving-Reason : Indicate the reason for moving
4. In the new RR-50-Form group, pertaining to Quebec Form RR-50, Election to Stop Contributing to the Québec Pension Plan, or Revocation of an Election:
  1. RR-50-Form : Did the taxpayer make an RR-50 election for the current taxation year?
  2. RR-50-Election : Effective election date to stop/start contributing to the QPP (according to RR-50)
  3. Elect-Stop-QPP : Election date to stop contributing to the QPP for self-employment income (Schedule U/LE-35)
5. In the T4 group, also pertaining to Quebec Form RR-50, Election to Stop Contributing to the Québec Pension Plan, or Revocation of an Election:
  1. QPP-Election : Election pertaining to the calculation of the QPP contribution for self-employment
  2. RR-50-Election : Effective election date to stop/start contributing to the QPP (according to RR-50)
6. In the Business group, pertaining to federal Form T776:
  1. Short-Term : Was the rental property used for short-term rentals?
  2. Short-Term-% : Percentage that is related to short-term rentals (default is 0%)
  3. Quebec.inc : Gross rental income for Quebec IF DIFFERENT
  4. NUMBER-UNITS.RENT : Number of units
  5. Short-Term.inc : Gross rents for short-term rentals
  6. Quebec.exp : Rental expenses for Quebec IF DIFFERENT
  7. PersonalPortion : Amount of the personal portion IF DIFFERENT
  8. Short-termPortion : Amount of the short-term portion IF DIFFERENT
  9. Non-Compliant : Short-term information for non-compliant amount of expenses and CCA (Charts A and B)
7. In the new keyword group Cryptoassets , pertaining to the new Quebec Form TP-21.4.39:
  1. Cryptoassets : Has the taxpayer received, held or disposed of any cryptoassets? (Box 24 of the TP-1 return)
  2. Cryptoassets-End : Did the taxpayer own cryptoassets at the end of the year? (Boxes 31 and 32 of Form TP-21.4.39)
8. In the keyword group Business pertaining to federal Forms T2125 and T776:
  1. Type-Cryptoassets : Select the type of cryptoasset used
9. In the FHSA group, pertaining to federal Schedule 15:
  1. FHSA-Undeducted : Amount of unused FHSA contributions available to deduct [Sch. 15 L. 38]
  2. Prior-FHSA-limit-B : Variable "B" amount of your annual FHSA limit for prior year [Sch. 15 L. 4]
  3. Prior-FHSA-CF : FHSA carryforward [Sch. 15 L. 9]
  4. Prior-Transf-To : Total transfers from your RRSPs to your FHSAs [Sch. 15 L. 11]
  5. Prior-Transf-From : Total designated transfers from your FHSAs to your RRSPs or RRIFs in previous year [Sch. 15 L. 14]
  6. PRIOR-FHSA-TRANSF : Total net transfers made to the FHSA in the prior years [Sch. 15 L. 68950 - L. 68955]
  7. Prior-FHSA-Contrib : Total net contributions made to the FHSA in the prior year (Sch. 15 L. 5)
  8. Prior-FHSA-Limit : Annual FHSA limit of the prior years (Sch.b15 2023 L.b11) [Sch. 15 L. 28]
  9. Prior-FHSA-Deduct : Total FHSA deduction in the prior years (Fed L. 20805)
Deleted keywords
1. From the ProvCredit group, pertaining to the Alberta investor tax credit (AITC):
  1. InvestorTaxCr-CF: Carryforward amount of Alberta investor tax credit (AITC) [AB428]
    
    N.B. : 2023 was the last year for claiming the AITC.
New options
1. For the keyword Med-Out-Region :
  
  Medical services for you/your spouse (detailed meth.) Medical services for you/your spouse (simplified meth.) Medical services for another person (detailed meth.) Medical services for another person (simplified meth.)
2. For the keyword Footnotes.t4 in the T4 group:
  
  [94] Indian, RPP contributions
  [95] Indian, Unions dues
3. For the keyword Override :
  
  TP-752.0.13.1 - Expenses for medical services not available in your area
4. For the keyword Non-Compliant in the Business group, pertaining to federal Form T776:
  
  Non-compliant amount of expenses
  Non-compliant amount of CCA
5. For the keyword FHSA , pertaining to federal Schedule 15:
  
  Add 2024 tax year
6. In the TaxReview-For group, new options were added for the following keywords:
  1. For the keyword Q-General :
    
    Received, held or disposed of one or more cryptoassets?
  2. For the keyword Q-Rental :
    
    Short-term rental - Compliant and non-compliant?
    Earned rental income from cryptoassets?
  3. For the keyword Q-Investments :
    
    Earned income from cryptoassets?
    Qualifying business transfer (QBT) $10 million?
  4. For the keyword Q-Business :
    
    Earned business income from cryptoassets?
Changes pertaining to the client letter
1. New variables
  
  Quebec
  1. %475 Q378 Expenses for medical services not available in your area [$]
  2. %476 TP-752.0.13.1 - Moving expenses [0=No, 1=Yes]
  3. %477 TP-752.0.13.1 - Travel or lodging expenses [0=No, 1=Yes]
  4. %478 Reduction of ABIL (Schedule 3 line 17799) [$]
Changes pertaining to the billing
1. New items
  
  Inclusion of keyword group TaxReview-For .
Preliminary status advisory

Due to the major changes affecting the CPP/QPP, short-term rentals, minimum tax and capital gains, among others, as well as the late arrival of the forms, we have decided to keep all forms in their preliminary version.
DT Max references (links to our Knowledge Base)

Please refer to these knowledge base topics for a detailed review of tax changes implemented:

Non-refundable tax credits (2024)
Tax brackets and rates (2024)
Tax changes in DT Max (2024)

DT Max T2

Program certification

Federal

For DT Max T2 version 28.01, the federal barcodes and the Corporation Internet Filing module have received full CRA certification valid for taxation years ending up to and including May 31, 2025, under the DT49 stamp.

The certification date has been extended to May 31, 2025.

In addition, this new version of DT Max T2 has undergone an authorization process with the CRA for Form T106, Information return of non-arm's length transactions with non-residents.

Quebec

Version 28.01 has undergone an authorization process with Revenu Québec for the paper (including barcode Form COR-17.U) and EFILE versions of the CO-17 return, and has been approved under number RQCO-2404.

Alberta

Likewise, this version has received full certification for the RSI (Return and Schedule Information), as well as for the Net File module that allows the electronic filing of Alberta corporate tax returns, from Alberta's Tax and Revenue Administration (TRA) under the DT49 stamp.
Version highlights
1. Known issues fixed in version 28.01
  1. TT-30684 - Carryforward Schedule does not correctly take amount from CO-17S.4
    
    On the in-house Carryforward Schedule for a Quebec jurisdiction, DT Max was occasionally displaying an incorrect amount for Quebec non-capital losses carried forward.
    
    This issue has been fixed with this DT Max T2 version 28.01 so that it now reflects the same amount as found on the Quebec CO-17S.4 schedule. Note that the actual carry forward amount in the data entry was not affected and was being calculated correctly.
2. New warning message when the keyword UCCOPEN is used and an addition exists for CCA Class 10.1
  
  As requested by Revenu Québec, a new warning message was added in the data entry when a corporation enters an amount in both Columns B and C of Quebec Form CO-130.A for a particular CCA Class 10.1.
  
  For Class 10.1, each automobile must be included in a separate class. Therefore, if the keyword UCCOpen is used and an addition has also been entered by using the keywords Addition-Car , Addition-Car-AIIP or Addition-Car-DIEP for a particular CCA Class 10.1, DT Max will now prompt you with a warning message.
3. New warning message when the keyword UCCOPEN exceeds the allowable cost of the car (including taxes) for CCA Class 10.1
  
  As requested by Revenu Québec, a new warning message was added in the data entry when a corporation enters an amount in Column B of Quebec form CO-130.A that exceeds the allowable cost of the car (including taxes) for a particular CCA Class 10.1.
  
  For Class 10.1, each automobile must be included in a separate class. Therefore, if the keyword UCCOpen exceeds $42,550 for a particular CCA Class 10.1, DT Max will now prompt you with a warning message.
4. Federal Schedule 32 and Form T1174: Increase of pensionable earnings
  
  Please note that for federal Schedule 32, Scientific Research and Experimental Development (SR&ED) Expenditures Claim, and Form T1174, Agreement Between Associated Corporations to Allocate Salary or Wages of Specified Employees for Scientific Research and Experimental Development - SR&ED, the pensionable earnings for 2025 increased from $68,500 to $71,300.
5. Capital gains: Message from government authorities
  
  The CRA is administering proposed capital gains inclusion rate legislation
  
  On September 23, 2024, the Deputy Prime Minister and Minister of Finance tabled a Notice of Ways and Means Motion (NWMM) to introduce a bill entitled An Act to amend the Income Tax Act and the Income Tax Regulations. This NWMM modified the motion tabled on June 10, 2024. For more information about the capital gains tax changes, please visit this NWMM.
  
  Although these proposed changes are subject to parliamentary approval, consistent with standard practice, the Canada Revenue Agency is administering the changes to the capital gains inclusion rate effective June 25, 2024, based on the proposals included in the NWMM tabled September 23, 2024.
  
  For all taxpayers, the new inclusion rate will apply to capital gains realized on or after June 25, 2024. Impacted forms are expected to be on Canada.ca as of January 31, 2025. Arrears interest and penalty relief, if applicable, will be provided for those corporations impacted by these changes that have a filing due date on or before March 3, 2025. The interest relief will expire on March 3rd. More information will be forthcoming in the coming weeks.
  
  At this time, we have been told not to include the revised Schedule 6 within our software.
  
  However, the CRA encourages corporations to comply with the proposed legislative change and report a capital gain realized after June 24, 2024, using the new rate. Corporations can use this new rate to calculate their total capital gains and include it in the amount reported on line 113 of Federal Schedule 1, Net Income (Loss) for Income Tax Purposes. If the corporation continues to use the 50% inclusion rate, an amended return will need to be filed at a later date.
  
  Therefore the following procedures are strongly recommended at this time:
  
  For Federal purposes:
  
  Calculate the taxable capital gain using the new rate. Override line R of Federal Schedule 6, Summary of Dispositions of Capital Property, with this calculated amount. This amount will automatically flow to Federal Schedule 1 line 113.
  
  Use the keyword Override and select the option "Schedule 6". You will be able to override line R (field 898) with your calculated amount by entering this information within the Field-Currency keyword.
  
  The Attach-a-doc service can be utilized with the document type "Elections" to attach documentation indicating how the taxable capital gain was calculated (the details of the calculation at 50% before June 24, the details of the calculation at 66 2/3% starting June 25 and the date of the disposition of the property).
  
  Use the keyword Doc-ID and select the option "Elections" when the option selected for the keyword FedEfile-Attach is "Yes" within the Efile-Federal group.
  
  For Alberta purposes:
  
  Calculate the taxable capital gain using the new rate. Override line 076 of Alberta's AT1 Schedule 18, Alberta Dispositions of Capital Property, with this calculated amount. This amount will automatically flow to Alberta's AT1 Schedule 12 line 040.
  
  Use the keyword Override and select the option "Alberta Schedule 18". You will be able to override line 076 (field 42076) with your calculated amount by entering this information within the Field-Currency keyword.
  
  If the corporation intends to make a discretionary gain or loss for Alberta purposes (i.e. vary the current year gain/loss) using the Alberta Schedule 18, due to the TRA's current system limitations, the corporation should include a letter to explain that it is their intention.
  
  For Quebec purposes:
  
  Calculate the taxable capital gain using the new rate. Override line X on CO-17S.232, Summary of Dispositions of Capital Property, with this calculated amount. This amount will automatically flow to Quebec Form CO-17.A.1 line 40.
  
  Use the keyword Override and select the option "CO-17S.232". You will be able to override line X (field 898) with your calculated amount by entering this information within the Field-Currency keyword.
  
  Revenu Québec requires supporting documentation indicating how the taxable capital gain was calculated (the details of the calculation at 50% before June 24, the details of the calculation at 66 2/3% starting June 25 and the date of the disposition of the property).
  
  Use the keyword QcEfile-Attach within the Efile-Federal group to attach the file containing this supporting documentation.
6. Schedule 8 - CCA: Message from government authorities
  
  This is to advise that, at this time, the CRA cannot administer the following proposed measures that were announced in the 2024 Federal Budget, as well as the legislative proposals issued on August 12, related to Purpose-Built Rental Housing and Productivity-Enhancing Assets.
  
  Classes 1, 44, 46 and 50
  
  – Purpose-Built Rental Housing: accelerated CCA of 10% for new eligible purpose-built rental projects included in CCA Class 1 that begin construction on or after Budget Day and before January 1, 2031, and are available for use before January 1, 2036.
  
  – Productivity-Enhancing Assets: immediate expensing for new additions of property in respect of CCA Classes 44, 46 and 50, if the property is acquired on or after Budget Day and becomes available for use before January 1, 2027.
  
  While these measures were included in the Notice of Ways and Means Motion (NWMM) that was tabled with the budget on April 16, 2024, it was only in general terms.
  
  The draft legislative proposals that were published on August 12, 2024, included legislative amendments to the Income Tax Regulations (ITR) that specifically address the measures announced in the budget. However, these proposals are not finalized, as they were subject to consultation and we have not yet seen a new version that indicates any changes as a result of the consultations. Up to this point, the legislative proposals have not been tabled in a bill.
  
  At this time, these changes cannot be added to software. We will let you know once more information becomes available.
7. Registration fee for the enterprise register (REQ) (Quebec line 441b)
  
  The registration fee for the enterprise register (line 441b of the Quebec Corporation Income Tax Return) have been indexed on January 1, 2025, as follows:
  - $104.00 for a corporation or a for-profit legal person, a mutual insurance company or other (formerly $101.00);
  - $47.00 for a cooperative (formerly $46.00);
  - $40.00 for a non-profit legal person (incorporated association), a condominium association or other (formerly $39.00).
8. Message from the CRA: Substantive CCPCs
  
  We have been instructed by government authorities of the following regarding substantive CCPCs.
  
  Legislation related to substantive Canadian-controlled private corporations was effective for tax years ending on or after April 7, 2022.
  
  New line 290 on Schedule 200, Did the corporation meet the definition of substantive CCPC under subsection 248(1) at any time during the tax year?, was added in DT Max version 27.30 following CRA's specifications for the May 2024 release.
  
  It is possible that an initial or amended return for a tax year ending on or after April 7, 2022, will need to be filed that includes days in which the substantive CCPC measures are applicable.
  
  When filing these returns, if line 290 of Schedule 200 is not available in the software, taxes should be calculated according to the substantive CCPC legislation.
  
  For an initial return, there are two options available to file the return:
  
  The Attach-a-doc service can be utilized with the document type "Elections" to attach a letter to indicate that the corporation is a substantive CCPC. This is the CRA preferred option.
  
  In DT Max T2, use the keyword Doc-ID and select the option "Elections" within the Efile-Federal group.
  
  Alternatively, the Notes to Financial Statements on the Schedule 100 can be used to indicate that the corporation is a substantive CCPC.
  
  In DT Max T2, use the keyword GIFI-Notes within the GIFI group.
  
  If you are filing an amended return in DT Max T2, use the keyword ReasonChange when selecting the option "Amended return" within the StatusChange group and indicate that the corporation is a substantive CCPC.
9. Reminder: Alberta Tax and Revenue Administration and the mandatory electronic filing threshold of $1 million in gross revenue
  
  The What's New for version 27.01 stated that the Canada Revenue Agency, Revenu Québec, and the Alberta Tax and Revenue Administration had all eliminated the mandatory electronic filing threshold of $1 million in gross revenue.
  
  We were subsequently informed by the Alberta Tax and Revenue Administration that they delayed their change to a tax year starting after December 31, 2024 (instead of a tax year starting after December 31, 2023).
  
  As we had already implemented the change in version 27.01, and because the Canada Revenue Agency and Revenu Québec did not implement a similar delay, we decided to leave the programming code as is.
  
  Please note that a corporation with a tax year starting in 2024, and which has earned less than $1 million in gross revenue, can choose to paper file their Alberta corporate income tax return without incurring a penalty.
New forms
Federal
- Schedule 75 - Clean Technology Investment Tax Credit (2023 and later tax years)
  This new schedule is required to claim the new refundable tax credit for capital invested in the adoption and operation of new clean technology (CT) property in Canada from March 28, 2023, to December 31, 2034.
  
  This investment tax credit (ITC) is a specified percentage of the corporation's clean technology property based on when it was acquired:
  - 30% after March 27, 2023, and before 2034
  - 15% for 2034
  - nil after 2034
  For clean technology property prepared or installed after November 27, 2023, the specified percentage will be reduced by 10 percentage points if you do not elect to meet the labour requirements.
  
  Use the keyword Clean-ITC with the option "Clean technology ITC" in order to enter information regarding this credit.
Quebec
- TP-21.4.39 - Cryptoasset Return
  
  This is a new form from Revenu Quebec.
  
  This form is for taxpayers (individuals, individuals in business, corporations and trusts; hereinafter the "taxpayer") that, in a taxation year or fiscal period, own, acquire, dispose of (sell, transfer, trade, donate, etc.) or use cryptoassets. A "cryptoasset" is property that is a digital representation of value and that only exists at a digital address of a publicly distributed ledger.
  
  The new keyword Cryptoassets will open up the group to enter information on this form.
Revised forms
Federal
- T2 Corporation Income Tax Return (2024 and later tax years)
  - On page 3, in the Attachments section of the form, a new tick box 278 has been added for Schedule 130. Use the keyword InfoSchedule if it applies. In the Taxable income section, line 315 which pertains to gifts of medicine has been deleted.
  - On page 8, in the Part I tax section, new line 580 has been added for the labour requirements addition to tax. This amount comes from new Schedule 75.
  - On page 9, in the Summary of tax and credits section, line 799 pertaining to the air quality improvement tax credit from Schedule 65 has been deleted.
- Schedule 200 Summary for 2024 taxation year (Federal 5-year summary)
  This form has been revised for tax year 2024.
  - A new line, Labour requirements addition to tax (for line 580), has been added in the Part I tax section of the form due to the addition of a new line on Schedule 200.
  - The following lines have been deleted for 2024:
    
    – Line 315, Gifts of medicine
    
    – Line 799, Air quality improvement tax credit
- Planning Summary - Federal 2024
  This form has been revised for tax year 2024.
  - A new line, Labour requirements addition to tax (for line 580), has been added in the Part I tax section of the form due to the addition of a new line on Schedule 200.
  - The following lines have been deleted for 2024:
    
    – Line 315, Gifts of medicine
    
    – Line 799, Air quality improvement tax credit
- Schedule 1 - Net Income (Loss) for Income Tax Purposes (2022 and later tax years)
  Two new lines have been added on this form.
  - Line 250 refers to Hybrid mismatch amount under subsection 18.4(4) or 12.7(3). Use the keyword Net-Inc-Add within the NetIncome group to enter an amount on this line.
  - Line 350 refers to Adjustment for hybrid mismatch amount under paragraph 20(1)(yy). Use the keyword Net-Inc-Ded within the NetIncome group to enter an amount on this line.
  The calculation on Quebec Form CO-17.A.1 has been revised to include these two new options.
- Schedule 5 - Tax Calculation Supplementary - Corporations (2024 and later tax years)
  
  In the Manitoba section of the form, a new line 329 has been added for the Manitoba refundable rental housing construction incentive tax credit. As such, a new option "Rental housing construction incentive tax credit" has been added to the keyword ProvCreditOV .
- Schedule 8 - Capital Cost Allowance (CCA) (2021 and later tax years)
- Schedule 21 - Federal and Provincial or Territorial Foreign Income Tax Credits and Federal Logging Tax Credit (2022 and later tax years)
  - In Part 7, two new lines have been added in order to calculate the Part I tax otherwise payable (foreign non-business income tax credit): the Taxable income from a personal services business (line 560 of the T2 return) and the Additional tax on banks and life insurers (line 565 of the T2 return).
  - In Part 8, two new lines have also been added in order to calculate the Part I tax otherwise payable (foreign business income tax credit): the Taxable income from a personal services business (line 560 of the T2 return) and the Additional tax on banks and life insurers (line 565 of the T2 return).
- Schedule 31 - Investment Tax Credit - Corporations (2023 and later tax years)
  - In Part 24, Clean economy ITCs, new lines 140 and 170 have been added for the Clean hydrogen ITC and the Clean technology manufacturing ITC.
  - In Part 25, Total recapture of investment tax credit, new lines 25C, 25D and 25E have been added for the clean hydrogen ITC, the clean technology ITC and clean technology manufacturing ITC.
    
    Use the Clean-ITC keyword group to enter information for the above lines.
- Schedule 54 - Low Rate Income Pool (LRIP) Calculation (2022 and later tax years)
  
  This form has been updated by the CRA.
  
  Line 140 which pertains to the aggregate investment income for a previous year will now complete if the corporation was a substantive CCPC at any time in the previous tax year.
- Schedule 56 - Part II.2 Tax on Repurchases of Equity (2024 and later tax years)
- Schedule 58 - Canadian Journalism Labour Tax Credit (2023 and later tax years)
  
  The 2023 Fall Economic Statement announced the government's intention to increase the cap on labour expenditures per eligible newsroom employee from $55,000 to $85,000 as well as to temporarily increase the tax credit rate from 25% to 35% for a period of four years. These measures would apply after 2022.
  
  This form has been updated with the above changes in this version of DT Max T2. As such, in Part 3 - Canadian journalism labour tax credit, 3 new columns have been added.
- Schedule 307 - Newfoundland and Labrador Corporation Tax Calculation (2020 and later tax years)
- Schedule 349 - Nova Scotia Innovation Equity Tax Credit (2024 and later tax years)
  
  This form has been updated by the CRA to reflect the five-year extension to the Nova Scotia innovation equity tax credit that had been announced. The availability of this credit went from March 1, 2024, to March 2, 2029.
- Schedule 350 - Nova Scotia Venture Capital Tax Credit (2024 and later tax years)
  
  This form has been updated by the CRA to reflect the five-year extension to the Nova Scotia venture capital tax credit that had been announced. The availability of this credit went from March 31, 2024, to March 31, 2029.
- Schedule 411 - Saskatchewan Corporation Tax Calculation (2024 and later tax years)
  
  This form has been updated by the CRA.
  
  The calculation for line 1B in Part 1 - Income subject to Saskatchewan lower and higher tax rates has been modified when the corporation has a business limit assigned to it by another CCPC under subsection 125(3.2) as reported on Schedule 7.
  
  In addition, the 1% small business corporate income tax rate, which is scheduled to increase to 2% on July 1, 2025, will be made permanent.
- Schedule 421 - British Columbia Mining Exploration Tax Credit (2024 and later tax years)
  
  This form has been updated by the CRA in order to reflect the British Columbia 2024 budget changes. Effective February 23, 2024, oil and gas exploration expenses are excluded from the mining exploration tax credit.
- Schedule 422 - British Columbia Film and Television Tax Credit (2024 and later tax years)
  
  This form has been revised by the CRA due to the changes announced in the 2024 B.C. budget.
  
  – Animation productions will no longer be eligible for the regional and distant location tax credits. The change applies for animation productions with principal photography beginning on or after June 1, 2024. Parts 10 and 11 of the schedule have been changed to reflect this.
  
  – In Part 13 - Digital animation, visual effects and post-production tax credit, line 13A, DAVE tax credit for productions that started principal photography before October 1, 2016, has been deleted.
- Schedule 423 - British Columbia Production Services Tax Credit (2024 and later tax years)
  
  This form has been revised by the CRA following the changes announced in the 2024 B.C. budget.
  
  – Animation productions will no longer be eligible for the regional and distant location tax credits. The change applies for animation productions with principal photography beginning on or after June 1, 2024. Parts 7 and 8 of the schedule have been changed to reflect this.
  
  – In Part 6 - Production services tax credit, line 6A, Production services tax credit for productions that started principal photography prior to October 1, 2016, has been deleted.
  
  – In Part 9 - Digital animation, visual effects and post-production services tax credit, line 9A, DAVE tax credit for productions that started principal photography prior to October 1, 2016, has been deleted.
- Schedule 428 - British Columbia Training Tax Credit (2020 and later tax years)
  
  Budget 2024 has extended the training tax credit for employers for three years to the end of 2027. This form has been updated by the CRA to reflect this.
- Schedule 430 - British Columbia Shipbuilding and Ship Repair Industry Tax Credit (2019 and later tax years)
  
  The date to complete this schedule has been extended from after September 30, 2012, and before January 1, 2023, to after September 30, 2012, and before January 1, 2027.
- Schedule 444 - Yukon Business Carbon Price Rebate (2024 and later tax years)
  
  This form has been updated. The mining business rebate factor and the general business rebate factor have been updated for tax year ends after March 31, 2024.
  
  In addition, in Part 1 - Eligible Yukon mining UCC for eligible Yukon mining assets, the prescribed mining adjustment factor on line 130 has been revised. For a specified placer mining business, the factor is 2 for tax year ends after March 31, 2024.
- AgriStability/AgriInvest - Harmonized 2024 Statement A, Corporations/Co-operatives and Special Individuals
- T106 - Information Return of Non-Arm's Length Transactions with Non-Residents (2025 and later tax years)
  
  On page 1 of the T106 Summary Form, new questions 9 and 10 have been added in Section 2 - Summary information. Question 9 requires information about the ultimate parent entity and question 10 requires information about the multinational enterprise group. Question 11 now requires up to 3 primary NR account numbers and up to 3 primary RP account numbers. The existing keyword NRNumber has now been revised to enter the NR account numbers and the new keyword RPNumber is used to enter the RP account numbers. Please review the data entry and adjust accordingly. The question concerning the TPM used by the corporation predicated on an APA or similar arrangement between any NR and foreign tax administration has been deleted.
  
  On page 1 of the T106 slip, new questions 4 and 5 have been added in Part II - Non-resident information. Question 4 requires information on the type of non-resident under foreign law governing the non-resident and question 5 asks if the non-resident is treated differently for tax purposes in its jurisdiction of residency than the classification in question 4. Question 6 has changed slightly in that the form now requires you to specify whether or not the non-resident is a controlled foreign affiliate. As such, the new keyword Controlled-FA has been added. The question asking if the NR is in a country with which Canada does not have a tax treaty has been deleted.
  
  In Part III - Transactions between reporting person/partnership and non-resident, the TPM codes have changed. Code 7 now applies for an Advanced pricing arrangement and code 8 is for Other. Please adjust the data entry if applicable.
  
  Use the existing keyword NonRes-Trans to enter the required information for this form.
- T183CORP - Information Return for Corporations Filing Electronically
  - In Part 2 - Declaration, a new line has been added for the Part II.2 tax payable.
  - In Part 3 - Certification and authorization, a new line has been added requesting the time of the signature of the authorized signing officer.
- T1240 - Registered Charity Adjustment Request
  
  N.B.: No calculation support is available for this form.
- T1375 - AgriStability and AgriInvest Additional Information and Adjustment Request
  
  N.B.: No calculation support is available for this form.
- T2WS1 - Calculating your estimated tax payable and tax credits for 2025
  
  N.B.: No calculation support is available for this form.
- T2WS2 - Calculating your monthly instalment payments for 2025
- T2WS3 - Calculating your quarterly instalment payments for 2025
Quebec
- CO-17 - Corporation Income Tax Return
  
  This form has been updated by Revenu Québec.
  
  Line 17 and 19b on page 1 of the CO-17 have been revised.
  
  Line 17 will now fill if you enter the new keyword QC-GrossRev or the existing keyword GrossRevenue within the NetIncome group.
  
  Line 19b will now tick "Yes" if the new keyword Cryptoassets has been entered and "Yes" has been selected.
- CO-17.SP - Information and Income Tax Return for Non-Profit Corporations
- CO-156.TR - Additional Deduction for Transportation Costs of Small and Medium-Sized Manufacturing Businesses
  
  This form has been revised by Revenu Québec.
- CO-156.TZ - Additional Deduction for Transportation Costs of Small and Medium-Sized Businesses Located in a Special Remote Area
- CO-1029.8.33.13 - Tax Credit for the Reporting of Tips
  - The rates have been updated for calendar year 2024.
  - A new section in Part 2.3 of the form, Employer QPP contribution, has been added pertaining to the additional contribution for 2024 and later calendar years. The Tip-Info keyword within the Tips group should be used to complete new lines 28b to 28j.
  - Lines 60a to 60j, which were used for the employer's contribution to the health services fund for the 2018 calendar year, have now been deleted.
- CO-1029.8.33.TE - Tax Credit to Foster the Retention of Experienced Workers
  
  This form has been revised by Revenu Québec.
  
  The changes made to Form CO-1029.8.33.TE are in response to the measure Abolition of the tax credit to foster the retention of experienced workers in the Quebec Ministry of Finance's 2024-2025 Budget Speech of March 12, 2024.
- CO-1029.8.35 - Tax Credit for Québec Film Productions
  The new version of this form is in response to Measure 2.1 - Enhancement of the refundable tax credit for Québec film or television productions in the 2024-2025 Budget Speech of March 12, 2024.
  - In Part 2, Information about the property, lines 10e, 10f and 10j have been deleted. Lines 10i and 10j have been added in order to determine if the application for an advanced ruling or the application for a qualification certificate was filed with SODEC before March 13, 2024, or after March 12, 2024. Since revisions were made to the Prod-Info keyword within the Cred-Film group, it is strongly suggested to review the data entry and make the necessary adjustments if applicable.
  - In Part 4, Qualified labour expenditures, the applicable rates following the addition of lines 10i and 10j have been added on line 82. Lines 93 and 94 that pertained to the increased amount have been deleted.
- CO-1029.8.36.DA - Tax Credit for the Development of E-Business
  This form has been modified following Measure 2.3 - Changes to the tax credits for the development of e-business in the 2024-2025 budget speech.
  - Part 2.3, Qualified salary or wages for a taxation year that begins before January 1, 2025, has been revised so that it is completed only by a corporation whose taxation year begins before January 1, 2025.
  - New Part 2.4, Qualified salary or wages for a taxation year that begins after December 31, 2024, which contains new lines 35a to 35j, has been added to allow the calculation of an employee's qualified salary or wages according to the new calculation method. It must be completed by a corporation whose taxation year begins after December 31, 2024.
  - Part 2.4.1 calculates the exclusion threshold for an eligible employee, which corresponds to the employee's basic personal amount for the calendar year in which the company's taxation year began. This threshold is adjusted for the number of days in the taxation year that the employee qualifies as an eligible employee.
  - Part 2.4.2 calculates the eligible salary or wages by subtracting the exclusion amount from the basic qualified salary or wages.
  - In Part 5, Tax credit for the development of e-business, line 68 relating to the tax credit rate has been revised.
  - In Part 6, Deduction respecting the tax credit for the development of e-business, line 101 relating to the applicable rate has been revised.
- CO-1029.8.36.PM - Tax Credit for Corporations Specialized in the Production of Multimedia Titles
  This form has been revised in response to Measure 2.4 of the 2024-2025 budget speech.
  - Part 3.4, Reduction of qualified salary or wages that may give rise to more than one tax credit for a taxation year that begins before January 1, 2025, has been revised so that it is completed only by a corporation whose taxation year begins before January 1, 2025.
  - New Part 3.5, Qualified salary or wages for a taxation year that begins after December 31, 2024, which contains new lines 49a to 49p, has been added to allow the calculation of an employee's qualified salary or wages according to the new calculation method. It must be completed by a corporation whose taxation year begins after December 31, 2024.
  - New Part 3.5.1 calculates the exclusion threshold for an eligible employee, which corresponds to the employee's basic personal amount for the calendar year in which the company's taxation year began. This threshold is adjusted for the number of days in the taxation year that the employee qualifies as an eligible employee.
  - New Part 7 has been added following the addition of a non-refundable portion of the tax credit for corporations with a taxation year that begins after December 31, 2024.
- CO-1029.8.36.SP - Tax Credit for Film Production Services
  This form has been updated by Revenu Québec in order to take into consideration Measure 2.2 - Adjustments to the refundable tax credit for film production services of the 2024-2025 provincial budget.
  - In Part 2, Information about the film production, lines 06a and 06b for the Type of film production have been deleted. Lines 07a and 07b have been deleted and lines 07c and 07d have been added regarding the Date of the application for an approval certificate. Therefore, changes were made to the keyword Prod-Info within the Cred-Film group so that two options have been deleted and two options have been added. Please verify your data entry and adjust accordingly so the correct option is chosen for the keyword Prod-Info .
  - In Part 3, Labour costs, new lines 27a to 27h have been added to take into account the 65% rate if the application for a certificate was filed with SODEC after May 31, 2024, or if it was filed with SODEC after March 12, 2024, and before June 1, 2024, and SODEC considers that the work was not sufficiently advanced on March 12, 2024. Otherwise the rate will be 100%. Also in Part 3, lines 15 through 32 have been deleted.
  - In Parts 4, 6 and 9, modifications have been made to the multiplication factors due to the deletion of lines 07a and 07b and the addition of lines 07c and 07d.
  - In Part 10, Tax credit, line 161 now reflects the increase of the base rate to 25% for the period pertaining to box 07d. Line 164 is now set at 16% due to the deletion of line 07a.
- CO-1029.8.36.TM - Tax Credit for Multimedia Titles
  This form has been revised in response to Measure 2.4 of the 2024-2025 budget speech.
  - Part 3, Employees to whom the annual limit on qualified salary or wages does not apply, Part 4.3, Qualified salary or wages for a taxation year that begins before January 1, 2025, and Part 4.4, Reduction of qualified salary or wages that may give rise to more than one tax credit for a taxation year that begins before January 1, 2025, have been revised so that they are completed only by a corporation whose taxation year begins before January 1, 2025.
  - New Part 4.5, Qualified salary or wages for a taxation year that begins after December 31, 2024, which contains new lines 49a to 49p has been added to allow the calculation of an employee's qualified salary or wages according to the new calculation method. It must be completed by a corporation whose taxation year begins after December 31, 2024.
  - New Part 4.5.1 calculates the exclusion threshold for an eligible employee, which corresponds to the employee's basic personal amount for the calendar year in which the company's taxation year began. This threshold is adjusted for the number of days in the taxation year that the employee qualifies as an eligible employee.
  - New Part 8 has been added following the addition of a non-refundable portion of the tax credit for corporations with a taxation year that begins after December 31, 2024.
- CO-1175.4 - Life Insurance Corporation: Calculation of the Tax on Capital
  This form has been updated by Revenu Québec.
  - In Part 2, Amount used to calculate the taxable capital of a corporation resident in Canada, new lines 17 to 19m have been added to calculate the corporation's capital for a taxation year that begins after December 31, 2022. The calculation for lines 6 to 16 has been revised so that they are completed for a taxation year that starts before January 1, 2023. Also, new lines 37a to 37v have been added to calculate the amount determined for the year in respect of the capital of the corporation's foreign insurance subsidiaries for a taxation year that begins after December 31, 2022. The calculation for lines 20 to 37 has been revised so that they are completed for a taxation year that begins before January 1, 2023. Due to the addition of new lines 37a to 37v, the in-house supplementary form for the CO-1175.4 has been revised to include these new lines as well.
  - In Part 6, Tax on capital payable, line 93 which referred to the deduction for a major investment project has been deleted.
Alberta
- AT1 Alberta Corporate Income Tax Return - AT1 for 2004 and Subsequent Taxation Years
  - On page 1 of the return, two new tick boxes have been added for line 30, Special Corporation Status. You can now indicate that the corporation is an Insurance Corporation or a Non-resident Corporation.
  - On page 2 of the return, new line 115 has been added for the Alberta Film and Television Tax Credit. Use the keyword Alb-TaxCr if applicable.
- AT1 5-year Summary
  
  New line 115 regarding the Alberta film and television tax credit has been added due to the addition of this line on the AT1 return.
- AT1 Planning Summary
  
  New line 115 regarding the Alberta film and television tax credit has been added due to the addition of this line on the AT1 return.
- AT1 Schedule 29 - Alberta Innovation Employment Grant
  - In the Alberta Innovation Employment Grant Calculation section, under (b) Associated:
    
    – Line 125 has been added for the calculation of IEG at 12%.
    
    – Lines 120, 122, and 124 have been removed.
  - In the ALBERTA INNOVATION EMPLOYMENT GRANT AGREEMENT AMONG ASSOCIATED CORPORATIONS section, the following lines have been added:
    
    – Line 235, Current taxation year end
    
    – Line 245, Current year's eligible expenditures
    
    – Line 267, Individual corporation maximum allowed amount
    
    – Line 268, Allocated allowed amount to each corporation
    
    – Line 325, Corporation Allocated Allowed amount
- AT97 - Notice of Objection
  
  N.B.: No calculation support is available for this form.
Manitoba
- Authorization or Cancellation of a Representative
  
  This form has been updated. The tick box for Credit Unions and Caisses Populaires Profits Tax under Regarding the following taxation statutes had been deleted.
In-house forms
- Carryforward Schedule (Multiple jurisdictions and Quebec)
  
  For the multiple jurisdictions' carryforward schedule and the Quebec-only carryforward schedule, new lines have been added for Quebec Form CO-1029.8.36.PM, Tax Credit for Corporations Specialized in the Production of Multimedia Titles, and Quebec Form CO-1029.8.36.TM, Tax Credit for Multimedia Titles.
- Assembly Instructions
- Client letter
- Notes and diagnostics
  
  A new table has been added concerning government information and instructions for the new capital gains inclusion rate.
Deleted forms
Federal
- Schedule 65 - Air Quality Improvement Tax Credit (2022 and later tax years)
Quebec
- CO-1029.8.36.DC - Election Respecting the Tax Credit for the Development of E-Business (for a taxation year beginning after December 31, 2013)
- CO-1029.8.36.AD - Tax Credit for Damage Insurance Firms
New keywords
1. In the SR&ED keyword group, pertaining to the Alberta AT1 Schedule 29:
  1. AB-Alloc-Allow-Amt : Allocated allowed amount (AT1 Schedule 29, line 268)
    
    DT Max will calculate the allocated allowed amount. Use the keyword AB-Alloc-Allow-Amt if you wish to enter a lesser amount.
2. In the MultiMedia keyword group, pertaining to Quebec Forms CO-1029.8.36.TM and CO-1029.8.36.PM:
  1. DedRepaidAssist.m : Deduction pertaining to assistance repaid in the year
    
    Use the keyword DedRepaidAssist.m to enter the deduction pertaining to assistance repaid in the year. To determine the amount, you must recalculate last year's deduction as if the corporation never received, in the previous year, the assistance repaid in the year concerned. To do so, you must redo the calculations of the deduction that you have done on the CO-1029.8.36.TM or CO-1029.8.36.PM as applicable that you have completed for the previous taxation year. The amount to be entered corresponds to the amount by which the recalculated deduction exceeds the deduction for the previous year.
  2. Amount-CF.m : Credit carried forward
    
    Use the keyword Amount-CF.m to enter the amount of tax credit carried forward from the previous year.
  3. Amount-CB.m : Credit carried back
    
    Use the keyword Amount-CB.m to request a carryback of a tax credit earned in the current year.
    
    The corporation may carry back the current-year tax credit earned for a maximum of 3 years.
3. In the CorpHistory keyword group, pertaining to federal Schedule 54:
  1. Substantive-CCPC.h : Whether corporation was a substantive CCPC at any time in the prior tax year starting after April 6, 2022
    
    Use the keyword Substantive-CCPC.h to indicate if the corporation was a substantive CCPC (SCCPC) at any time in the previous tax year starting after April 6, 2022.
    
    A substantive CCPC is a private corporation (other than a Canadian-controlled private corporation) that
    - is controlled directly or indirectly in any manner whatever, by one or more Canadian resident individuals, or
    - would, if each share of the capital stock of a corporation that is owned by a Canadian resident individual were owned by a particular individual, be controlled by the particular individual.
4. In the Clean-ITC group, pertaining to federal Schedule 31:
  1. Recapture.itc : Recapture of clean economy investment tax credit
    
    Use the keyword Recapture.itc to enter the recaptured clean hydrogen investment tax credit or the recaptured clean technology manufacturing investment tax credit. The amount will appear on federal Schedule 31.
5. In the Contractor.m subgroup of the MultiMedia group, pertaining to Quebec Form CO-1029.8.36.TM:
  1. Annual-Lim-OV.c : Annual limit - override
    
    If the eligible employee has carried out eligible production work for more than one property, the annual limit on line 40 must be allocated among the various properties and cannot exceed the amount on line 36.
    
    Use the keyword Annual-Lim-OV.c to override the DT Max calculated annual limit amount on line 40.
6. In the Name.m subgroup of the MultiMedia group, pertaining to Quebec Form CO-1029.8.36.TM:
  1. Annual-Lim-OV.m : Annual limit - override
    
    If the eligible employee has carried out eligible production work for more than one property, the annual limit on line 40 must be allocated among the various properties and cannot exceed the amount on line 36.
    
    Use the keyword Annual-Lim-OV.m to override the DT Max calculated annual limit amount on line 40.
7. In the NonRes-Trans group, pertaining to federal Form T106:
  1. NR-Type : Type of non-resident under foreign law governing the non-resident
    
    Use the keyword NR-Type to indicate how the non-resident is classified under the foreign law governing the non-resident in the non-resident's jurisdiction of residence.
  2. Different-Class : If non-resident is treated differently for tax purposes in foreign jurisdiction
    
    Use the keyword Different-Class to indicate whether or not the classification for tax purposes in the foreign jurisdiction is different than the answer to question 4 on the T106 slip.
  3. Controlled-FA : Whether non-resident is a controlled foreign affiliate
    
    Use the keyword Controlled-FA to indicate whether or not the non-resident is a controlled foreign affiliate of the corporation.
  4. UPE : If corporation is the ultimate parent entity
    
    Choose "Yes" here if the corporation is the ultimate parent entity as defined by subsection 223.8(1).
  5. Country-Res : Country of residence of the ultimate parent entity of corporation
    
    If the corporation is not the ultimate parent entity, use this keyword to indicate the country of residence of the ultimate parent entity of the corporation.
  6. MNE-Member : If corporation is a member of a multinational enterprise
    
    Choose "Yes" here if the corporation is a member of a multinational enterprise as defined in subsection 233.8(1) of the Act.
  7. Name-MNE : Name of the multinational enterprise group
    
    If the corporation is a member of the multinational enterprise, use the keyword Name-MNE to enter the name of the multinational enterprise group.
  8. Filing-CbCR : If multinational enterprise group is required to file a Country-by-Country report
    
    If the corporation is a member of the multinational enterprise, use the keyword Filing-CbCR to indicate if the multinational enterprise group is required to file a Country-by-Country report.
  9. Country-CbCR : Jurisdiction where the Country-by-Country report is filed
    
    If the multinational enterprise group is required to file a Country-by-Country report, use the keyword Country-CbCR to indicate the jurisdiction where the report is filed.
  10. RPNumber : Enter primary RP account numbers
    
    If the corporation filed the appropriate NR4-NR4A, T4-T4A, or T4A-NR returns, specify the primary RP account numbers.
8. In the Clean-ITC group, pertaining to federal Schedule 75:
  1. Description.cl : Description of clean technology property
    
    Use the keyword Description.cl to enter a description of the clean technology property.
  2. Province.cl : Province of clean technology property
    
    Use the keyword Province.cl to enter province where the clean technology ITC property will be used.
  3. Date-Available : Available-for-use date
    
    Use the keyword Date-Available to enter the date the clean technology ITC property became available for use.
  4. Design-Work-Site : Assigned number of designated work site
    
    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.
  5. Capital-Cost : Capital cost of clean technology property
    
    Use the keyword Capital-Cost to enter the cost of the clean technology property.
  6. Adjustments.cl : Adjustments to the clean technology ITC calculation
    
    Use the keyword Adjustments.cl to enter adjustments to the clean technology 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. See subsection 127.45(5) for more information.
  7. Assist-repaid.cl : Assistance repaid
    
    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. See subsection 127.45(7) for more information.
  8. Spec-PercentOV : Specified percentage override
    
    Use the keyword Spec-PercentOV if you wish to override the specified percentage.
  9. Elect-Labour-Req : Whether electing to meet labour requirements
    
    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.
  10. Clean-ITC-CF : Clean technology ITC carry forward
    
    Enter the clean technology ITC carried forward. This amount is needed to calculate recapture.
  11. Recapture.cl : Whether there is a recapture
    
    Use the keyword Recapture.cl to indicate if there is recapture.
  12. Cap-Cost-Recapt : Capital cost to be used for recapture calculation
    
    Use the keyword Cap-Cost-Recapt to enter the capital cost of the asset to be used for the recapture calculation.
  13. Recapture-OV.cl : Clean technology ITC recapture - override
    
    Use the keyword Recapture-OV.cl if you wish to override the recapture calculation made by DT Max.
  14. Proceeds.cl : Proceeds of disposition or fair market value
    
    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 partnership, enter the proceeds of disposition. If the property is disposed of to a person who does not deal at arm's length with the partnership, or the property is converted to a non-clean technology use or is exported from Canada, enter the fair market value.
  15. Partner-Alloc.cl : Amounts allocated from partnerships
    
    Use the keyword Partner-Alloc.cl to enter allocations from partnerships.
  16. Labour-Req : Whether you elected to meet the labour requirements
    
    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).
  17. Requirements : Labour requirements addition to tax
    
    Use the keyword Requirements to select and enter the wage and apprenticeship requirements.
  18. CCA-Class.cl : CCA class of clean technology ITC
    
    Use the keyword CCA-Class.cl to select the appropriate CCA class.
9. In the new Cryptoassets group, pertaining to the new Quebec Form TP-21.4.39:
  1. Type-Cryptoasset : Type of crytoasset used
    
    Use the keyword Type-Cryptoasset to identify the type of cryptoasset used.
  2. NUMBER-UNITS : Total number of units
    
    Use the keyword NUMBER-UNITS to enter the total number of units.
  3. Proceeds.t : Proceeds of disposition
    
    Use the keyword Proceeds.t to enter the total proceeds of the disposition. For more information about the proceeds of disposition of a cryptoasset, see guide IN-120-V, Capital Gains and Losses.
  4. ACB.t : Adjusted cost base
    
    Use the keyword ACB.t to enter the total adjusted cost base. For more information about the adjusted cost base of a cryptoasset, see guide IN-120-V, Capital Gains and Losses.
  5. Expenses.t : Expenses incurred for the disposition
    
    Use the keyword Expenses.t to enter the total expenses incurred for the disposition.
  6. Date-Disp.t : Date of disposition
    
    Use the keyword Date-Disp.t to enter the date of the disposition.
  7. Gross-Income.t : Amount of gross income
    
    Use the keyword Gross-Income.t to enter the gross income amount.
  8. Net-Income.t : Amount of net income or net losses
    
    Use the keyword Net-Income.t to enter the net income or net losses amount.
  9. INTEREST-INCOME : Amount of interest income
    
    Use the keyword INTEREST-INCOME to enter the interest income amount.
  10. Cryptoassets : Whether the corporation received, held or disposed of any cryptoassets (TP-21.4.39)
    
    Use the keyword Cryptoassets to indicate whether or not the corporation received, held or disposed of (sell, transfer, exchange, gift, etc.) any cryptoassets.
    
    A cryptoasset is property that is a digital representation of value and that only exists at a digital address of a publicly distributed ledger.
    
    The use of cryptoassets can have tax consequences if, for example:
    
    – they are used to acquire goods and services
    
    – they are converted into currency
    
    – they are traded for another type of cryptoasset
    
    – they are sold or donated
    
    – they are used for loans or to lease property
    
    There can also be tax consequences if the taxpayer mines cryptoassets and receives a reward for their services.
    
    If "Yes" is selected, the information in this group is used solely for purposes of Quebec Form TP-21.4.39.
  11. Cryptoassets-End : Whether corporation owned cryptoassets at the end of the year
    
    Use the keyword Cryptoassets-End to indicate whether or not the corporation owned cryptoassets at the end of the year.
  12. Crypto-Transaction : Cryptoasset transaction
    
    Use the keyword Crypto-Transaction to indicate the type of cryptoasset transaction.
  13. CONTACT-FIRSTNAME : First name of contact person
    
    Use the keyword CONTACT-FIRSTNAME to enter the first name of the contact person.
  14. CONTACT-LASTNAME : Last name of contact person
    
    Use the keyword CONTACT-LASTNAME to enter the last name of the contact person.
10. In the NetIncome group, pertaining to the Quebec CO-17 return:
  1. QC-GrossRev : Gross revenue other than on account of capital
    
    Use the keyword QC-GrossRev to enter the corporation's gross revenue for the taxation year.
    
    Gross revenue is defined as all amounts received and receivable in the taxation year other than on account of capital, determined in accordance with generally accepted accounting principles or international financial reporting standards, as the case may be.
    
    The following items are excluded from gross revenue because of their capital nature:
    
    – a capital gain;
    
    – a recapture of depreciation arising from the sale of depreciable property;
    
    – a tax credit to offset a capital expenditure;
    
    – a foreign exchange gain on a capital item.
    
    The amount entered for this keyword will appear on line 17 of the CO-17. If this keyword is not entered, then the amount entered for the keyword GrossRevenue will appear on line 17 of the CO-17.

Revised keywords

In the Credit-Types subgroup within the Cred-Film group, pertaining to federal Schedule 423 and Schedule 422:
1. Animation : Animation production starting after June 26, 2015, and before June 1, 2024
  
  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.
In the RelatedParty keyword group, pertaining to the Alberta AT1 Schedule 29:
1. AB-EligExp.pa : AB eligible expenditure of assoc corp. and allocated allowed amount
  
  Based on the AB-EligExp.pa entered, DT Max will calculate this corporation's base amount for purposes of the IEG tax credit. Select the option "Allocated allowed amount for current year (line 268)", if you wish to claim a lesser amount.
In the LRIP-Balance keyword group, pertaining to federal Schedule 54:
1. NonElig-Divds : Amount of dividends payable in tax year (other than eligible dividends)
  
  Use NonElig-Divds to enter all taxable dividends other than eligible dividends, capital gains dividends within the meaning assigned by subsection 130.1(4) or 131(1), or dividends deductible under subsection 130.1(1). For a non-CCPC with a tax year starting after April 6, 2022, include amounts paid in the previous tax year that did not reduce the LRIP or line 150 of the previous tax year, whichever is less.
In the Clean-ITC group, pertaining to federal Schedule 31:
1. Clean-ITC : Type of clean economy investment tax credit
  
  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.
2. Amount.itc : Amount of clean economy investment tax credit
  
  Use the keyword Amount.itc to enter the amount of the Clean hydrogen investment tax credit, the Clean technology manufacturing investment tax credit or the Carbon capture, utilization, and storage investment tax credit. The amount will appear on federal Schedule 31.

In the NonRes-Trans group, pertaining to federal Form T106:

NRNumber : Enter primary NR account numbers

If the corporation filed the appropriate NR4-NR4A, T4-T4A, or T4A-NR returns, specify the primary NR account numbers.

TPM-Method : Method used for each transaction (codes 1 to 8)

Use this keyword to identify the transfer pricing methodology used by the reporting corporation and the non-resident person by entering the applicable code (see table below).

Enter codes for amounts sold to non-residents or amounts received as revenue from non-residents as positive entries (e.g. 1).

Enter codes for amounts purchased from non-residents or amounts representing expenditures to non-residents as negative entries (e.g. -1).

CODE TRANSFER PRICING METHOD

1 Comparable uncontrolled price

2 Cost-plus

3 Resale

4 Profit split

5 Transactional net margin

6 Qualified cost contribution arrangement

7 Advanced pricing arrangement

8 Other

Deleted keywords
1. From the Tips group, pertaining to the Quebec Form CO-1029.8.33.13:
  1. TipsRateOV-2018: Override Health services fund levy rate (line 60b, 60e and 60h) for 2018
2. From the Cred-Film group, pertaining to the Quebec Form CO-1029.8.35:
  1. Cert-Date.c: Date on which the application for an advanced ruling or for a certificate has been submitted to the SODEC
3. From the deleted InsuranceTaxCr group, pertaining to the deleted Quebec Form CO-1029.8.36.AD:
  1. InsuranceTaxCr: Tax credit for damage insurance firms
  2. Expenditures.i: Eligible expenditures incurred during its most recent tax year ended before January 1, 2013
  3. Assistance.in: Amount of assistance received (positive) or repaid (negative)
  4. Days-FinIns.i: Number of days during which the corporation carried out damage insurance activities
4. From the Part-I3-Inst group, pertaining to the Quebec Form CO-1175.4:
  1. Life-Ins-Ded: Major investment project deduction
5. From the deleted AirQuality-TaxCr group, pertaining to the deleted federal Schedule 65:
  1. AirQuality-TaxCr: Air quality improvement tax credit
  2. CCPC.a: Whether the corporation is a CCPC
  3. Cooperative: Whether the corp. is a cooperative eligible for the same business deduction
  4. Name&Location: Name and address of qualifying location
  5. Expenditures.a: Qualifying expenditures
  6. Assistance.a: Amount of assistance
  7. Exp-Claimed: Expenses claimed by corp. in prior years or by affiliated entities in any tax year
  8. Eligible-Entity: Name of affiliated eligible entity
  9. Bus-Number.a: Business number of affiliated corporation
  10. SIN.a: SIN of affiliated individual
  11. PartnershipNum.a: Partnership account number of affiliated partnership
  12. Percent.a: Percentage assigned under agreement
  13. Total-VentExp-CF: Total ventilation expense for prior tax years
  14. Expense-OV.a: Total ventilation expense /ov
  15. CrAlloc-Part.a: Air quality improvement tax credit allocated from partnerships
6. From the NonRes-Trans group, pertaining to federal Form T106:
  1. TreatyNation: If controlled non-res person resides in a non-tax treaty country
  2. Pricing-Pred: Transfer pricing methodologies predicated
7. From the MultiMedia group, pertaining to Quebec Form CO-1029.8.36.PM:
  1. Salaries.m: Salaries or wages related to production of multimedia title
  2. Assistance.m: Assistance attributable to salaries or wages paid
8. From the Activity group, pertaining to the Quebec CO-17 return:
  1. VirtualCurrency: Whether or not the corporation has received or disposed of (sold, transferred, changed, given, etc.) virtual currency
New options
1. For the keyword Tip-Info , pertaining to Quebec Form CO-1029.8.33.13:
  
  Tips/indemn. not exceeding max. pensionable earnings
  Adjustment - salaries eligible for QPP (additional contr.)
  Adj. - minor/>72 yrs/elect not to contrib.(addit. contr.)
2. For the keyword Prod-Expenses within the Labour-Exp.f subgroup in the Cred-Film group, pertaining to Quebec Form CO-1029.8.36.SP:
  
  Cost of service contract (not attrib. to special effects)
  Cost of service contract (attrib. to special effects)
3. For the keyword Prod-Info in the Cred-Film group, pertaining to Quebec Form CO-1029.8.36.SP:
  
  App. bef. 13/03/24 or aft 12/03/24 & work advanced 12/03/24
  App aft. 31/03/24 or aft. 12/03/24 & work not adv. 12/03/24
4. For the keyword Prod-Info in the Cred-Film group, pertaining to Quebec Form CO-1029.8.35:
  
  Application after March 12, 2024
5. For the keyword Wages.ebus within the NameEmployee subgroup of the E-Business group, pertaining to Quebec Form CO-1029.8.36.DA:
  
  Basic personal amount for employee (TYS after 31/12/24)
6. For the keyword ProvCreditOV , pertaining to federal Schedule 5:
  
  Rental housing construction incentive tax credit - Man.
7. For the keyword AB-EligExp.pa in the RelatedParty group, pertaining to the Alberta AT1 Schedule 29:
  
  Eligible expenditures for the current year
  Allocated allowed amount for current year (line 268)
8. For the keywords Taxable-Cap and Cap-Sub in the Part-I3-Inst group, pertaining to Quebec Form CO-1175.4:
  
  Contractual service margin - gr. insur. contracts (QC)
  Contractual service margin - gr. reinsur. contracts (QC)
9. For the keyword Net-Inc-Add within the NetIncome group, pertaining to federal Schedule 1 and Quebec Form CO-17.A.1:
  
  Hybrid mismatch amount
10. For the keyword Net-Inc-Ded within the NetIncome group, pertaining to federal Schedule 1 and Quebec Form CO-17.A.1:
  
  Hybrid mismatch amount adjustment
11. For the keyword MultiMedia , pertaining to Quebec Form CO-1029.8.36.TM:
  
  CO-1029.8.36.TM (credit carried forward)
  CO-1029.8.36.TM (credit carried back)
12. For the keyword MultiMedia , pertaining to Quebec Form CO-1029.8.36.PM:
  
  CO-1029.8.36.PM (credit carried forward)
  CO-1029.8.36.PM (credit carried back)
13. For the keyword Salaries.mm in the Name.m subgroup and for the keyword Salaries.con in the Contractor.m subgroup in the MultiMedia group, pertaining to Quebec Form CO-1029.8.36.TM:
  
  Basic personal amount for employee (TYS after 31/12/24)
14. For the keyword Que-Cr-Other , pertaining to the Quebec CO-17 return:
  
  Multimedia tax credit - current year (CO-1029.8.36.PM)
  Multimedia tax credit - carried forward (CO-1029.8.36.PM)
  Multimedia tax credit - carried back (CO-1029.8.36.PM)
  Multimedia tax credit - current year (CO-1029.8.36.TM)
  Multimedia tax credit - carried forward (CO-1029.8.36.TM)
  Multimedia tax credit - carried back (CO-1029.8.36.TM)
15. For the keyword Clean-ITC , pertaining to federal Schedule 31:
  
  Clean hydrogen ITC
  Clean technology manufacturing ITC
16. For the keyword InfoSchedule , pertaining to the federal T2 return (Schedule 200):
  
  EIFEL - Schedule 130
17. For the new keyword NR-Type in the NonRes-Trans group, pertaining to federal Form T106:
  
  Corporation
  Partnership
  Trust
  Individual
  Other
18. For the keywords Program-Pymt and DeferredIncome within the Agri-Program group, pertaining to the federal AgriStability/AgriInvest - Harmonized 2024 Statement A, Corporations/Co-operatives and Special Individuals:
  
  792 Nova Scotia genetic improvement program
  793 NB livestock genetic enhancement initiative
  794 NS Fiona agricultural disaster assistance program
  795 Polar vortex industry recovery program (allowable)
  796 Polar vortex industry recovery prog. (non-allowable)
  797 Resilient agricultural landscapes program (RALP)
  798 Prairie watershed climate program (PWCP)
  799 NS apiculture sustainability growth & health program
  800 AgriRecovery bee assistance payment (allowable)
  801 AgriRecovery feed assistance payments (allowable)
  802 AgriRecovery flood assistance payments (allowable)
19. For the new keyword CCA-Class.cl , pertaining to federal Schedule 75:
  
  Class 43.1
  Class 43.2
  Class 56
20. For the new keyword Requirements , pertaining to federal Schedule 75:
  
  # 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
21. For the new keyword Partner-Alloc.cl , pertaining to federal Schedule 75:
  
  Clean technology ITC allocated from partnership
  Clean technology ITC recapture allocated from partnership
  Labour requirements addition to tax allocated from p'ship
22. For the new keyword Crypto-Transaction , pertaining to the new Quebec Form TP-21.4.39:
  
  Capital gains or losses
  Business income
  Rental income
  Interest income
23. For the new keyword Type-Cryptoasset , pertaining to the new Quebec Form TP-21.4.39:
  
  Cryptocurrency
  Security tokens
  Non-fungible tokens (NFTs)
  Utility tokens
  Other (specify)
24. For the keyword Letter-Data , pertaining to the client letter:
  
  %47 TP-21.4.39 - Cryptoasset return [0=No, 1=Yes]
Revised options
1. For the keyword Employment-QC , pertaining to Quebec Form CO-1029.8.33.TE:
  
  Experienced workers retention cr. (before 13/03/24)
2. For the keyword Tip-Info , pertaining to Quebec Form CO-1029.8.33.13:
  
  Tips reported to employer
  Adjustment - salaries eligible for QPP (basic contribution)
  Adj. - minor/>72 yrs/elect not to contrib. (basic contrib.)
  Tips controlled by the employer
  Amts allocated by employer as tips
  Indemnities (other than annual leave)
3. For the keyword Prod-Info in the Cred-Film group, pertaining to Quebec Form CO-1029.8.35:
  
  Application before March 13, 2024
4. For the keyword Production.m , pertaining to Quebec Forms CO-1029.8.36.TM and CO-1029.8.36.PM:
  
  Title for general public available in French
  Title for general public not available in French
  Other title
5. For the keyword Expenses.m in the Mining group, pertaining to federal Schedule 421:
  
  Prescribed areas
  Outside prescribed areas
6. For the keyword NonRes-Trans , pertaining to federal Form T106:
  
  Other - enter type
Deleted options
1. From the keyword Tip-Info , pertaining to Quebec Form CO-1029.8.33.13:
  
  Tips reported to employer before March 28, 2018
  Tips reported to employer after 27/03/18 & before 16/08/18
  Tips controlled by the employer before March 28, 2018
  Tips controlled by employer after 27/03/18 & bef 16/08/18
  Amts allocated by employer as tips before March 28, 2018
  Amts allocated as tips after 27/03/18 & before 16/08/18
  Indemnities (other than annual leave) before March 28, 2018
  Indemn. other than annual leave aft 27/03/18 & bef 16/08/18
2. From the keyword Prod-Expenses within the Labour-Exp.f subgroup in the Cred-Film group, pertaining to Quebec Form CO-1029.8.36.SP:
  
  Cost of service contract and related fees
3. From the keyword Prod-Info in the Cred-Film group, pertaining to Quebec Form CO-1029.8.35:
  
  App. bef. 05/06/14 or aft 04/06/14 & work advanced 04/06/14
  App aft. 31/08/14 or aft. 04/06/14 & work not adv. 04/06/14
4. These options were deleted following the deletion of keyword TipsRateOV-2018 from the Tips group, pertaining to Quebec Form CO-1029.8.33.13:
  
  Before March 28, 2018
  After March 27 & before August 16, 2018
  After August 15, 2018
5. From the keyword Ruling within the Cred-Film group, pertaining to Quebec Form CO-1029.8.36.SP:
  
  Eligible production
  Eligible low-budget production
6. This option was deleted following the deletion of keyword InsuranceTaxCr and the related Quebec Form CO-1029.8.36.AD:
  
  Tax credit for damage insurance firms
7. These options were deleted following the deletion of keyword Days-Finins.i and the related Quebec Form CO-1029.8.36.AD:
  
  Days in tax yr in 2013 attributed to damage insurance act.
  Days in tax yr in 2014 attributed to damage insurance act.
  Days in tax yr in 2015 attributed to damage insurance act.
8. From the keyword Account within the Consent group, pertaining to the Manitoba consent form, Authorization or Cancellation of a Representative:
  
  Credit unions/caisses populaires profits tax (Manitoba)
9. From the keyword Expenses.m in the Mining group, pertaining to federal Schedule 421:
  
  Before February 21, 2007
10. These options were deleted following the deletion of keyword Exp-Claimed and the related federal Schedule 65:
  
  Total expenses claimed by corporation in prior years
  Total expenses claimed by affiliate entities in any year
11. This option was deleted following the deletion of keyword AirQuality-TaxCr and the related federal Schedule 65:
  
  Schedule 65 - Air Quality Improvement Tax Credit
12. From the keyword InstalBaseCF in the InstalRec group, pertaining to the federal worksheets T2WS2 and T2WS3:
  
  Part II.2 tax

December 18, 2024

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In this version...

For DT Max T1 and T2

Mandatory efiling criteria - Reminder

DT Max T1

Program certification

Version highlights

Federal

Canada pension plan (CPP) and Québec pension plan (QPP) enhancement

Legislative proposal on non-compliant short-term rentals

Capital gains deduction for qualifying business transfer

Volunteer firefighters' amount and search and rescue volunteers' amount

Quebec

Implementation of Form TP-752.0.13.1, Expenses for Medical Services Not Available in Your Area

Reminder: Tax review tools

New forms

Revised forms

Deleted forms

New diagnostics

Notes and diagnostics

Error prevention report

New keywords

Deleted keywords

New options

Changes pertaining to the client letter

New variables

Changes pertaining to the billing

New items

Preliminary status advisory

DT Max references (links to our Knowledge Base)

DT Max T2

Program certification

Version highlights

Known issues fixed in version 28.01

TT-30684 - Carryforward Schedule does not correctly take amount from CO-17S.4

New warning message when the keyword UCCOPEN is used and an addition exists for CCA Class 10.1

New warning message when the keyword UCCOPEN exceeds the allowable cost of the car (including taxes) for CCA Class 10.1

Federal Schedule 32 and Form T1174: Increase of pensionable earnings

Capital gains: Message from government authorities

Schedule 8 - CCA: Message from government authorities

Registration fee for the enterprise register (REQ) (Quebec line 441b)

Message from the CRA: Substantive CCPCs

Reminder: Alberta Tax and Revenue Administration and the mandatory electronic filing threshold of $1 million in gross revenue