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Print this pageForward this document  What's new for T2 Internet version 28.15?

The latest DT Max program update is now available for downloading. It features the T2 program for fiscal periods ending from 2013 to 2025 and fully supports Corporation Internet Filing (T2, CO-17 and AT1). Installing this version will update your version of DT Max to 28.15.

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

In this version...

DT Max T2

  1. Version highlights
    1. Update on the Canada Revenue Agency's administration of the proposed capital gains taxation changes
    2. Non-deductible automobile expenses: Nova Scotia harmonized sales tax rate
    3. Schedule 346 - Nova Scotia small business tax rate reduction and small business limit increase
    4. Increase of the ceiling for CCA for 10.1 passenger vehicles
    5. New error message for the keyword DATEACQUIRED when an addition exists for CCA Class 10.1
    6. Extension of 2024 charitable donations
    7. CRA confirms it will not be administering certain proposed income tax measures
  2. New forms
  3. Revised forms
  4. Deleted forms
  5. New keywords
  6. Deleted keywords
  7. Revised options
  8. Deleted options

 

DT Max T2

  1. Version highlights

    1. Update on the Canada Revenue Agency's administration of the proposed capital gains taxation changes

      The Department of Finance announced on January 31, 2025, that it will introduce legislation in Parliament in due course, related to the capital gains inclusion rate change with a new effective date of January 1, 2026. The announcement confirms the government's intention that, effective for dispositions that occur on or after January 1, 2026, the inclusion rate will increase from one-half to two-thirds on all capital gains realized by corporations.

      As a result, the Canada Revenue Agency (CRA) has reverted to administering the currently enacted capital gains inclusion rate of one-half. This means that all capital gains realized before January 1, 2026, will be subject to the currently enacted inclusion rate of one-half, unless an exemption applies.

      Corporations - Proposed capital gains rule changes effective January 1, 2026

      As the capital gains rate change is now proposed to be effective January 1, 2026, corporations can continue to use existing forms and tax software to file using the one-half inclusion rate until further notice.

      For the small number of corporations that followed CRA's guidance to file on the basis of the NWMM tabled in Parliament on September 23, 2024, the CRA will coordinate corrective reassessments to reverse the application of the two-thirds inclusion rate. Please visit the Government of Canada's website for more information.

      Note that the Ministère des Finances du Québec and Alberta Tax and Revenue Administration also announced their intention to harmonize with the CRA with respect to the deferral until January 1, 2026, of the implementation of the change to the capital gains inclusion rate. Revenu Québec has confirmed that all corrections to the 66.67% rate will be made manually and will not require corporations to file amended returns. Please refer to the section Modification d'une déclaration de revenus des sociétés déjà transmise (Amendment to a previously filed corporate income tax return) from the following Revenu Québec's website page (in French only).

    2. Non-deductible automobile expenses: Nova Scotia harmonized sales tax rate

      The calculations for lines 5, 7 and 8 of the Schedule 1 supplementary Non-deductible Automobile Expenses have been revised due to the one percentage point reduction of Nova Scotia's harmonized sales tax (HST) rate from 15% to 14% beginning April 1, 2025. Nova Scotia's HST combines the provincial value-added tax with the federal goods and services tax (GST). The federal portion is five per cent and, on April 1, the provincial portion will decrease from 10 to nine per cent.

    3. Schedule 346 - Nova Scotia small business tax rate reduction and small business limit increase

      As announced in Nova Scotia's February 18, 2025, budget, the small business tax rate will be reduced from 2.5% to 1.5% effective April 1, 2025. In addition, the small business limit will be increased from $500,000 to $700,000.

    4. Increase of the ceiling for CCA for 10.1 passenger vehicles

      Following the government announcement on December 30, 2024, the ceiling for CCA for Class 10.1 passenger vehicles will increase from $37,000 to $38,000 effective as of January 1, 2025.

      These changes have been implemented on federal Schedule 8, AT1 Schedule 13 and Quebec Form CO-130.A.

    5. New error message for the keyword DATEACQUIRED when an addition exists for CCA Class 10.1

      When entering an addition for a particular CCA Class 10.1 vehicle, DT Max T2 will now prompt you with an error message if the keyword DateAcquired has not been entered.

    6. Extension of 2024 charitable donations

      On December 30, 2024, the Department of Finance announced the federal government's intention to amend the Income Tax Act to extend the deadline for making charitable donations eligible for tax support in the 2024 tax year.

      Following this, on January 23, 2025, the Department of Finance announced that it had released draft legislation in support of this proposed change, which will be introduced in Parliament in due course. For more information, visit Draft legislative proposals and explanatory notes related to the Income Tax Act (Charitable donations).

      To help provide certainty, the Canada Revenue Agency (CRA) is confirming that it will proceed with administering the 2024 deadline extension for charitable donations. The CRA is administering this proposed legislation, consistent with its long-standing practice.

      On February 3, 2025, the Ministère des Finances du Québec announced that the Québec tax system would be modified to make charitable donations made between January 1 and February 28, 2025, eligible for the deduction for donations and gifts for the 2024 taxation year. This extension is intended to mitigate the impacts of the four-week Canada Post mail stoppage on fundraising campaigns by charities.

      Corporations must have a taxation year that ended after November 14, 2024, and before January 1, 2025. A corporation that meets this condition and makes a donation or gift to a charity or other qualified donee before March 2025 can choose to deduct the eligible amount of the donation or gift in its income tax return for the taxation year that ended in 2024. The donation or gift must have been made in the form of cash, or transferred by way of cheque, credit card, money order, or electronic payment.

      If a corporation does not claim a deduction for this donation or gift in its income tax return for the taxation year ending in 2024, it can claim a deduction in its return for the taxation year ending in 2025 or carry forward the eligible amount of the donation to a future year.

    7. CRA confirms it will not be administering certain proposed income tax measures

      The CRA has recently confirmed that it will not be administering certain proposed income tax measures that were included in draft legislation released for public comment on August 12, 2024. As of the time of writing, the proposed measures that the CRA has so far indicated that they will not administer are:

      • Proposed amendments to temporarily increase the maximum capital cost allowance (CCA) rate from 4% to 10% for buildings or parts of a building that qualify as a new purpose-built residential rental throughout the year (to qualify, construction must start after April 15, 2024, and before 2031, and the property must become available for use before 2036); and

      • Proposed amendments to temporarily allow for the full expensing of eligible property in CCA Classes 44 (patents or rights to use patented information for a limited or unlimited period), 46 (data network infrastructure equipment and related systems software), and 50 (general-purpose electronic data-processing equipment and systems software) that is acquired after April 15, 2024, and becomes available for use before 2027.

      The CRA indicated that if these proposed measures subsequently become enacted, the taxpayers who file their tax returns based on the current legislation may need to amend their returns.

  2. New forms

    In-house forms

    • Schedule 1 Supplementary - Non-deductible Automobile Expenses (leasing start after 2024)

      • A new page was added for the federal in-house form for non-deductible automobile expenses for leases starting after 2024. This is to take into account the deductible leasing costs increase from $1,050 to $1,100 per month, before tax, for new leases entered into after 2024.

    • CO-17.A.1 Supplementary - Non-deductible Automobile Expenses (leasing start after 2024)

      • A new page was added for the Quebec in-house form for non-deductible automobile expenses for leases starting after 2024. This is to take into account the deductible leasing costs increase from $1,050 to $1,100 per month, before tax, for new leases entered into after 2024.

  3. Revised forms

    Federal

    • Schedule 6 - Summary of Dispositions of Capital Property (2011 and later tax years)

    • Schedule 63 - Return of Fuel Charge Proceeds to Farmers Tax Credit (2023 and later tax years)

      • This form has been revised in order to implement the farmers tax credit payment rate applicable to each designated province for 2024 and 2025. The payment rate is 0.229% for 2024 and 0.250% for 2025.

    • Schedule 346 - Nova Scotia Corporation Tax Calculation (2022 and later tax years)

    • Cancel Business Consent Confirmation Page

      • The CRA has removed the ability to Cancel consent for all representatives. Cancelling a specific representative is solely permitted by CRA with this DT Max T2 version. As such, the options for the keyword Cancel.rep within the Consent group have been modified to:

        – Cancel specific representative (all jurisdictions): This option will continue to cancel a specific representative for all applicable jurisdictions.

        – Cancel all reps. (except Fed)/Cancel specific rep. (Fed): This option will continue to cancel consent for all representatives for Quebec, Alberta and Manitoba consent forms. However, for federal purposes, this option will cancel a specific representative.

        Please make sure to review your data entry and adjust accordingly, if needed. A new warning message has been added in the data entry screen if the option "Cancel all reps. (except Fed)/Cancel specific rep. (Fed)" has been chosen asking you to enter either the keyword Bus-Number.rep or the keyword RepID within the Cancel.rep keyword subgroup.

        In addition, the keyword GroupID within the Cancel.rep subgroup when the option "Cancel specific representative (all jurisdictions)" is selected has been removed when choosing the keyword Consent with the option "Cancel representative". The form has also been revised to reflect this.

    • T2WS1 Worksheet 1 - Calculating your estimated tax payable and tax credits for 2025

      N.B.: No calculation support is available for this form.

    • T2WS2 Worksheet 2 - Calculating your monthly instalment payments for 2025

    • T2WS3 Worksheet 3 - Calculating your quarterly instalment payments for 2025

    Quebec

    • CO-17S.232 - Summary of Dispositions of Capital Property (2011 and later tax years)

    • CO-1029.8.36.PM - Tax Credit for Corporations Specialized in the Production of Multimedia Titles

    • CO-1029.8.36.TM - Tax Credit for Multimedia Titles

    • COZ-1179 - Logging Operations Return

      • This form has been updated by Revenu Québec.

        – In Part 3, Income from logging operations, line 26b has been revised so that you can enter the inclusion rate that applies to the capital gains. A new keyword CapGain-Rate within the Log-Income subgroup has been added in the LoggingReturn keyword group. If there is no entry for the keyword CapGain-Rate , DT Max will automatically default to 50%.

        – In Part 8, Deduction for logging tax, two new lines 101A and 101B have been added in order to calculate the portion of the logging tax payable from the taxation year covered that can be deducted from the income tax payable and that was not used to reduce the logging tax payable calculated in section 5.3. As a consequence, the calculation for line 108 and line 117 have been revised.

    Alberta

    • AT1 Filing Exemption Checklist

    • AT1 Schedule 29 - Alberta Innovation Employment Grant

      • A revised version of this form has been released by the TRA.

        The calculation for the allocated allowed amount to each corporation on line 268 has been revised. It now takes into consideration the allocated expenditure limit on line 240 as well.

    • AT1 Schedule 29 - Listing of Innovation Employment Grant Projects Claimed in Alberta

    In-house forms

    • Charity assembly instructions

    • Notes and diagnostics page

      • Tables concerning government information and instructions for the new capital gains inclusion rate have been deleted due to the deferral of the capital gains inclusion rate to January 1, 2026.

  4. Deleted forms

    Quebec

    • CO-1029.8.36.FM - Tax Credit for Training in the Manufacturing, Forestry and Mining Sectors

  5. New keywords

    1. In the Log-Income subgroup in the LoggingReturn group, pertaining to Quebec Form COZ-1179:

      1. CapGain-Rate : Inclusion rate applicable to capital gains derived from forest products

        Use the keyword CapGain-Rate to enter the inclusion rate that is applicable to the amount of capital gains derived from forest products.

  6. Deleted keywords

    1. From the Trainee.tc subgroup within the TrainingCrQ group , pertaining to the deleted Quebec Form CO-1029.8.36.FM:

      1. TrainingCost: Cost of eligible training

      2. Empl-Salary: Salary or wages paid to the eligible employee during training

      3. Assistance.tr: Assistance, benefit or advantage received

      4. Apparent-Paymt: Apparent payment received within the context of an eligible training

    2. From the TrainingCrQ group , pertaining to the deleted Quebec Form CO-1029.8.36.FM:

      1. Act.tc: Whether the Act to promote workforce skills development and recognition applies to corporation

      2. RLZ-1.S: Information relating to RLZ-1.S form

  7. Revised options

    1. For the keyword Cancel.rep within the Consent keyword group, pertaining to the federal Cancel Business Consent Confirmation Page:

      Cancel specific representative (all jurisdictions)
      Cancel all reps. (except Fed)/Cancel specific rep. (Fed)

  8. Deleted options

    1. From the keyword TrainingCrQ , pertaining to the deleted Quebec Form CO-1029.8.36.FM:

      Training mfg/mining/forestry - before 4/06/2014
      Training mfg/mining/forestry - after 3/06/2014
      Train. mfg/mining/forestry partnership - before 4/06/2014
      Train. mfg/mining/forestry partnership - after 3/06/2014

    2. From the deleted keyword RLZ-1.S in the TrainingCrQ keyword group, pertaining to the deleted Quebec Form CO-1029.8.36.FM:

      Eligible training expense (Ln 77, RLZ-1.S)
      Part employer must dedicate to training (Ln 51, RLZ-1.S)

    3. From the keyword Que-Credits , pertaining to the Quebec CO-17 return:

      Training in the manufacturing sector

 

 

March 26, 2025