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We are pleased to announce that a new version of DT Max for
corporations (T2) is now available by Internet. Downloading
can be done via our web site or by the Check for program
updates option of the Tools or Help menus.
DT Max version 10.25 includes the T2 program for fiscal periods ending from 1994 to 2007 and fully supports corporation Internet filing (T2 and CO-17) and Ontario CT23 diskette or CD filing (D-File).
Remember, in order to have DT Max T2 function properly, your T2 license must be valid or else calculation of returns is not possible.
Program certification
For DT Max T2 version 10.25, the federal RSI's (Return and Schedule Information), barcodes and the corporation Internet filing module have received full CRA certification valid through taxation year-ends until October 31st, 2007 under the DT15 stamp.
Integration of eligible dividends legislation
DT Max T2 version 10.25 fully integrates all the recently released schedules that will allow you to administer the various provisions of the federal eligible dividends legislation. Please note that there are no such provisions in regards to corporations for Quebec CO-17 returns.
For CCPCs, the GRIP
The General Rate Income Pool (GRIP) is in essence formed by active business income that is NOT subject to a preferential taxation rate (Small business deduction or any other).
For Non-CCPCs, the LRIP
The Low Rate Income Pool (LRIP) establishes the threshold amount of NON-eligible dividends that have to be paid out, before any amount of eligible dividends can be designated by a corporation without penalty.
Please
click here for additional details on what's new in DT Max
version 10.25. |
