The latest DT Max program update is now available. DT Max version 11.30 is a CD release that features the T1/TP-1 program for tax years 1998 to 2007 as well as the 2008 tax planner, in addition to fully supporting T1/TP-1 efile. Version 11.30 also features the T3/TP-646 program for fiscal periods ending from 2003 to 2008 inclusively.
T1 Version Highlights
New 5-year comparative summaries for statements of business activities and real estate rentals
Five new summaries have been added to your DT Max T1 program:
- T776-S - Real estate rental summary
- T2032-S - Professional activities summary
- T2124-S - Business activities summary
- TP-80-S - Business or profession activities summary
- TP-128-S - Rental of immovable property summary
These summaries have been designed to allow users to easily view the variations of income and expenses from year to year. The summaries are made up of four information sections, an identification section, a section for income and expenses, a section for the variation percentage for each year and finally a section for the percentage represented by the income and expenses types for the current year in relation to the gross income. If data from the earlier year does not appear on the summaries, please ensure that the client's prior year return has been calculated and is available for printing.
Split capital gains between spouses
Version 11.30 now provides the ability to claim a portion of capital gains and losses or split them between the taxpayer and their spouse. The following new keywords have been added to facilitate the split.
Own-%Share.c : % share of capital gain
Use this keyword to enter the percentage of your client's share of the capital gain/loss.
Spouse-Share.c : Remaining share and treatment
Use the keyword Spouse-Share.c to enter the remaining percentage of capital gain/loss, and indicate the treatment.
If the remaining capital gain/loss belongs to the taxpayer's spouse, DT Max will add it to the spouse's tax return. Otherwise, the balance will not be added automatically to anyone else's return.
T3 Version Highlights
Partnerships
Partners that are trusts and who receive T5013 or T5013A slips, must report the information on a T3 trust income tax return. DT Max T3 now offers the ability to enter partnership income for tax shelters by using the new keyword Partnership.
New forms
T1229 - Statement of resource expenses and depletion allowance
Carry forward schedule
Please
click here for additional details on what's new in DT Max
T1/T3 version 11.30. |
