Identification

Identification

Name

This is the name of the corporation which will appear on the tax return and by which the corporation is identified. This name will appear on the top of each page of the tax return.

Use Ident-Name to enter the name of the corporation which will appear in your DT Max T2 client database. This name will not print on the client's tax return nor on any forms or schedules except for the AT1 Alberta return, and the applicable GIFI form as the operating name of the corporation.

YearEnd

This is the year end of the corporation which will appear on the top of each page of the tax return.

CorpType

DT Max uses the corporation type entered for identification and calculation purposes.

Where relevant, a group of keywords will appear when the corporation type is such that the corporation can also be a subject corporation or an investment corporation.

The following options are applicable for the keyword CorpType.

Corporation types used for identification and calculation purposes.

Cdn controlled private corp.

Canadian-controlled private corporations are eligible for the small business deduction. DT Max will calculate the deduction for these corporations.

Other private corporation

Private corporations are subject to part IV tax. They may receive a dividend refund on taxable dividends paid and can have a refundable dividend tax on hand (RDTOH) account. If relevant, enter dividends received in the IncomeSource group, taxable dividends paid in the DividendPaid keyword and the opening RDTOH balance in the RDTOH-CF keyword. Enter investment income subject to refundable part I tax in the IncomeSource group.

Public corporation

Cdn corp contr by public corp

These are other corporation types classified on the federal T2 return. No small business deduction will be calculated for these corporations. If a corporation of this type is a subject corporation for part IV tax purposes, choose "Yes" in the SubjectCorp keyword in the CorpType group.

Co-operative

Credit union

Co-operative corporations and credit unions are eligible for the small business deduction also. DT Max will calculate the deduction for these corporations. These corporations will be classified as "other" on the federal T2 return.

Non resident corporation

This corporation type will be classified as "other" on the federal T2 tax return. Enter the country of the corporation's residence in the Country keyword so it will print on the federal T2 return.

Federal Crown corporation

Federal Crown corporations are exempt from parts I and I.3 tax and deemed not to be private corporations. DT Max will not calculate any federal tax for these corporations. This corporation type will be classified as "other" on the T2 return.

Municipal or provincial corp

Provincial corporations or municipalities are exempt from parts I and I.3 tax and deemed not to be private corporations for part IV tax. DT Max will not calculate any federal tax for these corporations. This corporation type will be classified as "other" on the federal T2 return.

Exempt-NPO SR&ED-ITA 149(1)(j)

Fed ITA 149(1)(j) non profit organizations for SR&ED are classified as tax-exempt on the federal T2 return. DT Max will not calculate federal tax for these corporations.

Exempt - ITA 149(1)(e)

Fed ITA 149(1)(e) tax-exempt corporations consist of agricultural organizations, boards of trade and chambers of commerce.

Exempt - ITA 149(1)(l)

Fed ITA 149(1)(l) tax-exempt corporations consist of clubs, societies or organizations operated solely for social welfare, civic improvement, recreation or any other non profit purpose.

Exempt-farm/fish-ITA 149(1)(t)

Fed ITA 149(1)(t) tax-exempt corporations consist of an insurer that, throughout the period, is not engaged in any business other than insurance of property used in farming or fishing or for the residences of farmers or fishermen.

Exempt other per ITA 149

Exempt under other paragraphs of Fed ITA section 149.

Other type of corp (specify)

This corporation type will be classified as "other" on the federal T2.

Other corp, non share capital

Other corporations which are non share capital are separately classified as non share capital corporations on page 1 of the CT-23 return.

NonRes-Id

Use NonRes-Id to indicate the income tax account number assigned to the corporation in the country of residence.

SubjectCorp

Choose "YES" if the corporation is a subject corporation for part IV tax purposes. DT Max will calculate part IV tax on dividends received. Dividends entered in the IncomeSource group will be listed on schedule 3 (T2S(3)).

The following options are applicable for the keyword SubjectCorp.

Yes

Country-Incorp

Use the keyword Country-Incorp to enter the name of the country in which the corporation was incorporated or is deemed to have been incorporated according to subsection 250(5.1) of the Income Tax Act.

Discontinuance

Use the keyword Discontinuance to indicate whether a certificate of discontinuance was issued to the non-resident corporation incorporated in Canada.

The following options are applicable for the keyword Discontinuance.

Yes

NR-Income

Use the keyword NR-Income to identify the situation of the non-resident corporation, depending on the Canadian income earned.

The following options are applicable for the keyword NR-Income.

Type of operation for those corporations filing for the first time

Actor corporation (section 216.1)

Authorized foreign bank

Emigrant corporation

Life insurance corporation

Limited liability corporation (LLC)

Non-resident - Canadian branch

Non-resident - disposition of TCP

Non-resident - section 216

Other insurance corporation

Travelling corporation

Treaty-based exempt corporation

InvestCorp

Use InvestCorp to indicate this corporation is an investment corporation of the type entered.

The following options are applicable for the keyword InvestCorp.

Types of investment corporations.

Public investment corporation

Public investment corporations can claim federal and provincial capital gains refunds. DT Max will also calculate the deduction allowed for the corporate surtax base for these corporations on the T2 return.

Mortgage investment corporation

Mortgage investment corporations will be identified as such on federal schedule 524.

Mutual fund corporation

Mutual fund corporations can claim federal and provincial capital gains refunds. DT Max will also calculate the deduction allowed for the corporate surtax base for these corporations on the T2 return.
These corporations will be identified as this type on page 1 of the Ontario CT-23 and Alberta AT1 returns.

Public investment/mutual fund corp.

Corporations which are both public investment and mutual fund corporations can claim federal and provincial capital gains refunds. DT Max will also calculate the deduction allowed for the corporate surtax base for these corporations on the T2 return.

Election.c

Use Election.c if the corporation has elected under subsection 89(11) to be deemed not to be a CCPC or has revoked under subsection 89(12) an election previously made under subsection 89(11).

If the election or revocation is made in the current tax year, use the keyword Section(89) to indicate if it is a first-time election or revocation, or a subsequent election or revocation in order to generate federal form T2002.

The following options are applicable for the keyword Election.c.

Election, or revocation of election, not to be a CCPC.

Elected not to be a CCPC under subs. 89(11)

A corporation that files with the CRA on or before its filing-due date for a particular tax year an election to have subsection 89(11) apply is deemed for the purposes described in subsection 125(7)(d) not to be a CCPC at any time in or after the particular tax year.

Revocation of election under subs. 89(12)

If a corporation files with the CRA on or before its filing-due date for a particular tax year a notice revoking, as of the end of the particular tax year, an election described in subsection 89(11), the election ceases to apply to the corporation at the end of the particular tax year.

Section(89)

Use Section(89) to indicate whether it is the first time that the corporation elected, or revoked an election, not to be a Canadian-controlled private corporation, or to indicate that the corporation has made a subsequent election or revocation.

The following options are applicable for the keyword Section(89).

Status change

First time election

First time revocation

Subsequent election

Subsequent revocation

Month-Ext

Use Month-Ext to specify whether the corporation is entitled to pay the balance of tax due three months after the end of the fiscal period as opposed to the usual two-month deadline.

Generally, all corporation taxes (with the exception of Part III and Part XII.6) are due two months after the end of the tax year. However, the tax is due three months after the end of the tax year if the following conditions apply:

- the corporation is a CCPC throughout the tax year; - the corporation is claiming the small business deduction for the tax year, or was allowed the small business deduction in the previous tax year; and either - the corporation’s taxable income for the previous tax year does not exceed its business limit for that tax year (if the corporation is not associated with any other corporation during the tax year); or - the total of the taxable incomes of all the associated corporations for their last tax year ending in the previous calendar year does not exceed the total of their business limits for those tax years (if the corporation is associated with any other corporation during the tax year). The business limits are provided at Line 410.

For determining balance due dates, the taxable income for the previous year of corporations and associated, subsidiary, and predecessor corporations means taxable income before applying loss carrybacks.

Special rules apply to determine the balance due date of a new corporation formed after an amalgamation or of a parent corporation after it receives the assets of a subsidiary corporation that is winding-up. For more information, visit www.cra.gc.ca/tax/business/topics/ corporations/payments or see Guide T7B-Corp, Corporation Instalment Guide.

The following options are applicable for the keyword Month-Ext.

Yes

Exempt-Type

Use Exempt-Type to indicate the type of corporation that is exempt from tax under section 149 of the Income Tax Act. This information is for purposes of schedule 200.

The following options are applicable for the keyword Exempt-Type.

Corporation types used for identification and calculation purposes.

Cdn controlled private corp.

Canadian-controlled private corporations are eligible for the small business deduction. DT Max will calculate the deduction for these corporations.

Other private corporation

Private corporations are subject to part IV tax. They may receive a dividend refund on taxable dividends paid and can have a refundable dividend tax on hand (RDTOH) account. If relevant, enter dividends received in the IncomeSource group, taxable dividends paid in the DividendPaid keyword and the opening RDTOH balance in the RDTOH-CF keyword. Enter investment income subject to refundable part I tax in the IncomeSource group.

Public corporation

Cdn corp contr by public corp

These are other corporation types classified on the federal T2 return. No small business deduction will be calculated for these corporations. If a corporation of this type is a subject corporation for part IV tax purposes, choose "Yes" in the SubjectCorp keyword in the CorpType group.

Other type of corp (specify)

This corporation type will be classified as "other" on the federal T2.

Controlled-NR

Use Controlled-NR to indicate whether the corporation is controlled directly or indirectly, in any manner whatever, by one or more persons not resident in Canada. This information is used to determine the applicable tax credit rate for the corporation, if claiming the Quebec tax credit for salaries and wages on form RD-1029.7.

The following options are applicable for the keyword Controlled-NR.

Yes

NR-YearEnd

Use NR-YearEnd to indicate the year-end of the fiscal period used by the corporation for its Canadian business.

CharityType

Use the keyword CharityType to indicate the type of organization (charity, museum, etc.) at the end of the year.

The following options are applicable for the keyword CharityType.

Registered charities or recognized organizations.

Select

Registered charity

Registered national arts service organization

Registered museum

Registered cultural/communications organization

Recognized political education organization

Date.c

Use the keyword Date.c to enter the registration date of the charitable organization or recognized organization.

Regist-Num.c

Use the keyword Regist-Num.c to enter the registration number of the recognized organization assigned by Revenu Québec.

Ident-Number.c

Use the keyword Ident-Number.c to enter the identification number of the recognized organization assigned by Revenu Québec.

Designation.c

If you are completing the information return for a charity, use the keyword Designation.c to indicate whether the charity was designated or registered as a charitable organization, public foundation or private foundation.

The following options are applicable for the keyword Designation.c.

Charity registration or designation

Charitable organization

Private foundation

Public foundation

Activity

The Activity entered is used for identification purposes; it is printed on the tax return. If regular corporation is chosen i.e. none of the other types, you must enter the activity type in this keyword.

The following options are applicable for the keyword Activity.

Classifications not specifically referred to in any SIC (Standard Industry Classification) codes.

Regular corp. (specify activity)

Use regular corporation and enter the corporation's activity if this corporation's activity is not below. If this is a multi-jurisdiction corporation, DT Max will then request you enter the corporation's salaries and wages incurred and gross revenues earned in each jurisdiction entered in the Jurisdiction keyword group. If other allocation bases apply, select the correct activity from the options below:

Insurance corporation

Bank

Trust & loan corporation

Railway corporation

Airline corporation

Grain elevator operator

Bus operator

Truck operator

Truck operators are subject to the same rules as bus operators with respect to the allocation of taxable income for multi-jurisdiction corporations.

Ship operator

Pipeline operator

All of the above types are subject to special rules with respect to the allocation of taxable income for multi-jurisdiction corporations. If you choose one of the above, DT Max will request the correct allocation bases in the Jurisdiction keyword group.

Canadian M & P

Choose "Manufacturing & Processing - Cdn" if the corporation meets the following conditions:
1.  its activities during the year were primarily manufacturing or
    processing in Canada of goods for sale or lease,

2.  it was not engaged at any time during the year in any activities
    that are excluded from manufacturing and processing by subparagraphs
    125.1(3)(b)(i) to (ix) (e.g. farming, fishing, logging, construction,
    or resource income) and

3.  it did not carry out any active business outside Canada at any time
    during the year.
DT Max uses this information for purposes of the manufacturing and processing profits deduction. If the corporation meets the above conditions and the net active business income of the associated group of corporations is less than $200,000, the corporation will qualify as a small manufacturing corporation.
Enter the active business income of each associated corporation in the ActiveBusInc keyword in that corporation's RelatedParty group.

Other manufacturing & processing

Choose "Manufacturing & Processing - Other" if the corporation does not meet the conditions above.

Professional

Family farm corporation

Family fishing corporation

If a loss is incurred by the corporation, the loss will appear as a farm loss on schedule 4 (T2S(4)) if the Activity entered is one of these types.
Family farming and fishing corporations are exempt from tax on capital, as follows:
Quebec: No tax on capital applies on the first $300,000 of taxable capital but the corporation must pay 1/2 of the minimum tax on capital ($50 before Sept.1/91,$62.50 from Sept.1/91 until May 20/93 and $125 after May 20/93).
Ontario: No tax on capital applies if the corporation's assets and gross revenues do not exceed $1 million, otherwise the corporation is subject to a flat amount of capital tax of $100. Enter the amount of total assets and gross revenues in Assets in the TaxOnCapital group and GrossRevenue in the NetIncome group.

Other farming corporation

If a loss is incurred by the corporation, the loss will appear as a restricted farm loss on schedule 4 (T2S(4)) if the Activity entered is this type. For Quebec purposes, other farming corporations are exempt from tax on capital in the same way as family farming corporations.

Other fishing corporation

If a loss is incurred by the corporation, the loss will appear as a restricted farm loss on schedule 4 (T2S(4)) if the Activity entered is this type. For Quebec purposes, other fishing corporations are exempt from tax on capital in the same way as family fishing corporations.

Mining

For Quebec purposes, mining corporations which are not yet in the production stage are exempt from tax on capital but must pay the minimum amount. If the corporation has commenced mining production, enter the commencement date in the BeginMineOp keyword in the IncorpDate group; the date entered will print on page 1 of the CO-17 return.

Inactive

For Quebec purposes, inactive corporations are subject to the minimum tax on capital if total assets exceed $5000 (or $1000 for taxation years ending before May 15/92). Otherwise, inactive corporations with assets below the threshold amount pay no tax on capital. Enter the amount of total assets in Assets in the TaxOnCapital group.

Bare trustee corporation

Bare trustee corporations are separately classified on federal schedule 524. These are corporations which are the legally registered, but not beneficial, owners of the corporation's property.

ForeignBank

Use the keyword ForeignBank to indicate whether or not the corporation is an authorized foreign bank for purposes of federal schedule 21.

The following options are applicable for the keyword ForeignBank.

Yes

Elect-Energy

Use Elect-Energy to specify whether or not the corporation produces or processes electrical energy or steam for sale. This information is required for the calculation of schedule 27 (M&P).

The following options are applicable for the keyword Elect-Energy.

Types of activities for a manufacturing and processing corporation

Corporation generates electrical energy only

Corp. generates electrical energy & other elig. activities

Corporation does not generate electrical energy

Descript.act

Use Descript.act if you want to further describe the corporation's activity on its tax returns; otherwise DT Max will print the activity entered in the Activity keyword on the returns.

NAICS

Use the keyword NAICS to enter the 3-digit numeric NAICS code that best describes the corporation's activities.

ResaleCode

The ResaleCode code entered here will be ticked on the T2 return where this information is requested.

Choose either Retail or Wholesale. Typically, SIC codes in the 6000 series are Retail and in the 5000 series are Wholesale.

The following options are applicable for the keyword ResaleCode.

Retail

Wholesale

Product

Product information entered here will print on the T2 return where the corporation's principal products or services is requested.

Sub-Contractors

Use the keyword Sub-Contractors to indicate whether or not the corporation had any sub-contractors during the year, if the corporation's major business activity was construction.

The following options are applicable for the keyword Sub-Contractors.

Yes

Address

If the head office ADDRESS is the same as the mailing address or location of books and records, enter the head office address only. DT Max will print this address as the mailing address and location of books and records.

The following options are applicable for the keyword Address.

Types of addresses requested on the federal T2 and provincial returns.

Head office

The head office address should always be entered.

Mailing address

If the mailing address is not as specified in your user default file, in the MailAddress keyword, enter the mailing address.

Location of books & records

Enter the location of books and records if different from the head office address. If not entered, DT Max will assume it is the same as the head office.

Assessment notice & correspondence

Indicate the address to be used with respect to the assessment notice and all related correspondence if the corporation does not wish to use its mailing address for these purposes. This information will appear on Alberta's AT1 income tax return.

Care-Of

The firm name or person entered in Care-Of will print as the first line of the address when the address entered in this group is printed on the return.

Street

This is the street address of the corporation

Address-Ln-2

Use the keyword Address-Ln-2 to enter additional details regarding the address information of the corporation (e.g. tower, building, etc.)

This information will appear on the federal jacket and on most provincial jackets.

Suite

This is the suite number of the corporation. If this is entered, DT Max will print the hash sign, "#" and the number. Do not enter the word "SUITE" or "#". If nothing is entered, DT Max will understand that there is no relevant suite number and will not print anything.

POBox

This is the post office box number of the corporation. If this is entered, DT Max will print "P.O. Box" and the number. Do not enter "P.O. Box" or "#". If nothing is entered, DT Max will understand that there is no relevant P.O. box number and will not print anything.

City

This is the city in the address of the corporation. DT Max will not check the spelling of the city name.

Province

This is the Province in the address of the corporation.

If the Province of the head office is not at the corporation's permanent establishment, or if permanent establishments exist in more than one province, territory or country, make sure that you use the Jurisdiction group to enter the location of all permanent establishments. Otherwise, DT Max will assume that the corporation's only permanent establishment is in the province of the head office.

The following options are applicable for the keyword Province.

Federal

Newfoundland and Labrador

Newf. and Labrador - offshore

Prince Edward Island

Nova Scotia

Nova Scotia - offshore

New Brunswick

Quebec

Ontario

Manitoba

Saskatchewan

Alberta

British Columbia

Yukon

Northwest Territories

Nunavut

Other (specify)

State

Use the keyword State to select the state.

PostCode

This is the postal code in the address of the corporation. DT Max will make sure that it is in the correct format and will always enter the alphabetic portions in upper case.

ZIPCode

Use the keyword ZIPCode to enter the zip code.

For-Post

Use the keyword For-Post to enter the foreign postal code.

Country

Country is relevant to non resident corporations only. When Country is entered in the "Head Office" Address group, DT Max will tick the "NO" box on the T2 return requesting whether the corporation is a Canadian resident. The country of residence entered will print in the same area of the return.

MailAddress

MailAddress is used to specify the mailing address to be printed on the tax return of this corporation. Enter this only if this differs from that specified in your user default setup.

The following options are applicable for the keyword MailAddress.

Types of addresses requested on the federal T2 and provincial returns.

Head office

The head office address should always be entered.

Address of accountant

If you want the mailing address to be the Accountant's address as indicated in your Tax preparer setup, choose "Accountant's address".

Location of books & records

Enter the location of books and records if different from the head office address. If not entered, DT Max will assume it is the same as the head office.

BooksAddress

BooksAddress is used to specify the location of books and records address to be printed on the tax return of this corporation.

The following options are applicable for the keyword BooksAddress.

Types of addresses requested on the federal T2 and provincial returns.

Head office

The head office address should always be entered.

Mailing address

If the mailing address is not as specified in your user default file, in the MailAddress keyword, enter the mailing address.

Address of accountant

If you want the mailing address to be the Accountant's address as indicated in your Tax preparer setup, choose "Accountant's address".

ChangeAddress

ChangeAddress is used to specify if the address of head office, mailing address or location of books and records has changed since the last time the T2 return was filed.

If there has been a change, the address will print on the tax return.

The following options are applicable for the keyword ChangeAddress.

Types of addresses requested on the federal T2 and provincial returns.

Head office

The head office address should always be entered.

Mailing address

If the mailing address is not as specified in your user default file, in the MailAddress keyword, enter the mailing address.

Location of books & records

Enter the location of books and records if different from the head office address. If not entered, DT Max will assume it is the same as the head office.

SendInstal

Enter SendInstal as "Head Office" if instalment forms are to be sent to the Head Office. DT Max will then tick the appropriate box on the T2 return next to the corporation's mailing address. This will indicate that federal instalment forms should be mailed by the CRA to the corporation's head office. Otherwise, instalment forms will be sent to whichever mailing address you have chosen.

If the SendInstal keyword is not used, DT Max will assume (default) that the instalment forms should be mailed to the head office.

The following options are applicable for the keyword SendInstal.

Types of addresses requested on the federal T2 and provincial returns.

Head office

The head office address should always be entered.

Mailing address

If the mailing address is not as specified in your user default file, in the MailAddress keyword, enter the mailing address.

ContactName

The contact name entered here will be printed when required on the tax return; otherwise, the information entered can be used for your information purposes only.

Contact-Title

Use the keyword Contact-Title to enter the title of the contact person.

This information is required for purposes of federal form T1044 (Non-Profit Organization Information Return).

The following options are applicable for the keyword Contact-Title.

Titles of corporate officers.

President

The president will be assumed to be the signing officer of the corporation if no signing officer is entered.

Vice-president

Secretary

Treasurer

Secretary-treasurer

Other (specify)

Phone

This is the corporation's day phone number.

Each officer's phone number should be entered in the group for that particular officer in the CorpOfficers group.

Use PrintPhone to override your User default if you want/do not want phone numbers to be printed for this corporation.

Phone-Night

This is the corporation's night phone number for AgriStability/AgriInvest purposes only.

PrintPhone

Use the PrintPhone keyword if the option desired for printing for this corporation's tax return is different from your user default setup.

The following options are applicable for the keyword PrintPhone.

Yes

Fax

This is the corporation's fax number.

Each officer's fax number should be entered in the group for that particular officer in the CorpOfficers group.

Use PrintPhone to override your user default if you want/do not want phone numbers to be printed for this corporation.

HomePage

Use the keyword HomePage to enter the charity's web address for purposes of federal Registered charity information return (T3010B).

Destruction

Normally, books and records must be kept for at least six years following the taxation year to which they pertain. Use the keyword Destruction to file a request for authorization to destroy books and records. DT Max will generate form T137, which must be sent to the Director of the appropriate tax services office.

The following options are applicable for the keyword Destruction.

Authorization to destroy books & records

Choose this option if you wish to file a request for authorization to destroy certain books and records. DT Max will generate form T137.

Reason

Use the keyword Reason to specify the reasons for filing the request for authorization to destroy books and records.

Documents

Use the keyword Documents to specify the books, records and other documents to be destroyed.

Start-Date

Use the keyword Start-Date to enter the starting date of the fiscal period for which the request for authorization to destroy books and records was made.

End-Date

Use the keyword End-Date to enter the ending date of the fiscal period for which the request for authorization to destroy books and records was made.

Ret-Filed

Choose "YES" in the keyword Ret-Filed if all returns for the relevant taxation years have been filed. If you don't use this keyword, DT Max will default to "YES".

The following options are applicable for the keyword Ret-Filed.

Yes

Period-Elapsed

Choose "Yes" in the keyword Period-Elapsed if the appeal period provided by legislation is elapsed. Otherwise, DT Max will default to "No".

The following options are applicable for the keyword Period-Elapsed.

Yes

Appeal

Choose "YES" in the keyword Appeal if a notice of appeal or objection is outstanding. If you don't use this keyword, DT Max will default to "NO".

The following options are applicable for the keyword Appeal.

Yes

Type-Doc

Use the keyword Type-Doc to identify the type of documents affected by the request for authorization to destroy books and records.

The following options are applicable for the keyword Type-Doc.

Authorization to destroy books & records

Choose this option if you wish to file a request for authorization to destroy certain books and records. DT Max will generate form T137.

Non microfilmed or non imaged records

Choose this option if the documents affected by the authorization request are basic records which have not been microfilmed or imaged.

Microfilm or imaged records

Choose this option if the documents affected by the authorization request are records that were imaged or microfilmed (rolls of film, microfiches, microtypewriting, microcards, cards with windows, see-through jackets, etc.).

Electronic records

Choose this option if the documents affected by the authorization request are electronic records (diskettes, disks, tapes).

Oth-Info

Use the keyword Oth-Info to enter other relevant data in the "other information" section of the T137 form.

Language

The Language entered here will indicate the language in which the tax returns are to be printed except when printing a draft from the screen display.

The following options are applicable for the keyword Language.

English

French

Email

Enter the client's E-mail address here for your own information purposes.

IncorpDate

Use IncorpDate to indicate the date of incorporation and the jurisdiction under which the charter was obtained.

This information will appear on the T2 return if this is the first taxation year of the corporation.

The following options are applicable for the keyword IncorpDate.

Federal

Newfoundland and Labrador

Prince Edward Island

Nova Scotia

New Brunswick

Quebec

Ontario

Manitoba

Saskatchewan

Alberta

British Columbia

Yukon

Northwest Territories

Nunavut

Other (specify)

BeginDate

The keyword BeginDate must be entered in the first year of operations of the corporation only if, in that first year, the beginning date of operations is different from the date of incorporation.

This date will enable DT Max to establish the number of days in the first taxation year of the corporation.

A taxation year cannot exceed 53 weeks (371 days). If a date entered in BeginDate results in a year exceeding 53 weeks, DT Max will use the date that is 371 days before the year-end date as the first day of the taxation year.

BeginMineOp

Use BeginMineOp when the Activity entered is "Mining" and mining production has commenced. DT Max will print this date on the Quebec CO-17 return.

If this keyword is not entered, DT Max will assume that production has not yet started.

If production has not commenced, do not use this keyword. DT Max will calculate tax on capital based on the rule that mining corporations not yet in the production stage only pay the minimum amount of tax on capital for Quebec purposes.

Operation

For those corporations filing for the first time after incorporation use the keyword Operation to identify the type of operation that applies.

The following options are applicable for the keyword Operation.

Type of operation for those corporations filing for the first time

Bank

Co-operative corporation

Credit union

Crown corp. that is not an agent of Her Majesty

Crown corporation that is an agent of Her Majesty

Deposit insurance corporation

General insurance corporation

Investment public corporation

Investment public corporations - part IV tax

Labour-sponsored venture capital corporation

Life insurance corporation

Mortgage investment corporation

Mutual fund corporation

Non res. insurer exempt-part XIII withholding tax

Subject corporation

Travelling corporation

Other

Jurisdiction

Jurisdiction allows DT Max to allocate taxable income to different jurisdictions for a corporation which operates in more than one jurisdiction. Use Jurisdiction to enter the appropriate provinces in which the corporation is being taxed. When this group is used, you need to enter information related to the allocation bases, for multi-jurisdiction corporations only, or override the percentage of taxable income allocated to a jurisdiction on schedule 5 (T2S-TC) in the MultiJurisOV keyword.

The Jurisdiction keyword is also used to enter provincial account numbers. A "Federal" Jurisdiction group needs to always exist in the client's file. When no other Jurisdiction groups, except "Federal" exist, DT Max uses the Province entered in the "Head Office" ADDRESS as the corporation's jurisdiction.

For a multi-jurisdiction corporation, enter the corporation's activity in the Activity keyword. DT Max will then determine which allocation bases can be used to calculate the proportion of taxable income allocated to each jurisdiction. DT Max will request you enter the following bases depending on the corporation's activity.

You must enter an activity and an allocation base. Otherwise DT Max cannot allocate taxable income or tax to any jurisdiction.

ACTIVITY POSSIBLE ALLOCATION BASES (the default is the first one indicated)

Regular corporation 1. Salaries and wages paid to employees in (none of the types below) jurisdiction 2. Gross revenues earned in jurisdiction

If there are both salaries and wages paid in a jurisdiction and gross revenues from that jurisdiction, you must enter both options and the amounts attributable to that option. DT Max will then be able to correctly calculate taxable income attributable to the jurisdiction. If either allocation base is missing, DT Max will assume that the amount is equal to zero and will ignore that option.

Insurance corporation 1. Net insurance premiums for property or contracts in the jurisdiction

Chartered bank 1. Gross revenues earned in jurisdiction 2. Twice the loans and deposits in the jurisdiction

Trust & loan corporation 1. Gross revenues earned in jurisdiction

Railway corporation 1. Equated track km in jurisdiction 2. Gross ton km in jurisdiction

Airline corporation 1. Cost of fixed assets (non aircraft) in jurisdiction 2. 3 times revenue plane km flown in jurisdiction

Grain elevator operator 1. Metric tons of grain received in elevators operated in jurisdiction 2. Salaries & wages paid to employees in jurisdiction

Bus operator 1. Km driven on roads in jurisdiction or 2. Salaries and wages paid to employees in Truck operator jurisdiction

Ship operator 1. Port-call-tonnage in jurisdiction (used for allocable income only) 2. Salaries and wages paid to non ship employees in jurisdiction (used for taxable income in excess of allocable income)

Pipeline operator 1. Km of pipeline in jurisdiction 2. Salaries and wages paid to employees in jurisdiction

Refer to the Fed Income Tax Reg. 402 to 412 for more detail on the allocation bases above.

The following options are applicable for the keyword Jurisdiction.

Federal

Newfoundland and Labrador

Newf. and Labrador - offshore

Prince Edward Island

Nova Scotia

Nova Scotia - offshore

New Brunswick

Quebec

Ontario

Manitoba

Saskatchewan

Alberta

British Columbia

Yukon

Northwest Territories

Nunavut

Other (specify)

CMT-Exempt

When CMT-Exempt is "Yes", DT Max will not calculate Ontario corporate minimum tax. Corporations which are exempt from Ontario Corporate Minimum Tax ( CMT-Exempt) include the following:

1. Corporations with taxation years commencing before January 1, 1994: DT Max will be able to determine this based on the YEAREND date entered. The keyword need not be entered in this case.

2. Charities or non profit organizations: choose this type in the CORPTYPE keyword if it applies;

3. Non resident corporations whose only taxable income is from dispositions of taxable Canadian property: choose this type in the CORPTYPE keyword if it applies;

4. Corporations which, throughout the year, are: - investment or mortgage investment corporations, - mutual fund corporations, or - non resident-owned investment corporations.

The above types can be specified in the INVESTCORP keyword;

5. Corporations that are throughout the year congregation or business organizations: choose "YES" in CMT-EXEMPT to indicate this and any other qualifying exempt corporation for CMT purposes.

The following options are applicable for the keyword CMT-Exempt.

Yes

Bus-Number

This is the new business number of the corporation. This number will serve as a prefix to replace all other federal tax numbers, all of which will appear as suffixes to this number.

NEQ

This is the Québec enterprise number (NEQ) of the corporation.

Tax-Account

This is the corporation tax account of the corporation, which will identify the tax return.

AnnualReturn-No

This is the Ontario Corporation Number (OCN) for purposes of the Corporations Information Act Annual Return for Ontario corporations (Schedules 546 and 548).

Bus-ID-Num

TRACS - Tax and Revenue Administration Client Self-Service - is designed for Alberta Finance and Enterprise, Tax and Revenue Administration's (TRA) taxpayers, claimants and filers. It is a secure online system that provides an alternative for authorized individuals to conduct business with TRA.

TRACS enables businesses to self-manage access to their accounts. The business owner, or individual authorized by the business owner, may grant additional account access to tax preparers and/or other employees, as required.

An account number is necessary for enrolling into TRACS. It links you to the account that you wish to access. The account number is your Alberta Business Identification Number (BIN) unless otherwise indicated.

Use the keyword Bus-ID-Num to enter the Alberta business identification number.

QueActivity

These are activity classifications for Quebec.

The following options are applicable for the keyword QueActivity.

Special activity classifications, for Ontario purposes only.

Oil refining corporation

OntActivity

These are special activity classifications for the federal schedule 524.

The following options are applicable for the keyword OntActivity.

Special activity classifications, for Ontario purposes only.

Condo / co-op housing corporation

Use condominium and co-op housing corporation if the corporation is also tax-exempt. If this is the case, DT Max will set income and capital tax as zero.

Non resident ship or aircraft

Non resident ships or aircraft are separately classified on page 3 of the CT-23 return.

Financial institutions per regul.

Financial institutions prescribed by regulation only are separately classified on federal schedule 524.

Registered securities dealer

Registered securities dealers are separately classified on federal schedule 524.

Generator of electrical energy

Generator of electrical energy for sale or producer of steam for use in the generation of electrical energy for sale. This type of corporation is classified separately on federal schedule 524.

Hydro successor

Hydro successor, Municipal Electrical Utility or subsidiary of either. This type of corporation is classified separately on federal schedule 524.

Producer and seller of steam

Producer and seller of steam for uses other than the generation of electricity. This type of corporation is classified separately on federal schedule 524.

Insurance exchange

Insurance exchanges are classified separately on federal schedule 524.

Farm feeder finance cooperative

Farm feeder finance cooperative corporations are classified separately on federal schedule 524.

Mutual insurance

Specialty mutual insurance

Professional corporation

Professional corporations are classified separately on federal schedule 524.

Limited liability corporation

Other

Govt-Assist

Use the keyword Govt-Assist to indicate whether or not the corporation received any governemnt assistance during the year.

This information is required on page 1 of the CO-17 return.

The following options are applicable for the keyword Govt-Assist.

Yes

Amount.Assist

Use the keyword Amount.Assist to enter the amount of government assistance that the corporation received in the year.

Application

Use the keyword Application to specify how the government assistance received by the corporation during the fiscal period was applied.

CorpType-Que

Use the keyword CorpType-Que to indicate whether the corporation is an agent corporation, a dummy corporation or a general partner.

These are special activity classifications for the Quebec CO-17 return.

The following options are applicable for the keyword CorpType-Que.

Yes

Oth-Business

Use the keyword Oth-Business to indicate whether or not the corporation continued to operate another business during the year. This information will appear on page 1 of the Quebec CO-17 return.

The following options are applicable for the keyword Oth-Business.

Yes

Beneficiary

Use the keyword Beneficiary to indicate whether or not the corporation is the beneficiary of a designated trust.

This information will appear on page 2 of the Quebec CO-17 return.

The following options are applicable for the keyword Beneficiary.

Yes

Trust-Return

A non-profit corporation is required to file form TP-646-V (Trust income tax return) if its main purpose is to provide recreational, sporting or dining facilities for its members, and it also has income from property, a taxable capital gain or an allowable capital loss that exceeds $2,000.

Use the keyword Trust-Return to indicate whether or not the corporation is required to file form TP-646-V.

This information is requested on Quebec form CO-17.SP-V (Information and income return for non-profit corporations).

The following options are applicable for the keyword Trust-Return.

Whether or not the non-profit corporation is filing form TP-646-V (Trust income tax return).

NPC filing TP-646-V

NPC not filing TP-646-V

SIC

Use this keyword to enter the four (4) digit numeric SIC code (Standard Industrial Classification Code) that best describes the corporation's activities. The SIC code entered will be printed on page 1 of the AT1 return.

A complete list of SIC codes is available here.

Bus%-Que

Use the keyword BUS%-QUE to enter the percentage of business carried on in Québec by the corporation.

FirstReturn

If this is the first return for the jurisdiction entered, this information will be printed where requested.

The following options are applicable for the keyword FirstReturn.

Yes

LastReturn

If this is the final return for the jurisdiction entered, this information will be printed on the T1044, the TP-985.22 or the AgriStabilty and AgriInvest Statement A.

The following options are applicable for the keyword LastReturn.

Yes

Funct-Currency

A federal decision to adopt functional currency reporting for tax purposes, allowing functional currency reporting for corporate income tax filings is expected to ease compliance and promote more representative financial reporting.

Use the keyword Funct-Currency to state the functional currency used, if other than Canadian.

The following options are applicable for the keyword Funct-Currency.

Elected functional currency code

AUD - for Australian dollar

USD - for U.S. dollar

GBP - for U.K. pound

EUR - for euro

BeginDate-Qc

Use the keyword BeginDate-Qc to enter the date that business activities began in Quebec for a corporation that is already active in one or several other provinces.

Alloc-Wages

This is the entry for salaries and wages paid to employees in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.

Enter this information only if this is a multi-jurisdiction corporation and its ACTIVITY is a regular corporation, grain elevator operator, bus and truck operator, ship operator or pipeline operator.

Alloc-Revs

This is the entry for gross revenues earned in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.

Enter this information only if this is a multi-jurisdiction corporation and its Activity is a regular corporation or a chartered bank.

Alloc-Prems

This is the entry for net insurance premiums for property or contracts in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.

Enter this information only if this is a multi-jurisdiction corporation and its Activity is an insurance corporation.

The following options are applicable for the keyword Alloc-Prems.

Information relating to the Quebec allocation of net insurance premiums

Net insurance premiums (if no juris. in Qc)

If the corporation has a jurisdiction in Quebec, do not use this option for all jurisdictions. This is due to the fact that detailed information arriving at net premiums is required for Quebec form CO-771.R.14.

Direct insurance premiums issued

Net reinsurance premiums

Dividends, discounts, rebates

< Select >

Alloc-Loans

This is the entry for loans & deposits in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.

Enter this information only if this is a multi-jurisdiction corporation and its Activity is a chartered bank.

Alloc-FixedA

This is the entry for the cost of fixed assets (non aircraft) in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.

Enter this information only if this is a multi-jurisdiction corporation and its Activity is an airline corporation.

Alloc-Km

This is the entry for the number of kilometers travelled in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.

Enter this information only if this is a multi-jurisdiction corporation and its Activity is an airline corporation, a railway corporation or a bus and truck operator.

Alloc-TonKms

This is the entry for gross ton km travelled in a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.

Enter this information only if this is a multi-jurisdiction corporation and its Activity is a railway corporation.

Alloc-Tons

This is the entry for tons received in or allocated to a particular jurisdiction, to be used as an allocation base for determining the portion of taxable income attributable to that jurisdiction.

Enter this information only if this is a multi-jurisdiction corporation and its Activity is a railway corporation, a ship operator or a grain elevator operator.

Alloc-DivBus

Use the keyword Alloc-DivBus to enter the amount taxable in Alberta for a divided business.

MeasureBasis

MeasureBasis lets you know which system of measurement is used by the corporation, metric or British. This keyword is for information purposes only. It is not used in any calculations.

The following options are applicable for the keyword MeasureBasis.

Metric

British

CorpOfficers

Use CorpOfficers to enter information requested on the tax returns about corporate officers.

Unless otherwise entered, DT Max will assume (as a default condition) that directors are also shareholders and that the Signing Officer is the president of the corporation. If the situation is otherwise, the data must be entered. Once shareholder data is entered, DT Max will assume nothing about the directors.

The following options are applicable for the keyword CorpOfficers.

Corporate officers about whom disclosure is required on the corporate tax returns.

Director

Disclosure of three directors is requested on the Quebec CO-17 return.

Officer

Signing officer

DT Max will print the officer name and address and signing date entered here on all return areas where signing officer information is requested.

Director and signing officer

Shareholder - individual

Shareholder - corporation or other

Disclosure of three major shareholders is requested on the federal T2 and Quebec CO-17 returns.

FirstName

This is the first name of the shareholder, director or signing officer as you want it printed on the tax return.

MiddleName

Use this keyword to enter the middle name of the director/officer. This information will appear on Ontario's MGS schedule A where required.

Name.Officer

This is the surname of the shareholder, director or signing officer as you want it printed on the tax return.

Type-Sh

Use the keyword Type-Sh to indicate if the shareholder who holds 10% or more of the corporation's common and/or preferred shares is a corporation, partnership, individual or trust.

The following options are applicable for the keyword Type-Sh.

Type of shareholder

Corporation

Partnership

Individual

Trust

Change-Dir.c

If a change of directors has occurred since the last return was filed, use the keyword Change-Dir.c to specify the change and the current composition of the corporation's board of directors.

The following options are applicable for the keyword Change-Dir.c.

Yes

Date-Elected

Use this keyword to enter the date that the director of the corporation was elected. This information will appear on Ontario's MGS schedule A and federal schedule 81.

Date-Ceased

Use this keyword to enter the date that the director of the corporation was ceased. This information will appear on Ontario's MGS schedule A and federal schedule 81.

NonResident

If NonResident is entered and "YES" is chosen, the information on non resident shareholders will be printed on schedule 19 (T2S(19)). Enter further details about non resident shareholders and their shares held by using the Name (shareholder name), NonResShares (# and class of shares held) & Shares% keywords. For non resident directors, the information will be shown on schedule 81.

The following options are applicable for the keyword NonResident.

Yes

Shareholder.

Use this keyword to specify whether the corporate officer is also a shareholder of the corporation.

The following options are applicable for the keyword Shareholder..

Yes

Change-Sh

Use the keyword Change-Sh to indicate whether there has been a change of shareholders in the corporation.

This information is requested on Alberta's annual return.

The following options are applicable for the keyword Change-Sh.

Yes

NonResShares

NonResShares is the class and percentage of shares held by the non resident shareholder and is required for schedule 19 (T2S(19)) details about non resident shareholdings.

Enter further details about non resident shareholders by using the Name (shareholder name) keyword.

VotingShares

VotingShares entered here will print where shareholder information is requested on the T2 return.

Common-Sh

Use the keyword Common-Sh to indicate the percentage (%) of common shares (10% or more) owned by the Canadian controlled private corporation.

Preferred-Sh

Use the keyword Preferred-Sh to indicate the percentage (%) of preferred shares owned by the Canadian controlled private corporation.

SIN

The social insurance number ( SIN) of the corporate officer entered will print where shareholder or director information is requested on the T2 return or Quebec CO-17 returns.

Tax-Acct-Sh

If a shareholder is a corporation, the corporate shareholder's income tax number (TAX-ACCT-SH) entered here will be printed where shareholder information is requested on the T2 return.

TrustNumber

If the shareholder is a trust, use the keyword TrustNumber to enter the trust number.

The format of the trust number is "TNN NNNN NN".

If the shareholder is a trust that does not have a trust number, you must enter "NA".

Tax-AcctQ

If a shareholder is a corporation, the corporate shareholder's identification number ( Tax-AcctQ) entered here will be printed where shareholder information is requested on page 2 of the CO-17 return.

NEQ-Sh

If a shareholder is a corporation, the corporate shareholder's Quebec enterprise number ( NEQ-Sh) entered here will be printed where shareholder information is requested.

AL-Corp-No

Use this keyword to enter the Alberta corporate account number (CAN) of the corporation which is a shareholder. This amount will appear on the AT1 annual return for Alberta where required.

Title

The corporate officer's title entered will print where director information is requested on the Quebec CO-17 return.

The following options are applicable for the keyword Title.

Titles of corporate officers.

President

The president will be assumed to be the signing officer of the corporation if no signing officer is entered.

Vice-president

Secretary

Treasurer

Secretary-treasurer

Other (specify)

Position

Use this keyword to specify the position of the director or signing officer for purposes of Ontario's MGS schedule A.

The following options are applicable for the keyword Position.

Titles of corporate officers.

President

The president will be assumed to be the signing officer of the corporation if no signing officer is entered.

Vice-president

Secretary

Treasurer

General manager

Chair

Vice-chair

Assistant secretary

Assistant treasurer

Chief manager

Executive director

Managing director

Chief executive officer

Chief financial officer

Chief information officer

Chief operating officer

Chief administrative officer

Comptroller

Authorized signing officer

Other

Types of information about remuneration and employee benefits paid during the taxation year.

Employee benefits paid (memo)

Enter the total amount of employee benefits paid during the taxation year here.

Retirement compensation arrangement

Total payments to, or received amounts from a retirement compensation arrangement in the year.