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RelatedParty

The RELATEDPARTY group is useful to enter all parties (corporations, partnerships, joint ventures or other persons) whom are involved with this corporation where information on the parties is relevant to the corporation's tax return. Where the name of the party is entered in another group, all information requested regarding that party which is contained in this group will print on the relevant forms or schedules. The party's name must be typed in the same way in both keywords in the RELATEDPARTY and other group.

The following options are applicable for the keyword RelatedParty.

Types of related parties with respect to whom information is required on federal and provincial returns and schedules.
  • Related corporation
    • For related corporations entered here, DT Max will print schedule 9 (T2S(9)) disclosing the corporations' names, addresses, account numbers, details of any intercompany shareholdings and the type of relationship with this corporation.
  • Associated corporation
    • For associated corporations entered here, DT Max will print schedule 23 (T2013) disclosing the corporations' names, account numbers, addresses (CO-771.1.3), allocated business limits and allocated expenditure limits.
  • Related & associated corporation
    • If a corporation is related to and associated with this corporation, DT Max will produce both the schedule 9 (T2S(9)) and schedule 23 (T2013) with respect to the corporation entered here.
  • Partnership - corp is partner
    • If the corporation is a member of a partnership, enter the information related to the partnership here. This information is relevant to schedule 4 (T2S(4)-non) (limited partnership losses), Quebec SR&ED and other credit schedules (SR&ED performed by a partnership to which the corporation belongs), provincial capital tax returns (corporation's share of partnership's taxable capital).
  • Joint venture - corp is venturer
    • If the corporation is a member of a joint venture, enter the information related to the joint venture here. This information is used for the B.C. and Ontario capital tax returns to determine the corporation's share of the joint venture's taxable capital.
  • Que SR&ED consortium - corp is member
    • If the corporation is a member of a Quebec SR&ED consortium, enter the information relevant to the consortium here. This information will print on the RD-1029.8.6 (SR&ED credit for research done by research consortium) and RD-1029.8.9.03 (Credit for fees or dues paid to a research consortium) forms.
  • Other SR&ED - related party
    • Information on other SR&ED - related parties is needed for the following forms: 

          -  Quebec R &D credit forms:
         RD-1029.8.6 (SR&ED credit for university research or research
                      done by public research centre);
         RD-1029.7 (SR&ED credit for salaries and wages);
         RD-1029.8.10 (SR&ED credit for pre-competitive research,
                       catalyst projects or environmental technology
                       innovation projects)

    
      -  Ontario Innovation Tax Credit form:
         Information on third parties from which contract amounts have
         been received or payments made to. Enter contract amounts
         received in CONTRACT-REC in the OITCCONTRACT group.
  • Related financial institution

    • Secondary keywordDTMax-ImportClient

    Use DTMax-ImportClient to indicate whether or not DT Max should automatically import information concerning a related party from the current DT Max client list.

    If yes, you will be prompted to enter the client number of the related party you wish to import.

    If you choose to re-import the related corporation, you must re-select the option "yes". This will update all keywords in the RelatedParty group unless they have been verified and checkmarked. A checkmarked keyword guarantees that the information will remain unchanged.

    The following options are applicable for the keyword DTMax-ImportClient.

  • Yes

  • No

    • Secondary keywordDTMax-ClientNum

    DT Max will automatically input the client number of the related party as well as the date and time it was last calculated in the keyword DTMax-ClientNum.

    Secondary keywordName.re

    The Name.re entered here will print on schedule 9 (T2S(9)) (related corporations), on schedules 23/49 (T2013) (associated corporations), and on the RD-1029.7-V (Quebec tax credit for salaries and wages).

    Secondary keywordAssociation

    Use the keyword Association to indicate the association code.

    The following options are applicable for the keyword Association.

    Choose association code.
  • 01 Associated for purposes of the business limit

  • 02 CCPC that is a third corporation - s.256(2)

  • 03 Non-CCPC that is a third corporation -s.256(2)

  • 04 Associated non-CCPC

  • 05 Associated CCPC - via third corp - s.256(2)

    • Secondary keywordLCT-Related

    Use the keyword LCT-Related to indicate whether the corporation entered in this RelatedParty group is also related for purposes of part I.3 and VI taxes.

    To produce schedule 36 (T2150) for a CCPC, the corporation must be associated and related. Choose "No" if either of the exemptions in federal ITA sections 181.5(6) or (7) applies to this corporation. DT Max will then ignore this corporation for purposes of schedule 36 (T2150).

    The following options are applicable for the keyword LCT-Related.

  • Yes

  • No

    • Secondary keywordCapital-Ded

    DT max will calculate the capital deduction of the client corporation based on the entry made under Capital-Ded.

    The maximum capital deduction to be allocated between the corporations is $10 million for taxation years ending in 2003 and $50 million for taxation years ending in 2004.

    The following options are applicable for the keyword Capital-Ded.

    Agreements among related corporations or institutions
  • Agreement among related corp. - part I.3 tax

  • Agreement - part VI tax (period before July 1, 2006)

  • Agreement - part VI tax (period after June 30, 2006)

  • Agreement among related life insurance corp.

    • Secondary keywordAmended-S36

    Use Amended-S36 to indicate that schedule 36 (T2150) being filed with the client corporation's T2 return is amended. DT Max will tick this box on schedule 36 (T2150) printed.

    The following options are applicable for the keyword Amended-S36.

  • Yes

  • No

    • Secondary keywordAmended-S23

    Use Amended-S23 to indicate that schedule 23/S49 being filed with the client corporation's T2 return is amended.

    The following options are applicable for the keyword Amended-S23.

  • No

  • Yes

    • Secondary keywordAmended-Form

    Use Amended-Form to indicate if the form being filed with the client corporation's T2 return is amended.

    This information is needed for federal schedules 28, 39, 343 and 362.

    The following options are applicable for the keyword Amended-Form.

  • No

  • Yes

    • Secondary keywordSch513-Filed

    Use Sch513-Filed to indicate that schedule 513 (Agreement among related life insurance corporations (Ontario)) has been filed with the corporation's return.

    The following options are applicable for the keyword Sch513-Filed.

  • Yes

    • Secondary keywordAgreement-Yr

    Use Agreement-Yr to indicate the calendar year to which this agreement applies.

    Secondary keywordStreet-Id

    The street of the party whose name is entered in RelatedParty will print on all schedules where this information is requested. Only the name of this party then needs to be entered in the relevant keyword group to which the party relates.

    Secondary keywordMore-Info-Id

    Use the keyword More-Info-Id to enter additional address information. This will be line two of the address.

    Secondary keywordCity-Id

    The city of the party whose name is entered in RelatedParty will print on all schedules where this information is requested. Only the name of this party then needs to be entered in the relevant keyword group to which the party relates.

    Secondary keywordProvince-Id

    The province of the party whose name is entered in RelatedParty will print on all schedules where this information is requested. Only the name of this party then needs to be entered in the relevant keyword group to which the party relates.

    The following options are applicable for the keyword Province-Id.

  • 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)

    • Secondary keywordState-Id

    The state of the party whose name is entered in RelatedParty will print on all schedules where this information is requested. Only the name of this party then needs to be entered in the relevant keyword group to which the party relates.

    Secondary keywordPostCode-Id

    The postal code of the party whose name is entered in RelatedParty will print on all schedules where this information is requested. Only the name of this party then needs to be entered in the relevant keyword group to which the party relates.

    Secondary keywordZIPCode-Id

    The zip code of the party whose name is entered in RelatedParty will print on all schedules where this information is requested. Only the name of this party then needs to be entered in the relevant keyword group to which the party relates.

    Secondary keywordFor-Post-Id

    The foreign postal code of the party whose name is entered in RelatedParty will print on all schedules where this information is requested. Only the name of this party then needs to be entered in the relevant keyword group to which the party relates.

    Secondary keywordCountry-Id

    The country of the party whose name is entered in RelatedParty will print on all schedules where this information is requested. Only the name of this party then needs to be entered in the relevant keyword group to which the party relates.

    Secondary keywordSIN-Id

    Use the keyword SIN-Id to enter the SIN of the entity for purposes of form CO-737.18.18-V (Exemption for small and medium-sized manufacturing businesses in remote resource regions).

    Secondary keywordQST-Id

    Use this keyword to enter the QST number of the person that payments were made to for purposes of the TP-1086 form.

    Secondary keywordTaxAcct-Fed

    The associated corporation's income tax account number or business number.

    Secondary keywordTaxAcct-Que

    The associated corporation's identification number will print on Quebec forms RD-1029.7.8 (expenditure limit allocation) and CO-771.1.3 (business limit allocation).

    Secondary keywordNEQ.pa

    This is the new Québec enterprise number (NEQ) of the corporation. This number will serve as a prefix to replace all other Québec tax numbers, all of which will appear as suffixes to this number.

    Secondary keywordTaxAcct-Alt

    The associated corporation's income tax account number will print on the Alberta AT1 schedule 1 (Alberta small business deduction), and the Alberta AT4 (Royalty tax credit) form.

    Secondary keywordTaxAcct-BC

    The associated corporation's capital tax account number will print on the schedule F (schedule of associated corporations) of the B.C. corporation capital tax return.

    Secondary keywordPIN-Id

    The partnership identification number entered in PIN-Id, if this group relates to a partnership will print on all schedules where this information is requested. Only the name of this partnership then needs to be entered in the relevant keyword group to which the partnership relates.

    Secondary keywordQC-PIN-Id

    The identification number entered in QC-PIN-Id, if this keyword group relates to a partnership, will appear on all schedules where this information is requested. In this case, only the name of the partnership will need to be entered in the relevant keyword group to which the partnership relates.

    Secondary keywordPartner-ITC

    Enter the portion of the partnership's ITC the corporation is claiming in the RelatedParty group.

    The following options are applicable for the keyword Partner-ITC.

    ITC codes related to non SR&ED property and SR&ED expenditures. The appropriate choice of ITC code will appear based on the CCA (SR&ED) class entered in the CCA-Class or SR&ED keywords.
  • Qualified property after 1994
    • For qualified property acquired after 1994, the rate at which the ITC is calculated is 10%.
  • 3B - not CCPC (area in Canada after 1995)
    • For qualified SR&ED expenditures incurred after 1994, Code 3B has been eliminated except if the expenditures were incurred by virtue of a written agreement entered into before Feb.22/94. These expenditures will still qualify for an ITC under Codes 4B or 11B (for CCPC's only) up to 1995. Effective after 1995, Code 3B includes any area in Canada.
  • 11B - CCPC
    • For SR&ED expenditures entered in Code 11B (for CCPC's only), DT Max will limit the amount of expenditures claimed on the corporation's expenditure limit and any excess will be allocated to Code 4B.

    Secondary keywordPartner-Pol

    Use the keyword Partner-Pol to enter the corporation's portion of the partnership's political contributions.

    The following options are applicable for the keyword Partner-Pol.

    Alberta qualifying political contributions made from a partnership
  • Contributions in 2003 or earlier

  • Contributions in 2004 or later

  • Select

    • Secondary keywordPartner-Res

    Use the keyword Partner-Res to enter the corporation's share of the partnership's resource expenses for the fiscal period.

    Secondary keywordPartner-Roy

    Use the keyword Partner-Roy to enter the corporation's share of the partnership's applicable crown payments/royalties.

    The following options are applicable for the keyword Partner-Roy.

    Types of partnership's Crown royalties/payments
  • Eligible Crown royalties

  • Other Crown royalties, non eligible

  • Other eligible Crown payments

    • Secondary keywordPart-GrossRev

    Use the keyword Part-GrossRev to enter the corporation's share of the partnership's gross revenue for purposes of Quebec schedule CO-1140.

    The following options are applicable for the keyword Part-GrossRev.

    Information about the salaries and gross revenue of the corporation or partnership
  • Gross IFC revenue of partnership attribut. to member
    • The portion of the gross IFC revenue of a partnership refers to a proportion, for the fiscal period of a partnership that coincides with the taxation year of a corporation or ends in that taxation year, of the gross revenue of that partnership from operations of an IFC.
  • Total gross revenue of partnership attribut. to member
    • The portion of the total revenue of a partnership refers to a proportion, for the fiscal period of a partnership that coincides with the taxation year of a corporation or ends in that taxation year, of the total gross revenue of that partnership.

    Secondary keywordPartner-Sal

    Use the keyword Partner-Sal to enter the corporation's share of the partnership's salaries for purposes of Quebec schedule CO-1140.

    The following options are applicable for the keyword Partner-Sal.

    Information about the salaries and gross revenue of the corporation or partnership
  • IFC salaries of partnership
    • The portion of the IFC salaries attributable to a partnership refers to a proportion, for the fiscal period of a partnership that coincides with the taxation year of a corporation or ends in that taxation year, of the total salaries of that partnership that are eligible for the employers' exemption from contribution to the Health Services Fund.
  • Total salaries of partnership attribut. to member
    • The portion of the total salaries of a partnership refers to a proportion, for the fiscal period of a partnership that coincides with the taxation year of a corporation or ends in that taxation year, of the total salaries of that partnership.

    Secondary keywordPortion-Inc

    Use the keyword Portion-Inc to enter the corporation's share of the partnership's income (loss) for the fiscal period.

    Secondary keywordMember-Int%

    Enter the corporation's percentage interest in a partnership or joint venture in Member-Int%. The interest entered will print on all schedules where information related to partnerships or joint ventures to which the corporation belongs is requested. Only the name of this partnership then needs to be entered in the relevant keyword group to which the partnership relates.

    Secondary keywordConsortium#

    The identification number ( #) of the research consortium entered here will print on the RD-1029.8.9.03 form when the name of this consortium, entered in the RelatedParty keyword, is entered in the SR&EDTAXCRQ group for the Quebec credit for fees or dues to a research consortium.

    Secondary keywordRelation-As

    The type of relationship which this corporation has with the related corporation entered in this group will print on schedule 9 (T2S(9)).

    The following options are applicable for the keyword Relation-As.

    Types of relationships that can exist for purposes of schedule 9 (T2S(9)) and form T106.
  • Associated

  • Related corporation (not associated)

  • Canadian parent corporation

  • Foreign parent corporation

  • Canadian subsidiary corporation

  • Foreign subsidiary corporation

    • Keyword in subgroupSharesHeld.a

    Details of any intercompany shareholdings between this corporation and the related corporation entered in this group will print on schedule 9 (T2S(9)).

    The following options are applicable for the keyword SharesHeld.a.

  • Common shares
    • Enter the proceeds from the issue of the common shares with full voting rights that are part of a qualified investment made by a qualified investor. This type of investment leads to a credit representing 24% of the proceeds.

    A common share with full voting rights is a common share as per the Income Tax Act, comprising a certain number of voting rights in the issuing corporation, in any circumstance and regardless of the number of shares held, which is not lower than the number of any other shares of the share capital of that corporation.

  • Preferred shares
    • Enter the proceeds from the issue of the preferred shares, convertible into common shares with full voting rights that are part of a qualified investment made by a qualified investor. This type of investment leads to a credit representing 12% of the proceeds.

    A preferred share is a preferred share as per the Income Tax Act, convertible into a common share comprising a certain number of voting rights in the issuing corporation.

    Secondary keyword in subgroupShares-#

    Details of any intercompany shareholdings between this corporation and the related corporation entered in this group will print on schedule 9 (T2S(9)).

    Secondary keyword in subgroupShares-P

    Details of any intercompany shareholdings between this corporation and the related corporation entered in this group will print on schedule 9 (T2S(9)).

    Secondary keyword in subgroupCapital-BV

    Details of any intercompany shareholdings between this corporation and the related corporation entered in this group will print on schedule 9 (T2S(9)).

    Secondary keywordYearBegin.pa

    Use the keyword YearBegin.pa to indicate the beginning date of the related party's fiscal period.

    For federal purposes, this information will be used to determine the related party's business limit for the year (before the allocation) on schedule 23.

    For B.C., this information is requested on schedule B of the B.C. capital tax return relating to the partnership or joint venture.

    For Alberta, this information is relevant if the corporation (or other associated corporation(s)) is claiming a royalty tax credit.

    This date is also needed to determine the maximum aggregate Alberta crown royalty shelter which can be allocated to the associated corporations. The maximum crown royalty shelter is $4 million before 1990, $2.5 million from 1990 to 1994 and $2 million after 1994.

    For taxation years straddling the date on which the maximum changed, DT Max will prorate the limit calculated to reflect the allowable limits within the periods of the associated corporations' taxation years. The total limit is also prorated over the number of days in the taxation year of the associated corporation with the longest taxation year (up to 365 days).

    Secondary keywordYearEnd.pa

    The associated/related corporation's previous year end will print on the approprite form.

    The year end of the partnership or Quebec SR&ED consortium entered in YearEnd will print on all schedules where this information is requested. Only the name of this partnership or consortium then needs to be entered in the relevant keyword group to which the partnership or consortium relates.

    For B.C. the YearEnd is requested information on schedule B of the B.C. capital tax return relating to the partnership or joint venture.

    Secondary keywordCCPC.re

    Use the keyword CCPC.re to indicate whether or not the associated corporation is a Canadian controlled private corporation (CCPC).

    The following options are applicable for the keyword CCPC.re.

  • Yes

  • No

    • Secondary keywordFirstYr.re

    Use FirstYr.re to indicate whether or not this is the first tax year of the asscociated corporation. If "Yes" is selected, enter the assets and paid-up capital at the beginning of the tax year.

    The following options are applicable for the keyword FirstYr.re.

  • No

  • Yes

    • Secondary keywordBeginPUC.re

    Use BeginPUC.re to enter the paid-up capital of the associated corporation at the beginning of the first tax year. This amount comes from Québec form CO-1136.CS-T line 399 without taking into account the $1 million deduction at line 347.

    The following options are applicable for the keyword BeginPUC.re.

    Paid-up capital information pertaining to the related party.
  • Beginning PUC (line 392 of CO-1136.CS)

  • Beginning PUC (line 399 of CO-1136.CS)

    • Secondary keywordBeginAssets.re

    Use BeginAssets.re to enter the assets of the associated corporation at the beginning of the first tax year.

    Secondary keywordPrevYrTaxInc  ALT-J 

    This is the associated corporation's taxable income in the immediately preceding calendar year for which its last tax return was filed. This amount will print on schedule 23/49 (T2013).

    Based on the PrevYrTaxInc entered, DT Max will determine whether this corporation is eligible for the 35% investment tax credit (ITC), 100% ITC refund on qualifying SR&ED expenditures and the 40% ITC refund on other expenditures. The amount entered here will appear on schedule 23/49 (T2013).

    Use the ALT-J option for Ontario jurisdictions to enter taxable incomes of associated corporations for purposes of determining the surtax on CCPC. Use [Alt-J] to enter different values for other jurisdictions.

    Secondary keywordPrev-TaxPUC  ALT-J 

    Use this keyword to enter the associated corporation's taxable paid-up capital in the previous fiscal period. Use [Alt-J] to enter different values for other jurisdictions.

    Secondary keywordPrev-Cdn-PUC

    Use the keyword Prev-Cdn-PUC to enter the associated corporation's paid-up capital calculated on a Canadian basis for the previous tax year.

    Secondary keywordQC-M&P-Ded.re

    Use the keyword QC-M&P-Ded.re to enter the amount of deduction for a manufacturing corporation (code 08) claimed on line 393 or line 394 of Quebec form CO-1136 in the preceding tax year.

    Secondary keywordTaxableInc.re

    Use TaxableInc.re to enter the taxable income of the associated corporation in the current tax year. This information is needed for purposes of determining the eligibility for quarterly instalments.

    For tax years beginning after 2007, a CCPC will be eligible to make quarterly instalment payments if, at the time the payment is due: 1) it has a perfect compliance history; 2) it has claimed a small business deduction for the current or previous tax year; 3) together with any associated corporations, for the current or previous tax year: - it has taxable income of $400,000 or less; and - it has taxable capital employed in Canada for the tax year of $10 million or less.

    Secondary keywordTaxableCap  ALT-J 

    Based on the taxable capital of the associated corporation (or related partner, for Ontario only) entered in TaxableCap, DT Max will determine whether the tax on capital exemption threshold (Ontario and Manitoba) or a flat amount of capital tax (Ontario) applies to this corporation.

    This keyword is also used to generate federal schedule 33, 34 or 35 if the total taxable capital employed in Canada of the filing corporation and its related corporations is over $10,000,000.

    Use [Alt-J] to enter different values for other jurisdictions.

    Secondary keywordElect-S11381

    Use the keyword Elect-S11381 to indicate that the corporation elected under section 1138.1 not to be an associated third party for purposes of the $5,000,000 deduction from paid-up capital.

    Once this election is made, the corporation's deduction from paid-up capital for the year will be nil.

    The following options are applicable for the keyword Elect-S11381.

  • Yes

    • Secondary keywordAlloc%-Farm

    Use the keyword Alloc%-Farm to enter the percentage of the farming/fishing deduction that has been allocated to be used in the calculation of paid-up capital of the associated corporation for the year.

    The amount to be deducted in calculating the paid-up capital of a farming corporation or a corporation that carries on a fishing business has been raised from $400,000 to $5 million. The change applies to a taxation year that ends after February 20, 2007. In the case of a taxation year that includes February 20, 2007, the increase in the exemption corresponds to the proportion of $4.6 million represented by the ratio between the number of days of the taxation year that follow February 20, 2007, and the number of days in the taxation year.

    Secondary keywordReducedBusLim

    Use the keyword ReducedBusLim to enter the reduced business limit of the associated corporation.

    Secondary keywordGrossRedBusLim  ALT-J 

    Use the keyword GrossRedBusLim to enter the grossed-up reduced business limit of the associated corporation for the year. Part I.3 tax payable in the immediately preceding taxation year if it exists, is needed to determine the reduced business limit for Canadian-controlled private corporations for the purposes of the federal small business deduction.

    Use [Alt-J] to enter different values for other jurisdictions.

    Secondary keywordBusinessLim  ALT-J 

    Based on the amount entered under BusinessLim, DT Max will calculate the corporation's business limit for purposes of the small business deduction on federal schedule 23 (T2013).

    The maximum limit to be allocated between the corporations is $225,000 for 2003, $250,000 for 2004, $300,000 for 2005 and 2006 and $400,000 for 2007 and 2008 and $500,000 for 2009 and later.

    Use [Alt-J] to enter different values for other jurisdictions.

    Secondary keywordQc-BusLim

    Based on the amount entered under Qc-BusLim, DT Max will calculate the corporation's business limit for purposes of the small business deduction on Quebec form CO-771.1.3.

    The maximum limit to be allocated between the corporations is $400,000 for taxation years ending after December 31, 2005.

    Secondary keywordType.re

    Use the keyword Type.re to indicate whether or not the associated corporation is a financial institution or an insurance corporation.

    This information is required for purposes of Quebec form CO-771.1.3 and federal schedule 517.

    The following options are applicable for the keyword Type.re.

  • No

  • Yes

    • Secondary keywordInsurCorp-PUC

    Use the keyword InsurCorp-PUC to enter the amount of paid-up capital from form CO-1140.A pertaining to the associated insurance corporation.

    Secondary keywordInvest-Allow.re  ALT-J 

    Use the keyword Invest-Allow.re to specify the type of asset in which the corporation has invested and for which it will be claiming an investment allowance.

    The following options are applicable for the keyword Invest-Allow.re.

    Types of assets qualifying for an investment allowance.
  • Capital stock

  • Long-term debts

  • Surplus
    • Amount of any surplus of the related institutions contributed by the corporation and not reflected in the carrying value of shares and long-term debts.
    Use [Alt-J] to enter different values for other jurisdictions.

    Secondary keywordTaxable-Cap.re

    Use the keyword Taxable-Cap.re to enter taxable capital employed in Canada for the year from federal schedule 34.

    Secondary keywordOnt-Alloc%

    Use the keyword Ont-Alloc% to enter the current year's Ontario allocation factor (OAF).

    Secondary keywordElection

    Use the keyword Election to identify the tax center of the associated corporation, if that corporation is the object of an election pursuant to subs. 256(2), whereby the third corporation chooses not to be an associated corporation for purposes of the sharing of the business limit.

    The election schedule 28 (T2144) and the CO-21.21 form require that information pertaining to corporations which would be associated if it were not for the election made by the third corporation not to be an associated corporation.

    Note that this election must be made for each of the relevant tax years, and that the third corporation is deemed not to be associated with the corporations in question. Its' business limit is deemed to be nil for that year.

    Secondary keywordPartI3Tax.pa

    PartI3Tax.pa is the total taxable capital employed in Canada minus $10,000,000 * .225% calculated on schedule 33, 34 or 35 in the immediately preceding taxation year. This amount, if it exists, is needed to determine the reduced business limit for Canadian-controlled private corporations for the purposes of the Federal small business deduction.

    Secondary keywordAssoc-ExpLim

    Use the keyword Assoc-ExpLim to indicate whether or not the corporation is associated for purposes of the expenditure limit.

    If there is no entry for this keyword, DT Max will assume that the corporation is associated for purposes of the expenditure limit.

    The following options are applicable for the keyword Assoc-ExpLim.

  • Yes

  • No

    • Secondary keywordExpendLim  ALT-J 

    Based on the ExpendLim entered, DT Max will calculate this corporation's expenditure limit for purposes of the SR&ED investment tax credit. Use [Alt-J] to enter different values for other jurisdictions.

    Secondary keywordAB-Expendlim

    Based on the AB-Expendlim entered, DT Max will calculate this corporation's expenditure limit for purposes of the SR&ED tax credit.

    Secondary keywordOBRITC-ExpLim

    Based on the OBRITC-ExpLim amount entered, DT Max will calculate the filing corporation's expenditure limit for purposes of the Ontario business-research institute tax credit. The amount to be allocated is a maximum of $20 million.

    Secondary keywordPUC-Prog-Ded

    Use the keyword PUC-Prog-Ded to enter the percentage of the progressive deduction that has been allocated to the associated corporation.

    For purposes of the progressive deduction, members of a group of associated corporations must, for their taxation year ending in the same calendar year, allocate among themselves a percentage of this deduction, the total of which may not exceed 100%. The allocation of the deduction is shown on Quebec form CO-1137.E titled "Agreement respecting the Progressive Deduction".

    Secondary keywordDiv-Allow

    Use the keyword Div-Allow to enter the amount of the dividend allowance allocated to the associated corporation.

    Secondary keywordPartVI1-Rel

    Use the keyword PartVI1-Rel to enter the amount of part VI.1 tax transferred from the related corporation.

    Secondary keywordActiveBusInc  ALT-J 

    Use ActiveBusInc if this corporation is claiming the manufacturing and processing profits deduction and qualifies as a small manufacturer. Based on the ActiveBusInc entered, DT Max will calculate this corporation's qualifying active business income limit on schedule 27 (T2S(27)). Use [Alt-J] to enter different values for other jurisdictions.

    Secondary keywordPrev-Yr-Begin

    Use the keyword Prev-Yr-Begin to enter the previous tax year begin date of the associated corporation for purposes of Quebec form CO-1137.E titled "Agreement respecting the Progressive Deduction".

    Secondary keywordPrev-Yr-End

    Use the keyword Prev-Yr-End to enter the previous tax year-end of the associated corporation for purposes of Quebec form CO-1137.E titled "Agreement respecting the Progressive Deduction".

    This keyword is also used for Ontario schedule 591 to enter the previous year-end of the associated corporation.

    Secondary keywordGross-Up-Tax  ALT-J 

    Use the keyword Gross-Up-Tax to enter the grossed-up taxable income of the associated corporation for the preceding year. Use [Alt-J] to enter different values for other jurisdictions.

    Secondary keywordTaxable-PS

    Use the keyword Taxable-PS to enter the amount of non excluded dividends paid in the preceding calendar year by the associated corporation on taxable preferred shares.

    Secondary keywordAdj-Tax-Inc

    Use the keyword Adj-Tax-Inc to enter the adjusted taxable income of the associated corporation (Canadian and foreign).

    If the associated corporation's tax year ends before January 1, 2009, the adjusted taxable income equals the taxable income or taxable income earned in Canada reported on line 10 (or line 20 if applicable) on the CT23. If the associated corporation's tax year ends after December 31, 2008, the adjusted taxable income equals the taxable income or taxable income earned in Canada plus its adjusted Crown royalties minus its notional resource allowance for the year. If the associated corporation's tax year is less than 51 weeks, multiply the adjusted taxable income by 365 and divide by the number of days in the associated corporation's tax year.

    Secondary keywordAssets.re

    Assets.re is used to determine if this corporation is subject to the Ontario Corporate Minimum Tax (CMT). If total assets of the associated group exceed $5 million, this corporation will be subject to CMT.

    Secondary keywordTot-Assets

    For Ontario, Tot-Assets is used to determine if this corporation is subject to the Ontario Corporate Minimum Tax (CMT). If total assets of the associated group exceeds $5 000 000, this corporation will be subject to CMT.

    For Quebec, this keyword is used to determine which rate is used to calculate the SR&ED salaries & wages and manpower training refundable tax credits. DT Max will determine this rate based on the information entered here and in the Tot-Assets keyword of all RelatedParty groups entered for associated corporations.

    Secondary keywordTot-Revenue

    Tot-Revenue is used to determine if this corporation is subject to the Ontario Corporate Minimum Tax (CMT). If total revenue of the associated group exceeds $10 million, this corporation will be subject to CMT.

    Secondary keywordGrossRev.pa

    Use the keyword GrossRev.pa to enter the corporation's share of partnership total revenues for the preceding year.

    Secondary keywordPartner-Share

    Use the keyword Partner-Share to enter the associated corporation's share of the partnership's total assets and total revenues from thr previous year.

    The following options are applicable for the keyword Partner-Share.

    Associated corporation's share of any partnership total assets and total revenues.
  • Share of partnership's total assets - previous year

  • Share of partnership's total revenues - previous year

    • Keyword in subgroupElig-RegionCr.re

    Use the keyword Elig-RegionCr.re to indicate that the corporation qualifies for the regional tax credit, more specifically the crédit d'impôt pour la création d'emplois dans une région désignée (CO-1029.8.36.RV) and elects to forego this credit in order to claim the Québec investment tax credit (CO-1029.8.36.IN).

    The following options are applicable for the keyword Elig-RegionCr.re.

    Eligibility for regional tax credit.
  • Elect to forego regional tax credit

    • Secondary keyword in subgroupSectorActivity.re

    Use the keyword SectorActivity.re to indicate the sector of activity of the businesses concerned.

    Keyword in subgroupJob-Creation.re

    Use the keyword Job-Creation.re to indicate whether or not the associated corporation is entitled to the tax credit for job creation in a designated region.

    The following options are applicable for the keyword Job-Creation.re.

    Type of job creation eligible for a tax credit
  • Eligible for tax credit in designated region

  • Not eligible for tax credit in designated region

    • Secondary keyword in subgroupPayroll-Increase

    Use the keyword Payroll-Increase to enter amounts relating to the payroll increase of the associated corporation.

    The following options are applicable for the keyword Payroll-Increase.

    Region relating to the job creation tax credit.
  • Design. region - all sectors

  • Design. region - all sectors in Gaspésie/maritime regions

  • All of Québec - all sectors

  • All of Québec - all sectors in Gaspésie/maritime regions

    • Secondary keyword in subgroupAllocPayroll.re

    Use the keyword AllocPayroll.re to enter the amount of the payroll increase allocated to the associated corporation.

    The following options are applicable for the keyword AllocPayroll.re.

    Allocation of the increase in payroll for purposes of Quebec form CO-1029.8.36.RX.
  • Payroll increase - all sectors

  • Payroll increase - Gaspésie/maritime regions

    • Secondary keyword in subgroupCalendYr-Info.re

    Use the keyword CalendYr-Info.re to enter amounts relating to the calendar year in question in order to calculate the eligible salaries or wages and eligible amount.

    The following options are applicable for the keyword CalendYr-Info.re.

    Information for calendar and reference period in order to calculate eligible salaries.
  • Salaries and wages - same activity as business

  • Premiums/bonuses/overtime pay - same activity as business

  • Salaries entitling corp to other cr.- same act. as bus.

  • Wage de-escalation - same act. as business

  • Gov./non-government assist. - same activity as business

  • Salaries and wages - same activity as Gaspé/maritime

  • Premiums/bonuses/overtime pay - same act. as Gaspé/mar.

  • Salary entitling corp to other cr.- same act. Gaspé/mar.

  • Gov./non-government assist.- same act. as Gaspé/maritime

    • Secondary keyword in subgroupReferYr-Info.re

    Use the keyword ReferYr-Info.re to enter amounts relating to the reference period in question in order to calculate the adjusted eligible salaries or wages and adjusted base amount.

    The following options are applicable for the keyword ReferYr-Info.re.

    Information for calendar and reference period in order to calculate eligible salaries.
  • Salaries and wages - same activity as business

  • Premiums/bonuses/overtime pay - same activity as business

  • Salaries entitling corp to other cr.- same act. as bus.

  • Gov./non-government assist. - same activity as business

  • Salaries and wages - same activity as Gaspé/maritime

  • Premiums/bonuses/overtime pay - same act. as Gaspé/mar.

  • Salary entitling corp to other cr.- same act. Gaspé/mar.

  • Gov./non-government assist.- same act. as Gaspé/maritime

    • Secondary keywordElect-Exempt

    Use the keyword Elect-Exempt to make an election to file schedule 591, under CTA subsection 69(2.1).

    Under subsection 69(2.1), associated group corporations (excluding financial institutions and corporations exempt from capital tax) may elect to file a schedule 591 for the $5,000,000 exemption from taxable paid-up capital for all taxation years that end in the current calendar year, based on each corporation's total assets and Ontario allocation factor from each corporation's last taxation year ending in the previous calendar year.

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

  • Yes

  • No

    • Secondary keywordOnt-Alloc.re

    Use the keyword Ont-Alloc.re to enter the previous year's Ontario allocation factor (OAF).

    Secondary keywordNet-Alloc

    Use the keyword Net-Alloc to enter the allocation of net deduction to claim for the associated corporation.

    This keyword allows the corporation to specify the amount to be claimed.

    Secondary keywordTot-Wages

    Tot-Wages is used to determine the Saskatchewan resource surcharge deduction for small resource corporations. The maximum $2,500,000 deduction is prorated for the amount of wages and salaries paid to Saskatchewan employees by this corporation of total wages and salaries paid by the corporation and all of its associated corporations. Enter each associated corporation's current year salaries and wages in a separate RelatedParty group relevant to that corporation. This corporation's current year salaries and wages in each jurisdiction should be entered in the Alloc-Wages keyword in the relevant Jurisdiction group.

    Secondary keywordCDN-Resident

    Use the keyword CDN-Resident to indicate whether the related party is a resident of Canada. This information will appear on the Quebec CO-17 return.

    The following options are applicable for the keyword CDN-Resident.

  • Yes

  • No

    • Secondary keywordQC-Resident

    Use the keyword QC-Resident to indicate whether the related party is a resident of Quebec. This information will appear on the Quebec CO-17 return.

    The following options are applicable for the keyword QC-Resident.

  • Yes

  • No

    • Secondary keywordOthProv-Resident

    Use the keyword OthProv-Resident to indicate whether the related party is a Canadian resident outside of Quebec. This information is needed on the Quebec form CO-771.1.3.

    The following options are applicable for the keyword OthProv-Resident.

  • No

  • Yes

    • Secondary keywordPerm-Estab

    Use the keyword Perm-Estab to indicate whether the related party has a permanent establishment in Canada.

    The following options are applicable for the keyword Perm-Estab.

  • Yes

  • No

    • Secondary keywordTax-Capital

    Use the keyword Tax-Capital to enter the amount from line 190 or 290, whichever applies, on Schedule 512, Ontario Special Additional Tax on Life Insurance Corporations (SAT).

    The following options are applicable for the keyword Tax-Capital.

    Capital and taxable capital employed in Canada for a resident/NR life insurance corporation.
  • Tax. capital employed in CA - resident life insurance

  • Tax. capital employed in CA - NR life insurance

    • Secondary keywordCapital-NL

    Use the keyword Capital-NL to enter the amount of capital of the related corporation for purposes of the Newfoundland and Labrador capital tax on financial institutions, schedules 305/306.

    Secondary keywordNetCap-NS

    Use the keyword NetCap-NS to enter the amount of taxable capital of the related corporation for the Nova Scotia tax on large corporations, schedule 342/343 (T1167).

    Secondary keywordCap-Alloc

    Use the keyword Cap-Alloc to enter the amount of the capital deduction for the year allocated to the related corporation.

    Secondary keywordCapAlloc-MB

    Use the keyword CapAlloc-MB to enter the amount of the capital deduction for the year allocated to the associated corporation.

    For a taxation year that begins before Jan 2, 2007, the capital deduction is $5,000,000. For a taxation year that begins after Jan 1, 2007, the capital deduction is $10,000,000.

    Secondary keywordCrownRoy

    CrownRoy is relevant if this corporation (or other associated corporation(s)) are claiming an Alberta royalty tax credit. If the associated corporation entered in this RelatedParty group has Alberta crown royalty in its taxation year and is associated for purposes of the royalty tax credit, choose "Yes" here. The maximum aggregate crown royalty shelter depends on the taxation years of all corporations in the associated group, as follows: 

    
              - If all taxation years commence after 1994:
                Aggregate crown royalty shelter = $2 000 000
                X
                # of days in longest taxation year/365

    
                - If the taxation year of 1 associated corporation straddles
                 Dec.31/94:
                Aggregate crown royalty shelter = $2 000 000
                X
                # of days in longest taxation year/365
                +
                $500 000
                X
                # of days in 1994 in taxation year/365
                (associated corp with most 1994 days)

    
                - If all taxation years end before 1995:
                Aggregate crown royalty shelter = $2 500 000
                X
                # of days in longest taxation year/365

    DT Max will calculate the number of days in each associated corporation's taxation year based on the YearEnd and YearBegin.pa dates entered by you in the RelatedParty groups relating to associated corporations.

    The following options are applicable for the keyword CrownRoy.

  • Yes

  • No

    • Secondary keywordShelter%-As

    Use Shelter%-As to indicate the percent of the maximum allowable aggregate crown royalty shelter to be allocated to this associated corporation. If you do not enter any percent here, DT Max will by default equally allocate the maximum amount between all corporations in the associated group. You can override the amount allocated by using the ShelterOV keyword in this group.

    Secondary keywordShelterOV-As

    Use ShelterOV to override the amount of the maximum allowable aggregate crown royalty shelter to be allocated to this associated corporation. If you do not enter any amount here, DT Max will by default equally allocate the maximum amount between all corporations in the associated group. You can also use Shelter% to enter the percent of the total to be allocated to this corporation.

    Secondary keywordName-Signing

    Use the keyword Name-Signing to enter the name of the authorized signing officer of the associated corporation for purposes of Ontario schedule 591.

    Secondary keywordSigning-Asso

    Use the keyword Signing-Asso to enter the signing date as well as the title of the signing officer for the associated corporation.

    This information will appear on schedule 23/49 (T2013) and corresponding provincial forms.

    The following options are applicable for the keyword Signing-Asso.

    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)

    • Secondary keywordInvest-RFI

    Use this keyword to enter the amount of the qualified investment in the related financial institution.

    Secondary keywordBus%-RFI

    Use this keyword to enter the percentage of business carried on in Québec by the related financial institution.

    Secondary keywordOther-RFI

    If the corporation invested in more than one related financial institution, use this keyword to enter the results of the calculation determining the qualified investment in a related financial institution.

    Secondary keywordMember-Partner

    Use the keyword Member-Partner to indicate whether or not the partnership, whereby the corporation is a member, is a member of a partnership.

    If "Yes" is selected, then enter Name-Partner.m with the relevant information pertaining to the eligible partnership.

    The following options are applicable for the keyword Member-Partner.

  • No

  • Yes

    • Keyword in subgroupName-Partner.m

    Use the keyword Name-Partner.m to enter the name of the eligible partnership, whereby the partnership is a member.

    Secondary keyword in subgroupNEQ.m

    This is the Québec enterprise number (NEQ) of the eligible partnership.

    Secondary keyword in subgroupQC-PIN.m

    The partnership identification number entered in QC-PIN.m will appear on Quebec form RD-1029.7.

    Secondary keyword in subgroupMember-Int%.m

    Enter the intermediary partnership's percentage interest in an eligible partnership in Member-Int%.m. The interest entered will print on Quebec form RD-1029.7. Only the name of the eligible partnership then needs to be entered in the relevant keyword group to which the eligible partnership relates.

    Secondary keyword in subgroupYearEnd.m

    The year end of the eligible partnership entered in YearEnd.m will print on Quebec form RD-1029.7. Only the name of this eligible partnership then needs to be entered in the relevant keyword group to which the eligible partnership relates.