Release 2018.4.3

Module Content
Introduction Download the latest release of the ProFile, version 2018.4.3.

Highlights include:
 

About ProFile

To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca



Release 2018.4.0

 
Module Content
Introduction Download the latest release of the ProFile, version 2018.4.0.

T1/TP1 highlights include:
 
  • T1 Multiple Jurisdiction return
  • certified EFILE of T1 Multiple Jurisdiction return
  • EFILE for TP1 Amended return
T3/TP646 highlights include:
 
  • 2019 rate updates
FX/Q highlights include:
 
  • 2019 rate updates

About ProFile

To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T1/TP1 T1 Multiple Jurisdiction return

The following are updated with the most recent version of CRA’s forms:
 
  • T2203
  • TP22
  • TP25
  • all provincial Multiple Jurisdiction forms
New! TPF1C Explanations Regarding an Amended Income Tax Return

Starting with the 2018 taxation year, Revenu Québec allows preparers to transmit an amended TP1 return electronically.

As previously, preparers can use the “Prepare an automatic TP-1.R form” functionality to create and print Form TP-1.R - Request for an Adjustment to an Income Tax Return. Form TPF-1.C is not required if using this functionality.

Search for “adjustment” or “TPF1C” to find the TPF1C form.

An amended return using TPF1C is different from using TP-1.R: when using TPF1C the changes are made directly on the return. An explanation of the changes must be entered on TPF1C and the entire return is sent to Revenu Québec.

In comparison, only TP-1.R tells Revenu Québec the changes done on the return, without sending the entire return to the government.

An amended return can undergo electronic or paper filing. In both cases, TPF1C is necessary.

T1229 - Statement of Resource Expenses and Depletion Allowance

The new version of the form includes a new section in Part II to calculate the “Accelerated Investment Incentive” claimed on CDE and COGPE.

Enter the following amounts on the “Resource” worksheet, under Resource expense pools:
 
  • Accelerated CDE renounced under a FTS agreement entered into after November 20, 2018;
  • Other Accelerated CDE/COGPE; and
  • CDE/COGPE claimed in 2017
GST370 - Employee and partner GST/HST rebate application

The column in Part B pertaining to HST eligible expenses at 12% is obsolete and has been removed.
 
T3/TP646 Rate updates

The rates applicable to the 2019 taxation year are those known as of March 1st, 2019.

Any changes resulting from subsequent federal, provincial, and territorial announcements will be integrated into future updates.
 
FX/Q Rate updates

The rates applicable to the 2019 taxation year are those known as of March 1st, 2019.

Any changes resulting from subsequent federal, provincial, and territorial announcements will be integrated into future updates.
 
Coming Soon!
  • T1 and TP1 planner for 2019


Release 2018.3.5

Module Content
Introduction Download the latest release of the ProFile, version 2018.3.5.

Highlights include:
 
  • 2018 RQ import
  • updated AgriStability forms in T2
  • Budget 2018 change: refund ability of taxes on investment income

About ProFile

To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T1/TP1 T7DRA (T1remittance)

A QR code is added on the remittance voucher at the bottom of the form. It contains the information required to make a payment with cash or debit at a Canada Post retail outlet.
 
RQ Data Import for TP1

The RQ import system opened on March 4th, 2019:

  1. Select the “Import RQ data” option under the “File” drop-down menu in the top toolbar.
  2. Select specific data or “All” from the import screen to import to ProFile.

The following information is available via RQ data import :
 
  • Relevé 1
  • Relevé 2
  • Relevé 3
  • Relevé 5
  • Relevé 6
  • Relevé 7
  • Relevé 8
  • Relevé 10
  • Relevé 16
  • Relevé 19
  • Relevé 22
  • Relevé 24
  • Relevé 25
  • Relevé 26
  • Relevé 27
  • Relevé 29
  • Relevé 30
Review our full support article for RQ data import here.
 
T2/CO-17 Major Form Updates

T2 - Corporation Income Tax Return


Two new sections are added in T2 to calculate “dividend refund” and “refundable dividend tax on hand (RDTOH)” for tax years that begin after 2018, reflecting 2018 Federal Budget changes.

For tax years that begin after 2018 the two new balances (eligible RDTOH and the non-eligible RDTOH, respectively) will replace the existing RDTOH balance. Similarly, the dividend refund now consists of eligible dividend refund and non-eligible refund after 2018.

Schedule 3 - Dividends Received, Taxable Dividends Paid, and Part IV Tax Calculations

Part 1 to Part 3 of the Schedule 3 are updated to reflect the 2018 Federal Budget changes on RDTOH and dividend refund tax rules applicable to tax years that begin after 2018.

AGRI - AgriStability forms

AgriStability forms for Harmonized provinces, as well as for Ontario, Saskatchewan, and Alberta are updated to the 2018 versions.

AgriStability forms for Non-Harmonized provinces are updated to the 2018 versions for filing.

All codes are updated to the 2018 lists including those for commodities and inventories.
 
Coming Soon!
  • T1 MJ and MJ EFILE
  • TP1 amended return EFILE
  • T3 rate update for 2019


Release 2018.3.2

Module Content
Introduction Download the latest release of the ProFile, version 2018.3.2.

T2 highlights include:
 
  • Québec CO-17 - Corporation Income Tax Return updated for 2018 filing

About ProFile

To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T2/CO-17 New Schedules

Crédit d’impôt pour formation d’un travailleur à l’emploi d’une PME, CO-1029.8.36.FO (2018-11)


This is a new schedule for claiming a tax credit for training an employee employed by a small-to-medium-sized enterprise. Qualified corporations with eligible training expenditures for eligible employees that incurred after March 27, 2018 and before January 1, 2023 can claim a maximum tax credit rate of 30%. The tax credit rate is reduced when the total payroll expenses for the qualified corporation and the associated corporations are over $5 million. Tax credit is diminished when the total payroll expenses are over $7 million.

Entente concernant les plafonds régionaux relatifs à la déduction additionnelle pour les frais de transport d’une PME manufacturière, CO-156.EN (2015-05)

This is a schedule for the Agreement Concerning Regional Ceilings Respecting the Additional Deduction for Transportation Costs of Small and Medium-Sized Manufacturing Businesses.

Déduction additionnelle pour les  frais de transport d’une PME manufacturière, CO-156.TR (2017-09)

This is a schedule for corporation that wishes to claim the additional deduction for transportation costs of small and medium-sized businesses in the calculation of its net income in a given taxation year.

Schedules with Major Updates

Déclaration de revenus des sociétés, CO-17 (2018-12)


A new schedule addressing whether corporations receiving for services it rendered in Quebec or for disposition of taxable Quebec property which income tax was withheld is now included (Lines 28a and 28b).

A new question whether the corporation is exempt from income tax under Section 984, 985, 991, 996, or 998 of the Taxation Act is now included (Line 31).

Losses exceeding the income from activities of an IFC or a corporation established in the MITZM are now removed (Line 251) from the calculation of taxable income.

QC Registration fee is updated for the year 2019.

Crédit d’impôt pour stage en milieu de travail, CO-1029.8.33.6 (2018-09)

The tax credit for on-the-job training has expanded to include Aboriginal people. In addition, both the weekly qualified expenditure limit and the maximum hourly rate have been increased for all existing categories of eligible trainees for the purposes of this tax credit. Lastly, the rate of tax credit has been increased for qualified training periods in specific resource regions.

Crédit d’impôt relatif à la déclaration des pourboires, CO-1029.8.33.13 (2018-10)

Instructions and a new part are added for calendar year 2018. If the calendar year on line 07 is 2018, do not complete lines 21 and 22. In addition, a new Part 2.10 is added for "Employer contribution to the health services fund for the calendar year 2018".

For 2018 calendar year, the portion of the tips reported on line 15 is broken down as follows:
 
  • before March 28, 2018
  • after March 27, 2018 and before August 16, 2018
  • after August 15, 2018
Crédit d’impôt pour les productions cinématographiques québécoises, CO-1029.8.35 (2018-09)

Corporations that hold a non-arm's length certificate issued by the Société de développement des entreprises culturelles (SODEC) in respect of a supplier of eligible online video services will be eligible for the tax credit, but only when it comes to eligible films they produce for corporations other than the supplier of online video services with which they are not dealing at arm's length.

This change will apply to film or television productions for which an application for an advance ruling or an application for a qualification certificate if no application for an advance ruling was previously filed for the production is filed with the SODEC after March 27, 2018.

Crédit d’impôt pour le développement des affaires électroniques, CO-1029.8.36.DA (2018-09)

This schedule was amended to remove Box 5a (wages incurred before June 5, 2014) and Box 5b (wages incurred after June 4, 2014). Annual limit and tax rates for periods before June 5, 2014 are not used in this amended schedule.

Crédit d’impôt pour le doublage de films, CO-1029.8.36.DF (2018-09)

There is a removal of the limit on the amount that can be claimed under the refundable tax credit for film dubbing which corresponds to 45% of the consideration paid to corporations for the performance of the dubbing contract.

The change will apply to a qualified film dubbing expenditure of a corporation for a taxation year that begins after March 27, 2018.

Crédit d’impôt pour l’édition de livres, CO-1029.8.36.EL (2018-09)

Calculations related to periods before March 27, 2015 are now removed.

Crédit d’impôt pour investissement, CO-1029.8.36.IN (2017-09)

Various tax credit rates are updated for expenses incurred after August 15, 2018 and before January 1, 2023 in different regions and zones. Corporations or partnerships that incurred eligible expenses after August 15, 2018 and before January 1, 2020 in the metal processing sector is entitled to an additional increase in the basic rate when the proportion of its metal processing activities is greater than 50%.

Calcul de la taxe compensatoire des institutions financières, CO-1159.2 (2018-09)

The schedule for calculating compensation tax for financial institutions is re-designed by Revenue Quebec to calculate the compensation taxes at various tax rates for different periods applicable to different types of corporations.

Calcul de l’impôt sur le revenu d’une société, CO-771 (2018-12)

The schedule is updated to fully incorporate the new SBD rates and the additional reduction for primary sector or manufacturing sector activities applicable to various periods after March 27, 2018.

Crédit d’impôt relatif aux salaires – R-D, RD-1029.7 (2018-09)

The schedule is updated to remove obsolete sections relating the periods before June 4, 2014.

Crédit d’impôt pour la recherche précompétitive en partenariat privé, RD-1029.8.16.1 (2018-09)

The schedule is updated to remove the obsolete tax credit rates in Part 7 (before June 4, 2014 and before December 3, 2014). The qualified expenditures are subject to the rate of 14%.

Crédit d’impôt pour la recherche universitaire ou la recherche effectuée par un centre de recherche public ou par un consortium de recherche, RD 1029.8.6 (2018-09)

The schedule is updated to remove the obsolete tax credit rates in Part 7 (before June 4, 2014 and before December 3, 2014). The qualified expenditures are subject to the rate of 14%.

Crédit d’impôt relatif aux cotisations et aux droits versés à un consortium de recherche, RD-1029.8.9.03 (2018-09)

The obsolete sections relating to taxation years beginning before December 3, 2014 are removed.

Additional minor form updates
 
  • Crédit d’impôt pour la réalisation d’une activité de design à l’externe, CO-1029.8.36.5 (2018-09)
  • Crédit d’impôt pour la réalisation d’une activité de design à l’interne, CO-1029.8.36.7 (2018-09)
  • Crédit d’impôt pour la production de spectacles, CO-1029.8.36.SM (2018-09)
  • Crédit d’impôt pour des services de production cinématographique, CO-1029.8.36.SP (2018-09)
  • Crédit d’impôt pour des titres multimédias, CO-1029.8.36.TM (2018-09)
  • Plafond des affaires attribuées à une société ayant un revenu de société déterminé, CO-771.1.3.AT (2017-01)
Coming Soon!
  • AgriStability/AgriInvest (ASAI) update for T2
  • RDTOH update for T2
  • RQ import update for T1


Release 2018.3.0

Module Content
Introduction Download the latest release of the ProFile, version 2018.3.0.

T1/TP1 highlights include:
 
  • updated Auto-fill my Return (AFR) supporting tax years 2018, 2017,  2016, and 2015
  • 2018 version of  T1013 EFILE
  • T1 EFILE for tax years 2018, 2017, 2016, and 2015
  • T1 ReFILE for tax years 2018, 2017,  2016, and 2015
  • T1 Barcode and KFS
  • TP1 NETFILE for tax years 2018, 2017, and 2016
  • T1135 EFILE
  • T1PAD EFILE Pre-authorized debit (PAD)
  • Express Notice of Assessment (ENOA) for tax years 2018, 2017, and 2016
  • RC59/X EFILE new for tax year 2018 (review our full support article here for more information)

T3/TP-646 highlights include:
 
  • T3MJ paper filing

FX/Q highlights include:
 
  • Federal accelerated investment incentive allowance update
  • Québec accelerated investment incentive allowance update
  • new form certifications (T5013 and TP600)
  • form updates (T1135, T1235, T1236, T3010, T1 OVP, and TL11A)

Systems highlights include:
 
  • fixed ProFile 20 license issue
  • fixed ProFile 20 unused 2017 credits issue

About ProFile

To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T1/TP1 New Form

TP-1029.SA – Senior Assistance Tax credit


This tax credit is for individuals who resided in Québec and were at least 70 years of age on December 31, 2018, or on the date of their death in 2018. The credit can be split between both spouses when the family situation on December 31 is “with spouse” and both spouses are eligible for the credit.

The maximum tax credit is:
 
  • $400 for an eligible individual with a spouse on December 31 and whose spouse is also eligible for the tax credit;
  • $200 for an eligible individual with a spouse on December 31 if only the individual is eligible for the tax credit;
  • $200 for an individual without a spouse on December 31. The tax credit will be reducible by 5% of the family income that exceeds:
    • $36,600 for an individual with a spouse on December 31;
    • $22,500 $ for an individual without a spouse on December 31

Major update

T1206 – Tax on Split Income (TOSI)


Before 2018, the regulations relating to split income only applied to individuals under the age of 18. Commencing in 2018, these regulations extend to individuals aged 18 years or older and the income subject to the split is modified.

TOSI-adjusted net income (line 6 of Part 1) - define

Net income as adjusted for the split income is calculated in Part 1 of this form. The TOSI-adjusted net income is used to calculate the following amounts on various forms:

User-added image
 
In addition, TOSI-adjusted net income will be used in place of the net income for any individual claiming the following amounts :
 
  • Federal GST/HST credit and Canada child benefit
  • Child benefit for Alberta, New Brunswick, Newfoundland and Labrador, Nova Scotia, Northwest Territories, Nunavut, Ontario, and Yukon
  • Alberta climate leadership adjustment rebate
  • Alberta family employment tax credit
  • British Columbia early childhood tax benefit
  • British Columbia low-income climate action tax credit
  • New Brunswick harmonized sales tax credit
  • Newfoundland and Labrador income supplement
  • Nova Scotia affordable living tax credit
  • Ontario Trillium Benefit
  • Ontario senior homeowners' property tax grant
  • Prince Edward Island sales tax credit
  • Saskatchewan low-income tax credit
TOSI-adjusted taxable income (Part 2)

Certain federal, provincial, and territorial amounts claimable by you, or by another person in respect of you, are calculated using your taxable income. As an individual subject to TOSI the amount that you calculate at line 8A of this form must be added for the purpose of calculating these amounts:
 
  • if you are completing a federal Schedule 11, calculate line 8A and add it to the amount for line 4 of Schedule 11
  • with the exception of Ontario, if you are completing a provincial or territorial Schedule (S11), add the amount from line 31C of this form to Schedule (S11) at the line outlined in Column 10 of Chart C, for the applicable province or territory
  • if you have unused amounts that you are transferring to another person, they will use line 8A and line 31C
The following forms have been changed to add calculated TOSI-adjusted net income or TOSI-adjusted taxable income:
 
  • Schedule2 and Provincial S2
  • S11 and Provincial S11
  • Dependent form
Accelerated CCA calculations

In the 2018 Federal Fall Economic Statement, the federal Minister of Finance introduced the Accelerated Investment Incentive (AIIP). This measure allows Canadian businesses to write off a larger share of the cost of newly acquired depreciable assets (tangible and intangible) in the year the investment is made. Only assets acquired and available for use after November 20, 2018 may qualify as AIIP.

A new question “Addition qualifies as an Accelerated Investment Incentive Property (AIIP)” was added to the business statement Assets and CCA form (for example, T2125Assets). Once a user answers “yes” or “no” to the question and inputs an acquisition date, ProFile calculates the CCA for AIIP, for acquisitions after November 20, 2018, and Non-AIIP, for acquisitions on or prior to November 20, 2018.

Review our full support article here for more information.
T3/TP646 T3 MJ - T3 Provincial and Territorial Taxes for 2018 - Multiple Jurisdictions

T3MJ forms now use 2018 and effective tax rates in the calculation.

Accelerated CCA calculations

In the 2018 Federal Fall Economic Statement, the federal Minister of Finance introduced the Accelerated Investment Incentive (AIIP). This measure allows Canadian businesses to write off a larger share of the cost of newly acquired depreciable assets (tangible and intangible) in the year the investment is made. Only assets acquired and available for use after November 20, 2018 may qualify as AIIP.

A new question “Addition qualifies as an Accelerated Investment Incentive Property (AIIP)” was added to the business statement Assets and CCA form (for example, T2125Assets). Once a user answers “yes” or “no” to the question and inputs an acquisition date, ProFile calculates the CCA for AIIP, for acquisitions after November 20, 2018, and Non-AIIP, for acquisitions on or prior to November 20, 2018.

Review our full support article here for more information.
FX/Q New! Federal and Québec accelerated investment incentive allowances

The following forms now include the accelerated investment incentive allowance:
 
  • T5013S8
  • T5013SCH8Class
  • T5013SCHLease
  • TB600B
New form certifications
 
  • T5013 certification
  • TP600 certification
  • Updated forms
  • T1135
  • T1235
  • T1236
  • T3010
  • T1 OVP
  • TL11A
Systems ProFile 20 license issue fixed

Previously, customers could not activate two ProFile 20 licenses on the same computer.

This release allows customers to have two ProFile 20 licenses of different years activated on the same computer.

ProFile 20 unused 2017 credits issue fixed

Previously, customers could not use any unused 2017 ProFile 20 credits after a license expired.

This release allows customers to use the un-used credits of the previous and current years.
 
Coming Soon!
  • NetFile for TP1 Amended Return
  • RQ Data download
  • T3 2019 rate update
  • CO-17 certification
 

Release 2018.2.5

Module Content
Introduction Download the latest release of the ProFile, version 2018.2.5.

T1/TP1 highlights include:
 
  • RQ approval of TP1 paper filing
T2 highlights include:
 
  • updated capital cost allowance calculation reflecting Fall 2018 Federal budget
  • RQ approval of MR-69
T3/TP-646 highlights include:
 
  • electronic filing for Trust Income Tax and Information Returns (T3RET)
  • electronic filing of T3/NR4 slips
  • RQ approval of TP646 paper filing
  • RQ approval of RL16 paper and XML filing
FX/Q include:
 
  • form updates

About ProFile

To update ProFile, select the “Check for Updates” option from the “Online” drop-down menu in the top toolbar.

For a list of issues fixed in the current and recent releases, see “What was fixed in recent ProFile releases”.

For question, please call ProFile support at 1-800-452-9970 or visit www.profile.intuit.ca

T1/TP1 New Forms

TP-752.HA -  Home Buyers’ Tax Credit Home buyers’ tax credit


You may be entitled to this tax credit if you were resident in Québec on December 31, 2018 (or on the day in 2018 you ceased to be resident in Canada), and, in 2018, either:
 
  • you or your spouse bought a qualifying home for the first time and you intend to make it your principal residence; note that you are considered to have bought a home for the first time if neither you nor your spouse owned another housing unit in which you lived in 2018 or the previous four years, or
  • you bought a qualifying home and intend to make it the principal residence of someone related to you who has a disability. The residence must either:
    • be more accessible for the disabled person or set up to help the person be more mobile or functional, or
    • provide an environment better suited to the person’s personal needs and care.
The maximum tax credit is $750 for a qualifying home. You can split the amount between everyone who is eligible to claim the credit for the same qualifying home.

Other Major Updates

RL-3, 15, 16, and 25 slips

 
Following the March 27, 2018 Québec Budget, the tax credit rates for ordinary and eligible dividends have been modified.

Gross-up percentage

On January 1, 2018, the gross-up percentage for ordinary dividends went from 17% to 16%. See the instructions for line 128.

Rate of the dividend tax credit

On January 1, 2018, the rate of the dividend tax credit applicable to  the  actual amount of ordinary dividends went from 8.2485% (the rate for 2017) to:
 
  • 8.178% for the period from January 1 to March 27, 2018; and 
  • 7.2848% for the period from March 28 to December 31, 2018.

The rate of the tax credit applicable to the actual amount of eligible dividends went from 16.422% to 16.3668% for the period from March 28 to December 31, 2018.

Boxes have been added to each of these slips to allow you to indicate the amounts of ordinary and eligible dividends received before March 28, 2018, to correctly calculate the amount of the dividend tax credit on line 415 of the Québec TP1 return.

RL-26 slip – Capital régional et coopératif Desjardins

Box C and Box D are added for the capital stock of Capital régional et coopératif Desjardins exchange. This exchange will allow investors to benefit from a non-refundable tax credit corresponding to 10% of the value of the shares – up to a maximum of $15 000 – maximum non-refundable tax credit of $1 500 annually.

TP1  - Indexation of 2018 tax year

A number of other amounts have been increased, including the following:
 
  • the deduction for workers (line 201)
  • the basic personal amount (line 350)
  • the income thresholds at which certain tax credits are reduced
  • the amount for a person living alone (line 20 of Schedule B)
  • the age amount (line 22 of Schedule B)
  • the basic exemption for calculating the contribution to the health services fund (Schedule F)
TP1 Line 462 - Tax credit for volunteer respite services

The minimum number of hours of service you must provide to a caregiver has been reduced from 400 to 200.

TP1K- Premium Payable Under the Quebec prescription drug insurance

On July 1, 2018, the contribution rates for the Québec prescription drug insurance plan were decreased. Consequently, the maximum premium has been reduced from $667 to $616. The maximum premium for 2018 is therefore $641.50.

TP1OtherCredit/TP1 Line 391 – Tax Credit for Workers 63 or Older

The tax credit for workers 63 or older has been renamed Tax credit for experienced workers. The age of eligibility to the credit decreased from 63 to 61. The maximum tax credit is calculated based on the age of the taxpayer.

It is:
 
  • $450 if the taxpayer was 61 on December 31, 2018
  • $750 if the taxpayer was 62 on December 31, 2018
  • $1,050 if the taxpayer was 63 on December 31, 2018
  • $1,350 if the taxpayer was 64 on December 31, 2018
  • $1,650 if the taxpayer was 65 or older on December 31, 2018.
The maximum eligible employment income is also determined based on the age of the taxpayer. 

It is:
 
  • $3,000 if the taxpayer was 61 on December 31, 2018
  • $5,000 if the taxpayer was 62 on December 31, 2018
  • $7,000 if the taxpayer was 63 on December 31, 201
  • $9,000 if the taxpayer was 64 on December 31, 2018
  • $11,000 if the taxpayer was 65 or older on December 31, 2018.
In addition, the tax credit is reduced by 5% from the eligible employment income that exceeds $34,030, where applicable. However, this reduction is not applicable if the taxpayer was born before January 1, 1951, and the tax credit does not exceed $600.

TP1C – Tax credit for childcare expenses

The limits on certain expenses have been increased. The limit on childcare expenses for a child with a severe and prolonged impairment of mental or physical functions has been increased from $11,000 to $13,000, while the limit for a child born after December 31, 2011, has been increased from $9,000 to $9,500.

TP-1029.RV- RénoVert tax credit

The period of eligibility for the RénoVert tax credit has been extended to April 1, 2019. This applies to all recognized work, other than certain types of work related to water conservation and quality, which may entitle you to the new tax credit for the upgrading of residential wastewater treatment systems.

You may be entitled to this refundable tax credit if:
 
  • you were resident in Québec on December 31, 2018 (or on the day you ceased to reside in Canada in 2018)
  • you or your spouse had eco-friendly renovation work done on an eligible dwelling under a contract entered into with a qualified contractor after March 17, 2016, but before April 1, 2019 (generally speaking, an eligible dwelling is a dwelling you own in Québec that is your principal residence or, subject to certain conditions, a cottage); and
  • you are claiming the tax credit for qualified expenditures paid in 2018.
The tax credit can only be claimed for 2016 through 2019. It is equal to 20% of your qualified expenditures over $2,500. The maximum tax credit for 2016 through 2019 is $10,000 per eligible dwelling.

TP-1029.AE – Tax Credit for the Upgrading of Residential Waste Water Treatment Systems

Fields have been added in Part 4 of this form to indicate the amounts claimed in 2017 with respect to this credit.

TP-1029.RE – Tax Credit for the Restoration of a Secondary Residence

The post-disaster clean-up and preservation component has been removed from this form as it no longer applies. Only the repair component remains in effect and can be claimed in 2018. Fields were added in Part 6 of this form to indicate the amounts claimed in 2017 with respect to this credit.

TP1ChildAssist - Refundable Tax Credit for Child Assistance

Child assistance payments will now be named Family allowance. The Gouvernement du Québec made the announcement on 3 December 2018 while presenting it’s Update on Québec's Economic and Financial Situation.

As part of this update, the Québec Government announced an increase in the maximum amount of family benefits of $500 per year for the second and third children, with respect to the Child assistance payment component of the refundable tax credit for child assistance. Therefore, the maximum amount for purposes of calculating the child assistance payment will be increased from $1,235 to $1,735 for the second and third children of a family.

This increase will be applicable starting in January 2019 and retroactive payments will be made to families starting in April 2019.

TP726.7 Capital Gains Deduction on Qualified Property

The form is modified to reflect capital gain deduction limit change.

For gains arising from the disposition of qualified property in 2018, the cumulative deduction is $424,126. 
 
T2 Federal

Capital Cost Allowance

 
Schedule 8 has been updated to include the Accelerated Investment Incentive presented during the 2018 Federal Fall Economic Statement. This incentive will provide deduction up to three times the amount of tax depreciation that would otherwise apply.

Ontario

Schedule 500 – Ontario Corporation Tax Calculation


On November 15, 2018, Ontario's Minister of Finance presented the 2018 Ontario Economic Outlook and Fiscal Review. Ontario will not parallel the 2018 Federal budget measure that phases out the $500,000 small business deduction limit for CCPCs that earn between $50,000 and $150,000 of passive investment income in a taxation year, for taxation years beginning after 2018.

In Schedule 500, Ontario small business deduction calculation has been updated to reflect this change.

Alberta

AT1 – Alberta Corporate Income Tax Return


This form has been updated to include the new Interactive Digital Media Tax Credit. To be eligible for new this credit, claimants are required to complete an application with Alberta Economic Development and Trade (EDT).

Quebec

MR-69 – Authorization to Communication Information or Power of Attorney


The new RQ-certified version of MR-69 removed the revocation section and added new boxes for:
 
  • Box 37 - Source deductions of support payments
  • Box 38 - Mining tax return(s)
T3/TP646 T3Slip and NR4 slip XML Filing
 
  • T3 and NR4 slip XML filing release
T3RET XML filing

ProFile will assess the electronic filing (EFILE) restriction of a trust return and display whether it is eligible for XML filing on the T3EFILE worksheet. 

To EFILE the trust return, select the “Transmit T3 return…” option under the “EFILE” drop-down menu in the top toolbar.  T3RET and T3 slips XML filings require 2 separate transmission through ProFile. 

Internet file transfer is only available for 2018 and later years for forms T3 RET, T3 Trust Income Tax and Information Return, if a trust’s taxable income, total taxes payable, and refund or balance owing are 0.00.

The following is a list of criteria that would restrict a representative from using Internet file transfer to file a return:
 
  • the amount in fields 56, 84, or 94 is greater than 0.00
  • the return is for a tax year before 2018
  • the trust does not have a trust account number or cannot enter one in the electronic file
  • the trust is a specified investment flow-through (SIFT) trust (code 028)
  • for the related tax year, the trust is subject to deemed dispositions as detailed on Form T1055, Summary of Deemed Dispositions

The trust is reporting:  
 
  • gross-up amounts of dividends in field 49
  • reserves on Schedule T3SCH2, Reserves on Dispositions of Capital Property, or in field 1170 of Schedule T3SCH1, Dispositions of Capital Property
  • capital gains on gifts of certain capital property on Schedule T3SCH1A, Capital Gains on Gifts of Certain Capital Property
  • designations of taxable capital gains eligible for deduction on line 930 of T3SCH9 Income Allocations and Designations to Beneficiaries
  • the trust is subject to minimum tax and has a net adjusted taxable income for minimum tax (field 12270 of Schedule T3SCH12, Minimum Tax) that is greater than 0.00
  • the trust is filing Form RC199, Voluntary Disclosures Program (VDP) Taxpayer Agreement, or the taxpayer is making a request under the Voluntary Disclosures Program
  • the trust went bankrupt and is filing its pre- or post-bankruptcy return
  • the return is an amended tax return
TP646 Schedule B – Investment Income, Gross-Up of Dividends Not Designated and Adjustment of Investment Expenses (QSB)

Following the March 27, 2018 Québec Budget, the tax credit rates for ordinary and eligible dividends have been modified.

Gross-up percentage

On January 1, 2018, the gross-up percentage for ordinary dividends went from 17% to 16%. See the instructions for line 128. Rate of the dividend tax credit on January 1, 2018, the rate of the dividend tax credit applicable to the actual amount of ordinary dividends went from
8.2485% (the rate for 2017) to:
 
  • 8.178% for the period from January 1 to March 27, 2018; and 
  • 7.2848% for the period from March 28 to December 31, 2018.
The rate of the tax credit applicable to the actual amount of eligible dividends went from 16.422% to 16.3668% for the period from March 28 to December 31, 2018.

Lines for specifying eligible dividends before March 28 and after March 27th are added on Part 1 and Part 2.

RL16slip/Beneficiary/Allocation - ordinary and eligible dividends

Following the March 27, 2018 Québec Budget, the tax credit rates for ordinary and eligible dividends have been modified.

New code C11, C12, C21, and C22 are added.  You need to specify the amount allocated for the boxes in the allocation form.
FX/Q Form Updates
 
  • T101B
  • T101C
  • T101D
  • TP1097
  • T4PS
  • T737RCA
  • TP1015.3
  • TD1YT
  • TD1SK
  • TD1PE
  • TD1ON
  • TD1NU
  • TD1NT
  • TD1NS
  • TD1NL
  • TD1NB
  • TD1MB
  • TD1BC
  • TD1
  • LE-39.0.2
Coming Soon!
  • T1 Barcode and T1 condensed
  • 2018 T1 EFILE
  • 2018 T1013 EFILE and barcode
  • 2018 T1135 EFILE
  • 2018 TP1 NETFILE
  • 2018 AFR (auto-fill-my return) EFILE
  • T1PAD (pre-authorized debit) EFILE
  • RC59 EFILE for T1
INF30940