Release Notes

Our Support Centres are Going Digital: Emails are Now Our First Priority

As part of our transformation to digital support centres, we are pleased to announce that email inquiries will now be given first priority. This digital shift will allow us to process your requests even faster, and better meet your needs.

From now on, use emails instead of telephone to contact Customer Service and the Support Centre by including your account number and the name of your product in the subject line as well as detailed information in your email (form/line/diagnostic number, print screens, etc.) to get accelerated service!

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Try our Knowledge Base!

Consult our Knowledge Base to quickly find the information you need!

Our Knowledge Base contains an array of articles answering technical and tax questions most frequently asked to Support Centre agents. All you need to do is enter a few key words and the articles display in order of relevance to provide you with valuable information that will accurately answer your questions.

To access the Knowledge Base, click the Menu button at the top left corner of the program, select Professional Centre and refer to the Quick answers section.

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Version Presentation

Cantax FormMaster is one of the most complete electronic libraries of income tax forms in Canada.

The Gold version includes over 375 tax forms and slips, while the Regular version contains more than 175.

To view the content of your version, access the Forms view of the program by selecting View/Form Manager. A list of the forms included in each version is also available in PDF format. You can consult this list on the Cantax FormMaster Professional Centre (accessible from the Menu button at the top left corner of the program), under the “Documentation” section, or on the Cantax Web site at https://wolterskluwer.ca/products/cantax#formmaster.

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Installation and Versions

Before installing the program, please read the Installation Procedures which are included with the software package and that are also available in the Installation Procedures Help topic.

Based on the activation key you have entered when installing the program, you will have access to the Gold or Regular version. To find out the type of version you have installed, select Help/About Cantax FormMaster. You will find the information in the Additional Information area of the dialog box.

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Carrying Forward Preparer Profile

Once you have carried forward your preparer profile from last year to the current year, it is important to verify that the options defined with respect to your clients always correspond to your situation for the current season.

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Forms and Slips Coverage

The slips, RL slips and summaries included in Cantax FormMaster 2022 normally apply to the 2022 taxation year. You can nonetheless use them if you need to file a slip for the 2023 taxation year before the 2023 versions of the slips are made available by government authorities.

Individual forms can be used until they are updated by the CRA or RQ. Note that the Cantax Direct e-Bulletin notifies you each time an updated or new form is made available in a program update.

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Opening Files and Carrying Files Forward

Files with the .T22 extension

Files with the .T22 extension that have been saved with Cantax FormMaster 2021 can be opened with Cantax FormMaster 2022 without having been carried forward first. When opening that file, a dialog box displays and asks you if you want to recalculate the file with the current version. By answering yes, you can simply continue working in the file. If you answer no, the data in the file will be locked. It can be unlocked later using the Properties dialog box (File/Properties command).

Files with an extension other than .T22

Files with a .T19, .T20 or .T21 extension that have been saved with a 2019, 2020 or 2021 version of Cantax FormMaster can also be opened with Cantax FormMaster 2022 without having been carried forward first. To open such a file, access the Open dialog box (File/Open command). Using the Look in: drop-down list, select the directory where the file has been saved. Then, enter “*.*” in the “File name:” box and press Enter to display the list of files. You can then select and open the file you want to access. When opening the file, a dialog box displays and asks you if you want to recalculate the file with the current version. By answering yes, you can simply continue working in the file. If you answer no, the data in the file will be locked. It can be unlocked later using the Properties dialog box (File/Properties command).

Carrying forward files

To carry files forward with Cantax FormMaster, select File/Carry Forward.

Cantax FormMaster 2022 allows you to carry forward files that were saved with the 2021 version of Taxprep Forms or Cantax FormMaster, which have the .T21 extension, as well as files saved with Taxprep Forms 2022 or Cantax FormMaster 2022 that have the .T22 and .T23 extension.

Cantax FormMaster 2022 also allows you to carry forward files that were saved with a 2019 or 2020 version of Taxprep Forms or Cantax FormMaster. To do so, access the Carry Forward dialog box (File/Carry Forward command). Using the Look in: drop-down list, select the directory where the file has been saved. Then, select “CCH Forms (*.T??)” in the “Files of type:” box to display the list of files. You can then select and carry forward a file.

Furthermore, Cantax FormMaster 2022 allows you to carry forward the files saved with the AvanTax eForms application that have a .T21N extension and the files saved with Intuit’s ProFile FX application that have a .21X extension.

Note: In a carried-forward file, the taxation year cannot end after December 31, 2023.

Attached notes

Note that the attached notes are carried forward, unless this option is disabled in the data carry forward options.

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Electronic Filing

Cantax FormMaster enables you to electronically transmit data from the T3 return, the T5013 return and the following slips:

Slip

Version

Regular

Gold

NR4

X

X

T3

X

X

T4

X

X

T4A

X

X

T4A-NR

X

X

T4RIF

X

X

T4RSP

X

X

T5

X

X

T2202

X

X

T5008

X

X

T5013

X

X

T5018

X

X

RRSP

  

X

RL-1 T4

X

X

RL-1 T4A

X

X

RL-1 T4ANR

X

X

RL-2 RIF

X

X

RL-2 RSP

X

X

RL-2 T4A

X

X

RL-3

X

X

RL-8

X

X

RL-11

X

X

RL-15

X

X

RL-18

X

X

RL-25

X

X

RL-31

X

X

Specialized Returns

The returns listed below can also be filed electronically.

Return

Version

Regular

Gold

T3D

  

X

T3GR

X

X

T3M

  

X

T3P

X

X

T3RI

 

X

T3S

  

X

T1061

  

X

T2000

  

X

T3RCA

  

X

Government requirements

At the federal level and in Québec, any filer filing more than 50 information slips of a same type must file the data electronically by Internet. Below that threshold, paper filing is accepted.

Budget 2021 announced that the threshold for mandatory electronic filing of income tax information returns for a calendar year would be lowered from 50 to 5 information returns.

The legislation for this measure was not finalized at the time of publication. For the latest information about the penalty for not filing information returns over the Internet, go to Penalty for failure to file information returns over the Internet.

Taxation years covered

Revenu Québec only accepts electronic transmissions of the RL slips for the 2022 and 2023 taxation years. The CRA does not impose restrictions about the taxation year that can be processed.

Important dates for Internet transmission

Cantax FormMaster 2022 complies with the latest Internet transmission requirements issued by government agencies. Files generated with Cantax FormMaster 2022 can therefore be electronically transmitted:

  • To the CRA, starting on January 9, 2023;
  • To Revenu Québec, without any delay (as Revenu Québec’s Internet transmission service has been updated in November 2022).

The CRA has been offering electronic transmission of the T3 Trust Income Tax and Information Return, as well as the T3M and T3S returns using EFILE since March 2, 2022. The CRA will accept T3 EFILE Trust returns for the tax years 2022 and 2023 as of February 20, 2023, and the system will close next year on January 26, 2024.

Creation of the .XML file to transmit

Please note that it is not possible to include multiple files when creating the .XML file that is transmitted to tax authorities. Each .XML file created with Cantax FormMaster can include only one file (one T slip or RL slip issuer).

CRA’s Web Access Code

If you already have a Web access code, you can use it to file your information returns for 2022 and subsequent years.

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Version 4.0 Content

Updates and Additions

To review the updates and additions contained in version 4.0 of Cantax FormMaster 2022, consult the Updates and Additions table.

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Version 4.0 – Comments and Details

T1441, Qualifying Disbursements: Grants to Non-Qualified Donees (Grantees) (Jump Code: T1441)

The new Form T1441 must be completed by registered charities that have made qualifying disbursements by way of grants totalling more than $5,000 to non-qualified donees (grantees) that meet accountability requirements of the Income Tax Act. The addition of the form is also related to the new C16 question of Form T3010.

DISBQUOTA, Worksheet – Disbursement Quota (Jump Code: DISBQUOTA)

The Disbursement Quota Worksheet for registered charity has been updated due to a change in the Income Tax Act that was announced in the 2022 federal budget. The question Is the registered charity a charitable organization? has been added at the top of the form. In addition, a bracket in sections Calculating the disbursement quota requirement for the fiscal period covered by the return and Estimating the disbursement quota requirement for the next fiscal period has been added to reflect the new 5% rate on investment assets exceeding $1,000,000 for a charity’s fiscal period beginning on or after January 1, 2023. Please note that if a charity's fiscal year began before January 1, 2023, the 3.5% rate will be applied to investment assets exceeding $1,000,000. The presentation of the prorated number of days in the fiscal year has also been changed in these same sections. Finally, the tax year of the next fiscal period has been added in section Estimating the disbursement quota requirement for the next fiscal period.

If you have completed this form using a previous version of the program, it is recommended that you review the form.

GST191, GST/HST New Housing Rebate Application for Owner-Built Houses (Jump Code: GST191); and

GST524, GST/HST New Residential Rental Property Rebate Application (Jump Code: GST524)

The list of banking institution numbers has been updated and several changes have been made. If a withdrawn code has been entered in Part F of Form GST191 or in Part G of Form GST524, it will be deleted. In all circumstances, it is advisable to validate the banking information before filing one of these forms.

GST322, Certificate of Government Funding (Jump Code: GST322)

As a result of an update, the Contact person section has been removed. The Destination of funds section has been modified so that recurring payments can be entered.

GST495, Rebate Application for Provincial Part of Harmonized Sales Tax (HST) (Jump Code: GST495)

Several changes were made to this form. Firstly, the subsection Physical address (if different from mailing address) has been added to Part A, Identification of the claimant. Secondly, the details of each visit to a participating province must now be entered in the new Part C, Details of visits and receipts. Therefore, only the arrival date of the first visit, the departure date of the last visit and the last date of removal from a participating province should be entered in Part B, Arrival, departure, and removal dates. If you have completed the form with a previous version of the program, the relevant information will be automatically carried over into Parts B and C. However, it is recommended that you validate the content of the form before filing it.

RL-1 T4 Slip, Employment and Other Income (Jump Code: RL1 T4);

RL-1 T4A Slip, Employment and Other Income (Jump Code: RL1 T4A); and

RL-1 T4A-NR Slip, Employment and Other Income (Jump Code: RL1 T4ANR)

Diagnostics have been added to block the electronic transmission of these slips if the identification number for source withholdings (RS) is missing. Indeed, this information is mandatory according to the tax specifications of the RL-1 slip.

T101B, Adjustment to Canadian Exploration Expenditures (CEEs) and Canadian Development Expenditures (CDEs) previously renounced (Jump Code: T101B)

Columns Federal – CEE Critical mineral exploration tax credit and Provincial – CEE Critical mineral exploration tax credit have been added to the table in Step 5 of Part 2, Adjustments to amounts previously renounced. If you check the box Complete T101 slips based on information in Form T101B, boxes 122, 151, 153 and 154 of the slip will be calculated with the information in these new columns from now on.

T776, Statement of Real Estate Rentals (Jump Code: T776);

T2042, Statement of Farming Activities (Jump Code: T2042);

T2125, Statement of Business or Professional Activities (Jump Code: T2125); and

T2121, Statement of Fishing Activities (Jump Code: T2121)

Area A – Calculation of capital cost allowance (CCA) claim has been updated in the Statement of Business forms. While columns and their relevant instructions have been added to the CCA charts and can be printed, they do not contain any new calculations, as they are used exclusively for immediate expensing. Immediate expensing is not supported in the current version of these forms, nor will it be in future versions. Furthermore, Area G – Agreement between associated eligible persons or partnerships (EPOPs) has been added to print only; as a result, it cannot be filled in the program.

T2057, Election on Disposition of Property by a Taxpayer to a Taxable Canadian Corporation (Jump Code: T2057)

Significant changes have been made to this form. The main changes are as follows:

  • Numbering has been added to boxes and sections.

  • In Part 1, Identification, a table has been added so that the name and social insurance number of all co-owners can be indicated.

  • In Part 3, Information required, a table has been added so that more than one corporation can be listed when shares of the capital stock of a private corporation are included in the property disposed of.

  • In the table in Part 4, Description of shares received, the column 251 has been added to indicate whether these shares received are common shares. In addition, the column Class of shares has been renamed Class of shares other than Common. The information about common shares can therefore be removed from this column.

  • The section Information on the property disposed of and consideration received has been moved to the end of the form in Schedule A. In the tables in this schedule, two columns have been added to separate fair market value (FMV) of the consideration received for share, from consideration received for property other than shares.

  • In Schedule A, the table Capital property excluding depreciable property has been renamed Capital property (other than shares and depreciable property) and the table Capital property (shares only) has been added. The information will all be kept in the first table. If applicable, shares will have to be manually moved to the second table.

  • In Schedule A, the table Eligible capital property has also been deleted.

If you have completed the form with a previous version of the program, it is expected that most of the information will be transferred automatically. However, it is strongly suggested to review the entire form before filing it.

T2058, Election on Disposition of Property by a Partnership to a Taxable Canadian Corporation (Jump Code: T2058)

Significant changes have been made to this form. The main changes are as follows:

  • Numbering has been added to boxes and sections.

  • In Part 3, Information required, a table has been added so that more than one corporation can be listed when shares of the capital stock of a private corporation are included in the property disposed of.

  • In the table in Part 4, Description of shares received, the column 251 has been added to indicate whether these shares received are common shares. In addition, the column Class of shares has been renamed Class of shares other than Common. The information about common shares can therefore be removed from this column.

  • In Part 5, Election and certification, a table has been added so that information about all partners in the partnership can be indicated. The question 300 has also been added to validate whether an authorizing agreement is in place. If not, all partners will be required to sign the form in column 345 of this table.

  • The section Information on the property disposed of and consideration received has been moved to the end of the form in Schedule A. In the tables in this schedule, two columns have been added to separate fair market value (FMV) of the consideration received for share, from consideration received for property other than shares.

  • In Schedule A, the table Capital property excluding depreciable property has been renamed Capital property (other than shares and depreciable property) and the table Capital property (shares only) has been added. The information will all be kept in the first table. If applicable, the shares will have to be manually moved to the second table.

If you have completed the form with a previous version of the program, it is expected that most of the information will be transferred automatically. However, it is strongly suggested to review the entire form before filing it.

T2059, Election on Disposition of Property by a Taxpayer to a Canadian Partnership (Jump Code: T2059)

Important changes have been made to this form. Here are the main changes:

  • Numbering has been added to boxes and sections.

  • In Part 3, Information required, a chart has been added so that more than one corporation can be listed when shares of the capital stock of a private corporation are included in the property disposed of.

  • In Part 4, Election and certification, charts have been added so that information about all partners of the transferor partnership, if applicable, and of the transferee partnership can be indicated. A question has also been added in each section to validate whether an authorizing agreement is in place. If not, all partners will have to sign the form.

  • The section Information on the property disposed of and consideration received is now in Schedule A. In the charts of this schedule, columns have been added to separate consideration received as partnership interest, from consideration received as non-partnership interest.

  • In Schedule A, the chart Capital property excluding depreciable property has been renamed Capital property (other than shares and depreciable property) and the chart Capital property – shares only has been added. The information will be kept in the first chart. If applicable, shares will have to be manually moved to the second chart.

  • In Schedule A, the chart Inventory has been renamed Inventory excluding real property and the chart Inventory – real property has been added. The information will be kept in the first chart. If applicable, real property will have to be manually moved to the second chart.

If you prepared the form with a previous version of the program, it is expected that most of the information will be transferred automatically, despite changes to the layout. However, it is highly recommended to review the entire form before filing it.

T3010, Registered Charity Information Return (Jump Code: T3010)

In section C, Programs and general information, Part C16 has been added to the return. There are four new questions regarding qualifying disbursements by way of grants to non-qualified donees (grantees). In addition, line 5045 in Section D, Financial Information, and line 5045 in Schedule 6, Detailed Financial Information, have been added.

Also, since grants to non-qualified donees totalling more than $5,000 require the filing of Form T1441, Qualifying Disbursements: Grants to Non-Qualified Donees (Grantees) (Jump Code: T1441), this form has been added to the Checklist section of the T3010 return.

Finally, please note that the term “gifts to qualified donees” has been replaced by “qualifying disbursements”.

UHT-2900, Underused Housing Tax Return and Election Form (Jump Code: UHT2900); and

List of UHT-2900 Returns (Jump Code: UHT2900LIST)

Part 1, Information about the owner, has been modified to allow overrides and direct data entry. As well, since fields 002 to 105 of Part 1 are common to all UHT-2900 returns that are prepared in the same file, they are now displayed only on the first slip.

Form List of UHT-2900 Returns has been added to track all UHT-2900 returns that have been prepared.

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Version 3.0 Content

Updates and Additions

To review the updates and additions contained in version 3.0 of Cantax FormMaster 2022, consult the Updates and Additions table.

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Version 3.0 – Comments and Details

T3RET, Trust Income Tax and Information Return (Jump Code: T3RET)

Trust codes 308 to 310, 312 and 902 have been temporarily removed as per the 2022 update of the T4013 Trust Guide. As a result, we have added “do not use” to the end of these codes.

T100A, Flow-through Share Information – Application for a Selling Instrument T100 Identification Number (SITIN) (Jump Code: T100A)

As a result of the update of this form, new critical mineral options have been added to Section C of Part 2, Exploration and Development Sector Information. In addition, item 7 has been added to the checklist to validate that Form T100A-CERT, Certificate of Qualified Professional Engineer or Professional Geoscientist, is attached to the application, if applicable.

T101A, Claim for Renouncing Canadian Exploration Expenditures (CEEs) and Canadian Development Expenditures (Jump Code: T101A)

Several changes have been made to this form following its update. First, new critical mineral options have been added to Section C of Part 2, Exploration and Development Sector Information. Second, the columns Federal – CEE Critical mineral exploration tax credit and Provincial – CEE Critical mineral exploration tax credit have been added to the table in Step 4 of Part 3, Renunciation of eligible resource expenditures. If you select the option Complete T101 slips based on information in Form T101A, boxes 122, 151, 153 and 154 of the slip will be calculated with the information in these new columns from now on.

UHT-2900, Underused Housing Tax Return and Election Form (Jump Code: UHT2900)

In its budget of April 7, 2022, the Canada Revenue Agency announced the introduction of a tax for underused housing. This 1% tax took effect on January 1, 2022. The tax applies to non-resident and non-Canadian owners of residential real estate in Canada, and to certain Canadian owners in some situations. As a result, the CRA issued the new UHT-2900 form to pay this tax or to claim an exemption from it. This return must be filed for a calendar year by April 30 of the following calendar year. It should be noted that a significant penalty for failing to file the return on time may apply. Affected owners who are individuals are in fact subject to a minimum penalty of $5,000 and those that are corporations are subject to a minimum penalty of $10,000, even if the tax payment is sent in the timeframe expected.

You can refer to FAQ FTF2022-002 for more information on how to file this return.

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Version 2.0 Content

Updates and Additions

To review the updates and additions contained in version 2.0 of Cantax FormMaster 2022, consult the Updates and Additions table.

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Version 2.0 – Comments and Details

NAICS codes

The CRA has released an update to the NAICS. The codes have been converted in the program when applicable. Please verify that the NAICS codes on the various forms and returns are still accurate.

T3 APP, Application for Trust Account Number (Jump Code: T3APP)

Step 5, Representative contact information, has been removed from the form. Therefore, if you want to authorize a representative, please complete Form AUT-01, Authorize a Representative for Offline Access (Jump Code: AUT01).

T3BC, British Columbia Tax (Jump Code: T3BC)

The line British Columbia T3M tax credit has been added to this form.

T3NB, New Brunswick Tax (Jump Code: T3NB)

On November 1, 2022, the Government of New Brunswick announced the removal of one tax bracket for the 2023 and subsequent taxation years. Therefore, the tax brackets for graduated rate estates (GRE) and qualifying disability trusts (QDT) will be the following:

Tax brackets

Rates

$47,715 or less

9.4%

More than $47,715, but not more than $95,431

14%

More than $95,431, but not more than $176,756

16%

More than $176,756

19.5%

T3SK, Saskatchewan Tax (Jump Code: T3SK)

The line Saskatchewan T3M tax credit has been added to this form.

T101 Slip, Statement of Resource Expenses (Jump Code: T101SUPP)

On December 15, 2022, Bill C-32 received Royal Assent. This bill includes a new 30% critical mineral exploration tax credit for specified mineral exploration expenses (CMETC) incurred in Canada that are renounced to flow-through share investors. As a result, boxes 122, Expenses qualifying for an ITC – CMETC, and 123, Portion subject to an interest-free period – CMETC, have been added to the T101 slip for federal tax credit purposes. In the section Expenses qualifying for a provincial tax credit, boxes 151, British Columbia, 153, Saskatchewan, and 154, Manitoba, have been added to the new CMETC column, while box 143, Saskatchewan, has been added to the METC column.

Note that boxes 122, 151, 153 and 154 cannot be calculated at this time. Forms T101A, Claim for Renouncing Canadian Exploration Expenditures (CEEs) and Canadian Development Expenditures (CDEs), and T101B, Adjustment to Canadian Exploration Expenditures (CEEs) and Canadian Development Expenditures (CDE) previously renounced, are expected to be updated and will include the missing calculations.

T1004, Applying for the Certification of a Provisional PSPA (Jump Code: T1004)

This form can now be used to cancel a previously approved amount. In this circumstance, you must check the appropriate box at the top of the form. In version 1.0 of Cantax FormMaster 2022, this box was automatically checked if an amount was entered in Part 3. In version 2.0 of Cantax FormMaster 2022, this calculation was removed. If the form was prepared in the previous version of the program, please review your selection.

T1159, Income Tax Return for Electing under Section 216 (Jump Code: T1159)

Line 21, Air quality improvement tax credit, has been added to this form.

T2054, Election for a Capital Dividend Under Subsection 83(2) (Jump Code: T2054)

Several changes have been added to Form T2054. You must now use this version of the form when electing for a capital dividend under subsection 83(2) of the Income Tax Act. First, the instructions at the beginning of the form have been modified. As such, Schedule 89 must be attached to Form T2054 when either of the following situations apply:

  • You have never filed Form T2054 or Schedule 89 before.

  • You disagree with either the amount shown in your CDA balance that is indicated on the My Business Account website or with your recently received CDA balance from the Canada Revenue Agency.

Also, in Part 1, Identification, the name of the firm is now asked while the mailing address of the contact person has been removed. In addition, the question Has there been an acquisition of control since the date of the last election? has been added in Part 2, Required information. Also, the question regarding a capital dividend received from another corporation or distributed by a trust has been moved from Part 3, Capital dividends received from other corporations, to Part 2. The following parts have been added:

  • Part 4 – Capital dividends distributed to the corporation from a trust

  • Part 5 – Capital gain or loss during the current tax year

  • Part 6 – Shareholder information

  • Part 7 – Additional information – Life insurance

Furthermore, the line's numbers have been added to the form to reflect the official CRA form. If you have completed this form using a previous version of the program, it is recommended that you review the entire form before filing.

T5013 Schedule 52, Summary Information for Partnerships that Allocated Renounced Resource Expenses to their Members (Jump Code: T5013S52)

Following the new 30% critical mineral exploration tax credit for specified mineral exploration expenses incurred in Canada that are renounced to flow-through share investors, changes have been made in Part 1 of Schedule 52. As a result, we added columns 310 and 312 in Part 1 to write the expenses allocated to the partners. Box 239, Critical mineral exploration tax credit (CMETC), and box 240, Portion subject to an interest-free period – CMETC, have also been added on T5013, Worksheet B, Summary of amounts to allocate to partners (Jump Code: T5013WSB), and T5013/RL-15, Partnership income (Jump Code: T5013).

T5013 CCA, General CCA Classes (Jump Code: T5013CCAR)

On December 12, 2022, the Government of Québec released Bill 6. According to this bill, an accelerated investment incentive property that is an eligible intellectual property or that is included in class 50 is also excluded from designated immediate expensing property. As a result, the calculation of the line Cost of acquisitions of DIEP in the Québec column has been adjusted for classes 44 and 50.

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Version 1.0 Content

Updates and Additions

To review the updates and additions contained in version 1.0 of Cantax FormMaster 2022, consult the Updates and Additions table.

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Version 1.0 – Comments and Details

Immediate Expensing

This measure provides that the capital cost of eligible depreciable property may be deducted entirely, up to a limit of $1.5 million per year. Cantax FormMaster allows this measure to be processed for partnerships only. Therefore, the following changes have been made in the program:

T5013 Schedule 8, Capital Cost Allowance (CCA) (Jump Code: T5013S8)

Several changes have been made to this form. First, the custom question Is the partnership eligible for immediate expensing in the current fiscal period? has been added to the form. Immediate expensing will be calculated only if you answer Yes to this question.

Part 1, Agreement between associated eligible persons or partnerships (EPOPs), has been added to the form. If the answer to the new question, Are you associated in the fiscal period with one or more EPOPs with which you have entered into an agreement under subsection 1104(3.3) of the Regulations? is Yes, you will need to complete the table in this section. This table allows you to indicate the percentage of the immediate expensing limit assigned under the agreement to each corporation, individual and partnership of an associated group.

We have also added the custom section Immediate expensing limit before the UCC limit of the DIEP to present the limit used to calculate immediate expensing.

New columns have also been added to the table in Section 2, CCA Calculation, for the calculation of immediate expensing:

  • Column 4, Cost of acquisitions from column 3 that are designated immediate expensing property (DIEP)

  • Column 9, Proceeds of dispositions of the DIEP

  • Column 11, UCC of the DIEP

  • Column 12, Income earned from the business or property in which the DIEP is used

  • Column 13, Immediate expensing

  • Column 14, Cost of acquisitions on remainder of Class

  • Column 15, Cost of acquisitions from column 14 that are accelerated investment incentive properties (AIIP) or properties included in Classes 54 to 56

  • Column 16, Remaining UCC

T5013 General CCA, General CCA Classes (Jump Code: T5013 CCAR)

T5013 Vehicle CCA, CCA Class 10.1 (Jump Code: T5013 CCAPV)

T5013 Leasehold CCA, CCA Class 13 (Jump Code: T5013 CCALI)

New lines corresponding to the new columns in the CCA table on Form T5013 Schedule 8 have been added to these forms. We have also added the question Is the property a designated immediate expensing property (DIEP) for the fiscal period? for class 10.1 and the question Are all assets acquired in the current year DIEP? for class 13 and the general classes. The answer to these questions will be taken into account in the calculation of line Cost of acquisitions of DIEP.

TP-130.EN, Immediate Expensing Limit Agreement (Jump Code: TP130EN)

This form is used to allocate the $1.5 million immediate expensing limit among the associated eligible persons or partnerships in Québec. Much of the information is taken from the table in Part 1 of Form T5013 Schedule 8.

In addition, in the instructions at the top of the form, Revenu Québec asks that the federal immediate expense limit agreement be attached to Form TP-600, Partnership Information Return.

TP-600.B, Schedule B – Capital Cost Allowance (Jump Code: TP600AB)

Some column headings have been changed to take into account the new measures concerning immediate expensing. However, the calculation of this measure is based on the new Form CO-130.AD.

CO-130.AD, Capital Cost Allowance for Immediate Expensing Property (Jump Code: CO130AD)

This Québec form allows you to enter the information regarding the designated immediate expensing property (Part 2) and calculate the immediate expensing amount deducted (Part 3) for the fiscal period.

ID, Client Identification and Other Information (Jump Code: ID)

A validation message has been added to the Trust Account Number fields. If an incorrect trust account number is entered, a pop-up message will prompt you to enter a valid one. If you agree to keep the wrong trust account number in the Trust Account Number field of the Client Identification and Other Information form, a diagnostic will attach to the cell telling you that the number is invalid and preventing you from being eligible to T3 EFILE.

RL-18 slip, Securities Transactions (Jump Code: RL18)

Revenu Québec now allows tax preparers to add a second recipient represented by a business name when the slip’s recipient type is a holder of a joint account. You can do so using the new section Business name of the 2nd recipient (joint account) of T5008’s data entry screen (Jump Code: T5008). However, the second recipient can only be an individual when it comes to completing and efiling the T5008. For this reason, the new section is only available when recipients are in Québec. If the new section isn’t completed, the program considers the second recipient is an individual when completing the T5008 and the RL18, exactly like it used to.

RC66, Canada Child Benefits Application (Jump Code: RC66)

In the new version of the form, the Canada Revenue Agency specifies that a shared-custody situation exists if the child lives 40% to 60% of the time with the applicant and the rest of the time with another individual. Therefore, the question Are you in a shared custody situation for this child? has been removed at Step 6. This question has been replaced by a choice representing the percentage of time the child lives with the applicant. In addition, also at Step 6, the question Does the child live with you all the time? was replaced by Does the child live with you most or all of the time?

RC232, Corporations Information Act Annual Return (Jump Code: RC232)

Following the announcement on April 30, 2021, by the Canada Revenue Agency, Form RC232 is no longer available for download on the canada.ca website and will no longer be processed by the Agency. Because Ontario’s information returns are now only filed directly through the Ontario Business Registry (online), Form RC232 has been removed from version 2022.1.0 of the program.

T3RET, Trust Income Tax and Information Return (Jump Code: T3RET)

As a result of an update, several refundable tax credits have been added to Step 5 – Summary of tax and credits.

T183 TRUST, Information Return for the Electronic Filing of Trust Return (Jump Code: T183)

The Representative Identifier (Rep ID) cell has been added in Part C, Electronic Filer Identification.

T2201, Disability Tax Credit Certificate (Jump Code: T2201)

As a result of an update, changes have been made to the Mental functions necessary for everyday life section of the T2201 form. If you completed this section of the form using a previous version of the program, we recommend that you review it before filing it.

T5013 Schedule 6, Summary of Dispositions of Capital Property (Jump Code: T5013S6)

Part 12 has been added to Form T5013 Schedule 6 for the disposition of an interest in a partnership that is subject to a 100% inclusion rate under subsection 100(1).

T5013 Schedule 63, Return of Fuel Charge Proceeds to Farmers Tax Credit (Jump Code: T5013S63)

This new schedule is used to calculate the refundable tax credit for the return of fuel charge proceeds to farmers after December 31, 2020. A minimum of $25,000 in gross eligible farming expenses is required to qualify for this tax credit. The applicable payment rate depends on the fiscal period and the province in which the entity operates. The amount of the tax credit for each designated province is allocated to partners on lines 530 to 560 and is carried over to box 237 of Form T5013/RL-15, Partnership Income (Jump Code: T5013). Where the entity operates in more than one designated province, the amounts will carry over to the generic boxes of Form T5013/RL-15.

T5013 Schedule 65, Air Quality Improvement Tax Credit (Jump Code: T5013S65)

This new schedule is used to calculate the refundable tax credit at a rate of 25% of qualifying ventilation expenditures incurred by an eligible entity during the qualifying period starting on September 1, 2021, and ending on December 31, 2022. This tax credit is subject to a maximum of $50,000 in qualifying expenditures across all qualifying locations and a maximum of $10,000 in qualifying expenditures per qualifying location. Eligible entities that are affiliated must share these limits. The amount on line 510 is allocated to eligible partners of the partnership in box 238 of Form T5013/RL-15, Partnership Income (Jump Code: T5013).

Notice to reader removed

As a result of the coming into force of the new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements, published by the Auditing and Assurance Standards Board, the software introduces changes to the Notice to Reader.

CSRS 4200 addresses compilation engagements, also referred to as “Notice to Reader” in practice and contains new conducting and reporting requirements. Therefore, to align with key changes, including scope and reporting standards, the Notice to Reader is taken from the software.

The removal of the Notice to Reader is showcased in the following locations in the software:

  • removal of the Notice to Reader letter (Federal and Québec)

  • removal of options in Preparer profile section related to Notice to Reader and disclaimers

  • changes in Form ID and Letter C.

The following is retained:

  • the Custom mention option in preparer profile

  • the Engagement letter.

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Forms under review

The following forms are presently under review for one of the following reasons: either the CRA has not yet released the final version, or we have received the form too late to integrate it. They are labelled “Under Review” on screen and “Do not submit” watermark when printing:

  • Forms relating to the T5013 return, Partnership income, and its schedules, as well as the electronic transmission of the T5013 return and slip.

  • Forms relating to the TP-600, Partnership Information return, and its schedules.

  • Forms relating to the T3, Trust Income Tax and Information Return, and its schedules, the T3 provincial forms and Form T183 Trust, Information Return for the Electronic filing of Trust Return, as well as the T3 electronic transmission.

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Future Updates

During 2022, Cantax FormMaster 2022 will be the subject of several form updates which you will be able to download from the Internet or obtain on CD-ROM. The following table provides you with an overview of the delivery methods for this version and future updates.

 

Version

Release

Download

CD-ROM

Version 1.0

December 2022

Gold

Regular

Gold

Regular

Version 2.0

February 2023

Gold

Regular

  

Version 3.0

March 2023

Gold

Regular

Gold

Regular

Version 4.0

May 2023

Gold

Regular

  

Version 5.0

July 2023

Gold

Regular

Gold

Each time a new version or update becomes available for download, a notification is shown on the Professional Centre. You then have two options:

  • You can access the downloadable products directly from the Cantax FormMaster Professional Centre. To benefit from this option, enter your user name and password in the Professional Centre panel in the “Electronic Services” section of the Options and Settings dialog box.
  • You can access the Cantax FormMaster downloads page from the https://wolterskluwer.ca/products/cantax/ Web site, by clicking Download Product.

Please note that you are not required to install one of the previous versions of Cantax FormMaster 2022 to be able to install updates and subsequent versions. Also, when launching the installation, any prior version will be detected, if appropriate. With a prior version installed, updating Cantax FormMaster will be performed more rapidly.

Note: By subscribing to Cantax Direct/Cantax FormMaster, you will be informed each time a program update is available and downloadable.

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Technical Information

Technical Changes

Electronic Filing of T3RCA Returns

A Retirement Compensation Arrangement (RCA) Part 3 XI.3 Tax Return (Jump Code: T3RCA ) can now be submitted using EFILE.

To this end, changes have been made to Cantax FormMaster:

  • The dialog box Transmit is available from the Transmission/General and Specialized Returns/Transmit menu and now allows you to select the T3RCA option to file a T3RCA return for your client and view the EFILE status of that return

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Where to Find Help

If you have any questions regarding the installation or use of the program, there are several options for getting help. Access the Professional Centre (accessible from the Menu button at the top left corner of the program) or the Knowledge Base for tips and useful information on how to use the program. If you are in the program and need help, press F1 to get help on a specific topic.

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Information by E-mail

Please note that you can receive information about Cantax FormMaster and other Cantax products by subscribing to Cantax Direct, a free automatic e-mail announcement service.

To subscribe to this service, visit https://support.wolterskluwer.ca/en/ and, in the Newsletter tab, select Subscription Manager.

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How to Reach Us

E-mail

Customer Service:
cservice@wolterskluwer.com

Tax and Technical support:
csupport@wolterskluwer.com

Telephone

1-800-268-4522

Web Site

https://support.wolterskluwer.ca/en/support/

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