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Release Notes

End of support for Windows 7 and Windows Server 2008 R2 SP1

As we have been announcing since November 2018 in several documents (Installation Procedures and texts on the Web sites), as well as in the e-mails sent on September 3 and December 3, 2019, our software applications ended support of Windows 7 and Windows Server 2008 R2 SP1 in November 2019.

For more information, consult our Knowledge Base article End of support for Windows 7 and Windows Server 2008 R2 SP1.

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.

Essential Program Information

Taxation Years Covered

Corporate Taxprep 2020 v.1.1 is designed to process corporate tax returns with taxation years beginning on or after January 1, 2017, and ending on or before October 31, 2020.

You must use the appropriate prior version of Corporate Taxprep to prepare returns relating to a taxation year that begins before that period. To obtain a list of prior Corporate Taxprep versions and corresponding taxation years, consult the “Version Coverage” topic.

Default Taxation Year

The default taxation year for a new client file is July 1, 2019, to June 30, 2020.

Specialized Information, Advanced Network and Corporation Internet Filing Modules

The modules Specialized Information (SI), Advanced Network and Corporation Internet Filing are options sold separately from the program.

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Overview – Version 2020 1.1

Changes to the calculation of remunerated hours for purposes of Form CO-771

As a result of the changes announced in Information Bulletin 2020-09 published on June 29 by Finances Québec, modifications have been made to the calculation of the remunerated hours for the small business deduction in Form CO-771. For more information, consult the note relating to this subject.

Modifications to the Alberta tax rate

As a result of the changes announced in Special Notice Vol. 5 No. 58 published on June 30 by Alberta Tax and Revenue Administration, modifications have been made to the Alberta tax rate. For more information, consult the note relating to this subject.

Correction to description fields – Form T661 Part 2 and Notes to Financial Statements

A correction has been made to the fields in Section B – Project descriptions of Form T661 Part 2 (Jump Code: 661 PART 2) as well as Form Notes (Jump Code: NOTES). Previously, if a sentence exceeded 78 characters, the last word on the line was truncated and carried to the next line whereas now the entire word is carried to the next line. In addition, if there already is a description in one of these fields, click in the field concerned to make the correction.

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Updated Forms – Version 2020 1.1

* Note that form titles followed by an asterisk (*) have been updated according to the most recent version issued by the applicable tax authority.

Federal

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

In accordance with the form completion instructions, the amounts in column 10, Proceeds of dispositions available to reduce the UCC of AIIP and column 11, Net capital cost additions of AIIP acquired during the year will be calculated for CCA classes 10.1, 13 and 14.

Québec 

CO-130.A, Capital Cost Allowance (Jump Code: Q8)

In accordance with the form completion instructions, the amounts in column F.1, Proceeds of dispositions available to reduce the capital cost of AIIP acquired in the taxation year and column F.2, Net capital cost of AIIP acquired during the taxation year will be calculated for CCA classes 10.1, 13 and 14.

CO-771, Calculation of the Income Tax of a Corporation (Jump Code: 771)

In its Information Bulletin 2020-9, published on June 29, 2020, Finances Québec announced an ad hoc adjustment to the calculation of remunerated hours for the small business deduction. As a result, line a1 has been added to the form.

Note that this ad hoc adjustment to the calculation of remunerated hours of a partnership can be taken into account on line c, but it will not be applied to the number of hours for the previous year consolidated basis test on line 07b.

Alberta

AT1, Alberta Corporate Income Tax Return (Jump Code: AT1)

The basic tax rate will be decreased from 10% to 8% on July 1, 2020. Therefore, the rate used for calculating the amount on line 068 has been modified accordingly. When the corporation’s taxation year straddles July 1, 2020, this rate is prorated based on the number of days in the taxation year that are after June 30, 2020. In addition, the small business deduction rate for the province has also been modified. For more information on this topic, consult the note relating to Form AT1 Schedule 1 below.

AT1 Schedule 1, Alberta Small Business Deduction (Jump Code: A1)

The small business deduction rate for the province will be decreased from 8% to 6% on July 1, 2020. The table Calculation of the Alberta Small Business Deduction has been modified to reflect this change.

AT1 Schedule 13, Alberta Capital Cost Allowance (Jump Code: A13)

In accordance with the form completion instructions, the amounts in column 10, Proceeds of dispositions available to reduce the UCC of AIIP and column 11, Net capital cost additions of AIIP acquired during the year will be calculated for CCA classes 10.1, 13 and 14.

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Corrected Calculations

The following problem has been corrected in version 2020 1.1:

Federal

• Client Letter Worksheet – The balance of income tax owing in the COVID-19 subsection is incorrect in the CO-17 – Internet filing section when an amount is entered or calculated on line 440 of the CO-17 return.

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Overview – Version 2020 1.0

Corporate Taxprep 2020 v.1.0 includes several technical and tax changes. Here is a summary of the main topics addressed in this document.

General information

Having experienced consequences related to the current COVID-19 pandemic, the CRA has updated a limited number of elements of their assessment system at the beginning of June 2020. For this version, the CRA asked us not to perform any changes to forms or calculations relating to a CRA-administered topic except for the addition of Schedule 58 and of a line on Schedule 200. The objective of this strategy is to ensure that the program and the assessment system perform the same calculations. We invite you to consult the article Information relating to version 2020 1.0 of Corporate Taxprep and CCH iFirm Tax T2 in our Knowledge Base for more information.

Schedule 58, Canadian Journalism Labour Tax Credit (Jump Code: 58)

This new schedule is used to calculate the refundable labour tax credit for a qualifying journalism organization with a taxation year starting after December 31, 2018. For more information, consult the note relating to this subject.

AT1 Schedule 13, Alberta Capital Cost Allowance (Jump Code: A13)

In order to help you better monitor accelerated investment incentive properties, several columns have been added to the form. For more information, consult the note relating to this subject.

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Training

To familiarize yourself with functionalities of the new enhanced Taxprep interface, consult the different videos available in the Corporate Taxprep Help Centre.

To consult the other training options available regarding Corporate Taxprep (seminars, Webinars, tutorials and more), access the Training section of the Wolters Kluwer Web site. You can also access it from the program, by selecting Get Taxprep Training in the Help menu.

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Improve Your Productivity

Preparer Profiles

AUTHORIZATION FORMS tab

As a result of the update of Form Alberta Consent Form (Jump Code: AAUT), the E-mail address field has been added under the Fax number field in the Authorized representative identification section of the AUTHORIZATION FORMS tab. The e-mail address in this new field corresponds to the e-mail address in the PROFILE tab. In addition, in the AAUT – Alberta consent form section, the lines Authorize access by telephone, e-mail, fax and mail and Authorize online access (TRACS) have been added. This access also includes authorization for telephone, e-mail, fax and mail.

Federal

Schedule 21, Federal and Provincial or Territorial Foreign Income Tax Credits and Federal Logging Tax Credit (Jump Code: 21)

In Part 6, the amount on the line Amount deductible under paragraph 110(1)(d.2) for prospector's and grubstaker's shares is now calculated based on the amount entered on line 350 of the T2 return.

When opening a client file prepared with a prior version of Corporate Taxprep, if the amount entered on the line Amount deductible under paragraph 110(1)(d.2) for prospector's and grubstaker's shares differs from the amount entered on line 350 of the T2 return, the amount in the schedule will be retained as an overridden amount.

INTEREST, Interest and Late-filing Penalty (Jump Code: INTEREST)

When calculating interest on the balance unpaid and the late-filing penalty in the Federal section, the income tax payable includes both the federal income tax and the provincial or territorial income tax (with the exception of Québec and Alberta) and excludes the following items because the refunds are deemed paid after the date the return is required to be filed:

• the dividend refund (line 784 of the T2 return);
• the federal capital gains refund (line 788 of the T2 return); and
• the provincial or territorial capital gains refund (line 808 of the T2 return).

Therefore, modifications were made to the text and the field relating to the balance unpaid in the Late-filing penalty and Interest subsections of the Federal section.

In addition, the Alberta Capital Gains Refund (line 086 of the AT1 return) should not be taken into account in the late filing penalty calculation in the Alberta section because the refund is deemed paid after the date the return is required to be filed.

Finally, under paragraph 37(1)(b) of the Alberta Corporate Tax Act, when calculating the late-filing penalty in the Alberta section, the Alberta Scientific Research and Experimental Development (SR&ED) Tax Credit (line 081 of the AT1 return), the Interactive digital media Tax Credit (line 085 of the AT1 return), the Alberta Qualifying Trust (QET) Tax Credit and Film and Television Tax Credit (entered on line 087 of the AT1 return) should not be included in the balance unpaid used in the 1% calculation.

Alberta

AT1, Alberta Corporate Income Tax Return (Jump Code: AJ)

The amount on line 091 must be “0” when the AT1 return is selected for Alberta Net file. If this line is overridden with an amount different from “0” and the AT1 return is selected for Alberta Net file, a diagnostic will prompt you to enter “0” or remove the override.

Updated Forms – Version 2020 1.0

* Note that form titles followed by an asterisk (*) have been updated according to the most recent version issued by the applicable tax authority.

Federal

Schedule 200, T2 - Corporation Income Tax Return (Jump Code: J)*

Line 798, Canadian journalism labour tax credit from Schedule 58, was added and replaces custom line Labour tax credit for qualifying journalism organizations, which was used in the prior versions of the program.

Schedule 8 WORKCHART, Capital Cost Allowance (CCA) Workchart (Jump Code: 8 WORKCHART)

Following a discussion with Revenu Québec, the following ratios, which are used in computing the additional CCA of 35% and the additional CCA of 60%, in the Additional capital cost allowance (CCA) for Québec section, are no longer limited to one:

• the two ratios between the fields Capital cost of qualified property less CCA claimed for qualified property and UCC in the class before CCA;
• the ratio between the fields Half of the capital cost of qualified property that became available for use in the current taxation year and UCC in the class before CCA; and
• the ratio between the fields Capital cost of qualified property less CCA claimed for qualified property and UCC in the class before CCA.

Schedule 58, Canadian Journalism Labour Tax Credit (Jump Code: 58)*

This new schedule is used to calculate the refundable labour tax credit at a rate of 25% of qualifying labour expenditures incurred in a taxation year, after December 31, 2018, by a qualifying journalism organization in respect of an eligible newsroom employee. This tax credit is subject to an annual threshold of $55,000 per eligible newsroom employee. Amount C is updated to line 798, Canadian Journalism Labour Tax Credit on the T2 return (Jump Code: J).

INTEREST, Interest and Late-filing Penalty (Jump Code: INTEREST)

To correctly calculate interest and late-filing penalty as a result of the measures taken by the different governments with regards to COVID-19, the fields Filing deadline in the Federal, Alberta and Québec sections will display 2020-06-01 when the regular filing deadline of the T2, AT1 and CO-17 returns would have been after March 18, 2020, (March 16, 2020, for the CO-17 return) and before June 1, 2020. Also, the fields Filing deadline in the Federal, Alberta and Québec sections will display 2020-09-01 when the regular filing deadline of the T2 and CO-17 returns would have been after May 31, 2020, and before September 1, 2020. This date is used in the calculation of the late-filing penalty and interest on the late-filing penalty.

In addition, the question Do you want to calculate the interest on the balance unpaid for Part I tax and provincial and territorial tax separately from the tax on other Parts of the Act (COVID-19)? was added at the beginning of the Federal section. The answer to this question is Yes when the regular balance-due day is after March 17, 2020, and before September 1, 2020.

When the answer is Yes:

• In the Dates section:

• The date in the field Balance-due day (COVID-19) in subsection Part I tax and provincial and territorial tax will display 2020-09-01;
• The date in the field Balance-due day in subsection Tax from other Parts of the Act will be the same as the date in the field Balance-due day in the Dates section;
• The balance owing for each type of tax according to the information entered in the T2 return will be indicated in the fields Balance payable according to the T2 return – Part I tax and provincial and territorial tax and Balance payable according to the T2 return – Tax from other Parts of the Act.

• In the Interest section, a separate calculation is performed for the balance owing for Part I tax and provincial and territorial tax in respect of the extended balance-due day as well as the balance owing for tax for other Parts of the Income Tax Act in relation to the regular due day.
• Finally, the lines Payment made on or before and Interest on balance unpaid are duplicated in the Total amount owed section.

A similar question, i.e., Do you want to calculate the interest on the balance unpaid for income tax separately from the tax on capital and the compensation tax (COVID-19)?, was also added at the beginning of the Québec section. The answer to this question is Yes when the regular balance-due day is after March 17, 2020, and before September 1, 2020.

When the answer is Yes:

• In the Dates section:

• The date in the field Balance-due day (COVID-19) of the Income tax subsection will display 2020-09-01;
• The date in the field Balance-due day of the Other taxes subsection will be the same as the date in the field Balance-due day of the Dates section;
• The balance owing for each type of tax according to the information entered in the T2 return will be indicated in the fields Balance payable according to the CO-17 return – Income tax and Balance payable according to the CO-17 return – Other taxes.

• In the Interest section, a separate calculation is performed for the balance owing for income tax in respect of the extended balance-due day as well as the balance owing for other taxes in relation to the regular due day.
• Finally, the lines Payment made on or before and Interest on balance unpaid are duplicated in the Total amount owed section.

In the Alberta section, the field Balance-due day will display 2020-08-31 when the regular balance-due day would have been after March 17, 2020, and before September 1, 2020.

Inducement, Inducement Calculation Workchart (Jump Code: INDUCEMENT)

The following line has been added to the Tax credits whose amount should be added to income section:

• Tax credit for persons with a severely limited capacity for employment – SMB

The following line has been added to the Tax credits whose amount should reduce the capital cost of property section:

• Tax credit for investments and innovation

Instalments, Federal Tax Instalments (Jump Code: IFED)

On March 18, 2020, the federal government announced that the Canada Revenue Agency would extend, until September 1, 2020, instalment payments for Part I of the Income Tax Act due after March 17, 2020, and before September 1, 2020. To correctly calculate instalments due for this period, the question Do you want to calculate the instalments according to the extended payment date (COVID-19)? was added to indicate that instalments for Part I tax and provincial and territorial tax are calculated according to the extended due day.

This answer to this question is Yes when at least one of the dates entered or calculated in the Monthly instalment workchart or Quarterly instalment workchart sections is after March 17, 2020, and before September 1, 2020. When the answer is Yes, the values for following lines and fields will be calculated:

• In both the Monthly instalment workchart and Quarterly instalment workchart sections:

• The line Instalment (COVID-19) was added at the bottom of the workchart to calculate instalments due on September 1, 2020. The field in the Date column will display 2020-09-01 and the field in the Monthly tax instalments (or Quarterly tax instalments) column will include all instalment amounts for Part I tax and provincial and territorial taxes only if they were due after March 17, 2020, and before September 1, 2020.
• Note that in the Monthly tax instalments or Quarterly tax instalments column, instalments payable for Part VI, VI.1 and XIII.I tax, if any, will continue being calculated as payable on the original date.

• In Sections 1 - 1^st instalment base method, 2 - Combined 1^st and 2^nd instalment base method and 3 - Estimated tax method, lines are duplicated to display the results of the calculations for instalments payable for Part I tax and provincial and territorial tax as well as instalments payable for Part VI, VI.1 and XIII.I tax.
• Section Instalment base calculation according to the Parts of the Act was added at the bottom of the form to calculate the instalment base according to Part I Tax and provincial and territorial tax on lines L1, M1 and N1 and according to Parts VI, VI.1 and XIII.1 tax on lines L2, M2, and M2.

If you do not want to calculate instalments according to the extended due date, override the answer to the question to No and the usual calculations will apply. As a result, the values for lines and fields will not be calculated and will remain empty.

In addition, the calculation of the amount on the line Provincial/territorial tax other than Alberta, Québec and Ontario before provincial refundable tax credits in the Instalment base calculation section takes into account the following new measures announced in the Nova Scotia 2020 Budget:

• the reduction in the corporate tax rate by 2%, i.e. to 14% from 16%;
• the reduction in the small business rate by 0.5%, i.e. to 2.5% from 3%.

These reductions apply to the number of days in the taxation year after March 31, 2020.

RC59, Representative Authorization Request (RC59 EFILE) (Jump Code: RC59)

The CRA no longer allows the printing of Form RC59 from a tax program. Since mid-February, the CRA has made available on its Web site the new combined Form AUT-01 that only grants off-line access. This new form groups three authorization forms, i.e. Forms T1013, RC59 and NR95. Therefore, if you want to file a hard copy of the combined Form AUT-01, you can use our Taxprep Forms program, or get the new printable version of the form from the CRA and complete it manually. Note that this new printable version of Form AUT-01 can only be used to ask for off-line access that will grant the right to contact the CRA by phone, letter or in person. No online access can be granted through this printable version.

Remember that online access is required to use certain of the CRA services, for example, T2 Auto-fill (TaxprepConnect). For that reason, we do not recommend that you use this new version of Form AUT-01 with off-line access.

Important
It will be very important not to file a hard copy of the new Form AUT-01 to the CRA by mail, fax or by downloading a scanned document if you are already authorized by your client.
Any new Forms AUT-01 received in the mail, by fax or download will be treated as a new request for off-line access, which will cancel any online access requests already processed.

Because Form RC59, Business Consent for Offline Access, has been withdrawn by the CRA, it can no longer be printed and sent either by mail or by fax to the CRA. Therefore, requests to be authorized as a representative for a business created using the program can only be EFILED to the CRA.

As a result, all lines related to the paper filing of Form RC59 have been removed from the form. When opening a client file prepared with a prior version of Corporate Taxprep, any data entered on the removed lines will not be retained.

RC59X, Request to Cancel Authorization for a Representative (RC59X EFILE) (Jump Code: RC59X)

Because Form RC59X, Cancel Business Consent or Delegated Authority, has been withdrawn by the CRA, it can no longer be printed and sent either by mail or by fax to the CRA. Therefore, requests to cancel the authorization of a representative created using the program can only be EFILED to the CRA.

As a result, all lines related to the paper filing of Form RC59X have been removed from the form. When opening a client file prepared with a prior version of Corporate Taxprep, any data entered on the removed lines will not be retained.

RC4649, Country-by-Country Report (Jump Code: RC4649)

In Part II – CbC Report Section, an explanation was added to subsection 2 - List of all the constituent entities of the MNE group included in each aggregation per tax jurisdiction under the line Permanent establishment to indicate when a constituent entity is a permanent establishment. For more information, consult the Determining if a constituent entity is a permanent establishment subsection of the RC4649 - Country-by-Country Report (CBCR) help topic.

AgriStability and AgriInvest Programs (Jump Code: AGRI/HAGRI) – Prince Edward Island*

The following changes have been made to Form Statement A, Statement of Farming Activities for Corporations:

• In the Participant Identification section, the line Telephone (Evenings) has been removed.
• In the Your Farming Information section, the line Province of main residence as of December 31, 2018 has been removed.
• In the Additional Contacts (Accountant, Spouse, and/or other) section, the lines AgriStability Pin #, Name, Social Insurance Number have been removed.
• In the Production (Crop) Insurance (PI) Information section, the question Do you purchase agricultural commodities for resale? has been removed.

Client Letter, Client Letter Worksheet (Jump Code: LW)

As a result of federal measures taken with regards to COVID-19, the fields Filing deadline will now display:

• 2020-06-01 when the regular deadline would have been after March 18, 2020, (March 16, 2020, for the CO-17 return) and before June 1, 2020. The calculation of this date applies to the following section of the worksheet: Forms T106, T1044, T1134, T1135, RC4649, the sections related to the T2, CO-17 and AT1 returns.
• 2020-09-01 when the regular deadline would have been after May 31, 2020, (March 17, 2020 for British Columbia’s FIN 542 return) and before September 1, 2020. The calculation of this date applies to the following section of the worksheet: Forms T106, T1044, T1134, T1135, RC4649, the sections related to the T2, CO-17 and AT1 returns as well as the British Columbia section.

In addition, the question Do you want to use separate balance-due days for Part I tax and for tax from other Parts of the Act (COVID-19)? was added to Sections T2 – Paper format and T2 – Internet filing to allow you to use specific balance-due days and balance owing for Part I tax and provincial and territorial tax as well as for other Parts of the Income Tax Act in the Client letter, Filing instructions (Jump Code: CLF). The answer to this question is Yes when the original balance-due day is after March 18, 2020, and before September 1, 2020.

Finally, the question Do you want to use separate balance-due days for income tax and for tax on capital and compensation tax (COVID-19)? was added to Section CO-17 – Internet filing to allow you to use specific income tax-related balance-due days and balances owing as well as for other type of tax in the Client letter, Filing instructions. The answer to this question is Yes when the original balance-due day is after March 17, 2020, and before June 1, 2020.

Québec 

CO-17, Corporation Income Tax Return (Jump Code: QJ)

Note that the following special taxes code can now be selected on lines 425ai and 425bi:

• 97, Investments and innovation;
• 98, Persons with a severely limited capacity for employment – SMB; and

When opening a client file prepared with a prior version of Corporate Taxprep, if a code 98, Other, is indicated on line 425ai or 425bi, this code will be changed to 198, Other.

QC L440P-Y, Additional Québec Credits (Jump Code: L440P)

In its 2020–2021 Budget tabled on March 10, 2020, the Québec Government announced the introduction of two refundable tax credits.

Therefore, the following tax credit codes have been added to the form:

• 109, Tax credit for investments and innovation; and
• 110, Tax credit for persons with a severely limited capacity for employment – SMB.

Q1 L70A, Taxable Tax Credits (Jump Code: L70A) and

Q1 L140A, Non-Taxable Tax Credits (Jump Code: L140A)

In its 2020–2021 Budget tabled on March 10, 2020, the Québec Government announced the introduction of two refundable tax credits.

Therefore, the following tax credit codes have been added to the form:

• 109, Tax credit for investments and innovation; and
• 110, Tax credit for persons with a severely limited capacity for employment – SMB.

CO-1029.8.36.ES, Tax Credit for the Production of Sound Recordings (Jump Code: 1029836ES)

A question has been added under line 09a to allow you to indicate whether an application for an advance ruling, or an application for a qualification certificate if no application for an advance ruling was previously filed, was filed with the Société de développement des entreprises culturelles after March 10, 2020. When the answer to this question is Yes, the percentage on line 64, which is used to calculate the limit based on the cumulative production costs, will be 65%.

CO-1029.8.36.SM, Tax Credit for the Production of Performances (Jump Code: 1029836SM)

A question has been added under box 09 to allow you to indicate whether the first eligibility period of the performance ends after March 10, 2020, and if an application for an advance ruling (or an application for a qualification certificate if no application for an advance ruling was previously filed) was filed with the Société de développement des entreprises culturelles after March 10, 2020. When the answer to this question is Yes, the percentage on line 61, which is used to calculate the limit based on the cumulative production costs, will be 65%.

CO-1159.2, Compensation Tax for Financial Institutions (Jump Code: 11592)

Box 06A has been added under box 06 and allows you to indicate whether the corporation is an independent loan corporation, an independent trust corporation or an independent corporation trading in securities. When boxes 06 and 06A are both checked, Corporate Taxprep takes into account the measures announced in the 2020-2021 Québec Budget that relate to corporations that are independent loan corporations, independent trust corporations or independent corporations trading in securities.

QC Instalments, Québec Tax Instalments (Jump Code: IQC)

On March 18, 2020, the Government of Québec announced that Revenu Québec would defer, until September 1, 2020, instalment payments due after March 16, 2020, and before September 1, 2020. To correctly calculate instalments due for this period, the question Do you want to calculate the instalments according to the extended payment date (COVID-19)? was added to indicate that instalments are calculated according to the extended due day. This answer to this question is Yes when at least one of the dates entered or calculated in the Monthly instalment workchart or Quarterly instalment workchart sections is after March 16, 2020, and before September 1, 2020.

• In both the Monthly instalment workchart and Quarterly instalment workchart sections:

• The line Instalment (COVID-19) was added at the bottom of the workchart to calculate instalments due on September 1, 2020. The field in the Date column will display 2020-09-01 and the field in the Monthly tax instalments (or Quarterly tax instalments) column will include all instalment amounts of income tax only if they were due after March 17, 2020, and before September 1, 2020.
• Note that in the Monthly tax instalments or Quarterly tax instalments column, instalments payable for capital tax and compensation tax (other taxes), if any, will continue being calculated as payable on the original date.

• In Sections 1 - Instalment base method, 2 - Combined 1^st and 2^nd instalment base method and 3 - Estimated tax method, lines are duplicated to display the results of the calculations for instalments payable according to income tax as well as instalments payable according to other taxes.
• Lines F1 and F2 have been added at end of section Instalment base calculation to calculate the instalment base according to income tax (line F1) and according to other taxes (line F2).

If you do not want to calculate instalments according to the extended due date, override the answer to the question to No and the usual calculations will apply. As a result, the values for lines and fields will not be calculated and will remain empty.

RD-1029.8.6, Tax Credit for University Research or Research Carried Out by a Public Research Centre or a Research Consortium (Jump Code: 102986)

RD-1029.8.9.03, Tax Credit for Fees and Dues Paid to a Research Consortium (Jump Code: 10298903)

RD-1029.8.16.1, Tax Credit for Private Partnership Pre-Competitive Research (Jump Code: 10298161)

A question has been added in the Identification section to allow you to indicate whether the taxation year of the corporation that incurred qualified expenditures or the fiscal period of the qualified partnership that incurred qualified expenditures starts after March 10, 2020, and if the research and development work was carried out after that date. When the answer to this question is Yes, the exclusion threshold no longer applies, and the qualified expenditures are not reduced by the amount of reducible expenditures.

British Columbia

FIN 146, Authorization or Cancellation of a Representative (Jump Code: FIN146)*

Diagnostics were added to mandatory fields. These fields are identified by an asterisk, because they must be completed, otherwise the form will be returned to you.

Alberta

AT1 Schedule 13, Alberta Capital Cost Allowance (Jump Code: A13)*

The following columns and lines have been added:

• Column 4, Cost of acquisitions from column 3 that are Accelerated Investment Incentive Property (AIIP) (line 029);
• Column 6, Amount from column 5 that is assistance received or receivable during the year for a property, subsequent to its disposition (line 031);
• Column 7, Amount from column 5 that is assistance repaid during the year for a property, subsequent to its disposition (line 033);
• Column 10, Proceeds of dispositions available to reduce the UCC of AIIP;
• Column 11, Net capital cost additions of AIIP acquired during the year;
• Column 12, UCC adjustments for AIIP acquired during the year (line 035);
• Column 13, UCC adjustments for non-AIIP acquired during the year (line 037);

The following columns and lines have been removed:

• Column 7, 50% rule (line 011);
• Column 8, Reduced undepreciated capital cost;

All other columns have been renumbered accordingly.

When the AT1 return is filed, lines 029, 031, 033, 035 and 037 are included in the Netfile transmission or RSI printing.

Alberta Consent Form (Jump Code: AAUT)*

You can now authorize a third-party representative to receive taxpayer information and cancel a third-party representative from receiving taxpayer information on the same copy of the form. To authorize or cancel an authorization, select the appropriate check box above Section 1. Client Taxpayer Identification.

The check boxes (a) Authorize access by telephone, e-mail, fax and mail and (b) Authorize online access (TRACS). This access also includes authorization for telephone, e-mail, fax and mail have been added to Section 2. Authorize a Representative. When check box (b) is selected, the field Name of Firm must be empty. The field E-mail Address has also been added to this section. This data can be updated with information of the preparer profile if the check box Update the information on the form based on the preparer profile used in the Identification form is selected and if the check box Update of the information in the form according to the information entered in Form RC59 or in Form RC59X, as applicable is not. The fields relating to the address and fax number have been removed. Section 2 should only be completed to authorize a third-party representative to receive taxpayer information. Do not complete Section 2 if a copy of the form is completed only to cancel a third-party representative from receiving taxpayer information. When opening a client file prepared with a prior version of Corporate Taxprep, no data will be retained in Section 2 on a copy to cancel a third-party representative from receiving taxpayer information.

As for Section 2, Section 3 should only be completed to authorize a third-party representative to receive taxpayer information. To select more than one program, complete a copy of this form for each program to which the individual or firm is authorized to access. When opening a client file prepared with a prior version of Corporate Taxprep, a form completed to authorize a third-party representative to receive taxpayer information for which more than one program has been selected, identical copies of the form (except for the programs selected) will be created. In addition, no data will be retained in Section 3 on a copy to cancel a third-party representative from receiving taxpayer information. Verify if adjustments are required.

Section 4, Cancel Representative(s) has been added and should be completed to cancel a third-party representative from receiving taxpayer information. When the check box Update of the information in the form according to the information entered in Form RC59 or in Form RC59X, as applicable is selected, Section 4 is updated with the information in Form RC59X (Jump Code: RC59X).

In section 5, Certification, the E-mail Address field has been added and is updated with the information in Form Identification (Jump Code: ID). The field Position, Office or Rank has been removed, but the signing officer’s role must be indicated by selecting the appropriate check box.

AB Instalments, Alberta Tax Instalments (Jump Code: IAB)

On March 18, 2020, the Government of Alberta announced that it would extend, until August 31, 2020, instalment payments due after March 17, 2020, and before September 1, 2020. To correctly calculate instalments due for this period, the question Do you want to calculate the instalments according to the extended payment date (COVID-19)? was added to indicate that instalments are calculated according to the extended due day.

The answer to this question is Yes when at least one of the dates entered or calculated in the instalment calculation workchart is after March 17, 2020, and before September 1, 2020.

At the bottom of this workchart, the line Instalment (COVID-19) was added to calculate instalments due on August 31, 2020. When the answer to the question is Yes, the field in the Date column will display 2020-08-31 and the field in the Instalments required column will include all instalment amounts due after March 17, 2020, and before September 1, 2020.

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Technical Information

Technical Changes

We are proud to present the many technical changes to the enhanced version of Corporate Taxprep. We are convinced that you will be pleased with these changes.

Enhancements to the user interface

The following enhancements have been made to the interface to refine the display of the many Corporate Taxprep views:

• A single toolbar: The Standard and Advanced toolbars have been merged into a single toolbar that is always displayed which content adjusts according to the view selected. This new toolbar also provides new buttons with a more intuitive design.
• Access to the views: The shortcut bar that was available on the left side of the main screen of Corporate Taxprep was replaced by the button. When you click this button, a menu displays to allows you to select the desired view.
• Zoom: The tool allowing you to resize the form is now available in the right corner of the status bar.
  
  To know how to use this tool, consult the page Customize Form Display.
  The selected zoom factor will apply only to the forms. The Xpress tool and the diagnostics pane possess options allowing you to apply a zoom factor different from the one set for the display of forms.
• AutoText: To facilitate the entry of data, which is sometimes repetitive, a list of AutoText suggestions in alphabetical order now displays from an alphanumeric field for which such list exists. Start entering an alphanumerical value and, when a list displays, click the value that you want to insert in the cell.
• TaxprepConnect status bar: The TaxprepConnect a status bar has been modified. The Download button allows you to download a corporation's data, while the icon allows you to display Form CONNECT, TaxprepConnect Download (Jump Code: CONNECT), to review the downloaded data. In addition, you can place the cursor of your mouse on the icon to display the date of the last download performed for the active client file. For more information on TaxprepConnect, consult the page How to Download Tax Data with TaxprepConnect .

Standardized presentation of information in the views

In addition to the Client Manager, Form Manager, EFILE Log view and EFILE Archives view, the following views are also presented in tables:

• Print Formats view 
• Preparer Profiles view 
• Filters and Diagnostics view 
• Letters and Labels view 
• Rate Tables view 
• Advanced Network view (available with the Advance Network version)

Therefore, the functionalities available in these views to display, order and filter the information are identical. The following enhancements have been made to certain of the functionalities:

• the search is performed from the search box or by using the Ctrl+F shortcut. For more information on this topic, consult the page Search Through Views.
  
• the grouping area located at the top of the view is no longer displayed at all times. To group the content of a view according to a column, click the Group button, and drag the column header to the grouping area displayed. To ungroup , click the Ungroup button.
• the filters available on the column headers now provide more criteria to allow you to quickly find the information you are searching for. As a result, in the Values tab, you can enter the text you are searching for in the list to find the one that you want to use as a search criterion. A second tab is also available to allow you to use advanced filter functions. For more information, consult the page Filter Based on the Content of One Column.

As mentioned above, the Print Formats, Letters and Labels and Filters and Diagnostics views are now presented in tables. In addition to taking advantage of the functionalities listed above, this new way of presenting information provides you with a way to order templates per template types, i.e. predefined or customized. As a result, the customized templates are displayed first in the view as they are the most frequently used templates.

Information on client files in the Open dialog box

The information on the client file displayed in the Open dialog box have been modified. Only the name of the corporation and the business number are now displayed in the dialog box, and this information is located above the name of the file.

To quickly review the information on the client files such as the return status the taxation year end and the various EFILE statuses, use the Client Manager. The Client Data filter allows you to obtain this information at a glance.

Letter Editor: more editing tools available

The following have been enhanced in the Letter Editor used to define the content of letter templates. It also allows you to format and layout the letter.

• Tables: You can now add one or more tables in a letter template to display data on lines and in columns. For more information on tables, consult the page Add or delete a table.
• Review comments: You can now add comments to a letter template to enter any information, suggestion or question to be communicated to your colleagues responsible for updating or reviewing the letter template. For more information on review comments, consult the page Add, edit or delete comments.
• Formatting tools: For more information on the many tools provided in the Letter Editor consult the page About the Letter Editor.

Xpress and Diagnostics pane: easier-to-use tools

You can now float the Xpress tool panel or the diagnostics pane to move it. It can be moved to another screen to facilitate data entry in the main screen. To do so, in the toolbar, click the Xpress button or the Diagnostics button, then click Float and move the panel to the other screen. Consult the video for a demonstration of the floating pane.

Options to resize the text, the zoom in and the zoom out  have been added to the Xpress tool and the diagnostics pane. For more information on these options, consult the pages Customize the Xpress List Display and Customize Diagnostics Display.

In addition, as it is now possible to float the Xpress tool panel, the Browse toolbar has been removed from the Display/Toolbar menu.

Changes relating to diagnostics

As the information in the diagnostics pane is presented in a table, a grouping area located in the top portion of the pane, where you can group the content of the pane according to a column, is also available. To group content in the diagnostics pane according to a column (for example, the Type), click the Group  button, then drag the column header to the displayed grouping area.

Diagnostics are ordered by group and each group is presented in a separate table. The name of the group as well as the number of diagnostics are indicated on tabs:

• The Take Action tab displays the diagnostics issued by Corporate Taxprep on which no action has yet been taken.
• The Reviewed tab displays the diagnostics that were reviewed during a first or second revision.
• The Ignored tab displays the diagnostics that were ignored during a first or second revision.

Precisions relating to diagnostics

• An annotated diagnostic with the or indicators which is resolved remains in the Reviewed tab; however, the colour of the indicators displayed in the Annotation column is modified ( or ).
• The diagnostic indicator for a tax cell is no longer displayed when the diagnostics issued for that cell are annotated and no other diagnostic applies to this cell. Therefore, the diagnostic(s) display before the return is printed.

Help tools: easier to access

online help centre

Corporate Taxprep provides you with an online Help Centre containing tax and technical information pages that will answer your various questions and will help you efficiently use Corporate Taxprep. When you consult the Help, the relevant help topic will display in your computer's default Web browser.

You can use the search box located in the top right corner of the page at any time to obtain information on a specific topic.

In addition to providing regularly updated tax and technical information, the Help Centre contains support information (such as troubleshooting memos and frequently asked questions) and provides useful links to the CRA and Revenu Québec Web sites and certain help centres of software programs integrated with Corporate Taxprep.

Professional centre

The Professional Centre now displays in your computer's default Web browser. This allows you to consult the Professional Centre in another screen while continuing to work in Corporate Taxprep. Make sure that you enter your CCH services username and password in the options and settings of Corporate Taxprep to take advantage of the services available in the Professional Centre.

Folder location

The location of certain folders related to Corporate Taxprep that were in the CCH folder is now in the Wolters Kluwer folder. As a result, during installation, Corporate Taxprep will prompt you for a different location for the following:

• the Corporate Taxprep installation folder,
• the database and the transmission files, and
• the templates.

Notes: The folder initially suggested when opening a client file will be Wolters Kluwer. For example,: C:\Users\WindowsUserName\Documents\Wolters Kluwer\T2 Taxprep\Client. You can define a default folder in the Options - File Locations panel of the options and settings. The default folder suggested during roll forward of client files is the client file folder defined in Corporate Taxprep 2018. For example: C:\Users\WindowsUserName\Documents\CCH\T2 Taxprep 2018\. The default folder suggested during templates conversion is the templates folder defined in Corporate Taxprep 2018. For example: C:\Users\WindowsUserName\Documents\CCH\T2 Taxprep 2018-2\.

Enhancements to the Advanced Network view (available in the Advanced Network version)

Like the Client Manager, the Form Manager and the various templates views, the Advanced Network view is now presented in a table. You can take advantage of the different functionalities available in those views to customize the display according to your requirements and perform searches.

The Advanced Network view is split into two portions that allow you to view, add, delete and define properties for the users and groups:

• The upper portion relates to user groups.
• The lower portion relates to users: by selecting a group in the upper portion of the view, the users associated with this group are displayed in this location.

For more information related to the Advanced Network version, consult the About the Advanced Network View topic.

Advanced settings

Modification to the Taxprep Development Toolkit

The guide Taxprep Development Toolkit Instructions and Excel file Taxprep T2 Development Toolkit Demo are only available in the online Help Centre.

Certain changes were made to the Taxprep development toolkit. It is important to read the Taxprep Development Toolkit Instructions topic and modify the properties and features in your applications in order for them to operate correctly. Here is an overview of the main changes.

Differences between Corporate Taxprep Classic 2019 v.1.0 and Corporate Taxprep 2019 v.2.0 (enhanced version):

• ITaxprepLicenceManager from the classic version becomes ITaxprepLicenseManager in the enhanced version;
• ITaxprepCell.Value from the classic version becomes ITaxprepCell.GetValue() and ITaxprepCell.SetValue() in the enhanced version;
• modifications were made to all <Enum> in the enhanced version;
• the ProgID now follow the following naming structure: Product.Type.Version (for example, TaxprepCom2019v2.Taxprep2019T2Return from the classic version becomes TaxprepT2.Return.2019v2 in the enhanced version).

Differences between the Corporate Taxprep 2019 v.1.0 and Corporate Taxprep 2019 v.2.0 enhanced versions:

• IT22019v2TaxprepCell from the enhanced version 1.0 becomes ITaxprepCell in the enhanced version 2.0;
• IT22019v2TaxprepGroup from the enhanced version 1.0 becomes ITaxprepGroup in the enhanced version 2.0;
• IT22019v2TaxprepLicenceManager from the enhanced version 1.0 becomes ITaxprepLicenseManager in the enhanced version 2.0;
• IT22019v2TaxprepNetworkManager from the enhanced version 1.0 becomes ITaxprepNetworkManager in the enhanced version 2.0;
• IT22019v2TaxprepReturn from the enhanced version 1.0 becomes ITaxprepReturn in the enhanced version 2.0;
• the ProgID now follow the following naming structure: Product.Type.Version (for example, wkxxxx2019t2.wk2019t2return from the enhanced version 1.0 becomes TaxprepT2.Return.2019v2 in the enhanced version 2.0).

A section was also added to the help topic, in which is provided an explanation on how to use the Taxprep development toolkit from a .NET application.

Silent Installation

You can now install Corporate Taxprep silently using the Windows command prompt. For more information on the silent installation, consult the page Silent Installation.

Excel Add-in for Taxprep

A new version of the Excel Add-in for Taxprep is available. This new version is required to use the Excel Add-in for Taxprep with the enhanced version of Corporate Taxprep.

The installation of this new version requires that you uninstall the old version of the Excel Add-in for Taxprep. Uninstall is supported by the new Excel Add-in for Taxprep installation wizard.

For more information with regards to the Excel Add-in for Taxprep, consult the Excel Add-in for Taxprep topic.

Software integrations

other integrations

• Integration with the CCH Accountants' Suite: Integrations with the CCH Document On-Premise and CCH Portal programs are available with Corporate Taxprep.
• Integration with Taxprep Forms: The command Create a Taxprep Forms file, which allows you to create a Taxprep Forms client file including data from the Identification form, is currently not available in Corporate Taxprep. The integration will be available as soon as the enhanced version of Taxprep Forms is released.

Modifications in the options and settings

The Apply button has been removed from the Options and settings dialog box. You must now make your modifications in the different panels and click the OK button.

The option to select the paper orientation when printing labels has been removed from the Labels/Format panel.

Modifications to the Attached Files tab in the Properties dialog box

Many modifications were made to the interface of the Attached Files tab of the Properties dialog box. For more information, consult the Attach a file help topic.

New since the 2018 enhanced version

Enhancing the performance of Corporate Taxprep

We are aware that the performance of your work tools is essential to a successful tax season. As a result, much effort was dedicated to enhancing the performance of Corporate Taxprep with respect to the roll forward of client files, data recalculation and return printing.

Changes to the location of mandatory information on Québec forms

In accordance with Revenu Québec requirements, the corporation’s name, the Québec enterprise number (NEQ) as well as the identification number of the corporation will now print at the bottom of each Revenu Québec form.

Addition of the Forms menu in the edit templates view

The Forms menu and shortcut keys for commands of this menu are once again available in the different views to edit templates.

Retrieving the previous version configuration

The following previous version configuration items of Corporate Taxprep are once again available:

• AutoText;
• Highlighted search results.

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Converting Templates

Converting Template Files

All templates (i.e. client letter templates, client filters, preparer profiles and print formats) created in a prior version must be converted to be used with Corporate Taxprep 2020 v.1.0.

Templates can be converted using the Convert function which is available in each template view.

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Corrected Calculations

The following problems have been corrected in version 2020 1.0:

• COVID-19, The filing deadlines for returns and elections that should be filed after March 16 or March 18, 2020, with the federal, Alberta, Québec and British Columbia governments deferred to June 1, 2020, or September 1, 2020

• COVID-19 – Balance-due dates applicable to some tax balances payable and tax instalments owed to the federal, Alberta and Québec governments deferred to a date after August 31, 2020

Federal

• A problem occurs when entering data in the 242, 244 and 246 text boxes in Schedule T661 Part 2, or when printing the text in these boxes

Québec 

• CO-1159.2 – Modification in the rate of the compensation tax on salaries and wages starting on April 1, 2020, for loan corporations, trust corporations and corporations trading in securities that are independent

• Elimination of the exclusion threshold for Forms RD-1029.8.6, RD-1029.8.9.03 and RD-1029.8.16.1 for a taxation year or a fiscal period starting after March 10, 2020

• CO-1029.8.36.SM – Increase in the rate on line 61 used in the calculation of the limit based on the cumulative production costs for the tax credit for the production of performances
• CO-1029.8.36.ES – Increase in the rate applicable on line 64 to calculate the limit based on the cumulative production costs
• Capital Cost Allowance (CCA) Workchart – Line 225 in the Québec column includes the capital cost of a property acquired in the taxation year that is not an AIIP

British Columbia

• Schedule 428 – Three year extension to the British Columbia Training Tax Credit

Electronic Transmission

• The location of the transmission database is not properly specified or is unavailable

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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 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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Taxprep e-Bulletin

For your convenience, you are automatically subscribed to the Taxprep e-Bulletin, a free e-mail service that ensures you receive up-to-date information about the latest version of Corporate Taxprep. If you want to review your subscription to the Taxprep e-Bulletin, visit the Wolters Kluwer Web site and, in the Newsletter section, select Subscription Manager. You can also send an e-mail to cservice@wolterskluwer.com to indicate the products for which you wish to receive general information or information on our software (Personal Taxprep, Corporate Taxprep, Taxprep for Trusts, Taxprep Forms or CCH Accountants’ Suite).

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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://www.wolterskluwer.com/en-ca/solutions/taxprep/

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