Troubleshooting - Corporate Taxprep - 2020
Client filter and customized diagnostic templates
To assist you in identifying clients that could be affected by the described problems, a downloadable client filter and customized diagnostic template is associated with most troubleshooting memos. These templates allow you to display a diagnostic in the returns that have tax situations that were the subject of a Troubleshooting Memo and provide access to a list of clients affected by the problems described.
Installing the client filter and diagnostic template
To find the predefined folder for customized client filters or diagnostics. proceed as follows:
- Launch Corporate Taxprep.
- On the Tools menu, click Options and Settings.
- Under Options, click File Locations.
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Verify the predefined location for the filters and diagnostics. After the installation, the default location is usually the following: My Documents\Wolters Kluwer\T2 Taxprep 2020-x\Filter and Diagnostics\.
- Copy the downloaded file to this location.
The client filter will be available in the Client Manager, while the diagnostic will display in the relevant returns.
Note: If you must download a client filter and diagnostic template, you can do so from the link in the section of a problem. To download all templates in a single operation, click the Download all templates button, then copy all zipped files into the folder My Documents\Wolters Kluwer\T2 Taxprep 2020-x\Filter and Diagnostics\.
General
- T22020-003 (Week of August 9, 2020) - COVID-19 – Balance-due dates deferred to September 30, 2020 for some tax balances payable, including tax instalments, owed to the federal, Alberta and Québec governments
Diagnostics
- T22020-009 (Week of December 6, 2020) – Error message when opening the diagnostics pane or when opening a client file because a customized diagnostic is missing or not found
Federal
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T22020-016 (Week of April 25, 2021) – Schedule 8 – 2021 Federal Budget – Introduction of an immediate expensing measure allowing for a deduction of up to $1.5 million for Canadian-controlled private corporations (CCPC)T22020-011 (Week of February 21, 2021) – The amount of eligible SR&ED expenditures in Schedules 508 and 566 is too high when contributions to agricultural organizations for SR&ED are incurred during the taxation year
- T22020-010 (Week of January 3, 2021) – Schedule 322 – The rate used to calculate tax at the higher rate is incorrect for taxation years ending after December 31, 2020.
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T22020-007 (Week of December 6, 2020) - The N1 diagnostic prevents the electronic filing and printing of the Bar codes and RSI for the T2 and AT1 returns even when no Mandatory modification diagnostics appear
T22020-004 (Week of September 13, 2020) – COVID-19 – Balance-due day applicable to the tax balance of Parts other than Part I of the Act, including instalments payable to the federal government, extended to September 30, 2020
- T22020-002 (Week of July 26, 2020) - T2 Return – In the first tax year of a corporation starting after 2018, the calculation of the ERDTOH on line 520 is incorrect for a CCPC that elected under subsection 89(11) ITA not to be a CCPC.
- T22020-001 (Week of June 21, 2020) - 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.
Québec
- T22020-014 (Week of April 4, 2021) – CO-1029.8.33.6 – Increase in the rate of the tax credit on line 91 for a qualified expenditure incurred after March 25, 2021, with respect to certain qualified training periods started after March 25, 2021
- T22020-013 (Week of April 4, 2021) – CO-1029.8.36.II – The tax credit is not calculated according to the increase in the tax rates announced in the Québec Budget tabled on March 25, 2021
- T22020-012 (Week of April 4, 2021) – CO-771 – Increase in the small business deduction (SBD) rate for the taxation year ending after March 25, 2021
- T22020-005 (Week of September 27, 2020) – Capital Cost Allowance (CCA) Workchart – Incorrect calculation of the amount on line E used to calculate the additional CCA of 60% for Québec for qualified property acquired after November 20, 2018
Saskatchewan
- T22020-006 (Week of December 6, 2020) - Schedule 411 – Reduction in the Saskatchewan lower tax rate for taxation years ending after September 30, 2020
Manitoba
- T22020-015 (Week of April 11, 2021) – Schedule 387 – For a tax year ending after December 31, 2020, the credit earned in the current tax year (line 120) and the credit claimed in the current year (line 2C) are incorrect
Network Versions
- T22020-008 (Week of December 6, 2020) - Cannot start Corporate Taxprep 2020 v.1.x following the installation of version 2.0 because the data from the network configuration is invalid or corrupted