Release Notes for 2018.4.0

T1/TP1 highlights include:

• T1 Multiple Jurisdiction return
• certified EFILE of T1 Multiple Jurisdiction return
• EFILE for TP1 Amended return

T3/TP646 highlights include:

• 2019 rate updates

FX/Q highlights include:

• 2019 rate updates

About ProFile

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

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

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

The following are updated with the most recent version of CRA’s forms:

• T2203
• TP22
• TP25
• all provincial Multiple Jurisdiction forms

New! TPF1C Explanations Regarding an Amended Income Tax Return

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

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

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

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

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

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

T1229 - Statement of Resource Expenses and Depletion Allowance

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

Enter the following amounts on the “Resource” worksheet, under Resource expense pools:

• Accelerated CDE renounced under a FTS agreement entered into after November 20, 2018;
• Other Accelerated CDE/COGPE; and
• CDE/COGPE claimed in 2017

GST370 - Employee and partner GST/HST rebate application

The column in Part B pertaining to HST eligible expenses at 12% is obsolete and has been removed.

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

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

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

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

• T1 and TP1 planner for 2019