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What's New in ProFile for Release 2013.1.0

NEW: CRA Mandate for Electronic Filing

Beginning in 2013 (2012 Tax Returns), a new CRA mandate requires that tax preparers who file more than 10 returns MUST file them electronically vie EFILE. This mandatory electronic filing applies to both T1 General income tax and benefit returns and T2 corporation income tax returns for the 2012 and later tax years.

For exceptions, EFILE registration information, and other information about mandatory electronic filing for tax preparers, go to http://www.cra-arc.gc.ca/esrvc-srvce/tx/prprrs/mndtrylctrncflng-eng.html

For details about filing a return electronically, go to http://www.cra-arc.gc.ca/esrvc-srvce/tx/bsnss/crpnt/fq_rtrn-eng.html

Following are the highlights for this release of the ProFile Suite. This document appears only while you are disconnected from the Internet. While you are connected to the Internet, you can go to the ProFile menu and select Online > Update Information > What's New to display the very latest news about ProFile. Print this document if you wish to keep this information handy.

Module Content
Intro

Version 2013.1.0

Download the latest release of the ProFile Suite, version 2013.1.0.

Highlights include:
  • T1/TP1 - Improved mobile app, ProFile Connect. Access client information and returns. Available on iPhoneTM and AndroidTM.
  • T1/TP1 - Foreign income spousal splitting
  • Quick Search in toolbar
  • T1/TP1 - Import T1/TP1 tax information from the government
  • T1/TP1 - First certified paper filing release of ProFile T1 Version 2013.1.0
  • Forms Expert (FX) - First certified paper filing release of ProFile FX Version 2013.1.0 for NR4, T4, T4A, T4ANR, T5, RL2, RL3, RL8, and RL24
  • T2 - Corporation federal and Alberta certifications in ProFile T2 - paper and internet filing
  • T1/TP1, T2 - Competitor carryforwards in ProFile T1/TP1 and ProFile T2

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

To update ProFile, go to the Online menu and click Check for Updates. If you have any questions, please call us at 1-800-452-9970 or visit www.profile.intuit.ca.

 

General

(IMPROVED!) Updated ProFile Connect app for 2013

The ProFile Connect app is updated for the 2013 taxation year. Improvements include:
  • The 2013 ProFile Connect app is now available for AndroidTM smartphone and tablet devices (in addition to Apple iOSTM devices).
  • When syncing returns, you can now toggle between 2012 and 2013 returns.
  • The 2013 ProFile Connect app is now available in French!

Also, the online account that you use to sign in to ProFile Connect has changed. Now, you'll create a single account to be used by ProFile Connect and future Intuit mobile and web apps.

Note: If you used ProFile Connect 2012, you cannot use the Cloud Bridge account that you set up for that version. You must set up an account with the new service.

For more details on setting up a new Intuit Online Account, see Setting up ProFile to use an Intuit account elsewhere on this page.

As with previous versions of ProFile Connect, you can:
  • Upload some or all of your client tax files to Intuit-hosted servers -- the "Intuit Cloud".
  • View tax, audit, and contact information about clients from your Apple iOSTM or Android smartphone and tablet devices using the ProFile Connect app
  • On iOS devices, add notes about clients while on the road.
  • Sync information from your local computer to the Intuit Cloud at any time.
Currently, the ProFile Connect app has the following restrictions:
  • The app is available only for iOSTM and Android smartphones and tablets.
  • ProFile Connect supports only T1/TP1 returns from the 2012 taxation year (or later).
  • ProFile Connect is available only until Nov. 30, 2014.

For more details, search the in-product help for "ProFile Connect".

 

New single Intuit account for ProFile Connect and future Intuit web apps

ProFile Connect now uses a single universal Intuit sign-in account. In the future, all Intuit online services and products will use this account. If you subscribe to QuickBooks OnlineTM, you already have this account.

Who should set up this Intuit account? The person who creates the account will be added as an Admin (administrator) user. Anyone who signs in as an Admin can give access to synced returns to other users for future ProFile web apps. Therefore, this account should be set up by a systems administrator or other manager.

What if I already have a Cloud Bridge account from ProFile Connect 2012? The account process has changed. You'll still need to associate your account with a license key and order number as described below.

 

Setting up ProFile to use an Intuit account
  1. First, click the Enable Cloud Sync button on the toolbar to turn on syncing.

    The button looks like a grey cloud when syncing is turned off. It changes to an orange cloud while syncing is on.

  2. Second, create your Intuit Admin account:
    1. ProFile automatically opens the account setup page in a browser when you first enable cloud syncing. If you closed the page, open a web browser and go to Go to profilereview.intuit.ca.
    2. In the Register a Company with ProFile page, if you do not already have an Intuit Account, click the "click here" link to switch to the registration page for new accounts.

      You might already have an account if you subscribe to other Intuit services, like QuickBooks Online.

    3. When filling in information to set up your Admin/Company account, keep in mind the following:
      • You'll need your license key and order number. Make sure you have that information handy. You can find that information on your receipt. (On some receipts, the order number is called a "service number".)
      • If you subscribe to QuickBooks Online, when setting up your Admin account, use the same sign-in ID (email address) and password you use for QuickBooks Online.

        The system will recognize that you already have an Intuit account and ask if you want to create a ProFile company for that account. Do so.

  3. Third, specify the files to sync online from ProFile desktop.
    1. If necessary, open the Log In To Your Account window (in ProFile, go to the Online menu and choose Manage Online Accounts).
    2. Enter your Intuit account user ID (an email address) and password, then click Next.
    3. In the Manage Your Files screen, select the folder with Client files that you want to sync to your account.

      To browse to a folder, click Select Folder and navigate to the desired folder. By default, client information is stored in the My ProFile Data folder under your Windows Documents folder (My Documents in earlier versions of Windows).

    4. When you're done, click Next. ProFile syncs the files to your account, displaying the progress as it works.

    You can now view your T1 or TP1 returns online from the ProFile Connect app.

For more details, search the in-product Help for "ProFile Connect".

 

(NEW!) Import tax information directly from the government into new T1/TP1 returns

When you create a new T1 or TP1 return, you can now import basic tax information for the client directly from government databases.

To import information for a return, go to the File menu and click New file with tax info already imported from the government.

You will need the following information to import information for a federal T1 return:
  • Your EFILE On-Line number and password
  • The client's CRA download code
  • The client's Social Insurance Number (SIN)
You will need the following information to import information for a Qu?bec TP1 return:
  • Your Netfile Qu?bec number
  • Your Revenu Qu?bec access code
  • The client's Revenu Qu?bec download code
  • The client's Social Insurance Number (SIN)

Note: You can import information only when you create a new T1/TP1 return. You cannot import information into an existing return.

 

(NEW!) Search for forms from the toolbar

You can now search for forms directly from the toolbar, without opening the Form Explorer. The Form Search box appears next to the Form Explorer button on the toolbar. You can search for forms by form ID, name, or other keyword.

 

New CRA filing requirement for tax preparers

As of January 2013, if you receive payment to prepare more than 10 income tax returns in a year, the CRA requires you to file them electronically. This applies to both T1 individual income tax and benefit returns, and T2 corporation income tax returns for tax years ending in 2012 and subsequent years.

To support this change, corporate internet filing is now available in ProFile Basic.

 

2012-2013 Carryforwards

Don't forget that there are carry-forward options available under Options > Module > General > Carry forward files. Configure these preferences before you carry forward any prior year client files.

For complete instructions on carrying forward all types of files within ProFile, search "carryforward" in the in-product help.

ProFile T1/TP1:

The 2013 version of ProFile T1/TP1 now carries forward information from 2012 T1/TP1 files created with TurboTax, TaxprepTM 2012 v3.0 and CantaxTM version 12.3.303.112.

Full carryforward functionality of files created with ProFile 2012 is now available (batch carryforward, disabled in version 2013.0.0, has been restored in ProFile Premier).

ProFile Forms Expert (FX/Q):

The 2013 version of ProFile FX/Q carries forward information from 2012 files created with ProFile.

ProFile T2:

This version of ProFile T2 carries forward information from 2012 T2 files created with ProFile. It also carries forward information from corporation files created from:
  • TaxprepTM 2013 v1.0 (May/June release)
  • CantaxTM version 13.1.307.100
  • TaxprepTM 2012 v2.0 (Nov/December release)

 

Updated NAICS industry code list

Several forms ask the taxpayer or taxpayer corporation to specify the NAICS industry code that identifies the taxpayer's major business activities. The list of standard NAICS industry codes available in ProFile has been updated for the 2013 taxation year.

Note: The CRA requires that the NAICS code be reviewed every year to ensure that it best reflects activities for that year.

To search a list of available NAICS industry codes for the one that best applies, double-click the industry code field in the form in question (or click it and press F6). In the search window that appears, within the Keywords box at the top, enter search terms for your business activities. ProFile filters the list of industry codes based on words that appear in the code's name and description.

Forms that require an NAICS industry code are as follows:
  • (T1/TP1) T1163 - Agristability and AgriInvest Program
  • (T1/TP1) T1273 - Harmonized Agristability and AgriInvest Programs
  • (T1/TP1) T2042 - Statement of Farming Activities
  • (T1/TP1) T2121 - Statement of Fishing Activities
  • (T1/TP1) T2125 - Statement of Business or Professional Activities
  • (T1/TP1) T5013 - Statement of Partnership Income
  • (T2) Info - 2010-2013 Corporate Information worksheet
  • (FX) T106 - Information Return of Non-Arm's Length Transactions with Non-Residents
  • (FX) T1134 - Information Return Relating to Controlled and Non-Controlled Foreign Affiliates
  • (FX) T5013 FIN - Partnership Information Return

 

T1/TP1

ProFile T1 federal certification

ProFile T1 is fully certified and conforms to all federal requirements.

Note: Certain forms are still in draft format. They will display a DRAFT watermark when printed. If you need to use these forms, wait until they are certified in an upcoming release. The processing of paper returns is otherwise not affected by the draft forms.

 

New T1/TP1 forms

Federal

RRSP/PRPP - RRSP/PRPP deduction

This release includes an updated worksheet RRSP/PRPP - RRSP/PRPP deduction (formerly the RRSP deduction worksheet). This worksheet can now be used to enter Pooled Registered Pension plan (PPRP) amounts from PRPP receipts.

Enter amounts from PRPP receipts in the new PRPP contributions section. As with RRSP receipts in the RRSP contributions section, the list of receipts expands as you enter them.

For more details, see Pooled Registered Pension Plan (PRPP) - Questions and answers for employees and self-employed individuals on the CRA website.

 

RC383 - Tax-exempt Earned Income Information for a Pooled Registered Pension Plan

This release includes the new form RC383 - Tax-exempt Earned Income Information for a Pooled Registered Pension Plan. Use this form if the taxpayer is an Indian and has earned income that is tax-exempt.

This form will be included when filing the return. The CRA uses information on the RC383 form to calculate the taxpayer's non-deductble PRPP room for non-deductible PRPP contributions on tax-exempt earned income for the following taxation year.

Contributions to a PRPP from tax-exempt income are not deductible on your income tax return. However, starting with the 2014 taxation year, these contributions can be used as a repayment under the Home Buyers' Plan and the Lifelong Learning Plan.

ProFile fills in most of this form automatically, based on information in other forms and worksheets. You can also add additional tax-exempt income that will be included in the income total.

 

Qu?bec

TP1HealthContribution - TP1 Line 448 Health Contributions

This release includes a new worksheet: TP1HealthContribution - TP1 Line 448 Health Contributions. It calculates the Health Contribution amount for Line 448 of the TP1 return and is for residents of Qu?bec who:
  • Will be 18 or older at the end of the year (or when they left Canada)
  • Have been alive all year or were still alive as of October 31, 2013
  • Are exempt from Indian income

ProFile fills in this worksheet automatically, based on amounts from the Info worksheet and other forms. ProFile carries the calculated Health Contribution to line 448 of the TP1 return.

 

 

Updated T1/TP1 forms

Federal

Provincial credits now included in client letters and summaries

This release includes enhancements to the letters and summaries that you can send to clients. Letters and summaries now include separate amounts for provincial credits that are calculated on the GST worksheet. For example, if the taxpayer qualifies for the Ontario Trillium benefit, that credit will appear in the letter.

Provincial credits are added to the following letters and summaries:
  • Letter - Client Letter
  • JLetter - Join Client Letter
  • Summary - 2013 Tax Summary (Federal)
  • T1Summary - 2013 Tax Return Summary

Affected provinces are British Columbia, Nova Scotia, Saskatchewan, Prince Edward Island, Newfoundland and Labrador, and Ontario.

 

S9 - Donations and Gifts

This release includes an updated form S9 - Donations and Gifts, based on changes from the CRA. In addition to some cosmetic changes, the form has a new section for the First-time donor super credit (FDSC).

Taxpayers can claim this credit if neither they nor their spouse claimed a charitable donations tax credit for the five preceding taxation years (that is, for any year after 2007). The credit can be shared between a taxpayer and a spouse. To claim this credit, fill in the First-time donor super credits section of S9. ProFile carries the claimed credit to line 349 of S1.

For more details, including additional restrictions, see information on the form itself.

 

T777 - Statement of Employment Expenses

This release includes updates to worksheet T777Details - Employment expenses. Amounts from this worksheet are used in T777 - Statement of Employment Expenses.

In addition to a few cosmetic changes, within the T777Details worksheet, the line for Accounting and legal fees has moved from the Employees earning commission income section to the Employees earning a salary section. These fees are considered regular expenses.

 

T2125 - Statement of Business Activity

This release includes an updated form T2125 - Statement of Business or Professional Activity.

 
  • The new Internet business activities section tracks income that a business earns from internet webpages and websites for CRA purposes.
  • In Part 1 - Business Income, a new entry field has been added to accommodate reporting income from daycare subsidies.

 

British Columbia

BC479 - British Columbia Credits

This release includes an updated form BC479 - British Columbia Credits, based on changes from the CRA and the BC Ministry of Finance.

There is a new Sales tax credit section where low-income families can claim an additional provincial credit. ProFile automatically fills in this section based on amounts entered in other forms.

 

T1014-1 - BC training tax credit (employers)

This release includes an updated form T1014-1 - BC training tax credit (employers), based on changes from the CRA and the BC Ministry of Finance.

As of the 2013 taxation year, employers who claim the British Columbia shipbuilding and ship repair industry tax credit (form T1014-2) cannot also claim the British Columbia training tax credit (form T1014-1). Therefore, in ProFile, when you create a T1014-1 worksheet for an employee, you can no longer create a T1014-2 worksheet for the same (or any other) employee. ProFile warns you if you try to claim both credits.

 

T1014-2 - British Columbia Shipbuilding and Ship repair Industry Tax Credit (Employers)

This release includes an updated T1014-2 - British Columbia Shipbuilding and Ship repair Industry Tax Credit (Employers) form, based on changes from the CRA and the BC Ministry of Finance.

As of the 2013 taxation year, employers who claim the British Columbia shipbuilding and ship repair industry tax credit (form T1014-2) cannot also claim the British Columbia training tax credit (form T1014-1). In ProFile, this affects the T1014-2 as follows:
  • In Part 2 and Part 4 of the T1014-2 worksheet, lines that allow you to claim the British Columbia training tax credit for the same employee (form T1014-1) are removed.
  • When you create a T1014-1 worksheet for an employee, you can no longer create a T1014-2 worksheet for the same (or any other) employee. ProFile warns you if you try to claim both credits.

 

Manitoba

T4164 - Manitoba Odour-Control Tax Credit (Individuals)

This release includes an updated form T4164 - Manitoba Odour-Control Tax Credit (Individuals). The Manitoba Odour-Control Tax Credit and all existing carryover amounts are now fully refundable in the current taxation year. The credit is also no longer capped by income tax or property tax on farmland paid.

As such, this credit can no longer be carried back to previous years. This affects the T14164 form as follows:
  • In Part 1, the calculated result of line 5 is carried directly to line 55 of form MB479 - Manitoba Credits.
  • Parts 2 and 3 are removed.

 

Saskatchewan

SK428 - Saskatchewan Tax

This release includes an updated form SK428 - Saskatchewan Tax. In addition to some threshold and rate changes, and some cosmetic changes, line 5879 - Graduate tax exemption amount is removed.

 

 

T2

ProFile T2 federal certification

This release includes federal certifications and lets you prepare corporate income tax returns for fiscal year-ends on or before April 30, 2014.

 

Changed requirements for T2 Corporate Internet Filing

The CRA has loosened requirements for using its Corporate Internet Filing service. The ability to use this service is no longer dependant on whether the company is a resident or non-resident of Canada. As of this release, ProFile no longer prevents use of the service by a non-resident.

 

New T2 forms

Manitoba

S392 - Manitoba Data Processing Centre Investment Tax Credit

This release of ProFile includes new form S392 - Manitoba Data Processing Centre Investment Tax Credit. Use this form to claim the Manitoba Data Processing Centre tax credit. This credit is a refundable tax credit that is available to data processing corporations with a permanent establishment in Manitoba.

Credits can be claimed on 4% of the capital cost of new qualified property that is a building, and of 7% of the capital cost of new qualified property that is machinery or equipment. The property must be purchased or leased by the company for use in its data processing centre in Manitoba. The property must be available for use after April 17, 2012 and before 2016.

To claim this credit, complete Part 1 of the form with the buildings purchased, constructed, or leased for which you are claiming a credit. Complete Part 2 with the data processing equipment that is purchased or leased. carries the calculated credit to line 324 of S5 - Tax Calculation Supplementary - Corporations.

For more details, including additional restrictions on the property for which the corporation is claiming a credit, see the instructions on the S392 form itself.

 

 

Updated T2 forms

Federal

Adjustments to unrealized gains/losses

This release adjusts GIFI code 9980: Unrealized gains/losses in forms S125 - Income Statement Information and S140 - Income statement summary. If an unrealized gain is entered in GIFI code 9980, the amount will appear as a deduction from taxable income on line 390 of S1 - Net Income (Loss) for Income Tax Purposes. An unrealized loss will appear as an addition to taxable income on line 292 of S1.

 

S17 ? Credit Union Deductions

This release includes an updated form S17 ? Credit Union Deductions, based on changes from the CRA.

In addition to several cosmetic and some structural changes, in Part 3 ? Additional deduction, calculations are updated to reflect the phasing out of the additional deduction for credit unions. The additional deduction, which provides for a preferential income tax reate on taxable income that is not eligible for the small business deduction, will be phased out by 20% per year over five years, beginning in 2013 and will be eliminated for 2017 and subsequent years.

 

T661 - Scientific Research and Experimental Development (SR&ED) Expenditures Claim

This release includes an updated form T661 - Scientific Research and Experimental Development (SR&ED) Expenditures Claim, based on changes from the CRA. These changes include updates to form S60 (T661 Part 2), of which you need to attach a separate copy for each claimed SR&ED project.

You can submit the previous T661(12) version of the form until December 31, 2013. However, starting January 1, 2014, the CRA will accept only the new T661(13) version of the form for all taxation years.

In addition to some cosmetic changes and minor structural changes, updates to the form are as follows:
  • In general, expenditures for capital property or the right to use capital property can no longer be claimed after December 31, 2013. This affects amounts in Parts 3 and 4, as well as lines 350, 355, 390, and 504.
  • Part 4: Line 529 is modified to allow the user to calculate 20% of the expenditures included on lines 340 and 370 that were incurred after December 31, 2012.
  • Part 5: In Section B - Prescribed proxy amount (PPA), calculations now take into account the 10% reduction in the PPA for the number of days after December 31, 2013 within the taxation year.
  • Part 7: Boxes 620 and 622 (which indicate whether work is for "Basic or Applied research" or "Experimental development") are added. This information is no longer required for individual projects on separate copies of form S60.
  • Part 9: In this new section, include information on each claim preparer that was engaged and assisted in preparation for the SR&ED claim. You must also include information on billing arrangements made for each preparer.

    Important: The CRA can impose a $1,000 penalty if information about claim preparers and billing arrangements is missing, incomplete, or inaccurate.

Updates to form S60 (T661 Part 2) are as follows:
  • In Section A:
    • Boxes 223, 224, 226, 228, and 229 are removed.
    • Boxes 230 and 232 are removed.

    Relevant information from these boxes is now requested on lines 620 and 622 in Part 7.

  • The former Section B and Section C are now combined into a single Section B. All claimants now answer the same questions, regardless of whether the project goals are for experimental development or applied research.

 

T1135 - Foreign income verification statement

This release includes an updated version of form T1135 - Foreign income verification statement, based on changes from the CRA. The new version of the form applies to taxation years that end after June 30, 2013.

In addition to cosmetic and structural changes, the new version of the form has the following updates:
  • In the introduction to the form:
    • You must now indicate the functional currency.
    • You must now indicate whether the form is an amended return.
  • When indicating the cost of investments for specific types of property, you now include detailed amounts for that type.

    For example, for "Funds held outside Canada", you now indicate the maximum funds held during the year, the funds held at year end, and the income or loss for those funds.

For more details, see instructions on the T1135 form itself.

Note: ProFile includes different versions of the T1135 form for use with different taxation years. To select a specific version, answer the question "Which version of the form do you want to use?" at the top of the form. By default, ProFile selects an appropriate version based on the taxation year for the current return. Penalties apply if you use an earlier version of the form than required for your taxation year.

 

Instalments - Federal tax instalments

This release includes updates to the worksheet Instalments - Federal tax instalments. In addition to a few cosmetic changes and fixes to correct some Known Issues with the worksheet, these updates are as follows:
  • The Instalments worksheet now prints only if the First instalment base or Estimate for the current year for federal or provincial taxes is greater than $3,000.
  • If instalments are required, the selected option under Instalment payment options is now entirely up to the preparer. A change to the option is no longer considered an override.

    For existing returns, ProFile keeps the payment option that was selected in the previous release. For a new return, the default option is "3. based on the first and second instalment base".

 

Additional minor form updates

The following forms have been updated with minor changes to reflect the latest government updates.
  • S61 (T1145) - Agreement to allocate assistance for SR&ED between persons not dealing at arm's length
  • S62 (T1146) - Agreement to transfer qualified expenditures incurred in respect of SR&ED contracts between persons not dealing at arm's length

 

FX/FX-Q (Forms Expert)

T5013 Partnership returns in draft format

Forms for the T5013 Partnership returns are still under development and are in Draft status for this release. They will display a DRAFT watermark when printed. You can enter amounts in these forms, but cannot file them yet. Note that some calculations might change when the final versions are complete.

 

New FX/FX-Q forms and slips

Federal

T5013 Worksheet - Partnership Information and amounts to be allocated to the partners

This release includes a new form T5013Worksheet - Partnership Information and amounts to be allocated to the partners, based on changes from the CRA.

The purpose of the T5013 worksheet is to collect all partnership information. Some of the information is entered directly into the worksheet, while the rest is transferred from other related schedules.

You can use the Expand boxes to show or hide sections you're interested in.

When the worksheet information is completed, the data is transferred to the T5013 Detail.

 

 

Updated FX/Q forms and slips

Federal

T4 - Statement of Remuneration Paid

This release includes updated versions of forms for T4 - Statement of Remuneration Paid slips, based on changes from the CRA.

In the T4Detail worksheet, code 71 is now called "71 Indian (exempt income)?Employment". Code 88 "Indian (exempt income)?Self-employment" is added.

 

T4A - Statement of Pension, Retirement, Annuity, and Other Income

This release includes updated form T4A - Statement of Pension, Retirement, Annuity, and Other Income, based on changes from the CRA.

In addition to several cosmetic changes, this form has the following updates:

The following codes are added for tables in the T4ADetail worksheet:
  • 194 - PRPP payments
  • 136 - Federal Income Support for Parents of Murdered or Missing Children grant (PMMC)
  • 162 - Pre-1990 past service contributions while not a contributor (included in box 032)
  • 195 - Indian (exempt income) ? PRPP payments

In addition, if you select code 032 in Other Income, a new option is now available in the Code column: Pre-1990 past service contributions while a contributor.

 

GST/HST New Residential Rental Property Rebate Application

Based on changes from the CRA, this release includes updates to the GST/HST New Residential Rental Property Rebate Application form.

In addition to several cosmetic changes, the changes reflect the 14% HST rate and the related rebate rate, plus the addition of Section G, "Direct Deposit Request."

Information in Section D, Parts II and III is updated to reflect rebate rate changes.

In addition, checkboxes are added to Parts I and III, as well as Section E, to enable the calculation relating to the rebate rate.

 

FX - Information Worksheet

This release includes updates to the FX Information form.

In addition to several cosmetic changes, the following line is updated: For premier license users, the "Are you magnetic media or internet filing slips?" question now has YES selected as the automatic default.

In addition, a new field, Nominee/Agent Name, is added. This is to reflect the upcoming changes to the T5013Fin and Schedules.

 

Qu?bec

RL2 - Retirement and annuity income

This release includes updates to the Relev? 2 slip - Retirement and annuity income.

In addition to several cosmetic changes, the following lines are updated:
  • B - Payments from an RRSP, an RRIF or a DPSP, annuities or income from an RDPP
  • E - Benefit deemed to have been received at the time of death (RRSP, RRIF or RDPP)
  • F - Refund of unused contributions (RRSP or RDPP)
  • G - Amount that is taxable because of the revocation of the registration of an RRSP or an RRIF
  • I - Amount giving entitlement to a deduction (RRSP, RRIF or RDPP)
  • J - Qu?bec income tax and health contribution deducted at source
  • K - Income earned after death (RRSP, RRIF or RDPP)
A new code, PRPP Pooled registered pension plan, now appears in the dropdown list for Source of income. Several of the dropdown code descriptions for Additional information have also changed
  • B-1 - Payments from an RRIF that exceed the minimum amount
  • B-2 - Transferred payment from an RRIF
  • B-3 - Designated amount that exceeds the minimum amount
  • B-4 - Transferred designated benefit

Line G of the RL2 Detail, Amount that is taxable because of the revocation of the registration of an RRSP or an RRIF. is now updated to match Line G of the RL2 slip.

 

RL8 - Amount for post-secondary studies

This release includes updated form RL8 Detail - Amount for post-secondary studies. Based on changes from Revenu Qu?bec, Field B is now divided into the following fields for tuition and fees that entitle the taxpayer to a non-refundable tax credit:
  • B1 - Tuition or Examination fees (20% non-refundable tax credit)
  • B2 - Tuition or Examination fees (8% non-refundable tax credit)

 

Additional minor form updates

The following forms have been updated with minor changes to reflect the latest government updates.
  • T4A-NR - Statement of Fees, Commissions, or Other Amounts Paid to Non-Residents for Services Rendered in Canada
  • T5 - Return of Investment Income
  • T5008 - Statement of securities transactions
  • NR4 - Statement of Amounts Paid or Credited to Non-Residents of Canada
  • RL1 - Employment and other income
  • RL3 - Investment Income
  • RL24 - Child-care expenses
  • RL25 - Income from a profit-sharing plan

 

 

Removed forms

The following forms have been removed from the FX/FX-Q module:
  • FP352 - Application for Clearance Certificate
  • CPT1 - "Request for a Ruling as to the Status of a Worker under the Canada Pension Plan or Employment Insurance Act Worker Under the Canada Pension Plan and/or the Emplyment Insurance Act
  • GST303A - Application to Offset Taxes by Refunds or Rebates
  • GST303B - Application to Offset Taxes by Refunds or Rebates
  • GST488 - Election or Revocation of an Election Not to Use the Net Tax Calculation for Charities
  • GST506 - Election and Revocation of an Election Between Agent and Principal
  • AOBJECT/AT97 - Notice of Objection
  • CO-359.10 - Flow-Through Shares Information Return
  • CO-485.21 - Election Respecting the amount deemed to be the settlement of a debt on the winding up of a subsidiary corporation
  • CPT100 - Appeal of a Ruling Under the Canada Pension Plan and/or Employment Insurance Act
  • FP-145 - Waiver in Respect of the Period for Assessment
  • FP146 - Notice of Revocation of a Waiver in Respect of the Period of Assessment
  • FP159 - Notice of Objection (GST/HST)
  • FP189 - General GST/HST Rebate Application
  • FP2044 - Election Respecting the Acquisition of a Business or Part of a Business
  • FP2074 - Election or Revocation of Election Respecting the Quick Method of Accounting
  • FP2190.A - GST-QST New Housing Rebate Application: Owner of a New Home and Land Purchased from the Same Builder
  • FP2190.C - GST-QST New Housing Rebate Application: Rebate Granted by a Builder
  • FP2190.L - GST-QST New Housing Rebate Application: Rebate Granted by a Builder
  • FP2190.P - New Housing Rebate Application: Owner of a New or Substantially Modified Home
  • FP25 - Election for Nil Consideration
  • FP505 - Special-Purpose Return
  • FP524 - New Residential Rental Property GST Rebate Application
  • FP525 - New Residential Rental Property GST Rebate Application Supplement - Multiple Units
  • FP525Part2 - New Residential Rental Property GST Rebate Application Supplement - Multiple Units
  • FP603A - Application for offset tax by refunds or rebate
  • FP603B - Application for offset tax by refunds or rebate
  • FP611 - Request for Cancellation or Variation of Registration
  • FP620 - Election Respecting the GST/HST and QST Reporting Period
  • FP670 - Election or Revocation of an Election Respecting a GST/HST and QST Fiscal Year
  • FP671 - Notification of Fiscal Quarters and Fiscal Months and Application for Approval to Extend or Shorten Fiscal Months
  • FPZ66 - GST/HST Rebate Application for Public Service Bodies
  • GST469 - Direct deposit request-Nonpersonalized
  • GST523 - Non-Profit Organizations - Government Funding
  • GST71 - Notification of Accounting Periods
  • LE-34 - Application for an exemption from the contribution to the health services fund
  • RC151 - GST/HST Credit Application for Individuals Who Become Residents of Canada
  • RC240 - Designation of an Exempt Contribution Tax-Free Savings Account
  • RC243 - Tax-Free Savings Account (TFSA) Return
  • RC243SA - Excess TFSA Amounts
  • RC243SB - Non-Resident Contributions to a Tax-Free Savings Account
  • RC65 - Marital Status Change
  • T1043 - Deduction for Excess Registered Pension Plan Transfers You Withdrew From an RRSP or RRIF
  • T1213 - Request to Reduce Tax Deductions at Source for Year(s)
  • T137 - Request for Destruction of Records
  • T2005 - Agreement Among Associated Corporations to Allocate an Amount to Calculate Their Base Level Deduction
  • T2027 - Election to Deem Amount of Settlement of a Debt or Obligation
  • T2033 - Direct Transfer Under Subsection 146.3(14.1) or Paragraph 146(16)(a) or 146.3(2)(e)
  • T2069 - Election in Respect of Amounts Not Deductible as Reserves for the Year of Death
  • T2092 - Contributions to a Registered Party or to a Registered Association - Information Return
  • T2093 - Contributions to a Candidate at an Election - Information Return
  • T5011 - APPLICATION FOR A PARTNERSHIP'S FILER IDENTIFICATION NUMBER
  • T733 - Application for a Retirement Compensation Arrangement (RCA) Account Number
  • T735 - Application for a Remittance Number for Tax Withheld from a Retirement Compensation Arrangement (RCA)
  • TD4 - Declaration of Exemption - Employment at a Special Work Site
  • TP163.1 - Interest paid on a Loan taken out on a life insurance policy
  • TP599 - Determination of Adjusted Cost Base of a Partnership Interest
  • TP64.3 - General employment condition
  • VD370.67 - New Residential Rental Property QST Rebate
  • VD403 - General Application for a Qu?bec Sales Tax (QST) Rebate
  • VD60 - Application for a Rebate (or Non-Payment) of the Qu?bec Sales Tax (QST) on a Road Vehicl
  • VD80.1 - Declaration of a Transaction Between Related Individuals with Regard to a Road Vehicle Registered in Qu?bec
  • XE8 - Application for Refund of Federal Excise Tax on Gasoline
News alerts

Holiday hours at Intuit Canada

Our office and call centre are closed December 25, 26, and January 1. Please take advantage of our online resources if you require assistance on these days. We have discussion forums, the ProFile InfoBase, a Document Library with valuable PDF documents, and in-product Help files (all accessible through the ProFile QuickStart!).

 

Product delivery

Courier clients

This release will be shipped to all ProFile customers who requested CDs by courier delivery. The expected delivery date for this ProFile package is during the week of December 16.

Coming soon!

Coming highlights

Look for the following in a future release:
  • ProFile TP1: First TP1 paper filing release
  • ProFile T3: First 2013 paper and XML certified filing release
  • ProFile FX/Q: Electronic Media/XML filing ready release

 

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